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This page contains information about each property aggregated from public data sources, 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.

716 E 73rd St Los Angeles, CA 90001

4 Beds 3 Baths 1,540 sqft Built 1924
Last updated:  Jan 23, 2020

INVESTimate

$602,919

$553K - $652K

Price Est.

$2,835

$2.4K - $3.3K

Rent Est.

$694,744  ( +15.23%)   1 YR EST. FORECAST

716 E 73rd St PROPERTY INFO

FACTS
  • Built In 1924
  • Price/Sqft : $391.51
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,540 sqft
  • Baths : 3 Full
PROPERTY DESCRIPTION
716 E 73rd St, Los Angeles, CA 90001 is a single family home of 1,540 sqft. HomeUnion estimate for 716 E 73rd St includes a Price Estimate of $602,919 and a Rent Estimate of $2,835. This single family home has 4 bedrooms, 3 bathrooms, and was built in 1924. This property has an estimated 15 year annualized Yield of 5.64% and Total Return of 42.82%. The estimated 1 year forecast in home value for 716 E 73rd St is 15.23%.
  
  
  

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716 E 73rd St SCHOOLS

NAME EDUCATIONAL LEVEL SCHOOL TYPE # OF STUDENTS # OF TEACHERS GREATSCHOOLS RATING
THOMAS A EDISON MIDDLE SCHOOL Middle Regular 1,166 60 2
MERVYN M DYMALLY SENIOR HIGH High Unknown NA

THOMAS A EDISON MIDDLE SCHOOL

  • Education Level: Middle
  • # of students: 1,166
  • # of teachers: 60
2
GreatSchools Rating

MERVYN M DYMALLY SENIOR HIGH

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

Financial Details

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Neighborhood

Florence

  • 51,265

    POPULATION
  • 12,002

    HOUSEHOLDS
  • 27.9%

    WHITE COLLAR

Neighborhood : Florence

HOUSEHOLDS
12,002
POPULATION

51,265

68.7%Renters
31.3%Home Owners
LABOR FORCE

 

27.9%White Collar
72.1%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 $2,835 per month.

MY RENT : $2,835 MEDIAN RENT : $2,390

Rent % Distribution LEVEL
$500-699 0.0%
$700-899 0.0%
$900-999 0.0%
$1,000-1,499 0.1%
>=$1,500 99.9%
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 $2,835 would therefore be considered affordable for annual household incomes greater than $113,400 (12 months x 3.333 x $2,835).

Rent % Affordability
Above $500 68.2%
Above $700 53.8%
Above $1,100 33.4%
Above $1,500 20.1%
Above $1,900 12.1%
HOUSEHOLD INCOME RANGE

Approximately 374 of households in this neighborhood have a total annual income of $113,400 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $2,835 per month.

MINIMUM INCOME RANGE : $113,400

Income % Distribution
<$20K 31.8%
$20K-$35K 24.0%
$35K-$60K 24.1%
$60K-$100K 14.4%
>=$100K 5.7%
COMMUTE TIME DISTRIBUTION

65% of the working population has a commute time of 15 to 44 minutes, 11% has a commute time of 14 minutes or less and 24% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 1.0%
5-9 mins 4.5%
10-14 mins 5.4%
15-19 mins 11.3%
20-29 mins 18.4%
30-44 mins 35.4%
45-59 mins 8.1%
>60 mins 15.9%
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 $2,835 per month.

MY RENT : $2,835 MEDIAN RENT : $2,390

Rent % Distribution
$500-699 0.0%
$700-899 0.0%
$900-999 0.0%
$1,000-1,499 0.1%
>=$1,500 99.9%
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 $2,835 would therefore be considered affordable for annual household incomes greater than $113,400 (12 months x 3.333 x $2,835).

Rent % Affordability
Above $500 68.2%
Above $700 53.8%
Above $1,100 33.4%
Above $1,500 20.1%
Above $1,900 12.1%
HOUSEHOLD INCOME RANGE

Approximately 374 of households in this neighborhood have a total annual income of $113,400 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $2,835 per month.

MINIMUM INCOME RANGE : $113,400

Income % Distribution
<$20K 31.8%
$20K-$35K 24.0%
$35K-$60K 24.1%
$60K-$100K 14.4%
>=$100K 5.7%
COMMUTE TIME DISTRIBUTION

65% of the working population has a commute time of 15 to 44 minutes, 11% has a commute time of 14 minutes or less and 24% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 1.0%
5-9 mins 4.5%
10-14 mins 5.4%
15-19 mins 11.3%
20-29 mins 18.4%
30-44 mins 35.4%
45-59 mins 8.1%
>60 mins 15.9%

Florence Demographics

INDUSTRY

Industry % Distribution
Arts & Entertainment 12.4%
Construction 8.1%
Health Care & Social Assistance 7.2%
Manufacturing 17.4%
Retail & Wholesale Trader 18.9%
Transportation 7.0%
Other 29.0%
AGE DISTRIBUTION

48% of the population is between the ages of 25 and 64, 46% is 24 or younger and 5% is 65 or older.

Age % Distribution
<15 28.0%
15-19 9.6%
20-24 8.7%
25-44 28.6%
45-65 19.8%
66+ 5.2%
OCCUPATION

Occupation % Distribution
Clean 8.5%
Education 7.3%
Management, Business, & Financial 5.0%
Natural Resources Maintenance 12.9%
Production & Transportation 32.0%
Sales & Office 21.9%
Other 12.4%
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 3.1%
High School 26.8%
Masters Degree 0.5%
Some College 11.6%
Some High School 53.3%
Other 4.7%

716 E 73rd St Comps

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