1496 Las Lunas StPasadenaCA91106
INVESTMENT ANALYSIS
Investment Verdict
Appreciation PlayNot all U.S. investment properties are valued for current income. 1496 Las Lunas St, Pasadena, CA, 91106 in Pasadena at $1,399,900, 5.56% gross yield, is a market-growth asset. Rental yield 5.56%. The $6,492/mo rent partially funds the $6,295/mo debt service; the core return is the 5%/yr price growth projected to add $386,767 over five years. Ziffy Mortgage's DSCR mortgage (1.03) provides financing for foreign nationals without domestic income checks. A 30–35% down payment often produces the cleanest coverage for low-yield properties. Total five-year return: $391,267.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 5.6% | 5.0% |
| Monthly Cash Flow | $(2,168) | $300 |
City averages based on Pasadena market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $6,492 |
| Total Monthly Debt Service | $8,103 |
| DSCR Ratio | 0.80x |
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
6,004 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 91106, Pasadena, CA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,390 (100%) |
| Owner Occupied HU | 3,817 (33.5%) |
| Renter Occupied HU | 6,904 (60.6%) |
| Vacant Housing Units | 669 ( 5.9%) |
| Median Home Value | $1,177,838 |
| Average Home Value | $1,342,656 |
Housing Distribution
Address Breakdown
Residential
11,650
Single Family
5,273
Multi-Family
6,377
Businesses
910
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
6,004 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 91106, Pasadena, CA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,390 (100%) |
| Owner Occupied HU | 3,817 (33.5%) |
| Renter Occupied HU | 6,904 (60.6%) |
| Vacant Housing Units | 669 ( 5.9%) |
| Median Home Value | $1,177,838 |
| Average Home Value | $1,342,656 |
Housing Distribution
Address Breakdown
Residential
11,650
Single Family
5,273
Multi-Family
6,377
Businesses
910
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Matthew Helganz • Meridian Capital Realty
Mls Name: CRMLS
Mls ID: #P1-23838