1701 Washington AveSanta MonicaCA90403
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
Investment Highlights
Investment property for sale in Santa Monica at 1701 Washington Ave, Santa Monica, CA, 90403 offers a 8.07% rental yield on a $729,000 purchase with $4,901/mo rent. Total monthly income registers $4,901/mo, and a $3,568/mo payment leaves $391/mo available for distribution. Annual cash flow reaches $4,696/yr on $239,841 to close, and return on cash invested stands at 22.02% in year one. Equity gained on principal adds $4,704/yr while 5% annual appreciation supports $201,409 over five years. Portfolio math shows five-year ROI at 114.13% and total cumulative return in cash at $273,720. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $4,901/mo property income against a $3,568/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 1948
7,514 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 90403, Santa Monica, CA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 14,536 (100%) |
| Owner Occupied HU | 3,137 (21.6%) |
| Renter Occupied HU | 9,979 (68.7%) |
| Vacant Housing Units | 1,420 ( 9.8%) |
| Median Home Value | $1,743,844 |
| Average Home Value | $1,682,748 |
Housing Distribution
Address Breakdown
Residential
14,810
Single Family
3,037
Multi-Family
11,773
Businesses
911
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Robert Puro • Douglas Elliman of California, Inc.
Mls Name: CLAW
Mls ID: #25611929