1147 24th St #A-BSanta MonicaCA90403
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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
Rental property for sale in Santa Monica at 1147 24th St #A-B, Santa Monica, CA, 90403 generates $8,394/mo in rent and, after a $5,869/mo payment, leaves $976/mo in cash flow. Total monthly income is $8,394/mo, and annual cash flow is $11,715/yr on $388,476 invested. Return on cash invested sits at 23.39% in year one, and rental yield is 8.4% on a $1,199,000 entry. Equity gained on principal adds $7,737/yr, while 5% annual appreciation builds toward $331,262 over five years. Five-year ROI reaches 121.39% and total cumulative return in cash sums $471,573. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $8,394/mo property income rather than buyer’s personal income.
Multi Family
Built in 1937
6,211 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 90403, Santa Monica, CA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 14,536 (100%) |
| Owner Occupied HU | 3,137 (21.6%) |
| Renter Occupied HU | 9,979 (68.7%) |
| Vacant Housing Units | 1,420 ( 9.8%) |
| Median Home Value | $1,743,844 |
| Average Home Value | $1,682,748 |
Housing Distribution
Address Breakdown
Residential
14,810
Single Family
3,037
Multi-Family
11,773
Businesses
911
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Listed by: Orit Gadish • Geffen Real Estate
Mls Name: CLAW
Mls ID: #25567217