15906 Alta Vista Dr UNIT E, La Mirada, CA, 90638 | 7.07% Rental Yield

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15906 Alta Vista Dr UNIT E, La Mirada, CA, 90638 | 7.07% Rental Yield | Ziffy

For Sale

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Rental property for sale in La Mirada at 15906 Alta Vista Dr UNIT E, La Mirada, CA, 90638 generates $2,882/mo in rent, after a $2,393/mo payment. Total monthly income is $2,882/mo. Return on cash invested sits at 18.85% in year one, and rental yield is 7.07% on a $489,000 entry. Equity gained on principal adds $3,155/yr, while 5% annual appreciation builds toward $135,102 over five years. Five-year ROI reaches 97.18% and total cumulative return in cash sums $157,534. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,882/mo property income rather than buyer’s personal income.

Condo

Built in 1973

2.88 Acres lot

$N/A/sqft

No HOA

More details about the property

Ground-floor home with no stairs in the highly desirable La Mirada Landmark 55+ community with 24-hour security. This charming home features 1 bedroom and 1 bathroom with a spacious living room and dining area. The extra-large bedroom features direct access to the bathroom and two generous closets. A peaceful patio opens directly to the outside green, creating a serene and private settingperfect for relaxing or enjoying evening strolls. Upgrades throughout include granite countertops, closet doors, and updated bathrooms. The Landmark community provides resort-style amenities such as a clubhouse, recreation room, gym, craft rooms, library, tennis courts, swimming pool, and more. Residents can also enjoy the beautiful park-like grounds, which feature walking paths throughout the neighborhood. Walking distance to La Mirada golf course, with convenience to markets, shipping, and restaurants etc.

Neighborhood Data

Neighborhood data shown for ZIP Code: 90638, La Mirada, CA area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	15,509 (100%)
Owner Occupied HU	11,667 (75.2%)
Renter Occupied HU	3,462 (22.3%)
Vacant Housing Units	380 ( 2.5%)
Median Home Value	$831,241
Average Home Value	$862,187