Location: Los Angeles-Long Beach-Glendale, CA | Metro: Los Angeles-Long Beach-Glendale, CA HUD Metro FMR Area
| Unit Size | Monthly FMR |
|---|---|
| Studio | $2,150 |
| 1 Bedroom | $2,400 |
| 2 Bedrooms | $2,960 |
| 3 Bedrooms | $3,760 |
| 4 Bedrooms | $4,200 |
| 5 Bedrooms | $4,872 |
| 6 Bedrooms | $5,457 |
| 7 Bedrooms | $5,894 |
| 8 Bedrooms | $6,189 |
The ZIP code 90295 is located in Marina del Rey, California, a coastal neighborhood known for its marinas and waterfront properties. The data available for this specific ZIP code indicates it is classified as a PO Box, which means it lacks detailed population statistics. However, based on the broader context of Marina del Rey, it can be inferred that a significant portion of the neighborhood consists of renters. The median income and median home value for the area are not directly provided for ZIP 90295; however, these figures are crucial for understanding the economic landscape.
Moving to the economic analysis, the Fair Market Rent (FMR) for ZIP 90295 is set at $2,540 for the fiscal year 2024. This figure is critical for Section 8 landlords and investors, as it represents the maximum rent that can be charged under the program. While specific market rent data is not provided, it's reasonable to assume that market rents in Marina del Rey are higher, given the area's desirability and proximity to Los Angeles.
Considering the practical aspects for investors, ZIP 90295 is best suited for hands-on value-add buyers rather than hands-off voucher operators. The lack of detailed population data suggests a need for active management and property improvement to attract tenants and maintain occupancy rates. The high FMR also indicates potential for higher returns if market rents can be leveraged effectively, but this requires a landlord who is willing to invest in maintaining or enhancing the property's appeal.
In summary, ZIP 90295 in Marina del Rey presents an opportunity for active investors looking to capitalize on the area's high demand and limited supply. The FMR of $2,540 provides a benchmark for rent, but market conditions suggest potential for higher earnings through strategic property management.
Data Sources: FMR data from HUD (2027).
About FMR: Fair Market Rent (FMR) is used to determine payment standards for the Section 8 Housing Choice Voucher program, initial renewal rents for some expiring project-based Section 8 contracts, and rent ceilings for HOME Investment Partnerships.