620 S Gramercy Pl APT 314Los AngelesCA90005
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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 620 S Gramercy Pl APT 314, Los Angeles, CA, 90005 offers a 5.54% rental yield on a $440,000 purchase with $2,032/mo rent. 23% in year one. Equity gained on principal adds $2,839/yr while 5% annual appreciation supports $121,564 over five years. Portfolio math shows five-year ROI at 72.39% and total cumulative return in cash at $105,586. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,032/mo property income against a $2,154/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 1990
1.18 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 90005, Los Angeles, CA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 25,722 (100%) |
| Owner Occupied HU | 2,038 ( 7.9%) |
| Renter Occupied HU | 20,469 (79.6%) |
| Vacant Housing Units | 3,215 (12.5%) |
| Median Home Value | $1,220,228 |
| Average Home Value | $1,329,075 |
Housing Distribution
Address Breakdown
Residential
19,471
Single Family
4,533
Multi-Family
14,938
Businesses
1,038
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Listed by: Martin Meza • Martin Meza, Broker
Mls Name: CRMLS
Mls ID: #DW25247132