5585 E Pacific Coast Hwy UNIT 161Long BeachCA90804
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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 5585 E Pacific Coast Hwy UNIT 161, Long Beach, CA, 90804 uses $119,009 cash to close to unlock $2,955/yr annual cash flow and $246/mo monthly cash flow. Total monthly income runs $2,467/mo, and a $1,757/mo payment keeps the spread at $246/mo. Purchase price stands at $359,000, and rental yield measures 8.25% with $2,467/mo rent. Return on cash invested shows 22.39% in year one, and 5% annual appreciation builds toward $99,185 over five years. Five-year ROI reaches 116.18% and total cumulative return in cash records $138,259. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,467/mo property income covering a $1,757/mo payment rather than investor’s personal income.
Condo
Built in 1970
3.39 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 90804, Long Beach, CA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 15,850 (100%) |
| Owner Occupied HU | 3,067 (19.4%) |
| Renter Occupied HU | 12,011 (75.8%) |
| Vacant Housing Units | 772 ( 4.9%) |
| Median Home Value | $796,806 |
| Average Home Value | $838,697 |
Housing Distribution
Address Breakdown
Residential
15,570
Single Family
6,201
Multi-Family
9,369
Businesses
1,143
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Listed by: Susan Foley • Buckingham Investments, Inc
Mls Name: CRMLS
Mls ID: #SB25143339