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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

470 Betty Ave East Los Angeles, CA 90022

8 Beds 4 Baths 1,536 sqft Built 1963
Last updated:  Jan 23, 2020

INVESTimate

$488,194

$460K - $516K

Price Est.

$4,108

$3.6K - $4.6K

Rent Est.

$541,358  ( +10.89%)   1 YR EST. FORECAST
  
  
  

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470 Betty Ave PROPERTY INFO

FACTS
  • Built In 1963
  • Price/Sqft : $317.83
CONSTRUCTION
  • Beds : 8
  • Floor Size : 1,536 sqft
  • Baths : 4 Full

470 Betty Ave SCHOOLS

NAME EDUCATIONAL LEVEL SCHOOL TYPE # OF STUDENTS # OF TEACHERS GREATSCHOOLS RATING
HUMPHREYS AVENUE ELEMENTARY SCHOOL Primary Regular 824 33 3
GRIFFITH MIDDLE SCHOOL Middle Regular 1,421 78 2
HILDA L SOLIS LEARNING ACADEMY High Unknown NA

HUMPHREYS AVENUE ELEMENTARY SCHOOL

  • Education Level: Primary
  • # of students: 824
  • # of teachers: 33
3
GreatSchools Rating

GRIFFITH MIDDLE SCHOOL

  • Education Level: Middle
  • # of students: 1,421
  • # of teachers: 78
2
GreatSchools Rating

HILDA L SOLIS LEARNING ACADEMY

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

Financial Details

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Neighborhood

East Los Angeles

  • 124,097

    POPULATION
  • 30,956

    HOUSEHOLDS
  • 35.3%

    WHITE COLLAR

Neighborhood : East Los Angeles

HOUSEHOLDS
30,956
POPULATION

124,097

65.8%Renters
34.2%Home Owners
LABOR FORCE

 

35.3%White Collar
64.7%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 $4,108 per month.

MY RENT : $4,108 MEDIAN RENT : $2,452

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 $4,108 would therefore be considered affordable for annual household incomes greater than $164,320 (12 months x 3.333 x $4,108).

Rent % Affordability
Above $500 76.2%
Above $700 64.3%
Above $1,100 44.4%
Above $1,500 29.8%
Above $1,900 18.8%
HOUSEHOLD INCOME RANGE

Approximately 966 of households in this neighborhood have a total annual income of $164,320 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $4,108 per month.

MINIMUM INCOME RANGE : $164,320

Income % Distribution
<$20K 23.8%
$20K-$35K 21.5%
$35K-$60K 25.0%
$60K-$100K 20.7%
>=$100K 9.1%
COMMUTE TIME DISTRIBUTION

68% of the working population has a commute time of 15 to 44 minutes, 14% has a commute time of 14 minutes or less and 18% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 1.2%
5-9 mins 3.6%
10-14 mins 9.6%
15-19 mins 11.6%
20-29 mins 27.2%
30-44 mins 28.9%
45-59 mins 8.6%
>60 mins 9.3%
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 $4,108 per month.

MY RENT : $4,108 MEDIAN RENT : $2,452

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 $4,108 would therefore be considered affordable for annual household incomes greater than $164,320 (12 months x 3.333 x $4,108).

Rent % Affordability
Above $500 76.2%
Above $700 64.3%
Above $1,100 44.4%
Above $1,500 29.8%
Above $1,900 18.8%
HOUSEHOLD INCOME RANGE

Approximately 966 of households in this neighborhood have a total annual income of $164,320 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $4,108 per month.

MINIMUM INCOME RANGE : $164,320

Income % Distribution
<$20K 23.8%
$20K-$35K 21.5%
$35K-$60K 25.0%
$60K-$100K 20.7%
>=$100K 9.1%
COMMUTE TIME DISTRIBUTION

68% of the working population has a commute time of 15 to 44 minutes, 14% has a commute time of 14 minutes or less and 18% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 1.2%
5-9 mins 3.6%
10-14 mins 9.6%
15-19 mins 11.6%
20-29 mins 27.2%
30-44 mins 28.9%
45-59 mins 8.6%
>60 mins 9.3%

East Los Angeles Demographics

INDUSTRY

Industry % Distribution
Arts & Entertainment 10.1%
Construction 9.1%
Health Care & Social Assistance 9.7%
Manufacturing 14.8%
Retail & Wholesale Trader 18.6%
Transportation 8.1%
Other 29.6%
AGE DISTRIBUTION

50% of the population is between the ages of 25 and 64, 41% is 24 or younger and 10% is 65 or older.

Age % Distribution
<15 23.0%
15-19 8.3%
20-24 9.3%
25-44 29.7%
45-65 20.0%
66+ 9.7%
OCCUPATION

Occupation % Distribution
Clean 6.7%
Education 4.8%
Management, Business, & Financial 6.0%
Natural Resources Maintenance 13.3%
Production & Transportation 29.6%
Sales & Office 24.4%
Other 15.2%
HIGHEST EDUCATION LEVEL

6% of adults 25 and older have an education level of a bachelor's degree or higher.

Education Level % Distribution
Associates Degree 4.3%
High School 22.5%
Masters Degree 1.0%
Some College 13.7%
Some High School 53.2%
Other 5.3%

470 Betty Ave Comps

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470 Betty Ave, East Los Angeles, CA 90022 is a single family home of 1,536 sqft. HomeUnion INVESTimateĀ® for 470 Betty Ave includes a Price Estimate of $488,194 and a Rent Estimate of $4,108. This single family home has 8 bedrooms,4 bathrooms, and was built in 1963. This property has an estimated 15 year annualized Yield of 10.10% and Total Return of 44.54%. The estimated 1 year forecast in home value for 470 Betty Ave is 10.89%.

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 90022 Zipcode. Nearby Zipcodes include Zipcode1 and Zipcode2

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