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 |
ZIP 90661, located within the Los Angeles-Long Beach-Glendale, CA HUD Metro FMR Area, is best suited as a cash-flow anchor in a Section 8 portfolio strategy. The Fair Market Rent (FMR) for ZIP 90661 in fiscal year 2024 is set at $2540. This figure represents the baseline rental rate that landlords can expect to receive under the Section 8 program for the area.
The FMR is a critical benchmark for landlords because it ensures stable and predictable cash flow. Given the absence of specific market rental rates and median home values for ZIP 90661, relying on the FMR provides a secure financial foundation. Landlords should be aware that the FMR is subject to annual adjustments based on local housing costs, but it generally offers a reliable minimum rental income.
While appreciation plays and diversifiers can be attractive components of an investment strategy, ZIP 90661 lacks the necessary data points to evaluate its potential in these categories. Without information on price-cut shares, days on market (DOM), and median income, it's difficult to assess whether the area offers significant opportunities for property value growth or serves as a balanced addition to an investment portfolio.
In conclusion, ZIP 90661 is best positioned as a cash-flow anchor due to its defined FMR of $2540 for fiscal year 2024. This designation ensures that landlords can depend on a steady income stream, which is particularly valuable in a volatile real estate market. For small-portfolio investors, anchoring their investments in areas with guaranteed rental incomes helps mitigate risks associated with market fluctuations and tenant vacancies.
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.