








A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |


Investment property for sale in Long Beach at 645 Chestnut Ave APT 202, Long Beach, CA, 90802 offers a 7.82% rental yield on a $529,800 purchase with $3,454/mo rent. Total monthly income registers $3,454/mo, and a $2,593/mo payment leaves $177/mo available for distribution. Annual cash flow reaches $2,120/yr on $174,304 to close, and return on cash invested stands at 21.28% in year one. Equity gained on principal adds $3,419/yr while 5% annual appreciation supports $146,374 over five years. Portfolio math shows five-year ROI at 110.15% and total cumulative return in cash at $191,992. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $3,454/mo property income against a $2,593/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Apartment
Built in 1986
0.71 Acres lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 90802, Long Beach, CA area.
| 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 |
Residential
24,092
Single Family
4,920
Multi-Family
19,172
Businesses
1,599
Date | Event | Price |
|---|---|---|
| 2025-07-24 | Listing removed | $2,950 |
| 2025-07-19 | Price change | $2,950 |
| 2025-07-14 | Listed for rent | $3,100 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-10-12 | $2534.53 | 1.78% | $184,640 | 2.00% |
| 2023-10-12 | $2490.26 | 6.40% | $181,021 | 2.00% |
| 2022-10-12 | $2340.43 | 2.26% | $177,473 | 2.00% |



Listed by: N/A • N/A
Mls Name: Zillow Rentals
Mls ID: #N/A