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527 Midvale Ave 515 PROPERTY INFO
FACTS
- Built In 1986
- Price/Sqft : $978.81
CONSTRUCTION
- Beds : 2
- Floor Size : 819 sqft
- Baths : 2 Full
527 Midvale Ave 515 SCHOOLS
Financial Details
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Westwood North Village
Neighborhood : Westwood North Village
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 $3,138 per month.
MY RENT : $3,138 MEDIAN RENT : $3,115
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 $3,138 would therefore be considered affordable for annual household incomes greater than $125,520 (12 months x 3.333 x $3,138).
HOUSEHOLD INCOME RANGE
Approximately 205 of households in this neighborhood have a total annual income of $125,520 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $3,138 per month.
MINIMUM INCOME RANGE : $125,520
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.
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% |
527 Midvale Ave 515 Comps
527 Midvale Ave 515, Los Angeles, CA 90024 is a single family home of 819 sqft. HomeUnion INVESTimateĀ® for 527 Midvale Ave 515 includes a Price Estimate of $801,642 and a Rent Estimate of $3,138. This single family home has 2 bedrooms,2 bathrooms, and was built in 1986. This property has an estimated 15 year annualized Yield of 4.70% and Total Return of 26.58%. The estimated 1 year forecast in home value for 527 Midvale Ave 515 is 9.84%.
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