1016 W 24th StLos AngelesCA90007
INVESTMENT ANALYSIS
Investment Verdict
Appreciation PlayInvestment property for sale in Los Angeles at 1016 W 24th St, Los Angeles, CA, 90007 projects strong ROI of -1.18%. Rental yield 0.69%. With 5% annual appreciation, the property builds $1,381,408 in value over five years. Equity growth combined delivers a projected five-year ROI of 6.42%, translating into $90,677 in total cumulative return on $1,412,500 invested capital. You can finance this property with Ziffy Mortgage’s DSCR loan, which leverages the property’s income for qualification rather than your personal income.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 0.7% | 4.1% |
| Monthly Cash Flow | $(28,052) | $1,850 |
City averages based on Los Angeles market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $2,879 |
| Total Monthly Debt Service | $28,941 |
| DSCR Ratio | 0.10x |
Ziffy Mortgage typically prefers a DSCR of 1.0+, but in some cases you may qualify with a DSCR below 1. To explore if this deal qualifies for an investment mortgage, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Multi Family
Built in 1964
7,225 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 90007, Los Angeles, CA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 15,820 (100%) |
| Owner Occupied HU | 1,382 ( 8.7%) |
| Renter Occupied HU | 12,719 (80.4%) |
| Vacant Housing Units | 1,719 (10.9%) |
| Median Home Value | $885,961 |
| Average Home Value | $934,153 |
Housing Distribution
Address Breakdown
Residential
14,793
Single Family
6,083
Multi-Family
8,710
Businesses
1,440
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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
Multi Family
Built in 1964
7,225 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 90007, Los Angeles, CA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 15,820 (100%) |
| Owner Occupied HU | 1,382 ( 8.7%) |
| Renter Occupied HU | 12,719 (80.4%) |
| Vacant Housing Units | 1,719 (10.9%) |
| Median Home Value | $885,961 |
| Average Home Value | $934,153 |
Housing Distribution
Address Breakdown
Residential
14,793
Single Family
6,083
Multi-Family
8,710
Businesses
1,440
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Ivette Bertin • Luxury Collective
Mls Name: CRMLS
Mls ID: #SR25188061