700 E Ocean Blvd UNIT 2406, Long Beach, CA, 90802 | 5.44% Rental Yield

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700 E Ocean Blvd UNIT 2406, Long Beach, CA, 90802 | 5.44% Rental Yield | Ziffy

For Sale

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Investment property for sale in Long Beach at 700 E Ocean Blvd UNIT 2406, Long Beach, CA, 90802 earns from $4,073/mo rent with a $4,400/mo payment. Total monthly income totals $4,073/mo. ROI tracks 14.02% on current figures, and rental yield reads 5.44% at a $899,000 purchase. Equity gained on principal adds $5,801/yr, and 5% annual appreciation supports $248,377 over five years. Five-year ROI reaches 71.24% and total cumulative return in cash sums $210,694. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $4,073/mo property income instead of your personal income.

Condo

Built in 1965

0.76 Acres lot

$N/A/sqft

No HOA

More details about the property

Welcome to the Famous International Tower located along the exclusive Ocean Blvd. in Long Beach. This mid century complex has been featured in Hollywood films. You can enjoy an unobstructed forever panoramic city, ocean, Catalina Island and Queen Mary views all the way to Palos Verdes to Newport Beach from your floor to ceiling windows. Located a short walk to Shoreline Village which offers restaurants and an abundances of boutique shops and entertainment. This stunning 24th floor residence offers many fantastic upgrades including laminate flooring through out, remodeled kitchen fit for a chef beautiful new cabinets, granite counter tops, stainless steel appliances, washer/dryer, remodeled bathrooms, closet organizers and much more. The wrap around balcony is a wonder place to just sit and relax and enjoy the sights. This building has been remodeled lobby, common area, gym, pool area. 24 hr guard service, onsite management, meeting rooms and much more. Tis 2 bedroom, 2 bathroom home is truly an entertainers home. LAST BUT NOT LEASE THIS COMES WITH 3 parking spaces

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