630 N Grand Ave APT 408Los AngelesCA90012
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 630 N Grand Ave APT 408, Los Angeles, CA, 90012 offers a 7.3% rental yield on a $498,000 purchase with $3,029/mo rent. 44% in year one. Equity gained on principal adds $3,214/yr while 5% annual appreciation supports $137,588 over five years. Portfolio math shows five-year ROI at 80.37% and total cumulative return in cash at $132,688. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $3,029/mo property income against a $2,437/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 1982
0.36 Acres lot
$N/A/sqft
$525 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 90012, Los Angeles, CA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 16,994 (100%) |
| Owner Occupied HU | 1,413 ( 8.3%) |
| Renter Occupied HU | 13,925 (81.9%) |
| Vacant Housing Units | 1,656 ( 9.7%) |
| Median Home Value | $858,384 |
| Average Home Value | $984,713 |
Housing Distribution
Address Breakdown
Residential
15,892
Single Family
5,009
Multi-Family
10,883
Businesses
2,753
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Charles Le • Beverly Hills Fabulous Estates Inc.
Mls Name: CLAW
Mls Provider:
Mls ID: #25-484565
Disclaimer: 2025 The MLS - Combined L.A. Westside MLS (CLAW). All rights reserved. Based on information from The MLS - Combined L.A. Westside MLS (CLAW as of 2025-02-13 00:24:57 PST. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.