976 Larrabee St APT 231West HollywoodCA90069
INVESTMENT ANALYSIS
Investment Verdict
Steady Equity BuilderThe 7.74% yield at 976 Larrabee St APT 231, West Hollywood, CA, 90069 in West Hollywood is solid, but the $2,154/mo payment compresses net cash flow to $128/mo at $479,000. This is a tight-spread property, income covers debt, with little cushion. For investors who can optimise occupancy, the upside is real: 5% annual appreciation adds $132,339 by year five, and $4,412/yr in loan paydown builds equity. Ziffy Mortgage qualifies this via DSCR (1.44) without U.S. income documentation. Total projected return: $189,871.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 7.7% | 5.5% |
| Monthly Cash Flow | $128 | $1,500 |
City averages based on West Hollywood market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $3,091 |
| Total Monthly Debt Service | $2,773 |
| DSCR Ratio | 1.11x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Condo
Built in 1969
1.00 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
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
Condo
Built in 1969
1.00 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Marc Hernandez • Compass
Mls Name: CLAW
Mls ID: #25570905