1300 Midvale Ave APT 408Los AngelesCA90024
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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
Investment property for sale in Los Angeles at 1300 Midvale Ave APT 408, Los Angeles, CA, 90024 offers a 9.59% rental yield on a $699,000 purchase with $5,585/mo rent. Total monthly income registers $5,585/mo, and a $3,421/mo payment leaves $1,261/mo available for distribution. Annual cash flow reaches $15,133/yr on $229,971 to close, and return on cash invested stands at 26.64% in year one. Equity gained on principal adds $4,511/yr while 5% annual appreciation supports $193,121 over five years. Portfolio math shows five-year ROI at 138.92% and total cumulative return in cash at $319,466. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $5,585/mo property income against a $3,421/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 1968
0.70 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 90024, Los Angeles, CA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 19,827 (100%) |
| Owner Occupied HU | 5,918 (29.8%) |
| Renter Occupied HU | 11,006 (55.5%) |
| Vacant Housing Units | 2,903 (14.6%) |
| Median Home Value | $1,788,433 |
| Average Home Value | $1,647,785 |
Housing Distribution
Address Breakdown
Residential
19,386
Single Family
3,874
Multi-Family
15,512
Businesses
1,782
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Listed by: Sam Araghi • Compass
Mls Name: CLAW
Mls ID: #25628523