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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

735 E 87th St Los Angeles, CA 90002

4 Beds 3 Baths 1,508 sqft Built 1946
Last updated:  Jan 23, 2020

INVESTimate

$404,518

$382K - $427K

Price Est.

$3,129

$2.7K - $3.5K

Rent Est.

$459,856  ( +13.68%)   1 YR EST. FORECAST
  
  
  

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735 E 87th St PROPERTY INFO

FACTS
  • Built In 1946
  • Price/Sqft : $268.25
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,508 sqft
  • Baths : 3 Full

735 E 87th St SCHOOLS

NAME EDUCATIONAL LEVEL SCHOOL TYPE # OF STUDENTS # OF TEACHERS GREATSCHOOLS RATING
SOUTH PARK ELEMENTARY SCHOOL Primary Regular 964 41 1
CHARLES DREW MIDDLE SCHOOL Middle Regular 1,170 66 1
MERVYN M DYMALLY SENIOR HIGH High Unknown NA

SOUTH PARK ELEMENTARY SCHOOL

  • Education Level: Primary
  • # of students: 964
  • # of teachers: 41
1
GreatSchools Rating

CHARLES DREW MIDDLE SCHOOL

  • Education Level: Middle
  • # of students: 1,170
  • # of teachers: 66
1
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

Green Meadows

  • 34,606

    POPULATION
  • 8,250

    HOUSEHOLDS
  • 29.9%

    WHITE COLLAR

Neighborhood : Green Meadows

HOUSEHOLDS
8,250
POPULATION

34,606

57.1%Renters
42.9%Home Owners
LABOR FORCE

 

29.9%White Collar
70.2%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 $3,129 per month.

MY RENT : $3,129 MEDIAN RENT : $2,171

Rent % Distribution LEVEL
$500-699 0.0%
$700-899 0.0%
$900-999 0.0%
$1,000-1,499 1.2%
>=$1,500 98.8%
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 $3,129 would therefore be considered affordable for annual household incomes greater than $125,160 (12 months x 3.333 x $3,129).

Rent % Affordability
Above $500 67.6%
Above $700 57.4%
Above $1,100 35.9%
Above $1,500 23.9%
Above $1,900 16.1%
HOUSEHOLD INCOME RANGE

Approximately 279 of households in this neighborhood have a total annual income of $125,160 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $3,129 per month.

MINIMUM INCOME RANGE : $125,160

Income % Distribution
<$20K 32.4%
$20K-$35K 19.8%
$35K-$60K 23.9%
$60K-$100K 17.1%
>=$100K 6.8%
COMMUTE TIME DISTRIBUTION

65% of the working population has a commute time of 15 to 44 minutes, 13% has a commute time of 14 minutes or less and 23% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 2.2%
5-9 mins 3.0%
10-14 mins 7.5%
15-19 mins 11.4%
20-29 mins 18.8%
30-44 mins 34.5%
45-59 mins 10.4%
>60 mins 12.1%
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 $3,129 per month.

MY RENT : $3,129 MEDIAN RENT : $2,171

Rent % Distribution
$500-699 0.0%
$700-899 0.0%
$900-999 0.0%
$1,000-1,499 1.2%
>=$1,500 98.8%
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 $3,129 would therefore be considered affordable for annual household incomes greater than $125,160 (12 months x 3.333 x $3,129).

Rent % Affordability
Above $500 67.6%
Above $700 57.4%
Above $1,100 35.9%
Above $1,500 23.9%
Above $1,900 16.1%
HOUSEHOLD INCOME RANGE

Approximately 279 of households in this neighborhood have a total annual income of $125,160 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $3,129 per month.

MINIMUM INCOME RANGE : $125,160

Income % Distribution
<$20K 32.4%
$20K-$35K 19.8%
$35K-$60K 23.9%
$60K-$100K 17.1%
>=$100K 6.8%
COMMUTE TIME DISTRIBUTION

65% of the working population has a commute time of 15 to 44 minutes, 13% has a commute time of 14 minutes or less and 23% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 2.2%
5-9 mins 3.0%
10-14 mins 7.5%
15-19 mins 11.4%
20-29 mins 18.8%
30-44 mins 34.5%
45-59 mins 10.4%
>60 mins 12.1%

Green Meadows Demographics

INDUSTRY

Industry % Distribution
Arts & Entertainment 9.1%
Construction 9.1%
Health Care & Social Assistance 10.9%
Manufacturing 15.7%
Retail & Wholesale Trader 16.8%
Transportation 9.1%
Other 29.3%
AGE DISTRIBUTION

47% of the population is between the ages of 25 and 64, 46% is 24 or younger and 7% is 65 or older.

Age % Distribution
<15 27.9%
15-19 8.5%
20-24 9.2%
25-44 26.7%
45-65 20.3%
66+ 7.4%
OCCUPATION

Occupation % Distribution
Clean 10.0%
Education 4.3%
Healthcare 4.7%
Natural Resources Maintenance 11.4%
Production & Transportation 31.7%
Sales & Office 23.8%
Other 14.2%
HIGHEST EDUCATION LEVEL

5% of adults 25 and older have an education level of a bachelor's degree or higher.

Education Level % Distribution
Associates Degree 3.8%
High School 25.3%
Masters Degree 1.2%
Some College 19.1%
Some High School 46.3%
Other 4.4%

735 E 87th St Comps

Sorry, we do not have sufficient data available.

735 E 87th St, Los Angeles, CA 90002 is a single family home of 1,508 sqft. HomeUnion INVESTimateĀ® for 735 E 87th St includes a Price Estimate of $404,518 and a Rent Estimate of $3,129. This single family home has 4 bedrooms,3 bathrooms, and was built in 1946. This property has an estimated 15 year annualized Yield of 9.28% and Total Return of 46.86%. The estimated 1 year forecast in home value for 735 E 87th St is 13.68%.

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 90002 Zipcode. Nearby Zipcodes include Zipcode1 and Zipcode2

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