Score
0Los Angeles, CA
440 S Occidental Blvd APT 503
734K
3 beds
3 baths
1,470 sqft
3 bd • 3 ba • 1,470 sf
This analysis was generated on 2/26/2025. It is for entertainment purposes only and should not be considered as real estate or investment advice.
AI Property Analysis
0:000:00 / 0:00
List Price
$733,800
Price/Sq.Ft
$499
Year Built
AI Property Analysis
A comprehensive evaluation of this property's features, market position, and investment potential.
The Good
• Relatively Affordable Price per Square Foot: At $499.18 per square foot, the property's price per square foot is competitive for the Los Angeles market.
• Spacious Layout: With 3 bedrooms and 3 bathrooms in 1,470 square feet, the property offers a comfortable living space for families or roommates.
• Rental Income Potential: The property could generate rental income from $2,888 per month based on the 2023 average rent for three-bedroom units. This is based on older data, which may need to be updated.
The Bad
• High Crime Rates: The property is located in an area with a safety score of 37/100, indicating below-average safety. Violent crime is 93.6% higher than the state average and 77.6% higher than the national average. Property crime is 172.6% higher than the state average and 226.8% higher than the national average.
• Lack of Property Information: The listing provides no information about the property's features, room details, or utilities. The year built is also unknown. This lack of transparency makes it difficult to assess the property's condition and potential issues.
• Limited Market Insights: The available market insights are limited to median income and rental rates from 2023. More current and comprehensive market data is needed to evaluate the property's investment potential.
The Ugly
• Rising Crime Trends: Although recent crime trends show a slight decrease in violent and property crimes from 2022 to 2023, the overall crime rates remain significantly high, potentially impacting property values and buyer interest.
• High Total Cost of Ownership: Considering the high crime rates, insurance costs may be higher than average. Factoring in property taxes, potential maintenance costs, and mortgage payments, the total cost of ownership could be substantial.
• Unknown Renovation Needs: Without knowing the year built or the property's condition, potential buyers face uncertainty regarding necessary renovations or upgrades, adding to the overall financial risk.
Who is this property for?
These details are presented solely for entertainment purposes and are not meant to steer or limit any prospective buyer.
Best For
• Renters Seeking a Larger Space: With three bedrooms and three bathrooms, the property offers ample space for roommates or those needing extra rooms for a home office or guests, at a monthly cost comparable to renting a three-bedroom apartment in the area (around $2,888 in 2023).
• Buyers Comfortable with Urban Living: The property's location in a densely populated area of Los Angeles provides convenient access to amenities, public transportation, and cultural attractions.
• Buyers Seeking Investment Potential: Investors may consider renting out individual rooms to maximize rental income, given the high demand for housing near downtown Los Angeles.
Not For
• Buyers Prioritizing Safety: With crime rates significantly higher than state and national averages, this location may not be suitable for those seeking a low-crime environment.
• Buyers Requiring Detailed Property Information: The lack of property details (year built, features, room details, utilities) makes it difficult to assess the property's condition and potential issues, requiring more due diligence.
• Buyers Seeking Low Maintenance Costs: Given the unknown age and condition of the property, potential maintenance and repair costs could be substantial, making it less attractive to buyers on a strict budget.
Demographics
Area Median Income
$43,796
Property History
Price History
Ownership Timeline
$0Financed
Dec 14, 2011Gony H Kim, Gony KimGony H Kim
Intrafamily Transfer
Non-Arm's Length Transactions
Sunlight Analysis
Visualize how sunlight affects this property throughout the day and year.
Sunlight Analysis
Data provided by Shadowmap
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Schools
Nearby school quality by education level
Elementary
4.0/10
AverageMiddle
4.7/10
AverageHigh
4.4/10
AverageFinancials
Monthly Costs
Market Rent (3 bed)
Get a detailed estimate on Zillow$1,534
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Location & Comparables
Subject Property
Comparable Sales
Subject Property
Price
$733,800
Price/sqft
$499
Layout
3 bd•3 ba
Stats in the Area
Based on 6 comparable properties nearby
Average Price
$929,833
21.1%
Your price is 21.1% below average
Median Price
$950,000
22.8%
Based on 6 recent sales
Price per Sq.Ft
$712
29.9%
Your price is 29.9% below average $/sqft
Comparable Properties
| Address | Price | Sq.Ft | Beds | Baths | $/Sq.Ft | Sale Date |
|---|---|---|---|---|---|---|
| 440 S Occidental Blvd #401, Los Angeles, CA 90057 | $715,000 | 1,420 | 3 | 3 | $5040.9% | 11/7/2024 |
| 848 Irolo St #402, Los Angeles, CA 90005 | $660,000 | 1,210 | 2 | 2 | $5459.3% | 12/12/2024 |
| 2520 Kent Street, Los Angeles, CA 90026 | $1,449,000 | 1,209 | 3 | 2 | $1,199140.1% | 12/4/2024 |
| 903 S New Hampshire Ave #403, Los Angeles, CA 90006 | $775,000 | 1,285 | 3 | 2 | $60320.8% | 11/14/2024 |
| 124 N Carondelet Street, Los Angeles, CA 90026 | $1,030,000 | 1,356 | 2 | 2 | $76052.2% | 10/17/2024 |
| 150 S Mountain View Avenue, Los Angeles, CA 90057 | $950,000 | 1,441 | 3 | 2 | $65932.1% | 9/23/2024 |
440 S Occidental Blvd #401, Los Angeles, CA 90057
Price: $715,000
Sq.Ft: 1,420
Beds/Baths: 3/3
$/Sq.Ft:
$5040.9%
Sale Date: 11/7/2024
848 Irolo St #402, Los Angeles, CA 90005
Price: $660,000
Sq.Ft: 1,210
Beds/Baths: 2/2
$/Sq.Ft:
$5459.3%
Sale Date: 12/12/2024
2520 Kent Street, Los Angeles, CA 90026
Price: $1,449,000
Sq.Ft: 1,209
Beds/Baths: 3/2
$/Sq.Ft:
$1,199140.1%
Sale Date: 12/4/2024
903 S New Hampshire Ave #403, Los Angeles, CA 90006
Price: $775,000
Sq.Ft: 1,285
Beds/Baths: 3/2
$/Sq.Ft:
$60320.8%
Sale Date: 11/14/2024
124 N Carondelet Street, Los Angeles, CA 90026
Price: $1,030,000
Sq.Ft: 1,356
Beds/Baths: 2/2
$/Sq.Ft:
$76052.2%
Sale Date: 10/17/2024
150 S Mountain View Avenue, Los Angeles, CA 90057
Price: $950,000
Sq.Ft: 1,441
Beds/Baths: 3/2
$/Sq.Ft:
$65932.1%
Sale Date: 9/23/2024
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