801 Pine Ave UNIT 102, Long Beach, CA, 90813 | 6.72% Rental Yield

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801 Pine Ave UNIT 102, Long Beach, CA, 90813 | 6.72% 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

Rental property for sale in Long Beach at 801 Pine Ave UNIT 102, Long Beach, CA, 90813 generates $2,742/mo in rent, after a $2,398/mo payment. Total monthly income is $2,742/mo. Return on cash invested sits at 17.77% in year one, and rental yield is 6.72% on a $490,000 entry. Equity gained on principal adds $3,162/yr, while 5% annual appreciation builds toward $135,378 over five years. Five-year ROI reaches 91.41% and total cumulative return in cash sums $148,488. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,742/mo property income rather than buyer’s personal income.

Condo

Built in 1990

0.49 Acres lot

$N/A/sqft

No HOA

More details about the property

Lovely 2-bedroom, 2-bathroom condo featuring 2 dedicated tandem parking spaces, in-unit full-size laundry, and central heating and air conditioning. Designed with a thoughtful floor plan, this home offers beautiful vinyl plank flooring throughout and an open-concept living room with a gas fireplace, modern light fixtures, and double sliding doors that open to a private patio. The dining area features an architectural ceiling detail and a convenient pass-through to the kitchen. The updated and functional kitchen includes ample cabinetry, quartz countertops, an oversized stainless-steel sink and appliances, a pantry, and a cozy breakfast nook overlooking the tranquil courtyard. The primary suite features a large walk-in closet and a beautiful en-suite bathroom with a quartz vanity, shower/tub combo, and tile flooring. The nicely sized second bedroom offers pleasant courtyard views, a double-slider closet, and convenient access to additional hallway storage and a remodeled full bathroom. Additional highlights include extra storage space, a pet-friendly and controlled access building, a lushly landscaped courtyard with a fountain, a rooftop deck perfect for enjoying California sunsets and Fourth of July fireworks, a community room, and secure bike parking. Located in the heart of downtown Long Beach, youll be just moments from Pine Avenue, Shoreline Village, The Pike, the Aquarium of the Pacific, the Metro, and enjoy easy freeway access for commuting. Monthly HOA dues of $434 include water, trash, and sewer.

Neighborhood Data

Neighborhood data shown for ZIP Code: 90813, Long Beach, CA area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	18,301 (100%)
Owner Occupied HU	2,253 (12.3%)
Renter Occupied HU	15,089 (82.4%)
Vacant Housing Units	959 ( 5.2%)
Median Home Value	$671,613
Average Home Value	$711,246