








A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |


Investment property for sale in Long Beach at 488 E Ocean Blvd UNIT 502, Long Beach, CA, 90802 offers a 6.28% rental yield on a $579,000 purchase with $3,031/mo rent. 59% in year one. Equity gained on principal adds $3,736/yr while 5% annual appreciation supports $159,967 over five years. Portfolio math shows five-year ROI at 85.03% and total cumulative return in cash at $161,971. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $3,031/mo property income against a $2,834/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 2004
2.77 Acres lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 90802, Long Beach, CA area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 26,306 (100%) |
| Owner Occupied HU | 4,625 (17.6%) |
| Renter Occupied HU | 19,014 (72.3%) |
| Vacant Housing Units | 2,667 (10.1%) |
| Median Home Value | $758,455 |
| Average Home Value | $819,112 |
Residential
24,092
Single Family
4,920
Multi-Family
19,172
Businesses
1,599
Date | Event | Price |
|---|---|---|
| No price history data available | ||
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| No tax history data available | ||||



Listed by: Linda Hunter • LB Brokerage, Inc
Mls Name: CRMLS
Mls ID: #PW25134347