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 code 91714, located in Alhambra, CA, 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. This designation is based on the Federal Market Rent (FMR) for FY 2024, which is set at $2,540. Given that there is no specific market or median home value data available for ZIP 91714, we must rely on the FMR to guide our investment decisions.
The FMR represents the maximum amount that a landlord can charge for a rental unit under the Section 8 program. In ZIP 91714, the FMR of $2,540 provides a stable and predictable income stream. Landlords can expect consistent monthly rental payments, which helps to anchor their portfolio against market volatility. This stability is crucial for maintaining positive cash flow and ensuring long-term financial security.
A cash-flow anchor like ZIP 91714 ensures that a portion of the portfolio is dedicated to generating reliable income. This approach is particularly beneficial when combined with other investments aimed at capital appreciation or diversification. By including properties in ZIP 91714, landlords can balance their portfolio, providing a solid foundation for growth in other areas.
Note: The lack of specific market and median home value data for ZIP 91714 makes it challenging to assess the potential for appreciation or diversification plays. Therefore, focusing on the FMR as a cash-flow anchor is the most prudent strategy given the available information.
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.