2354 Ocean AveVeniceCA90291
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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
Rental property for sale in Venice at 2354 Ocean Ave, Venice, CA, 90291 generates $5,705/mo in rent, after a $8,262/mo payment. Total monthly income is $5,705/mo. Return on cash invested sits at 9.98% in year one, and rental yield is 4.06% on a $1,688,000 entry. Equity gained on principal adds $10,892/yr, while 5% annual appreciation builds toward $466,363 over five years. Five-year ROI reaches 49.47% and total cumulative return in cash sums $270,560. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $5,705/mo property income rather than buyer’s personal income.
Single Family
Built in 1921
2,705 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 90291, Venice, CA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 16,662 (100%) |
| Owner Occupied HU | 4,668 (28.0%) |
| Renter Occupied HU | 10,056 (60.4%) |
| Vacant Housing Units | 1,938 (11.6%) |
| Median Home Value | $1,996,664 |
| Average Home Value | $1,825,395 |
Housing Distribution
Address Breakdown
Residential
15,689
Single Family
9,601
Multi-Family
6,088
Businesses
1,190
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Listed by: Charles Cohen • Keller Williams Los Angeles
Mls Name: CLAW
Mls ID: #25582171