702 S Serrano Ave APT 701Los AngelesCA90005
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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 Los Angeles at 702 S Serrano Ave APT 701, Los Angeles, CA, 90005 generates $5,057/mo in rent, after a $5,873/mo payment. Total monthly income is $5,057/mo. Return on cash invested sits at 13.07% in year one, and rental yield is 5.06% on a $1,200,000 entry. Equity gained on principal adds $7,743/yr, while 5% annual appreciation builds toward $331,538 over five years. Five-year ROI reaches 66.05% and total cumulative return in cash sums $256,787. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $5,057/mo property income rather than buyer’s personal income.
Condo
Built in 2007
0.33 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 90005, Los Angeles, CA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 25,722 (100%) |
| Owner Occupied HU | 2,038 ( 7.9%) |
| Renter Occupied HU | 20,469 (79.6%) |
| Vacant Housing Units | 3,215 (12.5%) |
| Median Home Value | $1,220,228 |
| Average Home Value | $1,329,075 |
Housing Distribution
Address Breakdown
Residential
19,471
Single Family
4,533
Multi-Family
14,938
Businesses
1,038
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Listed by: Duk Young Yang • Compass
Mls Name: CLAW
Mls ID: #25599329