813 N Martel Ave #2Los AngelesCA90046
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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 813 N Martel Ave #2, Los Angeles, CA, 90046 priced at $999,999 converts $5,392/mo rent into after a $4,895/mo obligation. Total monthly income equals $5,392/mo. Return on cash invested prints 17.17% in year one, and rental yield reads 6.47% against a $999,999 entry. Equity gained on principal adds $6,453/yr, while 5% annual appreciation compiles into $276,281 by year five. Five-year ROI reaches 88.09% and total cumulative return in cash sums $289,827. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $5,392/mo property income covering a $4,895/mo payment, not borrower’s personal income.
Condo
Built in 1992
0.29 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 90046, Los Angeles, CA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 32,369 (100%) |
| Owner Occupied HU | 6,823 (21.1%) |
| Renter Occupied HU | 22,845 (70.6%) |
| Vacant Housing Units | 2,701 ( 8.3%) |
| Median Home Value | $1,601,959 |
| Average Home Value | $1,573,408 |
Housing Distribution
Address Breakdown
Residential
30,965
Single Family
9,943
Multi-Family
21,022
Businesses
1,699
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Listed by: Mulyani Ang • The One Luxury Properties
Mls Name: CRMLS
Mls ID: #AR25188961