2429 E 3rd StLos AngelesCA90033
INVESTMENT ANALYSIS
Investment Verdict
Appreciation PlayAt a 2.16% gross rental yield, 2429 E 3rd St, Los Angeles, CA, 90033 in Los Angeles is priced for capital growth, not immediate cash flow. The $1,299,999 purchase reflects market confidence in future value: at 5%/yr, the property is forecast to gain $359,166 by year five, with $11,973/yr in additional equity from loan paydown. Ziffy Mortgage's DSCR mortgage (0.40) qualifies for non-U.S. residents without personal income documents. Total five-year projected cumulative return: $125,902.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 2.2% | 4.1% |
| Monthly Cash Flow | $(5,703) | $1,850 |
City averages based on Los Angeles market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $2,339 |
| Total Monthly Debt Service | $7,525 |
| DSCR Ratio | 0.31x |
Ziffy Mortgage typically prefers a DSCR of 1.0+, but in some cases you may qualify with a DSCR below 1. To explore if this deal qualifies for an investment mortgage, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Multi Family
Built in 1898
10,217 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 90033, Los Angeles, CA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,884 (100%) |
| Owner Occupied HU | 2,284 (16.5%) |
| Renter Occupied HU | 10,928 (78.7%) |
| Vacant Housing Units | 672 ( 4.8%) |
| Median Home Value | $739,570 |
| Average Home Value | $772,067 |
Housing Distribution
Address Breakdown
Residential
13,145
Single Family
8,992
Multi-Family
4,153
Businesses
1,163
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
Multi Family
Built in 1898
10,217 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 90033, Los Angeles, CA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,884 (100%) |
| Owner Occupied HU | 2,284 (16.5%) |
| Renter Occupied HU | 10,928 (78.7%) |
| Vacant Housing Units | 672 ( 4.8%) |
| Median Home Value | $739,570 |
| Average Home Value | $772,067 |
Housing Distribution
Address Breakdown
Residential
13,145
Single Family
8,992
Multi-Family
4,153
Businesses
1,163
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Danny Navarro • Century 21 Allstars
Mls Name: CRMLS
Mls ID: #DW26019372