1240 N Spaulding AveWest HollywoodCA90046
INVESTMENT ANALYSIS
Investment Verdict
Income-ProducingFor first-time U.S. investors or those diversifying conservatively, 1240 N Spaulding Ave, West Hollywood, CA, 90046 in West Hollywood offers a clean, manageable entry. Rental yield 6.94%. DSCR 1.29 qualifies for Ziffy Mortgage's no-W2 mortgage for non-U.S. residents. Long-term: 5% annual appreciation projects $276,005 in additional property value over five years, with $9,201/yr in principal equity building ownership stake. Total projected cumulative return: $353,066.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 6.9% | 5.5% |
| Monthly Cash Flow | $(400) | $1,500 |
City averages based on West Hollywood market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $5,780 |
| Total Monthly Debt Service | $5,783 |
| DSCR Ratio | 1.00x |
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.
Single Family
Built in 1922
1,237 sqft 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
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
Single Family
Built in 1922
1,237 sqft 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: N/A • N/A
Mls Name: CLAW
Mls ID: #26661139