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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

507 Glenrock Ave 201 Los Angeles, CA 90024

2 Beds 2 Baths 950 sqft Built 1987
Last updated:  Jan 23, 2020

INVESTimate

$672,337

$571K - $773K

Price Est.

$3,269

$3.0K - $3.6K

Rent Est.

$738,495  ( +9.84%)   1 YR EST. FORECAST
  
  
  

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507 Glenrock Ave 201 PROPERTY INFO

FACTS
  • Built In 1987
  • Price/Sqft : $707.72
CONSTRUCTION
  • Beds : 2
  • Floor Size : 950 sqft
  • Baths : 2 Full

507 Glenrock Ave 201 SCHOOLS

NAME EDUCATIONAL LEVEL SCHOOL TYPE # OF STUDENTS # OF TEACHERS GREATSCHOOLS RATING
WARNER AVENUE ELEMENTARY SCHOOL Primary Regular 679 29 NA
EMERSON COMMUNITY CHARTER SCHOOL Middle Regular 819 32 5
UNIVERSITY SENIOR HIGH SCHOOL High Regular 2,023 86 6

WARNER AVENUE ELEMENTARY SCHOOL

  • Education Level: Primary
  • # of students: 679
  • # of teachers: 29
-1
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 North Village

  • 12,661

    POPULATION
  • 4,151

    HOUSEHOLDS
  • 89.8%

    WHITE COLLAR

Neighborhood : Westwood North Village

HOUSEHOLDS
4,151
POPULATION

12,661

96.4%Renters
3.6%Home Owners
LABOR FORCE

 

89.8%White Collar
10.2%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 $3,269 per month.

MY RENT : $3,269 MEDIAN RENT : $3,115

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 $3,269 would therefore be considered affordable for annual household incomes greater than $130,760 (12 months x 3.333 x $3,269).

Rent % Affordability
Above $500 46.9%
Above $700 38.4%
Above $1,100 26.2%
Above $1,500 18.3%
Above $1,900 13.9%
HOUSEHOLD INCOME RANGE

Approximately 196 of households in this neighborhood have a total annual income of $130,760 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $3,269 per month.

MINIMUM INCOME RANGE : $130,760

Income % Distribution
<$20K 53.1%
$20K-$35K 17.0%
$35K-$60K 11.6%
$60K-$100K 8.4%
>=$100K 9.9%
COMMUTE TIME DISTRIBUTION

71% of the working population has a commute time of 15 to 44 minutes, 24% has a commute time of 14 minutes or less and 6% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 0.2%
5-9 mins 9.1%
10-14 mins 14.5%
15-19 mins 28.3%
20-29 mins 24.1%
30-44 mins 18.1%
45-59 mins 4.1%
>60 mins 1.6%
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 $3,269 per month.

MY RENT : $3,269 MEDIAN RENT : $3,115

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 $3,269 would therefore be considered affordable for annual household incomes greater than $130,760 (12 months x 3.333 x $3,269).

Rent % Affordability
Above $500 46.9%
Above $700 38.4%
Above $1,100 26.2%
Above $1,500 18.3%
Above $1,900 13.9%
HOUSEHOLD INCOME RANGE

Approximately 196 of households in this neighborhood have a total annual income of $130,760 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $3,269 per month.

MINIMUM INCOME RANGE : $130,760

Income % Distribution
<$20K 53.1%
$20K-$35K 17.0%
$35K-$60K 11.6%
$60K-$100K 8.4%
>=$100K 9.9%
COMMUTE TIME DISTRIBUTION

71% of the working population has a commute time of 15 to 44 minutes, 24% has a commute time of 14 minutes or less and 6% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 0.2%
5-9 mins 9.1%
10-14 mins 14.5%
15-19 mins 28.3%
20-29 mins 24.1%
30-44 mins 18.1%
45-59 mins 4.1%
>60 mins 1.6%

Westwood North Village Demographics

INDUSTRY

Industry % Distribution
Arts & Entertainment 16.3%
Educational Services 42.8%
Health Care & Social Assistance 9.6%
Information 3.8%
Professional & Scientific Tech Services 6.5%
Retail & Wholesale Trader 7.8%
Other 13.1%
AGE DISTRIBUTION

25% of the population is between the ages of 25 and 64, 75% is 24 or younger and 1% is 65 or older.

Age % Distribution
<15 1.3%
15-19 9.2%
20-24 64.3%
25-44 20.3%
45-65 4.2%
66+ 0.6%
OCCUPATION

Occupation % Distribution
Adesm 13.1%
Computer Engineering 6.4%
Construction 20.3%
Healthcare 14.7%
Management, Business, & Financial 17.0%
Sales & Office 16.5%
Other 12.0%
HIGHEST EDUCATION LEVEL

40% of adults 25 and older have an education level of a bachelor's degree or higher.

Education Level % Distribution
Doctorate 8.0%
Masters Degree 20.4%
Professional 8.5%
Some College 13.7%
Some High School 3.5%
Other 45.9%

507 Glenrock Ave 201 Comps

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507 Glenrock Ave 201, Los Angeles, CA 90024 is a single family home of 950 sqft. HomeUnion INVESTimateĀ® for 507 Glenrock Ave 201 includes a Price Estimate of $672,337 and a Rent Estimate of $3,269. This single family home has 2 bedrooms,2 bathrooms, and was built in 1987. This property has an estimated 15 year annualized Yield of 5.83% and Total Return of 29.06%. The estimated 1 year forecast in home value for 507 Glenrock Ave 201 is 9.84%.

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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