654 1/2 Broadway StVeniceCA90291
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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
Rental property for sale in Venice at 654 1/2 Broadway St, Venice, CA, 90291 priced at $1,025,000 converts $3,921/mo rent into after a $5,017/mo obligation. Total monthly income equals $3,921/mo. Return on cash invested prints 9.82% in year one, and rental yield reads 4.59% against a $1,025,000 entry. Equity gained on principal adds $6,614/yr, while 5% annual appreciation compiles into $283,189 by year five. Five-year ROI reaches 49.29% and total cumulative return in cash sums $163,708. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,921/mo property income covering a $5,017/mo payment, not borrower’s personal income.
Townhouse
Built in N/A
5,201 sqft lot
$N/A/sqft
$500 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 90291, Venice, CA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 16,662 (100%) |
| Owner Occupied HU | 4,668 (28.0%) |
| Renter Occupied HU | 10,056 (60.4%) |
| Vacant Housing Units | 1,938 (11.6%) |
| Median Home Value | $1,996,664 |
| Average Home Value | $1,825,395 |
Housing Distribution
Address Breakdown
Residential
15,689
Single Family
9,601
Multi-Family
6,088
Businesses
1,190
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Listed by: Brian Maser • The Condo Experts
Mls Name: CLAW
Mls Provider:
Mls ID: #25494289
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 2025-02-12 09:47:33 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.