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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

1345 E 60th St Los Angeles, CA 90001

4 Beds 2 Baths 606 sqft Built 1924
Last updated:  Jan 23, 2020

INVESTimate

$1,034,168

$949K - $1.12M

Price Est.

$2,752

$2.3K - $3.2K

Rent Est.

$1,164,990  ( +12.65%)   1 YR EST. FORECAST
  
  
  

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1345 E 60th St PROPERTY INFO

FACTS
  • Built In 1924
  • Price/Sqft : $1,706.55
CONSTRUCTION
  • Beds : 4
  • Floor Size : 606 sqft
  • Baths : 2 Full

1345 E 60th St SCHOOLS

NAME EDUCATIONAL LEVEL SCHOOL TYPE # OF STUDENTS # OF TEACHERS GREATSCHOOLS RATING
DR LAWRENCE H MOORE MATH SCIENCE TECHNLOGY ACADEMY Primary Unknown NA
THOMAS A EDISON MIDDLE SCHOOL Middle Regular 1,166 60 2
MERVYN M DYMALLY SENIOR HIGH High Unknown NA

DR LAWRENCE H MOORE MATH SCIENCE TECHNLOGY ACADEMY

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

THOMAS A EDISON MIDDLE SCHOOL

  • Education Level: Middle
  • # of students: 1,166
  • # of teachers: 60
2
GreatSchools Rating

MERVYN M DYMALLY SENIOR HIGH

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

Financial Details

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Neighborhood

Florence-Graham

  • 63,100

    POPULATION
  • 14,359

    HOUSEHOLDS
  • 27.0%

    WHITE COLLAR

Neighborhood : Florence-Graham

HOUSEHOLDS
14,359
POPULATION

63,100

65.8%Renters
34.2%Home Owners
LABOR FORCE

 

27.0%White Collar
73.0%Blue Collar
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 99% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $2,752 per month.

MY RENT : $2,752 MEDIAN RENT : $2,323

Rent % Distribution LEVEL
$500-699 0.0%
$700-899 0.0%
$900-999 0.0%
$1,000-1,499 0.6%
>=$1,500 99.4%
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 $2,752 would therefore be considered affordable for annual household incomes greater than $110,080 (12 months x 3.333 x $2,752).

Rent % Affordability
Above $500 72.3%
Above $700 58.6%
Above $1,100 36.3%
Above $1,500 23.2%
Above $1,900 15.4%
HOUSEHOLD INCOME RANGE

Approximately 590 of households in this neighborhood have a total annual income of $110,080 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $2,752 per month.

MINIMUM INCOME RANGE : $110,080

Income % Distribution
<$20K 27.7%
$20K-$35K 23.9%
$35K-$60K 25.2%
$60K-$100K 15.9%
>=$100K 7.3%
COMMUTE TIME DISTRIBUTION

66% of the working population has a commute time of 15 to 44 minutes, 13% has a commute time of 14 minutes or less and 21% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 0.8%
5-9 mins 5.2%
10-14 mins 7.0%
15-19 mins 9.9%
20-29 mins 22.5%
30-44 mins 33.5%
45-59 mins 8.0%
>60 mins 13.3%
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 99% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $2,752 per month.

MY RENT : $2,752 MEDIAN RENT : $2,323

Rent % Distribution
$500-699 0.0%
$700-899 0.0%
$900-999 0.0%
$1,000-1,499 0.6%
>=$1,500 99.4%
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 $2,752 would therefore be considered affordable for annual household incomes greater than $110,080 (12 months x 3.333 x $2,752).

Rent % Affordability
Above $500 72.3%
Above $700 58.6%
Above $1,100 36.3%
Above $1,500 23.2%
Above $1,900 15.4%
HOUSEHOLD INCOME RANGE

Approximately 590 of households in this neighborhood have a total annual income of $110,080 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $2,752 per month.

MINIMUM INCOME RANGE : $110,080

Income % Distribution
<$20K 27.7%
$20K-$35K 23.9%
$35K-$60K 25.2%
$60K-$100K 15.9%
>=$100K 7.3%
COMMUTE TIME DISTRIBUTION

66% of the working population has a commute time of 15 to 44 minutes, 13% has a commute time of 14 minutes or less and 21% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 0.8%
5-9 mins 5.2%
10-14 mins 7.0%
15-19 mins 9.9%
20-29 mins 22.5%
30-44 mins 33.5%
45-59 mins 8.0%
>60 mins 13.3%

Florence-Graham Demographics

INDUSTRY

Industry % Distribution
Administrative Support 7.3%
Arts & Entertainment 9.1%
Construction 9.3%
Health Care & Social Assistance 8.9%
Manufacturing 21.0%
Retail & Wholesale Trader 18.3%
Other 26.0%
AGE DISTRIBUTION

48% of the population is between the ages of 25 and 64, 46% is 24 or younger and 6% is 65 or older.

Age % Distribution
<15 26.9%
15-19 9.1%
20-24 9.5%
25-44 29.6%
45-65 18.4%
66+ 6.4%
OCCUPATION

Occupation % Distribution
Clean 6.8%
Education 3.9%
Healthcare 4.2%
Natural Resources Maintenance 14.0%
Production & Transportation 37.3%
Sales & Office 20.4%
Other 13.4%
HIGHEST EDUCATION LEVEL

3% of adults 25 and older have an education level of a bachelor's degree or higher.

Education Level % Distribution
Associates Degree 2.3%
High School 23.3%
Masters Degree 0.6%
Some College 11.4%
Some High School 58.5%
Other 3.8%

1345 E 60th St Comps

Sorry, we do not have sufficient data available.

1345 E 60th St, Los Angeles, CA 90001 is a single family home of 606 sqft. HomeUnion INVESTimateĀ® for 1345 E 60th St includes a Price Estimate of $1,034,168 and a Rent Estimate of $2,752. This single family home has 4 bedrooms,2 bathrooms, and was built in 1924. This property has an estimated 15 year annualized Yield of 3.19% and Total Return of 29.99%. The estimated 1 year forecast in home value for 1345 E 60th St is 12.65%.

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 90001 Zipcode. Nearby Zipcodes include Zipcode1 and Zipcode2

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