1140 N Formosa Ave #1West HollywoodCA90046
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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
Total monthly income runs $6,010/mo, and a $6,353/mo payment. Purchase price stands at $1,298,000, and rental yield measures 5.56% with $6,010/mo rent. Return on cash invested shows 14.61% in year one, and 5% annual appreciation builds toward $358,613 over five years. Five-year ROI reaches 74.31% and total cumulative return in cash records $312,515. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $6,010/mo property income covering a $6,353/mo payment rather than investor’s personal income.
Condo
Built in 2008
0.31 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 90046, Los Angeles, CA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 32,369 (100%) |
| Owner Occupied HU | 6,823 (21.1%) |
| Renter Occupied HU | 22,845 (70.6%) |
| Vacant Housing Units | 2,701 ( 8.3%) |
| Median Home Value | $1,601,959 |
| Average Home Value | $1,573,408 |
Housing Distribution
Address Breakdown
Residential
30,965
Single Family
9,943
Multi-Family
21,022
Businesses
1,699
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Listed by: Stefani Schmacker 'Stolper' • The Beverly Hills Estates
Mls Name: CLAW
Mls ID: #25552127