700 E Ocean Blvd UNIT 2607Long 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 700 E Ocean Blvd UNIT 2607, Long Beach, CA, 90802 earns from $3,083/mo rent with a $3,549/mo payment. Total monthly income totals $3,083/mo. ROI tracks 13% on current figures, and rental yield reads 5.1% at a $725,000 purchase. Equity gained on principal adds $4,678/yr, and 5% annual appreciation supports $200,304 over five years. Five-year ROI reaches 65.79% and total cumulative return in cash sums $156,917. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $3,083/mo property income instead of your personal income.
Condo
Built in 1965
N/A 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: Gretta Sheffer Minnema • Re/Max College Park Realty
Mls Name: CRMLS
Mls ID: #RS25249527