700 Main St UNIT 15VeniceCA90291
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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 Venice at 700 Main St UNIT 15, Venice, CA, 90291 earns from $5,489/mo rent with a $9,030/mo payment. Total monthly income totals $5,489/mo. ROI tracks 8.48% on current figures, and rental yield reads 3.57% at a $1,845,000 purchase. Equity gained on principal adds $11,905/yr, and 5% annual appreciation supports $509,739 over five years. Five-year ROI reaches 41.44% and total cumulative return in cash sums $247,695. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $5,489/mo property income instead of your personal income.
Condo
Built in 2008
0.60 Acres lot
$N/A/sqft
No 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: Paige Ogden • Pardee Properties
Mls Name: CLAW
Mls ID: #24-460553