515 N Gertruda Ave UNIT 5Redondo BeachCA90277
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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 515 N Gertruda Ave UNIT 5, Redondo Beach, CA, 90277 uses $460,080 cash to close to unlock $15,406/yr annual cash flow and $1,284/mo monthly cash flow. Total monthly income runs $10,308/mo, and a $6,950/mo payment keeps the spread at $1,284/mo. Purchase price stands at $1,420,000, and rental yield measures 8.71% with $10,308/mo rent. Return on cash invested shows 23.72% in year one, and 5% annual appreciation builds toward $392,320 over five years. Five-year ROI reaches 123.39% and total cumulative return in cash records $567,707. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $10,308/mo property income covering a $6,950/mo payment rather than investor’s personal income.
Townhouse
Built in 1989
0.41 Acres lot
$N/A/sqft
$240 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 90277, Redondo Beach, CA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 17,815 (100%) |
| Owner Occupied HU | 7,737 (43.4%) |
| Renter Occupied HU | 8,952 (50.2%) |
| Vacant Housing Units | 1,126 ( 6.3%) |
| Median Home Value | $1,456,087 |
| Average Home Value | $1,522,751 |
Housing Distribution
Address Breakdown
Residential
18,022
Single Family
8,500
Multi-Family
9,522
Businesses
1,826
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Listed by: Charles Grimes • Team Equity L.A. Property
Mls Name: CLAW
Mls Provider:
Mls ID: #24-430761
Disclaimer: 2024 The MLS - Combined L.A. Westside MLS (CLAW). All rights reserved. Based on information from The MLS - Combined L.A. Westside MLS (CLAW as of 2024-01-24 14:45:40 PST. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.