320 S Ardmore Ave APT 120Los AngelesCA90020
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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 Los Angeles at 320 S Ardmore Ave APT 120, Los Angeles, CA, 90020 generates $1,885/mo in rent, after a $1,542/mo payment. Total monthly income is $1,885/mo. Return on cash invested sits at 19.17% in year one, and rental yield is 7.18% on a $315,000 entry. Equity gained on principal adds $2,033/yr, while 5% annual appreciation builds toward $87,029 over five years. Five-year ROI reaches 98.94% and total cumulative return in cash sums $103,313. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,885/mo property income rather than buyer’s personal income.
Condo
Built in 1973
1.01 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 90020, Los Angeles, CA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 19,011 (100%) |
| Owner Occupied HU | 1,572 ( 8.3%) |
| Renter Occupied HU | 16,046 (84.4%) |
| Vacant Housing Units | 1,393 ( 7.3%) |
| Median Home Value | $962,466 |
| Average Home Value | $1,227,752 |
Housing Distribution
Address Breakdown
Residential
18,782
Single Family
1,625
Multi-Family
17,157
Businesses
1,441
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Listed by: Elijah Shin • Dream Realty & Investments Inc
Mls Name: CLAW
Mls ID: #25616313