1440 Veteran Ave APT 531Los 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 1440 Veteran Ave APT 531, Los Angeles, CA, 90024 uses $197,071 cash to close to unlock $3,147/yr annual cash flow and $262/mo monthly cash flow. Total monthly income runs $3,968/mo, and a $2,932/mo payment keeps the spread at $262/mo. Purchase price stands at $599,000, and rental yield measures 7.95% with $3,968/mo rent. Return on cash invested shows 21.66% in year one, and 5% annual appreciation builds toward $165,493 over five years. Five-year ROI reaches 112.19% and total cumulative return in cash records $221,098. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,968/mo property income covering a $2,932/mo payment rather than investor’s personal income.
Condo
Built in 1972
2.22 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: Chad Lund • Douglas Elliman
Mls Name: CLAW
Mls ID: #26644889