6470 Ivarene Ave
More Than Just a Property
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Nearby Schools
Educational options and performance ratings in the area.
Cheremoya Avenue Elementary School
Joseph Le Conte Middle School
Hollywood Senior High 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
6470 Ivarene Ave presents a highly speculative investment opportunity, characterized by a severe monthly negative cash flow of -$7,307. Despite its desirable Los Angeles location and strong historical appreciation potential of 4% annually, the microscopic 2.69% rental yield fails to cover debt service and operational costs. For a conservative investor, this property represents a significant capital drain, requiring substantial monthly out-of-pocket subsidies. While the asset itself is premium, the current pricing makes it highly risky as a traditional buy-and-hold rental, requiring an unrealistic reliance on future appreciation to break even.
- • Desirable Los Angeles luxury market location with high barriers to entry
- • Strong projected appreciation rate of 4% annually, characteristic of premium LA real estate
- • High-end asset configuration (5 beds, 5 baths, 3,435 sqft) appealing to corporate or high-net-worth tenants
- • Severe negative monthly cash flow of -$7,307, creating a massive ongoing capital liability
- • Extremely low rental yield of 2.69%, which is significantly below the risk-free rate of return
- • High acquisition price of $2.595M reduces cash-on-cash return potential
- • Exposure to strict California landlord-tenant laws and high local property maintenance costs
10-Year Price Projection
Price & Tax History
Price History
| Date | Event | Price | Price/sqft |
|---|---|---|---|
| 2026-05-29 | Listed for sale | $2,595,000 | $755 |
| 2015-07-11 | Listing removed | $6,900 | $2 |
| 2015-07-09 | Sold | $6,900 | $2 |
| 2015-06-03 | Listed for rent | $6,900 | $2 |
| 2014-11-20 | Sold | $1,759,000 | $512 |
| 2004-09-28 | Sold | $1,537,000 | $447 |
| 2002-09-27 | Sold | $969,000 | $282 |
Tax History
| Year | Property Tax | Tax Assessment |
|---|---|---|
| 2025 | $25,745.54 | $2,114,047 |
| 2024 | $25,381.42 | $2,072,596 |
| 2023 | $24,887.91 | $2,031,958 |
| 2022 | $23,751.15 | $1,992,117 |
| 2021 | $23,459.11 | $1,953,057 |
| 2020 | $23,632.33 | $1,933,031 |
| 2019 | $23,632.33 | $1,895,129 |
| 2018 | $22,606.99 | $1,857,970 |
| 2017 | $22,606.99 | $1,821,540 |
| 2016 | $22,112.62 | $1,785,824 |
| 2015 | $21,578.96 | $1,759,000 |
| 2014 | $21,610.88 | $1,747,704 |
| 2010 | $0 | $1,659,752 |
| 2009 | $0 | $1,663,696 |
| 2007 | $0 | $1,599,094 |
| 2006 | $0 | $1,567,740 |
| 2005 | $0 | $1,567,740 |
| 2004 | $0 | $987,090 |
| 2003 | $0 | $969,000 |
| 2000 | $0 | $93,344 |
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: $50,999/yr
On $596,850 invested
Negative debt coverage
Equity + cumulative cash
Monthly Cash Flow Breakdown
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