525 E Seaside Way UNIT 1203, Long Beach, CA, 90802 | 6.55% Rental Yield

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525 E Seaside Way UNIT 1203, Long Beach, CA, 90802 | 6.55% Rental Yield | Ziffy

For Sale

Ziffy Mortgage

NMLS #2625701

Get Pre-Approved

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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

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Investment Highlights

Rental property for sale in Long Beach at 525 E Seaside Way UNIT 1203, Long Beach, CA, 90802 generates $4,778/mo in rent, after a $4,283/mo payment. Total monthly income is $4,778/mo. Return on cash invested sits at 17.41% in year one, and rental yield is 6.55% on a $875,000 entry. Equity gained on principal adds $5,646/yr, while 5% annual appreciation builds toward $241,746 over five years. Five-year ROI reaches 89.41% and total cumulative return in cash sums $257,387. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $4,778/mo property income rather than buyer’s personal income.

Condo

Built in 1990

0.93 Acres lot

$N/A/sqft

No HOA

More details about the property

Stunning and spectacular views to be enjoyed here for all seasons, day or night. This remodeled 2 bedroom, 2 bath condo is located in the highly desireable Harbor Place Tower on the 12th floor. At just over 1,300 square feet this warm and comfortable home is newly remodeled with fresh paint, warm wood flooring throughout, a kitchen with custom cabinetry including all the modern appliances: Oven/range, refrigerator, dishwasher, and built-in Microwave. Custom lighting fixtures finish off the beautiful interior. Two balconies off the main living area and bedroom provide the perfect perspective while viewing the fabulous City of Long Beach that include panoramic views overlooking the Pacific Ocean, San Bernadino Mountains and the sparkling city lights. Bathrooms each feature walk-in showers, modern cabinetry, sinks and faucets. Two parking spaces are assigned to the unit in the gated community garage. Located blocks away from all the exciting venues in Downtown Long Beach, Harbor Place Tower is a beautiful building with a 24-hour security guard on duty, a package concierge, a pool with sun deck and spa, a large fitness center, men's and women's saunas, community room, viewing deck and 80 guest parking spaces.

Neighborhood Data

Neighborhood data shown for ZIP Code: 90802, Long Beach, CA area.

Housing Distribution

Housing Statistics

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

Housing Distribution

Address Breakdown

Residential

24,092

Single Family

4,920

Multi-Family

19,172

Businesses

1,599

Price History

Date	Event	Price
No price history data available

Tax History

Date	Tax Paid	Tax Increase Rate	Value	Value Increase Rate
No tax history data available

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Ziffy Mortgage

NMLS #2625701

Get Pre-Approved

Facts & Features

General Information

Type: Condo
Year Built: 1990
Architectural Style: N/A
Building Area: N/A
Living Area: N/A
Property Condition: N/A

Features & Amenities

Heating: N/A
Cooling: N/A
Flooring: N/A
Interior Features: N/A
Exterior Features: N/A
Parking Features: Assigned, Controlled Entrance, Covered, On Site, One Space, Community Structure, Side By Side

Location

City: Long Beach
State: CA
Subdivision: N/A
Lot Size: 0.93 Acres
Lot Features: N/A
View: N/A

HOA & Fees

HOA Fee: N/A
Association Fee: N/A
Fees & Dues: N/A
Association Amenities: N/A
Association Fee Includes: N/A

Utilities

Utilities: N/A
Sewer: N/A
Water Source: N/A
Road Surface Type: N/A

School Information

Elementary School: N/A
Middle School: N/A
High School: N/A

Listed by: Tim Johnson • Lantern Bay Realty

Mls Name: CRMLS

Mls ID: #OC25218713

525 E Seaside Way UNIT 1203,Long Beach,CA,90802

Nearby investment properties with comparable rents

Nearby investment properties with comparable prices

Ziffy AI Summary

Investment Highlights

More details about the property

Neighborhood Data

Housing Distribution

Housing Statistics

Housing Distribution

Address Breakdown

Price History

Tax History

Nearby investment properties with comparable rents

Nearby investment properties with comparable prices

Facts & Features

General Information

Features & Amenities

Location

HOA & Fees

Utilities

School Information

525 E Seaside Way UNIT 1203Long BeachCA90802