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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

1645 Malcolm Ave 302 Los Angeles, CA 90024

4 Beds 5 Baths 2,807 sqft Built 1991
Last updated:  Jan 23, 2020

INVESTimate

$1,891,050

$1.61M - $2.17M

Price Est.

$8,630

$7.7K - $9.5K

Rent Est.

$2,026,071  ( +7.14%)   1 YR EST. FORECAST
  
  
  

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1645 Malcolm Ave 302 PROPERTY INFO

FACTS
  • Built In 1991
  • Price/Sqft : $673.69
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,807 sqft
  • Baths : 5 Full

1645 Malcolm Ave 302 SCHOOLS

NAME EDUCATIONAL LEVEL SCHOOL TYPE # OF STUDENTS # OF TEACHERS GREATSCHOOLS RATING
FAIRBURN AVENUE ELEMENTARY SCHOOL Primary Regular 459 18 10
EMERSON COMMUNITY CHARTER SCHOOL Middle Regular 819 32 5
UNIVERSITY SENIOR HIGH SCHOOL High Regular 2,023 86 6

FAIRBURN AVENUE ELEMENTARY SCHOOL

  • Education Level: Primary
  • # of students: 459
  • # of teachers: 18
10
GreatSchools Rating

EMERSON COMMUNITY CHARTER SCHOOL

  • Education Level: Middle
  • # of students: 819
  • # of teachers: 32
5
GreatSchools Rating

UNIVERSITY SENIOR HIGH SCHOOL

  • Education Level: High
  • # of students: 2,023
  • # of teachers: 86
6
GreatSchools Rating
 

Financial Details

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Neighborhood

Westwood

  • 55,246

    POPULATION
  • 19,147

    HOUSEHOLDS
  • 93.2%

    WHITE COLLAR

Neighborhood : Westwood

HOUSEHOLDS
19,147
POPULATION

55,246

67.6%Renters
32.4%Home Owners
LABOR FORCE

 

93.2%White Collar
6.8%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 $8,630 per month.

MY RENT : $8,630 MEDIAN RENT : $5,416

Rent % Distribution LEVEL
$500-699 0.0%
$700-899 0.0%
$900-999 0.0%
$1,000-1,499 0.0%
>=$1,500 100.0%
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 $8,630 would therefore be considered affordable for annual household incomes greater than $345,200 (12 months x 3.333 x $8,630).

Rent % Affordability
Above $500 75.2%
Above $700 70.1%
Above $1,100 60.0%
Above $1,500 51.4%
Above $1,900 45.1%
HOUSEHOLD INCOME RANGE

Approximately -2,784 of households in this neighborhood have a total annual income of $345,200 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $8,630 per month.

MINIMUM INCOME RANGE : $345,200

Income % Distribution
<$20K 24.8%
$20K-$35K 10.8%
$35K-$60K 12.9%
$60K-$100K 13.2%
>=$100K 38.2%
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.

Time (mins) % Distribution
<5 mins 1.7%
5-9 mins 9.9%
10-14 mins 16.5%
15-19 mins 21.4%
20-29 mins 21.6%
30-44 mins 19.2%
45-59 mins 5.8%
>60 mins 4.0%
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 $8,630 per month.

MY RENT : $8,630 MEDIAN RENT : $5,416

Rent % Distribution
$500-699 0.0%
$700-899 0.0%
$900-999 0.0%
$1,000-1,499 0.0%
>=$1,500 100.0%
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 $8,630 would therefore be considered affordable for annual household incomes greater than $345,200 (12 months x 3.333 x $8,630).

Rent % Affordability
Above $500 75.2%
Above $700 70.1%
Above $1,100 60.0%
Above $1,500 51.4%
Above $1,900 45.1%
HOUSEHOLD INCOME RANGE

Approximately -2,784 of households in this neighborhood have a total annual income of $345,200 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $8,630 per month.

MINIMUM INCOME RANGE : $345,200

Income % Distribution
<$20K 24.8%
$20K-$35K 10.8%
$35K-$60K 12.9%
$60K-$100K 13.2%
>=$100K 38.2%
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.

Time (mins) % Distribution
<5 mins 1.7%
5-9 mins 9.9%
10-14 mins 16.5%
15-19 mins 21.4%
20-29 mins 21.6%
30-44 mins 19.2%
45-59 mins 5.8%
>60 mins 4.0%

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%

1645 Malcolm Ave 302 Comps

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1645 Malcolm Ave 302, Los Angeles, CA 90024 is a single family home of 2,807 sqft. HomeUnion INVESTimateĀ® for 1645 Malcolm Ave 302 includes a Price Estimate of $1,891,050 and a Rent Estimate of $8,630. This single family home has 4 bedrooms,5 bathrooms, and was built in 1991. This property has an estimated 15 year annualized Yield of 5.48% and Total Return of 24.71%. The estimated 1 year forecast in home value for 1645 Malcolm Ave 302 is 7.14%.

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 90024 Zipcode. Nearby Zipcodes include Zipcode1 and Zipcode2

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