Sell Your Property on INVESTimate

Easily ACcess a network of motivated buyers
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

...MORE

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

2617 Griffith Ave Los Angeles, CA 90011

3 Beds 1 Baths 874 sqft Built 1901
Last updated:  Jan 23, 2020

INVESTimate

$208,368

$191K - $225K

Price Est.

$1,857

$1.5K - $2.2K

Rent Est.

$224,141  ( +7.57%)   1 YR EST. FORECAST
  
  
  

The following properties with Estimated Highest Gross Yields are available in other markets.

  • 27440 N ALMA SCHOOL Parkway #36-2 Scottsdale, AZ
    • 3 beds 3 baths ∙ 3,014 Sqft ∙ Built 2003 3 beds 3 baths ∙ 3,014 Sqft ∙ Built 2003
    AVAILABLE
    • 16.86% GROSS YIELD
    • $13,766 NET OPERATING INCOME
    • Purchase Price
    • Investment
    • Projected Rent
    • $210,000
    • $61,400
    • $2,950
  • 3475 SILSBY RD University Heights, OH
    • 3 beds 1 baths ∙ 1,336 Sqft ∙ Built 1926 3 beds 1 baths ∙ 1,336 Sqft ∙ Built 1926
    AVAILABLE
    • 16.68% GROSS YIELD
    • $5,660 NET OPERATING INCOME
    • Purchase Price
    • Investment
    • Projected Rent
    • $84,900
    • $28,248
    • $1,180
  • 4513 LILAC RD South Euclid, OH
    • 3 beds 1 baths ∙ 1,283 Sqft ∙ Built 1930 3 beds 1 baths ∙ 1,283 Sqft ∙ Built 1930
    AVAILABLE
    • 16.67% GROSS YIELD
    • $5,208 NET OPERATING INCOME
    • Purchase Price
    • Investment
    • Projected Rent
    • $79,900
    • $26,924
    • $1,110
  • 5514 HOLLYWOOD AVE Maple Heights, OH
    • 3 beds 2 baths ∙ 1,354 Sqft ∙ Built 1944 3 beds 2 baths ∙ 1,354 Sqft ∙ Built 1944
    AVAILABLE
    • 16.33% GROSS YIELD
    • $5,190 NET OPERATING INCOME
    • Purchase Price
    • Investment
    • Projected Rent
    • $72,000
    • $30,580
    • $980

2617 Griffith Ave PROPERTY INFO

FACTS
  • Built In 1901
  • Price/Sqft : $238.41
CONSTRUCTION
  • Beds : 3
  • Floor Size : 874 sqft
  • Baths : 1 Full

2617 Griffith Ave SCHOOLS

NAME EDUCATIONAL LEVEL SCHOOL TYPE # OF STUDENTS # OF TEACHERS GREATSCHOOLS RATING
28TH STREET ELEMENTARY SCHOOL Primary Regular 797 34 3
JOHN ADAMS MIDDLE SCHOOL Middle Regular 1,081 61 3
NAVA COLLEGE PREPARATORY ACADEMY High Unknown NA

28TH STREET ELEMENTARY SCHOOL

  • Education Level: Primary
  • # of students: 797
  • # of teachers: 34
3
GreatSchools Rating

JOHN ADAMS MIDDLE SCHOOL

  • Education Level: Middle
  • # of students: 1,081
  • # of teachers: 61
3
GreatSchools Rating

NAVA COLLEGE PREPARATORY ACADEMY

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

Financial Details

See Financial Details

To review the detailed projections for this property, sign up for a FREE account

Already have an account?
Neighborhood

South Central LA

  • 48,836

    POPULATION
  • 11,073

    HOUSEHOLDS
  • 25.0%

    WHITE COLLAR

Neighborhood : South Central LA

HOUSEHOLDS
11,073
POPULATION

48,836

81.2%Renters
18.8%Home Owners
LABOR FORCE

 

25.0%White Collar
75.0%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 $1,857 per month.

