509 N Hobart BlvdLos AngelesCA90004
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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
Investment property for sale in Los Angeles at 509 N Hobart Blvd, Los Angeles, CA, 90004 uses $227,010 cash to close to unlock $10,473/yr annual cash flow and $873/mo monthly cash flow. Total monthly income runs $5,141/mo, and a $3,377/mo payment keeps the spread at $873/mo. Purchase price stands at $690,000, and rental yield measures 8.94% with $5,141/mo rent. Return on cash invested shows 24.67% in year one, and 5% annual appreciation builds toward $190,634 over five years. Five-year ROI reaches 128.35% and total cumulative return in cash records $291,368. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $5,141/mo property income covering a $3,377/mo payment rather than investor’s personal income.
Condo
Built in 1927
7,509 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 90004, Los Angeles, CA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 26,518 (100%) |
| Owner Occupied HU | 3,973 (15.0%) |
| Renter Occupied HU | 20,281 (76.5%) |
| Vacant Housing Units | 2,264 ( 8.5%) |
| Median Home Value | $1,478,311 |
| Average Home Value | $1,529,648 |
Housing Distribution
Address Breakdown
Residential
24,685
Single Family
8,009
Multi-Family
16,676
Businesses
1,475
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Listed by: Stephanie Younger • Compass
Mls Name: CLAW
Mls ID: #25531673