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Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
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A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
Investment property for sale in Harbor City at 1611 247th Pl, Harbor City, CA, 90710 offers a 9.75% rental yield on a $775,000 purchase with $6,299/mo rent. Total monthly income registers $6,299/mo, and a $3,793/mo payment leaves $1,448/mo available for distribution. Annual cash flow reaches $17,377/yr on $254,975 to close, and return on cash invested stands at 26.88% in year one. Equity gained on principal adds $5,001/yr while 5% annual appreciation supports $214,118 over five years. Portfolio math shows five-year ROI at 140.27% and total cumulative return in cash at $357,655. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $6,299/mo property income against a $3,793/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1951
5,501 sqft lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 90710, Harbor City, CA area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,786 (100%) |
| Owner Occupied HU | 5,202 (53.2%) |
| Renter Occupied HU | 4,240 (43.3%) |
| Vacant Housing Units | 344 ( 3.5%) |
| Median Home Value | $767,599 |
| Average Home Value | $735,332 |
Residential
9,118
Single Family
5,544
Multi-Family
3,574
Businesses
666
Date | Event | Price |
|---|---|---|
| 2024-06-21 | Listing removed | N/A |
| 2024-05-29 | Listed for sale | $775,000 |
| 2022-08-30 | Sold | $630,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-08-15 | $6494.82 | -32.18% | $504,521 | -35.68% |
| 2022-08-15 | $9576.61 | 19.14% | $784,400 | 21.05% |
| 2021-08-15 | $8038.26 | 14.16% | $648,000 | 17.46% |
Listed by: Marcy Hokama • Great Castle Properties
Mls Name: CLAW
Mls Provider:
Mls ID: #24-396241
Disclaimer: 2024 The MLS - Combined L.A. Westside MLS (CLAW). All rights reserved. Based on information from The MLS - Combined L.A. Westside MLS (CLAW as of 2024-01-24 14:45:40 PST. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.
