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 91334, located in Los Angeles, CA, presents a unique opportunity for real estate investment, particularly when considering the Federal Market Rent (FMR) of $2,540 for FY 2024. The median home value in this area is not directly provided, but based on recent listings, it can be inferred that home values range from approximately $375,000 to $869,950.
On the yield axis, properties in 91334 offer a moderate potential. With the FMR set at $2,540, landlords can expect to receive rental income close to this figure. However, the exact market rent for the area is not specified, which suggests there might be variability depending on the condition and location of the property. Home values being relatively lower compared to other parts of Los Angeles indicate that this could be a slightly higher-yield market, especially if you can find properties below the average price point.
Regarding stability, the lack of specific data on the percentage of renters, days on market (DOM), and median income makes it challenging to provide a definitive assessment. However, the presence of numerous listings and the variety of properties available suggest a stable market. The absence of extreme fluctuations in home values and the diversity of property types indicate a balanced demand and supply scenario.
In conclusion, ZIP 91334 appears to be a moderately high-yield and stable market. It offers opportunities for both steady cash flow and potential appreciation, making it suitable for small-portfolio investors looking for a balance between risk and reward.
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.