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Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
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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 Redondo Beach at 519 Meyer Ln UNIT 51, Redondo Beach, CA, 90278 at $899,900 posts ROI 21.17% with $275/mo cash flow from $6,349/mo rent. Total monthly income equals $6,349/mo, and annual cash flow records $3,296/yr on $296,067 to close. Return on cash invested measures 21.17% and rental yield reads 8.47% at the current $899,900. Equity gained on principal adds $5,807/yr, and 5% annual appreciation supports $248,626 by year five. Five-year ROI prints 110.33% and total cumulative return in cash totals $326,644.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $6,349/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Townhouse
Built in 1979
2.39 Acres lot
$N/A/sqft
$507 monthly HOA
Neighborhood data shown for ZIP Code: 90278, Redondo Beach, CA area.
| 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 |
Residential
16,782
Single Family
10,482
Multi-Family
6,300
Businesses
999
Date | Event | Price |
|---|---|---|
| 2024-08-28 | Listed for sale | $899,900 |
| 2023-08-03 | Listing removed | N/A |
| 2023-07-24 | Listed for rent | $4,300 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-08-29 | $5159.99 | 1.36% | $433,062 | 2.00% |
| 2022-08-29 | $5090.76 | 2.52% | $424,571 | 2.00% |
| 2021-08-29 | $4965.63 | -0.09% | $416,247 | 1.04% |
Listed by: Stephanie Thomas • West Shores Realty, Inc.
Mls Name: CRMLS
Mls Provider:
Mls ID: #SB24177976
Disclaimer: The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional. Based on information from California Regional Multiple Listing Service, Inc. as of 2024-01-24 10:53:37 PST and /or other sources. 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
