3008 2nd St #1/2Los AngelesCA90057
INVESTMENT ANALYSIS
Investment Verdict
Solid IncomeReliable, bankable, and well-priced, 3008 2nd St #1/2, Los Angeles, CA, 90057 in Los Angeles delivers $3,817/mo in gross rent and $389/mo in net monthly income at a $499,000 entry. The 9.18% yield and 1.70 DSCR make it a clean candidate for Ziffy Mortgage's DSCR loan; no W-2s or U.S. credit history required. With 5% annual appreciation projecting $137,865 over five years and $4,596/yr in equity from loan paydown, total projected return is $215,747.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 9.2% | 4.1% |
| Monthly Cash Flow | $389 | $1,850 |
City averages based on Los Angeles market data in our database. Property projections are estimates.
DSCR Rental Loan Qualification
Qualifies using the property's rental income, not your personal income.
- ✓No W-2, pay stubs, or tax returns needed
- ✓Rental income qualifies you
- ✓Built for real estate investors
| Monthly Rental Income | $3,817 |
| Total Monthly Debt Service | $3,229 |
| DSCR Ratio | 1.18x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, 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.
Condo
Built in 1922
0.33 Acres lot
$N/A/sqft
$341 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 90057, Los Angeles, CA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 17,795 (100%) |
| Owner Occupied HU | 580 ( 3.3%) |
| Renter Occupied HU | 15,824 (88.9%) |
| Vacant Housing Units | 1,391 ( 7.8%) |
| Median Home Value | $718,006 |
| Average Home Value | $794,030 |
Housing Distribution
Address Breakdown
Residential
16,869
Single Family
1,829
Multi-Family
15,040
Businesses
1,398
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
Condo
Built in 1922
0.33 Acres lot
$N/A/sqft
$341 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 90057, Los Angeles, CA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 17,795 (100%) |
| Owner Occupied HU | 580 ( 3.3%) |
| Renter Occupied HU | 15,824 (88.9%) |
| Vacant Housing Units | 1,391 ( 7.8%) |
| Median Home Value | $718,006 |
| Average Home Value | $794,030 |
Housing Distribution
Address Breakdown
Residential
16,869
Single Family
1,829
Multi-Family
15,040
Businesses
1,398
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices