640 Elm Ave APT 26Long 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 640 Elm Ave APT 26, Long Beach, CA, 90802 earns $1,087/mo cash flow from $3,624/mo rent with a $2,007/mo payment. Total monthly income totals $3,624/mo, and annual cash flow totals $13,049/yr on $135,915 capital. ROI tracks 29.51% on current figures, and rental yield reads 10.61% at a $410,000 purchase. Equity gained on principal adds $2,646/yr, and 5% annual appreciation supports $113,275 over five years. Five-year ROI reaches 154.34% and total cumulative return in cash sums $209,771. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $3,624/mo property income instead of your personal income.
Multi Family
Built in 1959
0.35 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: Annie Lozada • 4 Equestrian Property
Mls Name: CRMLS
Mls ID: #OC25167351