645 W 9th St APT 406
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Nearby Schools
Educational options and performance ratings in the area.
Olympic Primary Center
John H. Liechty Middle School
Academic Leadership Community School
Property Overview
A stunning investment opportunity in a prime location. This property features modern amenities, spacious living areas, and strong rental potential.
Features & Amenities
Haven AI Verdict
Data provided by Haven AI. Disclaimer
Haven AI
The property at 645 W 9th St presents a challenging investment profile from a conservative standpoint. While the purchase price of $429,800 is relatively low for Los Angeles, the projected monthly cash flow of -$657.99 is a significant drawback. A negative cash flow of nearly $8,000 annually means the investor is subsidizing the asset, relying entirely on the 4% expected appreciation to achieve a positive total return. This 'appreciation play' strategy carries high risk, especially in an urban market like DTLA where HOA fees and taxes often compress margins. Unless a significant down payment is used to neutralize the deficit, this asset fails to provide the safety margins required for a stable income-producing portfolio.
- • Competitive entry-level price point for the Los Angeles market
- • Generous square footage for a one-bedroom unit (754 sqft)
- • Consistent 4% projected appreciation in a high-demand primary market
- • Significant negative monthly cash flow of -$658
- • Low rental yield of 4.23% fails to cover typical financing and HOA costs
- • High sensitivity to DTLA market fluctuations and condo supply
- • Dependency on appreciation rather than fundamentals to realize profit
10-Year Price Projection
Price & Tax History
Price History
| Date | Event | Price | Price/sqft |
|---|---|---|---|
| 2026-04-20 | Listed for sale | $429,800 | $570 |
| 2025-06-30 | Listing removed | $420,000 | $557 |
| 2025-02-27 | Listed for sale | $420,000 | $557 |
| 2021-01-04 | Sold | $450,000 | $597 |
| 2020-11-28 | Pending sale | $453,000 | $601 |
| 2020-10-08 | Price change | $453,000 | $601 |
| 2020-08-14 | Listed for sale | $465,000 | $617 |
| 2018-01-02 | Listing removed | $2,650 | $4 |
| 2017-12-02 | Listed for rent | $2,650 | $4 |
| 2017-08-31 | Sold | $512,000 | $679 |
| 2016-10-13 | Sold | $480,000 | $637 |
| 2016-09-16 | Pending sale | $499,000 | $662 |
| 2016-08-31 | Listed for sale | $499,000 | $662 |
Tax History
| Year | Property Tax | Tax Assessment |
|---|---|---|
| 2025 | $5,975.88 | $487,093 |
| 2024 | $5,906.71 | $477,543 |
| 2023 | $5,792.31 | $468,180 |
| 2022 | $5,522.53 | $459,000 |
| 2021 | $6,486.6 | $538,201 |
| 2020 | $6,550.35 | $532,684 |
| 2019 | $6,550.35 | $522,240 |
| 2018 | $6,279.09 | $512,000 |
| 2017 | $6,279.09 | $480,000 |
| 2016 | $5,879.91 | $442,000 |
| 2015 | $5,407.74 | $428,000 |
| 2014 | $4,387.73 | $348,000 |
| 2012 | $0 | $285,000 |
| 2011 | $0 | $304,000 |
| 2010 | $0 | $304,000 |
| 2009 | $0 | $327,000 |
Investment Numbers & Operating Model
Standardized cash flow underwriting modeled with state tax schedules, regional insurance hazard risk, and disciplined operating reserves.
Multi-factor yield grade
NOI: $15,351/yr
On $98,854 invested
Negative debt coverage
Equity + cumulative cash
Monthly Cash Flow Breakdown
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