970 Palm Ave APT 215West HollywoodCA90069
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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 West Hollywood at 970 Palm Ave APT 215, West Hollywood, CA, 90069 generates $3,036/mo in rent, after a $2,932/mo payment. Total monthly income is $3,036/mo. Return on cash invested sits at 15.98% in year one, and rental yield is 6.08% on a $599,000 entry. Equity gained on principal adds $3,865/yr, while 5% annual appreciation builds toward $165,493 over five years. Five-year ROI reaches 81.76% and total cumulative return in cash sums $161,122. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,036/mo property income rather than buyer’s personal income.
Condo
Built in 1963
0.82 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 90069, West Hollywood, CA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 14,878 (100%) |
| Owner Occupied HU | 4,844 (32.6%) |
| Renter Occupied HU | 8,463 (56.9%) |
| Vacant Housing Units | 1,571 (10.6%) |
| Median Home Value | $1,437,906 |
| Average Home Value | $1,515,900 |
Housing Distribution
Address Breakdown
Residential
14,833
Single Family
3,592
Multi-Family
11,241
Businesses
1,870
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Listed by: Anthony Borges Nazari • Coldwell Banker Realty
Mls Name: CLAW
Mls ID: #25631043