823 Commonwealth AveVeniceCA90291
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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 Venice at 823 Commonwealth Ave, Venice, CA, 90291 priced at $1,700,000 converts $5,143/mo rent into after a $8,321/mo obligation. Total monthly income equals $5,143/mo. Return on cash invested prints 8.66% in year one, and rental yield reads 3.63% against a $1,700,000 entry. Equity gained on principal adds $10,970/yr, while 5% annual appreciation compiles into $469,679 by year five. Five-year ROI reaches 42.43% and total cumulative return in cash sums $233,719. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $5,143/mo property income covering a $8,321/mo payment, not borrower’s personal income.
Single Family
Built in 1948
4,191 sqft 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: Juanita Urzua • Century 21 Jervis & Associates
Mls Name: CRMLS
Mls ID: #DW25267141