602 W 40th PlLos AngelesCA90037
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
Investment Highlights
Investment property for sale in Los Angeles at 602 W 40th Pl, Los Angeles, CA, 90037 offers a 2.91% rental yield on a $1,699,999 purchase with $4,116/mo rent. 42% in year one. Equity gained on principal adds $10,970/yr while 5% annual appreciation supports $469,678 over five years. Portfolio math shows five-year ROI at 30.43% and total cumulative return in cash at $167,623. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $4,116/mo property income against a $8,321/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Multi Family
Built in 1908
6,752 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 90037, Los Angeles, CA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 17,643 (100%) |
| Owner Occupied HU | 4,171 (23.6%) |
| Renter Occupied HU | 12,641 (71.6%) |
| Vacant Housing Units | 831 ( 4.7%) |
| Median Home Value | $683,518 |
| Average Home Value | $770,661 |
Housing Distribution
Address Breakdown
Residential
17,966
Single Family
13,069
Multi-Family
4,897
Businesses
1,202
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Juana Luna Lopez • Victoria Premier Realty
Mls Name: CRMLS
Mls ID: #DW25200288