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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.

8768 Prince Ave Los Angeles, CA 90002

2 Beds 1 Baths 992 sqft Built 1925
Last updated:  Jan 23, 2020

INVESTimate

$412,405

$389K - $436K

Price Est.

$2,314

$2.0K - $2.6K

Rent Est.

$464,574  ( +12.65%)   1 YR EST. FORECAST

8768 Prince Ave PROPERTY INFO

FACTS
  • Built In 1925
  • Price/Sqft : $415.73
CONSTRUCTION
  • Beds : 2
  • Floor Size : 992 sqft
  • Baths : 1 Full
PROPERTY DESCRIPTION
8768 Prince Ave, Los Angeles, CA 90002 is a single family home of 992 sqft. HomeUnion estimate for 8768 Prince Ave includes a Price Estimate of $412,405 and a Rent Estimate of $2,314. This single family home has 2 bedrooms, 1 bathrooms, and was built in 1925. This property has an estimated 15 year annualized Yield of 6.73% and Total Return of 36.30%. The estimated 1 year forecast in home value for 8768 Prince Ave is 12.65%.
  
  
  

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8768 Prince Ave SCHOOLS

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

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

Florence-Graham

  • 63,100

    POPULATION
  • 14,359

    HOUSEHOLDS
  • 27.0%

    WHITE COLLAR

Neighborhood : Florence-Graham

HOUSEHOLDS
14,359
POPULATION

63,100

65.8%Renters
34.2%Home Owners
LABOR FORCE

 

27.0%White Collar
73.0%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 $2,314 per month.

MY RENT : $2,314 MEDIAN RENT : $2,323

Rent % Distribution LEVEL
$500-699 0.0%
$700-899 0.0%
$900-999 0.0%
$1,000-1,499 0.6%
>=$1,500 99.4%
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 $2,314 would therefore be considered affordable for annual household incomes greater than $92,560 (12 months x 3.333 x $2,314).

Rent % Affordability
Above $500 72.3%
Above $700 58.6%
Above $1,100 36.3%
Above $1,500 23.2%
Above $1,900 15.4%
HOUSEHOLD INCOME RANGE

Approximately 1,224 of households in this neighborhood have a total annual income of $92,560 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $2,314 per month.

MINIMUM INCOME RANGE : $92,560

Income % Distribution
<$20K 27.7%
$20K-$35K 23.9%
$35K-$60K 25.2%
$60K-$100K 15.9%
>=$100K 7.3%
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.

Time (mins) % Distribution
<5 mins 0.8%
5-9 mins 5.2%
10-14 mins 7.0%
15-19 mins 9.9%
20-29 mins 22.5%
30-44 mins 33.5%
45-59 mins 8.0%
>60 mins 13.3%
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 $2,314 per month.

MY RENT : $2,314 MEDIAN RENT : $2,323

Rent % Distribution
$500-699 0.0%
$700-899 0.0%
$900-999 0.0%
$1,000-1,499 0.6%
>=$1,500 99.4%
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 $2,314 would therefore be considered affordable for annual household incomes greater than $92,560 (12 months x 3.333 x $2,314).

Rent % Affordability
Above $500 72.3%
Above $700 58.6%
Above $1,100 36.3%
Above $1,500 23.2%
Above $1,900 15.4%
HOUSEHOLD INCOME RANGE

Approximately 1,224 of households in this neighborhood have a total annual income of $92,560 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $2,314 per month.

MINIMUM INCOME RANGE : $92,560

Income % Distribution
<$20K 27.7%
$20K-$35K 23.9%
$35K-$60K 25.2%
$60K-$100K 15.9%
>=$100K 7.3%
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.

Time (mins) % Distribution
<5 mins 0.8%
5-9 mins 5.2%
10-14 mins 7.0%
15-19 mins 9.9%
20-29 mins 22.5%
30-44 mins 33.5%
45-59 mins 8.0%
>60 mins 13.3%

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%

8768 Prince Ave Comps

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