Financial Details10960 Wellworth Ave 303 PROPERTY INFO
FACTS
- Built In 1984
- Price/Sqft : $582.53
CONSTRUCTION
- Beds : 2
- Floor Size : 1,737 sqft
- Baths : 3 Full
PROPERTY DESCRIPTION
10960 Wellworth Ave 303, Los Angeles, CA 90024 is a single family home of 1,737 sqft. HomeUnion estimate for 10960 Wellworth Ave 303 includes a Price Estimate of $1,011,860 and a Rent Estimate of $4,143. This single family home has 2 bedrooms, 3 bathrooms, and was built in 1984. This property has an estimated 15 year annualized Yield of 4.91% and Total Return of 21.79%. The estimated 1 year forecast in home value for 10960 Wellworth Ave 303 is 7.14%.OTHER REAL ESTATE INVESTMENT PROPERTIES
The following properties with Estimated Highest Gross Yields are available in other markets.
10960 Wellworth Ave 303 SCHOOLS
Financial Details
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Westwood
Neighborhood : Westwood
DISTRIBUTION OF RENTS IN NEIGHBORHOOD
Approximately 100% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $4,143 per month.
MY RENT : $4,143 MEDIAN RENT : $5,416
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 $4,143 would therefore be considered affordable for annual household incomes greater than $165,720 (12 months x 3.333 x $4,143).
HOUSEHOLD INCOME RANGE
Approximately 2,464 of households in this neighborhood have a total annual income of $165,720 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $4,143 per month.
MINIMUM INCOME RANGE : $165,720
COMMUTE TIME DISTRIBUTION
62% of the working population has a commute time of 15 to 44 minutes, 28% has a commute time of 14 minutes or less and 10% has a commute time of 45 minutes or longer.
Westwood Demographics
INDUSTRY
| Industry | % Distribution |
|---|---|
| Arts & Entertainment | 11.3% |
| Educational Services | 27.1% |
| Health Care & Social Assistance | 11.6% |
| Information | 6.4% |
| Professional & Scientific Tech Services | 13.0% |
| Retail & Wholesale Trader | 9.4% |
| Other | 21.1% |
AGE DISTRIBUTION
36% of the population is between the ages of 25 and 64, 52% is 24 or younger and 12% is 65 or older.
| Age | % Distribution |
|---|---|
| <15 | 5.7% |
| 15-19 | 19.9% |
| 20-24 | 26.7% |
| 25-44 | 22.4% |
| 45-65 | 13.6% |
| 66+ | 11.7% |
OCCUPATION
| Occupation | % Distribution |
|---|---|
| Adesm | 7.8% |
| Computer Engineering | 8.6% |
| Construction | 10.6% |
| Healthcare | 11.8% |
| Management, Business, & Financial | 28.9% |
| Sales & Office | 18.7% |
| Other | 13.6% |
HIGHEST EDUCATION LEVEL
42% of adults 25 and older have an education level of a bachelor's degree or higher.
| Education Level | % Distribution |
|---|---|
| Doctorate | 6.1% |
| High School | 7.1% |
| Masters Degree | 19.1% |
| Professional | 11.8% |
| Some College | 12.6% |
| Other | 43.3% |
10960 Wellworth Ave 303 Comps
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