817 E New York St, Long Beach, CA, 90813 | 3.44% Rental Yield

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817 E New York St, Long Beach, CA, 90813 | 3.44% Rental Yield | Ziffy

For Sale

Rental Income

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 817 E New York St, Long Beach, CA, 90813 generates $3,581/mo in rent, after a $6,118/mo payment. Total monthly income is $3,581/mo. Return on cash invested sits at 8.07% in year one, and rental yield is 3.44% on a $1,250,000 entry. Equity gained on principal adds $8,066/yr, while 5% annual appreciation builds toward $345,352 over five years. Five-year ROI reaches 39.25% and total cumulative return in cash sums $158,953. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,581/mo property income rather than buyer’s personal income.

Multi Family

Built in 1922

6,802 sqft lot

$N/A/sqft

No HOA

More details about the property

817 E New York St presents a rare opportunity to acquire a 4-unit multifamily property in prime North Long Beach. Built in 1922, the asset consists of three separate buildings totaling 3,076 rentable square feet on a 6,802 square foot lot. The unit mix includes (1) 1-bed/1-bath and (3) 2-bed/1-bath units, offering strong rental appeal. Two of the 2-bed/1-bath units have been newly renovatedproviding an excellent owner-user opportunity or the ability to immediately capture market rents. At just $312,000 per unit, the property offers a low cost of entry and compelling fundamentals with a 4.97% CAP rate and 12.90 GRM on in-place income. Off-street parking is available for tenants, a valuable feature in this dense rental corridor. Centrally located with convenient access to the 91 and 710 freeways, 817 E New York St benefits from North Long Beachs steady population growth, ongoing infrastructure investment, and strong housing demand. For investors seeking day-one cash flow with clear upside potential, this is a highly attractive opportunity in one of Long Beachs most active rental markets.

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