6938 Laurel Canyon Blvd UNIT 212North HollywoodCA91605
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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 North Hollywood at 6938 Laurel Canyon Blvd UNIT 212, North Hollywood, CA, 91605 uses $157,463 cash to close to unlock $3,353/yr annual cash flow and $279/mo monthly cash flow. Total monthly income runs $3,218/mo, and a $2,325/mo payment keeps the spread at $279/mo. Purchase price stands at $475,000, and rental yield measures 8.13% with $3,218/mo rent. Return on cash invested shows 22.04% in year one, and 5% annual appreciation builds toward $131,234 over five years. Five-year ROI reaches 114.27% and total cumulative return in cash records $179,935. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,218/mo property income covering a $2,325/mo payment rather than investor’s personal income.
Condo
Built in 2006
0.67 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 91605, North Hollywood, CA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 16,760 (100%) |
| Owner Occupied HU | 6,254 (37.3%) |
| Renter Occupied HU | 9,867 (58.9%) |
| Vacant Housing Units | 639 ( 3.8%) |
| Median Home Value | $808,108 |
| Average Home Value | $825,096 |
Housing Distribution
Address Breakdown
Residential
16,666
Single Family
8,356
Multi-Family
8,310
Businesses
2,486
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Listed by: Elba Romo • Elba Romo Broker
Mls Name: CRMLS
Mls ID: #RS25182661