1617 261st St, Harbor City, CA, 90710 | 7.19% Rental Yield

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1617 261st St, Harbor City, CA, 90710 | 7.19% 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

Total monthly income runs $5,872/mo, and a $4,797/mo payment. Purchase price stands at $980,000, and rental yield measures 7.19% with $5,872/mo rent. Return on cash invested shows 19.35% in year one, and 5% annual appreciation builds toward $270,756 over five years. Five-year ROI reaches 99.81% and total cumulative return in cash records $321,816. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $5,872/mo property income covering a $4,797/mo payment rather than investor’s personal income.

Single Family

Built in 1948

8,928 sqft lot

$N/A/sqft

No HOA

More details about the property

Very nice spacious single family one Level home. Zoned R3. Build up to eleven condos or apartments verified by the city of Los Angeles Planning Division. Check with city to verify. However there is other condos close to this property similar in lot size. Buyer to do their own due diligence. The outside yard has several fruit trees, grape, guava and lime. Walking through the entrance find a spacious area for dining or office. To the left there is a nice bedroom and another bedroom suitable for the master bedroom. Just past the kitchen there is a a full bath and then a large family room with fire place and a nice walk in closet. Walking through the kitchen that is spacious with many cabinets find another full bathroom and two more bedrooms. Going outside through the kitchen find a large rear yard with a porch,a built in barbecue and To the right there is a large two car garage. Property needs some care.

Neighborhood Data

Neighborhood data shown for ZIP Code: 90710, Harbor City, CA area.

Housing Distribution

Housing Statistics

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