Frontflip
Deals
My Reports
Get the iOS app
Invite
Settings
Login / Sign up
Deals
My Reports
17
Value up to $381K, rent climbs to $2,143
Updated 7 days ago • 2 new comps
Your Investment Paths
Turnkey Rental
This property shows excellent rental potential, with estimated monthly income ranging between $1,995 and $2,285. These figures reflect a solid market performance, positioning this unit as a competitive option for local long-term rental seekers. With a healthy projected annual yield of approximately 7.36%, this investment offers a stable opportunity for steady cash flow. The data suggests strong income consistency, making it a reliable choice for your real estate portfolio.
More about this home
Neighborhood Assessment
Alamitos Beach in Long Beach is a gem—half a block from the beach with killer walkability. You've got Ellie's Cafe right nearby, plus spots like Charm Siam, Blue Bird Sushi, and Qargo Coffee just blocks away. Schools are solid too: Stevenson Elementary (5/10) half a mile off, Franklin Middle (4/10), and Poly High (7/10) close by. Community perks like biking paths and sidewalks make it super livable. Comp condos nearby Zestimate ~$400K, this 643-sqft 1/1 at $349K lists competitively at $543/sqft—days on market show steady demand.
Market Activity
+ Ask a question in the app
Rental Income
$26K
Yield
7.4%
Year 1 Estimates
Fix-and-Flip
Updated homes in this neighborhood capture a higher price per square foot, jumping to approximately 574 dollars compared to the 531 dollar baseline. This represents an 8 percent increase in value, helping your property shine. These enhancements boost your home’s appeal, potentially raising your sell value toward 384,000 dollars. With steady rental demand, investing in modern finishes is a smart way to upgrade your lifestyle and maximize your future return.
Value Add
$28K
Post Typical Renovation
Buy-Rehab-Rent
This 643-square-foot condo offers solid potential with an after-renovation value estimated between $347,000 and $384,000. Capitalizing on the $43 per square foot value uplift through strategic renovations will effectively position this asset within the local market. Projected rental income hits $2,043 monthly, supporting a 6.7% yield. While this return is steady, investors must prioritize controlled renovation costs to ensure the equity spread remains healthy enough to support a successful refinance strategy.
Rental Income
$25K
Yield
6.7%
Year 1 Estimates, Post Typical Renovation
Estimated value
$349K
$32.3K below comp median
Comparative Market Analysis
$305K – $570K
~31 days to sell
Based on 8 comps
15 Cerritos Ave, Long Beach Investment Report: Flip & Rental Analysis · Frontflip