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This page contains aggregated information about each property, and is not intended to serve as an appraisal. Projections for accumulated wealth, cash flow and equity are based on predictive models used to analyze big data on more than 110 million homes. Learn more about INVESTimate

1232 E Martin Luther King Jr Blvd Los Angeles, CA 90011

7 Beds 3 Baths 1,276 sqft Built 1960
Last updated:  Jan 23, 2020

INVESTimate

$967,597

$888K - $1.05M

Price Est.

$3,094

$2.6K - $3.6K

Rent Est.

$1,040,844  ( +7.57%)   1 YR EST. FORECAST
  
  
  

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1232 E Martin Luther King Jr Blvd PROPERTY INFO

FACTS
  • Built In 1960
  • Price/Sqft : $758.30
CONSTRUCTION
  • Beds : 7
  • Floor Size : 1,276 sqft
  • Baths : 3 Full

1232 E Martin Luther King Jr Blvd SCHOOLS

NAME EDUCATIONAL LEVEL SCHOOL TYPE # OF STUDENTS # OF TEACHERS GREATSCHOOLS RATING
WADSWORTH AVENUE ELEMENTARY SCHOOL Primary Regular 813 32 2
DR. JULIAN NAVA LEARNING ACADEMIES-SCHOOL OF BUSINESS AND TECHNOLOGY Middle Regular 368 14 NA
NAVA COLLEGE PREPARATORY ACADEMY High Unknown NA

WADSWORTH AVENUE ELEMENTARY SCHOOL

  • Education Level: Primary
  • # of students: 813
  • # of teachers: 32
2
GreatSchools Rating

DR. JULIAN NAVA LEARNING ACADEMIES-SCHOOL OF BUSINESS AND TECHNOLOGY

  • Education Level: Middle
  • # of students: 368
  • # of teachers: 14
-1
GreatSchools Rating

NAVA COLLEGE PREPARATORY ACADEMY

  • Education Level: High
  • # of students: 0
  • # of teachers: 0
-1
GreatSchools Rating
 

Financial Details

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Neighborhood

Central Alameda

  • 43,636

    POPULATION
  • 9,434

    HOUSEHOLDS
  • 26.6%

    WHITE COLLAR

Neighborhood : Central Alameda

HOUSEHOLDS
9,434
POPULATION

43,636

71.2%Renters
28.8%Home Owners
LABOR FORCE

 

26.6%White Collar
73.4%Blue Collar
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 $3,094 per month.

MY RENT : $3,094 MEDIAN RENT : $2,469

Rent % Distribution LEVEL
$500-699 0.0%
$700-899 0.0%
$900-999 0.0%
$1,000-1,499 0.2%
>=$1,500 99.8%
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 $3,094 would therefore be considered affordable for annual household incomes greater than $123,760 (12 months x 3.333 x $3,094).

Rent % Affordability
Above $500 67.4%
Above $700 53.3%
Above $1,100 33.9%
Above $1,500 20.4%
Above $1,900 12.5%
HOUSEHOLD INCOME RANGE

Approximately 269 of households in this neighborhood have a total annual income of $123,760 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $3,094 per month.

MINIMUM INCOME RANGE : $123,760

Income % Distribution
<$20K 32.6%
$20K-$35K 23.2%
$35K-$60K 23.8%
$60K-$100K 14.7%
>=$100K 5.7%
COMMUTE TIME DISTRIBUTION

70% of the working population has a commute time of 15 to 44 minutes, 13% has a commute time of 14 minutes or less and 17% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 0.4%
5-9 mins 3.9%
10-14 mins 9.2%
15-19 mins 14.0%
20-29 mins 22.3%
30-44 mins 33.5%
45-59 mins 6.5%
>60 mins 10.3%
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 $3,094 per month.

MY RENT : $3,094 MEDIAN RENT : $2,469

Rent % Distribution
$500-699 0.0%
$700-899 0.0%
$900-999 0.0%
$1,000-1,499 0.2%
>=$1,500 99.8%
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 $3,094 would therefore be considered affordable for annual household incomes greater than $123,760 (12 months x 3.333 x $3,094).

Rent % Affordability
Above $500 67.4%
Above $700 53.3%
Above $1,100 33.9%
Above $1,500 20.4%
Above $1,900 12.5%
HOUSEHOLD INCOME RANGE

Approximately 269 of households in this neighborhood have a total annual income of $123,760 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $3,094 per month.

MINIMUM INCOME RANGE : $123,760

Income % Distribution
<$20K 32.6%
$20K-$35K 23.2%
$35K-$60K 23.8%
$60K-$100K 14.7%
>=$100K 5.7%
COMMUTE TIME DISTRIBUTION

70% of the working population has a commute time of 15 to 44 minutes, 13% has a commute time of 14 minutes or less and 17% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 0.4%
5-9 mins 3.9%
10-14 mins 9.2%
15-19 mins 14.0%
20-29 mins 22.3%
30-44 mins 33.5%
45-59 mins 6.5%
>60 mins 10.3%

Central Alameda Demographics

INDUSTRY

Industry % Distribution
Administrative Support 7.9%
Arts & Entertainment 10.1%
Construction 7.2%
Health Care & Social Assistance 8.6%
Manufacturing 26.0%
Retail & Wholesale Trader 16.6%
Other 23.7%
AGE DISTRIBUTION

48% of the population is between the ages of 25 and 64, 46% is 24 or younger and 5% is 65 or older.

Age % Distribution
<15 28.2%
15-19 9.3%
20-24 8.7%
25-44 30.0%
45-65 18.4%
66+ 5.3%
OCCUPATION

Occupation % Distribution
Clean 6.7%
Education 5.3%
Natural Resources Maintenance 10.8%
PCare 3.4%
Production & Transportation 39.0%
Sales & Office 22.2%
Other 12.5%
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 3.0%
High School 21.4%
Masters Degree 0.6%
Some College 8.5%
Some High School 64.0%
Other 2.4%

1232 E Martin Luther King Jr Blvd Comps

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1232 E Martin Luther King Jr Blvd, Los Angeles, CA 90011 is a single family home of 1,276 sqft. HomeUnion INVESTimateĀ® for 1232 E Martin Luther King Jr Blvd includes a Price Estimate of $967,597 and a Rent Estimate of $3,094. This single family home has 7 bedrooms,3 bathrooms, and was built in 1960. This property has an estimated 15 year annualized Yield of 3.84% and Total Return of 20.62%. The estimated 1 year forecast in home value for 1232 E Martin Luther King Jr Blvd is 7.57%.

Looking for real estate investment properties in this area? You can browse additional properties and view investment data in CA , LOS ANGELES County , or the 90011 Zipcode. Nearby Zipcodes include Zipcode1 and Zipcode2

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