INVESTimate
$112,995
9404 Grape St PROPERTY INFO
FACTS
- Built In 1915
- Price/Sqft : $531.94
CONSTRUCTION
- Beds : 2
- Floor Size : 720 sqft
- Baths : 1 Full
PROPERTY DESCRIPTION
9404 Grape St, Los Angeles, CA 90002 is a single family home of 720 sqft. HomeUnion estimate for 9404 Grape St includes a Price Estimate of $382,999 and a Rent Estimate of $1,649. This single family home has 2 bedrooms, 1 bathrooms, and was built in 1915. This property has an estimated 15 year annualized Yield of 5.17% and Total Return of 34.31%. The estimated 1 year forecast in home value for 9404 Grape St is 13.1%.OTHER REAL ESTATE INVESTMENT PROPERTIES
The following properties with Estimated Highest Gross Yields are available in other markets.
9404 Grape St SCHOOLS
Financial Details
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Watts
Neighborhood : Watts
DISTRIBUTION OF RENTS IN NEIGHBORHOOD
Approximately 97% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $1,649 per month.
MY RENT : $1,649 MEDIAN RENT : $2,208
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 $1,649 would therefore be considered affordable for annual household incomes greater than $65,960 (12 months x 3.333 x $1,649).
HOUSEHOLD INCOME RANGE
Approximately 990 of households in this neighborhood have a total annual income of $65,960 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $1,649 per month.
MINIMUM INCOME RANGE : $65,960
COMMUTE TIME DISTRIBUTION
63% of the working population has a commute time of 15 to 44 minutes, 10% has a commute time of 14 minutes or less and 27% has a commute time of 45 minutes or longer.
Watts Demographics
INDUSTRY
Industry | % Distribution |
---|---|
Administrative Support | 8.7% |
Arts & Entertainment | 9.3% |
Construction | 8.8% |
Health Care & Social Assistance | 11.5% |
Manufacturing | 13.6% |
Retail & Wholesale Trader | 18.8% |
Other | 29.2% |
AGE DISTRIBUTION
43% of the population is between the ages of 25 and 64, 52% is 24 or younger and 5% is 65 or older.
Age | % Distribution |
---|---|
<15 | 32.3% |
15-19 | 10.2% |
20-24 | 9.5% |
25-44 | 25.8% |
45-65 | 17.1% |
66+ | 5.1% |
OCCUPATION
Occupation | % Distribution |
---|---|
Clean | 9.4% |
Management, Business, & Financial | 4.4% |
Natural Resources Maintenance | 14.2% |
PCare | 4.2% |
Production & Transportation | 28.8% |
Sales & Office | 23.2% |
Other | 15.8% |
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 | 3.3% |
High School | 27.1% |
Masters Degree | 0.4% |
Some College | 15.9% |
Some High School | 49.9% |
Other | 3.3% |
9404 Grape St Comps
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