511 Meyer Ln UNIT 8Redondo BeachCA90278
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Ziffy AI Summary
A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
- Attractive rent-to-price ratio for income stability
- Good fit for DSCR financing with healthy coverage
Investment Highlights
Investment property for sale in Redondo Beach at 511 Meyer Ln UNIT 8, Redondo Beach, CA, 90278 earns from $4,168/mo rent with a $4,547/mo payment. Total monthly income totals $4,168/mo. ROI tracks 13.86% on current figures, and rental yield reads 5.38% at a $929,000 purchase. Equity gained on principal adds $5,995/yr, and 5% annual appreciation supports $256,666 over five years. Five-year ROI reaches 70.38% and total cumulative return in cash sums $215,120. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $4,168/mo property income instead of your personal income.
Townhouse
Built in 1979
2.39 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 90278, Redondo Beach, CA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 16,981 (100%) |
| Owner Occupied HU | 9,444 (55.6%) |
| Renter Occupied HU | 6,957 (41.0%) |
| Vacant Housing Units | 580 ( 3.4%) |
| Median Home Value | $1,224,834 |
| Average Home Value | $1,265,967 |
Housing Distribution
Address Breakdown
Residential
16,782
Single Family
10,482
Multi-Family
6,300
Businesses
999
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Listed by: Paul Buller • Paul Buller Properties
Mls Name: CRMLS
Mls ID: #SB26005370