621 California Ave APT 3Santa MonicaCA90403
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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 Santa Monica at 621 California Ave APT 3, Santa Monica, CA, 90403 listed at $1,232,100 pairs $6,338/mo rent with a $6,031/mo payment. Total monthly income runs $6,338/mo. Return on cash invested measures 14.37% in year one, and rental yield registers 6.17% at a $1,232,100 basis. Equity gained on principal adds $7,951/yr, and annual property appreciation at 5% supports $340,407 by year five. Five-year ROI tracks 73.82% and total cumulative return in cash totals $294,694. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $6,338/mo property income relative to a $6,031/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Townhouse
Built in 1974
4,991 sqft lot
$N/A/sqft
$330 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 90403, Santa Monica, CA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 14,536 (100%) |
| Owner Occupied HU | 3,137 (21.6%) |
| Renter Occupied HU | 9,979 (68.7%) |
| Vacant Housing Units | 1,420 ( 9.8%) |
| Median Home Value | $1,743,844 |
| Average Home Value | $1,682,748 |
Housing Distribution
Address Breakdown
Residential
14,810
Single Family
3,037
Multi-Family
11,773
Businesses
911
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Listed by: N/A • N/A
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