850 E Ocean Blvd UNIT 413, Long Beach, CA, 90802 | 7.23% Rental Yield

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850 E Ocean Blvd UNIT 413, Long Beach, CA, 90802 | 7.23% Rental Yield | Ziffy

For Sale

Fix & Flip

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

Investment property for sale in Long Beach at 850 E Ocean Blvd UNIT 413, Long Beach, CA, 90802 at $575,000 posts ROI 19.46% with from $3,462/mo rent. Total monthly income equals $3,462/mo. Return on cash invested measures 19.46% and rental yield reads 7.23% at the current $575,000. Equity gained on principal adds $3,710/yr, and 5% annual appreciation supports $158,862 by year five. Five-year ROI prints 100.41% and total cumulative return in cash totals $189,947. You can finance with Ziffy Mortgage’s DSCR loan, which relies on $3,462/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).

Condo

Built in 1992

1.59 Acres lot

$N/A/sqft

No HOA

More details about the property

Luxury Beachfront Living This Rare Opportunity Wont Last! Wake up to the ocean breeze and breathtaking city views in this highly sought-after beachfront condo at The Pacificone of the most prestigious buildings in Alamitos Beach! This stunning 1-bedroom, 1-bathroom home on the 4th floor is move-in ready and priced to sell fast! Key Features Youll Love: Prime Beachfront Location Steps from the sand, Marina, and Queen Mary Two Private Balconies Enjoy panoramic city views & fresh ocean air Gourmet Kitchen Quartz countertops, farmhouse sink, stainless steel appliances & soft-close cabinets Spa-Inspired Bathroom Luxurious walk-in shower for ultimate relaxation Spacious Living Area Perfect for dining & an office nook, flooded with natural light Primary Suite Retreat Walk-in closet & balcony access for peaceful evenings Modern Upgrades Luxury vinyl flooring, fresh paint, and in-unit stacked washer/dryer TWO Assigned Parking Spaces A rare bonus in beachfront living Resort-Style Amenities: Sparkling pool & spa State-of-the-art gym BBQ area & clubhouse with panoramic ocean views 24-hour security & direct beach access This is coastal living at its finestperfect as a primary residence, vacation getaway, or investment property. Homes in this building dont stay on the market for long! Schedule your private showing today before its gone!

Neighborhood Data

Neighborhood data shown for ZIP Code: 90802, Long Beach, CA area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	26,306 (100%)
Owner Occupied HU	4,625 (17.6%)
Renter Occupied HU	19,014 (72.3%)
Vacant Housing Units	2,667 (10.1%)
Median Home Value	$758,455
Average Home Value	$819,112