Interested in purchasing investment houses in the 90016 zip code in Los Angeles, CA?
The zip code 90016 is in Los Angeles county with a latitude of -118.354600000000 and longitude of 34.028720000000, is in the state of California. The average asking price of houses and condos is $323,590.00 and the average sale price was $287,559.00. this regions is classified as the Reno metro area and is in the 323 area code. The location in degrees is 34° 1' 43.392" N, 118° 21' 16.56" W. The county F.I.P.S. is 06037. This zip code contains two cities including Los Angeles, CA (98.34%), and Culver City, CA (1.18%) The total land area is 3.6 square miles and the water area is 0.0 square miles. The elevation in this area is 131 - 154 feet. The zip code is on pacific standard time and observes daylight savings time.
The zip 90016 is in county number 037 and is L. Sector 00, L. Segment 01, H. Sector 99, and H. Segment 99. The population was 46,399 in 2019 and 47,596 in 2010. This further breaks down to 23,163 males (49.9%) and 23,235 females (50.1%). The median age of residents is 37.8 years. The population of the greater Los Angeles-Long Beach-Santa Ana, CA area is 13,331,266. The population density (people per square mile) is 12,793. This zip code has a combined total of 19,040 houses and condos. There are 11,014 rented appartments. 63% of residents rent versus the 63% of residents in the state who rent.
The financial status of those living in this area is considered lower middle class. The average individual gross adjusted income is $35,791 and the average salary is $35,233. The median household income of individuals is $38,071.00 and the average is $48,440.00. This zip code has a mean commute time to work of 33.6 minutes. The unemployment rate is 4.4%. Income earners by percent breakdown as 61.80% (Under $50,000), 26.70% ($50,000-$100,000), and 11.50% earn over $100,000. 15.6% of residents live below poverty line versus the 11.8% in the state that are below this line. The cost of living index is 142.7. The educational breakdown is 75.1% have a high school education or higher, 25.3% have a bachelor's degree or higher, and 9.0% have some kind of profesional degree.
This area has 16,145 households and the average size is 2.6 people. Individuals who are single and have never been married are 44.8%, 38.1% are now married, 2.9% are separated, 5.0% are widowed, and 9.2% are divorced. The average yearly contribution amount given by people to charity was $3,317 versus the state average of $4,659. The percent of residents who gave to charity was 20.8%.
The estimated median value of houses and condos is $626,516. The median monthly owner costs of mortgage holders was $2,291, where as the costs for those who don't have a mortgage are $578. The median number of rooms in houses and condos are 5.3 versus apartments which had a median number of 3.6.
The real estate tax percent rate is 0.6% which equated to an average real estate tax amount payment of $3,605. In comparision, the average real estate tax percent rate in the state is 0.7% which equated to an average real estate tax amount payment in the state of $4,142. The median housing property tax percent for residents with mortgages was 0.6% which amounted to an average tax amount of $3,939. Conversely, the median housing property tax percent for residents who don't have mortgages was 0.4% which amounted to an average tax amount of $2,260. Reported taxable interest for persons was $500, dividends $1,967, capital gains +$3,913, and itemized deductions $21,175. The average earned income tax credit is $2,464. The percent of individuals that use a tax preparer is 72.2%. The total average income taxes paid by individuals was $6,070. Businesses reported an average profit of $9,012.
The Cork Bar and Grill
4771 W Adams Blvd, Los Angeles, CA 90016
Post & Beam
3767 Santa Rosalia Dr, Los Angeles, CA 90008 (1.4 miles away)
Novecento Pasta & Grill
3837 Main St, Culver City, CA 90232 (2.7 miles away)
Fathers Office
3229 Helms Ave, Los Angeles, CA 90034 (2.7 miles away)
Fish Grill
7226 Beverly Blvd, Los Angeles, CA 90036 (2.8 miles away)
Fogo de Chao
133 N La Cienega Blvd, Beverly Hills, CA 90211 (3 miles away)
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