MY RENT : $1,857 MEDIAN RENT : $2,689

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 $1,857 would therefore be considered affordable for annual household incomes greater than $74,280 (12 months x 3.333 x $1,857).

Rent % Affordability
Above $500 65.5%
Above $700 51.5%
Above $1,100 30.2%
Above $1,500 16.2%
Above $1,900 9.7%
HOUSEHOLD INCOME RANGE

Approximately 955 of households in this neighborhood have a total annual income of $74,280 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $1,857 per month.

MINIMUM INCOME RANGE : $74,280

Income % Distribution
<$20K 34.5%
$20K-$35K 24.5%
$35K-$60K 24.7%
$60K-$100K 10.2%
>=$100K 6.0%
COMMUTE TIME DISTRIBUTION

67% of the working population has a commute time of 15 to 44 minutes, 17% has a commute time of 14 minutes or less and 16% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 0.6%
5-9 mins 4.9%
10-14 mins 11.0%
15-19 mins 13.0%
20-29 mins 22.5%
30-44 mins 31.7%
45-59 mins 6.5%
>60 mins 9.8%
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 $1,857 per month.

MY RENT : $1,857 MEDIAN RENT : $2,689

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 $1,857 would therefore be considered affordable for annual household incomes greater than $74,280 (12 months x 3.333 x $1,857).

Rent % Affordability
Above $500 65.5%
Above $700 51.5%
Above $1,100 30.2%
Above $1,500 16.2%
Above $1,900 9.7%
HOUSEHOLD INCOME RANGE

Approximately 955 of households in this neighborhood have a total annual income of $74,280 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $1,857 per month.

MINIMUM INCOME RANGE : $74,280

Income % Distribution
<$20K 34.5%
$20K-$35K 24.5%
$35K-$60K 24.7%
$60K-$100K 10.2%
>=$100K 6.0%
COMMUTE TIME DISTRIBUTION

67% of the working population has a commute time of 15 to 44 minutes, 17% has a commute time of 14 minutes or less and 16% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 0.6%
5-9 mins 4.9%
10-14 mins 11.0%
15-19 mins 13.0%
20-29 mins 22.5%
30-44 mins 31.7%
45-59 mins 6.5%
>60 mins 9.8%

South Central LA Demographics

INDUSTRY

Industry % Distribution
Administrative Support 8.0%
Arts & Entertainment 10.5%
Construction 7.3%
Health Care & Social Assistance 6.1%
Manufacturing 26.5%
Retail & Wholesale Trader 19.8%
Other 21.9%
AGE DISTRIBUTION

52% of the population is between the ages of 25 and 64, 43% is 24 or younger and 5% is 65 or older.

Age % Distribution
<15 25.6%
15-19 8.7%
20-24 8.7%
25-44 32.6%
45-65 19.6%
66+ 4.8%
OCCUPATION

Occupation % Distribution
Clean 6.7%
Education 6.6%
Healthcare 2.7%
Natural Resources Maintenance 11.1%
Production & Transportation 41.8%
Sales & Office 21.1%
Other 9.9%
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 2.7%
High School 20.9%
Masters Degree 0.6%
Some College 10.2%
Some High School 61.7%
Other 3.9%

2617 Griffith Ave Comps

Sorry, we do not have sufficient data available.

2617 Griffith Ave, Los Angeles, CA 90011 is a single family home of 874 sqft. HomeUnion INVESTimateĀ® for 2617 Griffith Ave includes a Price Estimate of $208,368 and a Rent Estimate of $1,857. This single family home has 3 bedrooms,1 bathrooms, and was built in 1901. This property has an estimated 15 year annualized Yield of 10.69% and Total Return of 38.93%. The estimated 1 year forecast in home value for 2617 Griffith Ave 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

Similar Investment Properties By Bed/Bath within 2 miles

No Properties available

Similar Investment Properties By List Price within 2 miles

  1. 5219 Towne Ave
  2. 119 E 52nd St
  3. 115 E 52nd St
  4. 5515 Ascot Ave
  5. 5514 Towne Ave
  6. 5524 Towne Ave