535 Ocean Ave UNIT 1CSanta MonicaCA90402
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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
Total monthly income runs $5,788/mo, and a $7,342/mo payment. Purchase price stands at $1,500,000, and rental yield measures 4.63% with $5,788/mo rent. Return on cash invested shows 11.75% in year one, and 5% annual appreciation builds toward $414,422 over five years. Five-year ROI reaches 58.98% and total cumulative return in cash records $286,655. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $5,788/mo property income covering a $7,342/mo payment rather than investor’s personal income.
Condo
Built in 1963
0.52 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 90402, Santa Monica, CA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,114 (100%) |
| Owner Occupied HU | 3,335 (54.5%) |
| Renter Occupied HU | 2,085 (34.1%) |
| Vacant Housing Units | 694 (11.4%) |
| Median Home Value | $2,000,001 |
| Average Home Value | $2,050,430 |
Housing Distribution
Address Breakdown
Residential
5,554
Single Family
3,624
Multi-Family
1,930
Businesses
97
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Listed by: Chris Hicks • The Agency
Mls Name: CLAW
Mls ID: #25609637