940 E 2nd St APT 38Los AngelesCA90012
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 Los Angeles at 940 E 2nd St APT 38, Los Angeles, CA, 90012 listed at $1,799,000 pairs $7,858/mo rent with a $8,805/mo payment. Total monthly income runs $7,858/mo. Return on cash invested measures 13.64% in year one, and rental yield registers 5.24% at a $1,799,000 basis. Equity gained on principal adds $11,609/yr, and annual property appreciation at 5% supports $497,031 by year five. Five-year ROI tracks 69.1% and total cumulative return in cash totals $402,789. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $7,858/mo property income relative to a $8,805/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Condo
Built in 1906
1.01 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 90012, Los Angeles, CA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 16,994 (100%) |
| Owner Occupied HU | 1,413 ( 8.3%) |
| Renter Occupied HU | 13,925 (81.9%) |
| Vacant Housing Units | 1,656 ( 9.7%) |
| Median Home Value | $858,384 |
| Average Home Value | $984,713 |
Housing Distribution
Address Breakdown
Residential
15,892
Single Family
5,009
Multi-Family
10,883
Businesses
2,753
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Lotoya Bailey • Nourmand & Associates-HW
Mls Name: CLAW
Mls ID: #26632119