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10750 Esther Avenue Los Angeles, CA 90064

3 Beds 1 Baths 1,699 sqft Built 1944

$1,399,000

List Price

$4,680

$4.4K - $4.9K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
July 13, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1944
  • Price/Sqft : $823.43
  • 7 Days on Market
  • MLS # : SB21147182
  • Updated Date : 07/09/2021 at 20:41
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,699 sqft
  • Baths : 1 full
Listing Agent

West Shores Realty, Inc.

Listing Agent's Description

Location, Location, Location. First time on the market in 69 years. An amazing opportunity to own in this desirable tree lined neighborhood. The possibilities are endless. Walking distance to award winning Overland Elementary School and Notre Dame Academy. Two blocks from the Metro Rail and future Google Headquarters. Close to UCLA and Westwood. Laundry/bonus room attached to the garage. Newer roof and windows. Fixer upper-AS IS. Buyer to verify square footage, permits and school district.

SEE MORE

MARKET HIGHLIGHTS

  • As part of Southern California area, Los Angeles market inherits all the benefits from the area.
  • Southern California's economy is worth $1.58 trillion in Gross Metro Product and projected to grow to $1.67 trillion (USMayors.org, 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 has 58.7% labor force participation rate; within this area, Los Angeles metro has 62.3% labor force participation rate (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)
  • 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)
  • Southern California area contributes to 55.3% of California state economy i.e. Gross State Product (USMayors.org, 2018)
  • 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]

PRICE & RENT TRENDS

Neighborhood: Rancho Park

NeighborhoodNIR Market*CityMarket2010Year20002019200k300k400k500k600k700k800k900k1000k1100k1200kPrice in $199k1277k

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

Neighborhood: Rancho Park

NeighborhoodNIR Market*CityMarket2010Year2000 Q42019 Q21800200022002400260028003000320034003600380040004200440046004800Rent in $17844866

* 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
Overland Avenue Elementary School Primary Regular 509 21 9
Palms Middle School Middle Regular 1,486 56 7
Alexander Hamilton Senior High School High Magnet 2,941 121 6

Overland Avenue Elementary School

  • Education Level: Primary
  • # of students: 509
  • # of teachers: 21
9
GreatSchools Rating

Palms Middle School

  • Education Level: Middle
  • # of students: 1,486
  • # of teachers: 56
7
GreatSchools Rating

Alexander Hamilton Senior High School

  • Education Level: High
  • # of students: 2,941
  • # of teachers: 121
6
GreatSchools Rating
 

$1,259,100$1,538,900$1,399,000

PURCHASE PRICE

$4,212$5,148$4,680

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $4,680
EXPENSES Loan Payment -$4,859
Property Tax -$1,409
Property Insurance -$68
Property Management Fees -$229
CASH FLOW
-$1,885

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 13% of earned rent to cover both maintenance and periods of vacancy.

$1,399,000

PROJECTED PRICE

$4,680

PROJECTED RENT

0.33%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.56%
Appreciation Year (1-5) 10.8%
Maintenance Year (1-5) 8.00%
Vacancy 5.05%
Length of Stay Years 2

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$1.0M$2.0M$3.0M$4.0M$5.0M

PROJECTED ANNUAL CASH FLOW

11530-$30k-$20k-$10k$0.0$10k$20k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$1.0M$2.0M$3.0M$4.0M$5.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$376,485

INVESTMENT

$376,485

Down Payment
$349,750
Rehab Estimate
$5,750
Closing Costs
$20,985

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 70% down payment or higher enables the proceeds from the asset to cover all costs.

$4,859

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $349,750
Loan Amount $1,049,250
See What Happens When You Reinvest Cash Flow

0.33

YEARS SAVED

$733

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $4,680

    LIST RENT
  • $2.75

    LIST RENT PER SQFT
  • $4,970

    COMP ESTIMATED VALUE
  • $2.93

    COMP AVG. RENT PER SQFT
Comps Range
$4,599
1$4,5992$4,6803$4,7954$4,9505$4,995
$4,995
RENT COMPS ANALYSIS
  • 10750 Esther Avenue Los Angeles, CA 2
    • 3 beds 2 baths ∙ 1,699 Sqft ∙ Built 1944 3 beds 2 baths ∙ 1,699 Sqft ∙ Built 1944
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $4,680
    • $2.75
    •  
  • 2523 S Bentley Avenue Los Angeles, CA 1
    • 3 beds 1 baths ∙ 1,550 Sqft ∙ Built 1939 3 beds 1 baths ∙ 1,550 Sqft ∙ Built 1939
    property image
    LEASED 01/04/21
    • Rent
    • Rent Per SQFT
    •  
    • $4,599
    • $2.97
    •  
  • 2807 Glendon Avenue Los Angeles, CA 3
    • 3 beds 2 baths ∙ 1,698 Sqft ∙ Built 1945 3 beds 2 baths ∙ 1,698 Sqft ∙ Built 1945
    property image
    LEASED 07/04/21
    • Rent
    • Rent Per SQFT
    •  
    • $4,795
    • $2.82
    •  
  • 10540 Blythe Avenue Los Angeles, CA 4
    • 3 beds 1 baths ∙ 1,547 Sqft ∙ Built 1928 3 beds 1 baths ∙ 1,547 Sqft ∙ Built 1928
    property image
    LEASED 12/04/20
    • Rent
    • Rent Per SQFT
    •  
    • $4,950
    • $3.20
    •  
  • 3260 Military Avenue Los Angeles, CA 5
    • 4 beds 2 baths ∙ 1,844 Sqft ∙ Built 1941 4 beds 2 baths ∙ 1,844 Sqft ∙ Built 1941
    property image
    LEASED 07/08/21
    • Rent
    • Rent Per SQFT
    •  
    • $4,995
    • $2.71
    •  
PROPERTY LISTING DETAILS
Robin Comer
West Shores Realty, Inc.
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: SB21147182
Last Updated: 07/09/2021
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