INVESTimate
$89,372
Financial Details8625 Prince Ave PROPERTY INFO
FACTS
- Built In 1928
- Price/Sqft : $362.79
CONSTRUCTION
- Beds : 1
- Floor Size : 810 sqft
- Baths : 1 Full
PROPERTY DESCRIPTION
8625 Prince Ave, Los Angeles, CA 90002 is a single family home of 810 sqft. HomeUnion estimate for 8625 Prince Ave includes a Price Estimate of $293,858 and a Rent Estimate of $1,630. This single family home has 1 bedrooms, 1 bathrooms, and was built in 1928. This property has an estimated 15 year annualized Yield of 6.66% and Total Return of 35.31%. The estimated 1 year forecast in home value for 8625 Prince Ave is 12.65%.OTHER REAL ESTATE INVESTMENT PROPERTIES
The following properties with Estimated Highest Gross Yields are available in other markets.
8625 Prince Ave SCHOOLS
Financial Details
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Florence-Graham
Neighborhood : Florence-Graham
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 $1,630 per month.
MY RENT : $1,630 MEDIAN RENT : $2,323
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 $1,630 would therefore be considered affordable for annual household incomes greater than $65,200 (12 months x 3.333 x $1,630).
HOUSEHOLD INCOME RANGE
Approximately 1,848 of households in this neighborhood have a total annual income of $65,200 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $1,630 per month.
MINIMUM INCOME RANGE : $65,200
COMMUTE TIME DISTRIBUTION
66% of the working population has a commute time of 15 to 44 minutes, 13% has a commute time of 14 minutes or less and 21% has a commute time of 45 minutes or longer.
Florence-Graham Demographics
INDUSTRY
| Industry | % Distribution |
|---|---|
| Administrative Support | 7.3% |
| Arts & Entertainment | 9.1% |
| Construction | 9.3% |
| Health Care & Social Assistance | 8.9% |
| Manufacturing | 21.0% |
| Retail & Wholesale Trader | 18.3% |
| Other | 26.0% |
AGE DISTRIBUTION
48% of the population is between the ages of 25 and 64, 46% is 24 or younger and 6% is 65 or older.
| Age | % Distribution |
|---|---|
| <15 | 26.9% |
| 15-19 | 9.1% |
| 20-24 | 9.5% |
| 25-44 | 29.6% |
| 45-65 | 18.4% |
| 66+ | 6.4% |
OCCUPATION
| Occupation | % Distribution |
|---|---|
| Clean | 6.8% |
| Education | 3.9% |
| Healthcare | 4.2% |
| Natural Resources Maintenance | 14.0% |
| Production & Transportation | 37.3% |
| Sales & Office | 20.4% |
| Other | 13.4% |
HIGHEST EDUCATION LEVEL
3% of adults 25 and older have an education level of a bachelor's degree or higher.
| Education Level | % Distribution |
|---|---|
| Associates Degree | 2.3% |
| High School | 23.3% |
| Masters Degree | 0.6% |
| Some College | 11.4% |
| Some High School | 58.5% |
| Other | 3.8% |
8625 Prince Ave Comps
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