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1010 S Bronson Avenue Los Angeles, CA 90019

3 Beds 1 Baths 1,548 sqft Built 1921

$799,888

List Price

$3,310

$3.1K - $3.6K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 09, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1921
  • Price/Sqft : $516.72
  • 7 Days on Market
  • MLS # : 21702478
  • Updated Date : 03/08/2021 at 15:59
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,548 sqft
  • Baths : 1 full
Listing Agent

Exp Realty Of California Inc

Listing Agent's Description

This property is being sold as-is with no representations. We are looking for No contingency offers. The interior is in poor condition. R3 property in an HPOZ location.

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MARKET HIGHLIGHTS

  • Southern California area contributes to 55.3% of California state economy i.e. Gross State Product (USMayors.org, 2018)
  • As part of Southern California area, Los Angeles market inherits all the benefits from the area.
  • The area has major technology nodes of excellence: Los Angeles (Media and entertainment); Pasadena (High-tech engineering, data analytics); Riverside (Agtech, transportation/ distribution); San Diego (Healthcare, biotech, wireless communications); Irvine (Medtech, cyber security); El Segundo (Aerospace and defense IT, space transport) [BCG, 2018]
  • Los Angeles has been awarded the 2028 Olympics under a funding commitment of $88 billion to upgrade the transportation infrastructure connecting disparate pockets of the metro area. This is expected to produce additional employment in the coming years. (BCG, 2018)
  • Southern California's economy is worth $1.58 trillion in Gross Metro Product and projected to grow to $1.67 trillion (USMayors.org, 2018)
  • Southern California produces more technology PhDs per year than any other region in the country and many of the higher educated students stay within Souther California contributing to readily available workforce skills making the area more attractive than Silicon Valley (BCG, 2018)
  • Southern California has 58.7% labor force participation rate; within this area, Los Angeles metro has 62.3% labor force participation rate (USMayors.org, 2018)
  • Headquarters to several Fortune 500 companies: Amgen, Farmers Insurance, Walt Disney, Avery Dennison, Activision Blizzard, CBRE Group, Edison International, Molina Healthcare, First American Financial, Pacific Life, Qualcomm and Sempra Energy (Fortune, 2018)

PRICE & RENT TRENDS

Neighborhood: Olympic Park

NeighborhoodNIR Market*CityMarket2010Year20002019200k300k400k500k600k700k800k900k1000kPrice in $153k1021k

* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR

Neighborhood: Olympic Park

NeighborhoodNIR Market*CityMarket2010Year2000 Q42019 Q2180020002200240026002800300032003400360038004000420044004600Rent in $17184613

* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR

SCHOOLS

NAME EDUCATIONAL LEVEL SCHOOL TYPE # OF STUDENTS # OF TEACHERS GREATSCHOOLS RATING
Queen Anne Place Elementary School Primary Regular 363 15 8
Pio Pico Middle School Middle Regular 625 28 5
Los Angeles Senior High High Regular 1,422 76 3

Queen Anne Place Elementary School

  • Education Level: Primary
  • # of students: 363
  • # of teachers: 15
8
GreatSchools Rating

Pio Pico Middle School

  • Education Level: Middle
  • # of students: 625
  • # of teachers: 28
5
GreatSchools Rating

Los Angeles Senior High

  • Education Level: High
  • # of students: 1,422
  • # of teachers: 76
3
GreatSchools Rating
 

$719,899$879,877$799,888

PURCHASE PRICE

$2,979$3,641$3,310

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,310
EXPENSES Loan Payment -$2,778
Property Tax -$806
Property Insurance -$64
Property Management Fees -$162
CASH FLOW
-$500

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 12% of earned rent to cover both maintenance and periods of vacancy.

$799,888

PROJECTED PRICE

$3,310

PROJECTED RENT

0.41%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.35%
Appreciation Year (1-5) 11.5%
Maintenance Year (1-5) 8.00%
Vacancy 4.14%
Length of Stay Years 2

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$500k$1.0M$1.5M$2.0M$2.5M$3.0M

PROJECTED ANNUAL CASH FLOW

11530-$10k-$5.0k$0.0$5.0k$10k$15k$20k$25k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$500k$1.0M$1.5M$2.0M$2.5M$3.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$217,720

INVESTMENT

$217,720

Down Payment
$199,972
Rehab Estimate
$5,750
Closing Costs
$11,998

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 55% down payment or higher enables the proceeds from the asset to cover all costs.

$2,778

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $199,972
Loan Amount $599,916
See What Happens When You Reinvest Cash Flow

3.17

YEARS SAVED

$20,143

INTEREST SAVED

CASH FLOW REINVESTMENT

The time & interest saved by applying each month's positive cash flow towards loan principal pay down.

  • $3,310

    LIST RENT
  • $2.14

    LIST RENT PER SQFT
  • $3,580

    COMP ESTIMATED VALUE
  • $2.31

    COMP AVG. RENT PER SQFT
Comps Range
$3,310
1$3,3102$3,5003$3,8004$3,8005$4,500
$4,500
RENT COMPS ANALYSIS
  • 1010 S Bronson Avenue Los Angeles, CA 1
    • 3 beds 1 baths ∙ 1,548 Sqft ∙ Built 1921 3 beds 1 baths ∙ 1,548 Sqft ∙ Built 1921
    • Rent
    • Rent Per SQFT
    •  
    • $3,310
    • $2.14
    •  
  • 1436 S Norton Avenue Los Angeles, CA 2
    • 3 beds 2 baths ∙ 1,464 Sqft ∙ Built 1921 3 beds 2 baths ∙ 1,464 Sqft ∙ Built 1921
    LEASED 12/18/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,500
    • $2.39
    •  
  • 1141 S Rimpau Boulevard Los Angeles, CA 3
    • 4 beds 1 baths ∙ 1,850 Sqft ∙ Built 1925 4 beds 1 baths ∙ 1,850 Sqft ∙ Built 1925
    LEASED 12/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,800
    • $2.05
    •  
  • 1948 W 20th St Los Angeles, CA 4
    • 4 beds 2 baths ∙ 1,600 Sqft ∙ Built 1905 4 beds 2 baths ∙ 1,600 Sqft ∙ Built 1905
    LEASED 02/12/21
    • Rent
    • Rent Per SQFT
    •  
    • $3,800
    • $2.38
    •  
  • 141 S Serrano Avenue Los Angeles, CA 5
    • 4 beds 2 baths ∙ 1,852 Sqft ∙ Built 1910 4 beds 2 baths ∙ 1,852 Sqft ∙ Built 1910
    LEASED 08/27/20
    • Rent
    • Rent Per SQFT
    •  
    • $4,500
    • $2.43
    •  
PROPERTY LISTING DETAILS
John Matukas
Exp Realty Of California Inc
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: 21702478
Last Updated: 03/08/2021
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