5585 E Pacific Coast Hwy UNIT 232Long 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
Rental property for sale in Long Beach at 5585 E Pacific Coast Hwy UNIT 232, Long Beach, CA, 90804 generates $2,436/mo in rent and, after a $1,835/mo payment, leaves $117/mo in cash flow. Total monthly income is $2,436/mo, and annual cash flow is $1,399/yr on $124,313 invested. Return on cash invested sits at 21.03% in year one, and rental yield is 7.8% on a $375,000 entry. Equity gained on principal adds $2,420/yr, while 5% annual appreciation builds toward $103,606 over five years. Five-year ROI reaches 108.88% and total cumulative return in cash sums $135,351. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,436/mo property income rather than buyer’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: Scott Minshall • Keller Williams Realty
Mls Name: CRMLS
Mls ID: #PW25145236