838 Pine Ave UNIT 211Long BeachCA90813
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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 838 Pine Ave UNIT 211, Long Beach, CA, 90813 uses $165,717 cash to close to unlock $7,215/yr annual cash flow and $601/mo monthly cash flow. Total monthly income runs $3,694/mo, and a $2,447/mo payment keeps the spread at $601/mo. Purchase price stands at $499,900, and rental yield measures 8.87% with $3,694/mo rent. Return on cash invested shows 24.26% in year one, and 5% annual appreciation builds toward $138,113 over five years. Five-year ROI reaches 126.2% and total cumulative return in cash records $209,136. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,694/mo property income covering a $2,447/mo payment rather than investor’s personal income.
Condo
Built in 1998
0.70 Acres lot
$N/A/sqft
No HOA
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 |
Housing Distribution
Address Breakdown
Residential
18,765
Single Family
8,305
Multi-Family
10,460
Businesses
1,622
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Listed by: Kelli Vanevenhoven • COLDWELL BANKER BLACKSTONE RTY
Mls Name: CRMLS
Mls ID: #CV25220185