240 E Gage AveLos AngelesCA90003
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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
Rental property for sale in Los Angeles at 240 E Gage Ave, Los Angeles, CA, 90003 offers $4,596/mo rent that, after a $3,328/mo payment, leaves $390/mo cash flow. Total monthly income is $4,596/mo, and annual cash flow is $4,678/yr on $223,683 cash. Return on cash invested measures 22.15% in year one, and rental yield stands at 8.11% at a $679,888 entry. Equity gained on principal adds $4,387/yr while 5% annual appreciation compounds into $187,841 by year five. Five-year ROI records 114.83% and total cumulative return in cash reaches $256,849. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $4,596/mo property income versus a $3,328/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1911
4,932 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 90003, Los Angeles, CA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 17,933 (100%) |
| Owner Occupied HU | 5,267 (29.4%) |
| Renter Occupied HU | 11,912 (66.4%) |
| Vacant Housing Units | 754 ( 4.2%) |
| Median Home Value | $624,005 |
| Average Home Value | $701,404 |
Housing Distribution
Address Breakdown
Residential
18,164
Single Family
14,509
Multi-Family
3,655
Businesses
1,640
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Nearby investment properties with comparable prices
Listed by: Alonso Rodriguez • New Century Homes
Mls Name: CRMLS
Mls ID: #TR25127971