869 Magnolia Ave, Long Beach, CA, 90813 | $226/mo Cash Flow

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Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

Home Type: Single Family

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869 Magnolia Ave, Long Beach, CA, 90813 | $226/mo Cash Flow | 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 869 Magnolia Ave, Long Beach, CA, 90813 generates $3,319/mo in rent and, after a $2,447/mo payment, leaves $226/mo in cash flow. Total monthly income is $3,319/mo, and annual cash flow is $2,715/yr on $165,717 invested. Return on cash invested sits at 21.55% in year one, and rental yield is 7.97% on a $499,900 entry. Equity gained on principal adds $3,226/yr, while 5% annual appreciation builds toward $138,113 over five years. Five-year ROI reaches 111.64% and total cumulative return in cash sums $185,004. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,319/mo property income rather than buyer’s personal income.

Condo

Built in 1991

0.76 Acres lot

$N/A/sqft

No HOA

More details about the property

Beautiful 2-bedroom, 3 bath townhouse with a 2-car attached garage located in a gated community of Long Beach. It all starts as you walk through the secure gates you will see a relaxing green belt with plenty of grass trees and a clubhouse. It's like having your own private park. This property offers a great open floor plan with wood flooring throughout the unit, a large living room with a cozy fireplace. Just adjacent you will see the dining area leading you into your gourmet kitchen with plenty cabinet space. As you walk upstairs you will see a spacious bedroom and a primary suit with vaulted ceilings, your own bathroom with tub and shower with plenty of closet space. This unit is a must see. Hurry this one won't last. This property is centrally located to restaurants, shopping, aquarium of the pacific, the Queen Mary, and Shore Line Village. Long Beach is known for its waterfront activities, easy freeway access and so much more that this beautiful city offers you.

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