545 Chestnut Ave APT 207Long BeachCA90802
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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 Long Beach at 545 Chestnut Ave APT 207, Long Beach, CA, 90802 offers a 8.98% rental yield on a $429,000 purchase with $3,212/mo rent. Total monthly income registers $3,212/mo, and a $2,100/mo payment leaves $558/mo available for distribution. Annual cash flow reaches $6,694/yr on $142,214 to close, and return on cash invested stands at 24.62% in year one. Equity gained on principal adds $2,768/yr while 5% annual appreciation supports $118,525 over five years. Portfolio math shows five-year ROI at 128.07% and total cumulative return in cash at $182,137. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $3,212/mo property income against a $2,100/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 1972
0.47 Acres lot
$N/A/sqft
No HOA
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
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Listed by: Tamara Nimeh • Circa Properties, Inc.
Mls Name: CRMLS
Mls ID: #PW26000112