718 S Catalina Ave APT 4Redondo BeachCA90277
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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 Redondo Beach at 718 S Catalina Ave APT 4, Redondo Beach, CA, 90277 generates $6,811/mo in rent, after a $8,316/mo payment. Total monthly income is $6,811/mo. Return on cash invested sits at 12.31% in year one, and rental yield is 4.81% on a $1,699,000 entry. Equity gained on principal adds $10,963/yr, while 5% annual appreciation builds toward $469,402 over five years. Five-year ROI reaches 61.96% and total cumulative return in cash sums $341,093. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $6,811/mo property income rather than buyer’s personal income.
Condo
Built in 1979
0.43 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 90277, Redondo Beach, CA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 17,815 (100%) |
| Owner Occupied HU | 7,737 (43.4%) |
| Renter Occupied HU | 8,952 (50.2%) |
| Vacant Housing Units | 1,126 ( 6.3%) |
| Median Home Value | $1,456,087 |
| Average Home Value | $1,522,751 |
Housing Distribution
Address Breakdown
Residential
18,022
Single Family
8,500
Multi-Family
9,522
Businesses
1,826
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Listed by: Eric Fonoimoana • Compass
Mls Name: CRMLS
Mls ID: #SB25276655