7309 Summertime LnCulver CityCA90230
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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 Culver City at 7309 Summertime Ln, Culver City, CA, 90230 generates $3,690/mo in rent, after a $3,181/mo payment. Total monthly income is $3,690/mo. Return on cash invested sits at 13.38% in year one, and rental yield is 6.81% on a $650,000 entry. Equity gained on principal adds $4,194/yr, while 5% annual appreciation builds toward $179,583 over five years. Five-year ROI reaches 69.51% and total cumulative return in cash sums $148,658. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,690/mo property income rather than buyer’s personal income.
Condo
Built in 1973
3.75 Acres lot
$N/A/sqft
$618 monthly HOA
More details about the property
Neighborhood Data
Neighborhood data shown for ZIP Code: 90230, Culver City, CA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,583 (100%) |
| Owner Occupied HU | 6,958 (51.2%) |
| Renter Occupied HU | 6,074 (44.7%) |
| Vacant Housing Units | 551 ( 4.1%) |
| Median Home Value | $1,192,291 |
| Average Home Value | $1,256,241 |
Housing Distribution
Address Breakdown
Residential
13,157
Single Family
7,008
Multi-Family
6,149
Businesses
1,413
Price History
Date | Event | Price |
|---|---|---|
| 2025-03-24 | Sold | $650,000 |
| 2025-03-06 | Pending sale | $649,000 |
| 2025-02-19 | Contingent | $649,000 |
Tax History
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-10-10 | $7788.39 | 4.62% | $621,873 | 2.00% |
| 2023-10-10 | $7444.68 | 4.75% | $609,681 | 2.00% |
| 2022-10-10 | $7107.41 | 0.02% | $597,727 | 2.00% |
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Facts & Features
General Information
- Type: Condo
- Year Built: 1973
- Architectural Style: Contemporary
- Building Area: 862
- Living Area: 862 sqft
- Property Condition: N/A
Features & Amenities
- Heating: Central
- Cooling: Central Air
- Flooring: Laminate
- Interior Features: N/A
- Exterior Features: Balcony
- Parking Features: Community Structure, Tandem
Location
- City: Culver City
- State: CA
- Subdivision: Lakeside Village
- Lot Size: 3.75 Acres
- Lot Features: N/A
- View: Tree Top
HOA & Fees
- HOA Fee: $618 monthly
- Association Fee: $618 monthly
- Fees & Dues: N/A
- Association Amenities: Assoc Barbecue, Clubhouse, Controlled Access, Fitness Center, Gated Community Guard, Lake or Pond, Onsite Property Management, Outdoor Cooking Area, Playground, Pool, Rec Multipurpose Rm, Security, Spa/Hot Tub, Sauna
- Association Fee Includes: N/A
Utilities
- Utilities: N/A
- Sewer: N/A
- Water Source: N/A
- Road Surface Type: N/A
School Information
- Elementary School: N/A
- Middle School: N/A
- High School: N/A
Listed by: Meredith Schlosser • Berkshire Hathaway HomeServices California Properties
Mls Name: CLAW
Mls Provider:
Mls ID: #24-435889
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 2025-10-10 00:13:35 PDT. 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.