817 Mira Mar AveLong BeachCA90804
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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 817 Mira Mar Ave, Long Beach, CA, 90804 offers a 2.26% rental yield on a $1,690,000 purchase with $3,188/mo rent. 44% in year one. Equity gained on principal adds $10,905/yr while 5% annual appreciation supports $466,916 over five years. Portfolio math shows five-year ROI at 19.82% and total cumulative return in cash at $108,504. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $3,188/mo property income against a $8,272/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Multi Family
Built in 1961
5,881 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 90804, Long Beach, CA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 15,850 (100%) |
| Owner Occupied HU | 3,067 (19.4%) |
| Renter Occupied HU | 12,011 (75.8%) |
| Vacant Housing Units | 772 ( 4.9%) |
| Median Home Value | $796,806 |
| Average Home Value | $838,697 |
Housing Distribution
Address Breakdown
Residential
15,570
Single Family
6,201
Multi-Family
9,369
Businesses
1,143
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Listed by: Christopher Van Vuuren • Lyon Stahl Investment Real Estate, Inc.
Mls Name: CRMLS
Mls ID: #SB25149509