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29003 Indian Valley Rd PROPERTY INFO
FACTS
- Built In 1965
- Price/Sqft : $755.02
CONSTRUCTION
- Beds : 4
- Floor Size : 2,109 sqft
- Baths : 3 Full
29003 Indian Valley Rd SCHOOLS
Financial Details
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Rancho Palos Verdes
Neighborhood : Rancho Palos Verdes
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 $4,566 per month.
MY RENT : $4,566 MEDIAN RENT : $4,442
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 $4,566 would therefore be considered affordable for annual household incomes greater than $182,640 (12 months x 3.333 x $4,566).
HOUSEHOLD INCOME RANGE
Approximately 2,526 of households in this neighborhood have a total annual income of $182,640 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $4,566 per month.
MINIMUM INCOME RANGE : $182,640
COMMUTE TIME DISTRIBUTION
62% of the working population has a commute time of 15 to 44 minutes, 13% has a commute time of 14 minutes or less and 25% has a commute time of 45 minutes or longer.
Rancho Palos Verdes Demographics
INDUSTRY
Industry | % Distribution |
---|---|
Educational Services | 10.7% |
Health Care & Social Assistance | 13.3% |
Manufacturing | 13.4% |
Professional & Scientific Tech Services | 12.9% |
Retail & Wholesale Trader | 14.0% |
Transportation | 6.1% |
Other | 29.6% |
AGE DISTRIBUTION
48% of the population is between the ages of 25 and 64, 27% is 24 or younger and 26% is 65 or older.
Age | % Distribution |
---|---|
<15 | 16.4% |
15-19 | 6.8% |
20-24 | 3.5% |
25-44 | 16.6% |
45-65 | 31.2% |
66+ | 25.5% |
OCCUPATION
Occupation | % Distribution |
---|---|
Computer Engineering | 9.7% |
Construction | 5.6% |
Healthcare | 8.5% |
Management, Business, & Financial | 36.2% |
Production & Transportation | 4.4% |
Sales & Office | 23.4% |
Other | 12.2% |
HIGHEST EDUCATION LEVEL
38% of adults 25 and older have an education level of a bachelor's degree or higher.
Education Level | % Distribution |
---|---|
Associates Degree | 7.1% |
High School | 10.0% |
Masters Degree | 18.5% |
Professional | 7.9% |
Some College | 15.3% |
Other | 41.2% |
29003 Indian Valley Rd Comps
29003 Indian Valley Rd, Rancho Palos Verdes, CA 90275 is a single family home of 2,109 sqft. HomeUnion INVESTimateĀ® for 29003 Indian Valley Rd includes a Price Estimate of $1,592,339 and a Rent Estimate of $4,566. This single family home has 4 bedrooms,3 bathrooms, and was built in 1965. This property has an estimated 15 year annualized Yield of 3.44% and Total Return of 12.75%. The estimated 1 year forecast in home value for 29003 Indian Valley Rd is 5.06%.
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