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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

9324 Clovis Ave Los Angeles, CA 90002

2 Beds 1 Baths 1,004 sqft Built 1947
Last updated:  Jan 23, 2020

INVESTimate

$376,898

$356K - $398K

Price Est.

$1,884

$1.6K - $2.1K

Rent Est.

$428,458  ( +13.68%)   1 YR EST. FORECAST
  
  
  

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9324 Clovis Ave PROPERTY INFO

FACTS
  • Built In 1947
  • Price/Sqft : $375.40
CONSTRUCTION
  • Beds : 2
  • Floor Size : 1,004 sqft
  • Baths : 1 Full

9324 Clovis Ave SCHOOLS

NAME EDUCATIONAL LEVEL SCHOOL TYPE # OF STUDENTS # OF TEACHERS GREATSCHOOLS RATING
99TH STREET ELEMENTARY SCHOOL Primary Regular 612 23 3
99TH STREET ELEMENTARY SCHOOL Middle Regular 612 23 3

99TH STREET ELEMENTARY SCHOOL

  • Education Level: Primary
  • # of students: 612
  • # of teachers: 23
3
GreatSchools Rating

99TH STREET ELEMENTARY SCHOOL

  • Education Level: Middle
  • # of students: 612
  • # of teachers: 23
3
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 $1,884 per month.

MY RENT : $1,884 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 $1,884 would therefore be considered affordable for annual household incomes greater than $75,360 (12 months x 3.333 x $1,884).

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 905 of households in this neighborhood have a total annual income of $75,360 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $1,884 per month.

MINIMUM INCOME RANGE : $75,360

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 $1,884 per month.

MY RENT : $1,884 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 $1,884 would therefore be considered affordable for annual household incomes greater than $75,360 (12 months x 3.333 x $1,884).

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 905 of households in this neighborhood have a total annual income of $75,360 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $1,884 per month.

MINIMUM INCOME RANGE : $75,360

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%

9324 Clovis Ave Comps

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9324 Clovis Ave, Los Angeles, CA 90002 is a single family home of 1,004 sqft. HomeUnion INVESTimateĀ® for 9324 Clovis Ave includes a Price Estimate of $376,898 and a Rent Estimate of $1,884. This single family home has 2 bedrooms,1 bathrooms, and was built in 1947. This property has an estimated 15 year annualized Yield of 6.00% and Total Return of 36.38%. The estimated 1 year forecast in home value for 9324 Clovis Ave 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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