Financial Details10526 Gorman Ave PROPERTY INFO
FACTS
- Built In 1921
- Price/Sqft : $163.48
CONSTRUCTION
- Beds : 7
- Floor Size : 3,066 sqft
- Baths : 6 Full
PROPERTY DESCRIPTION
10526 Gorman Ave, Los Angeles, CA 90002 is a single family home of 3,066 sqft. HomeUnion estimate for 10526 Gorman Ave includes a Price Estimate of $501,230 and a Rent Estimate of $4,101. This single family home has 7 bedrooms, 6 bathrooms, and was built in 1921. This property has an estimated 15 year annualized Yield of 9.82% and Total Return of 47.25%. The estimated 1 year forecast in home value for 10526 Gorman Ave is 13.1%.OTHER REAL ESTATE INVESTMENT PROPERTIES
The following properties with Estimated Highest Gross Yields are available in other markets.
10526 Gorman Ave SCHOOLS
Financial Details
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Watts
Neighborhood : Watts
DISTRIBUTION OF RENTS IN NEIGHBORHOOD
Approximately 97% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $4,101 per month.
MY RENT : $4,101 MEDIAN RENT : $2,208
Household Rent Affordability
According to U.S. Department of Housing and Urban Development, families that use more than 30% of their income to pay for housing are considered cost burdened. A target rent of $4,101 would therefore be considered affordable for annual household incomes greater than $164,040 (12 months x 3.333 x $4,101).
HOUSEHOLD INCOME RANGE
Approximately 183 of households in this neighborhood have a total annual income of $164,040 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $4,101 per month.
MINIMUM INCOME RANGE : $164,040
COMMUTE TIME DISTRIBUTION
63% of the working population has a commute time of 15 to 44 minutes, 10% has a commute time of 14 minutes or less and 27% has a commute time of 45 minutes or longer.
Watts Demographics
INDUSTRY
| Industry | % Distribution |
|---|---|
| Administrative Support | 8.7% |
| Arts & Entertainment | 9.3% |
| Construction | 8.8% |
| Health Care & Social Assistance | 11.5% |
| Manufacturing | 13.6% |
| Retail & Wholesale Trader | 18.8% |
| Other | 29.2% |
AGE DISTRIBUTION
43% of the population is between the ages of 25 and 64, 52% is 24 or younger and 5% is 65 or older.
| Age | % Distribution |
|---|---|
| <15 | 32.3% |
| 15-19 | 10.2% |
| 20-24 | 9.5% |
| 25-44 | 25.8% |
| 45-65 | 17.1% |
| 66+ | 5.1% |
OCCUPATION
| Occupation | % Distribution |
|---|---|
| Clean | 9.4% |
| Management, Business, & Financial | 4.4% |
| Natural Resources Maintenance | 14.2% |
| PCare | 4.2% |
| Production & Transportation | 28.8% |
| Sales & Office | 23.2% |
| Other | 15.8% |
HIGHEST EDUCATION LEVEL
4% of adults 25 and older have an education level of a bachelor's degree or higher.
| Education Level | % Distribution |
|---|---|
| Associates Degree | 3.3% |
| High School | 27.1% |
| Masters Degree | 0.4% |
| Some College | 15.9% |
| Some High School | 49.9% |
| Other | 3.3% |
10526 Gorman Ave Comps
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