1602 Michael LnPacific PalisadesCA90272
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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 Pacific Palisades at 1602 Michael Ln, Pacific Palisades, CA, 90272 listed at $1,495,000 pairs $5,731/mo rent with a $7,317/mo payment. Total monthly income runs $5,731/mo. Return on cash invested measures 11.66% in year one, and rental yield registers 4.6% at a $1,495,000 basis. Equity gained on principal adds $9,647/yr, and annual property appreciation at 5% supports $413,041 by year five. Five-year ROI tracks 58.48% and total cumulative return in cash totals $283,273. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $5,731/mo property income relative to a $7,317/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Condo
Built in 1979
9.19 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 90272, Pacific Palisades, CA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,060 (100%) |
| Owner Occupied HU | 3,760 (74.3%) |
| Renter Occupied HU | 901 (17.8%) |
| Vacant Housing Units | 399 ( 7.9%) |
| Median Home Value | $2,000,001 |
| Average Home Value | $1,931,805 |
Housing Distribution
Address Breakdown
Residential
9,351
Single Family
8,043
Multi-Family
1,308
Businesses
804
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Listed by: Michael Edlen • Coldwell Banker Realty
Mls Name: CLAW
Mls ID: #25618761