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11017 Denver Avenue Los Angeles, CA 90044

3 Beds 2 Baths 1,668 sqft Built 1954

$594,900

List Price

$2,780

$2.5K - $3K

Rent Est.

PROPERTY INFO

FACTS
  • Built In 1954
  • Price/Sqft : $356.65
  • 14 Days on Market
  • MLS # : DW20226293
  • Updated Date : 11/04/2020 at 09:52
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,668 sqft
  • Baths : 2 full
Listing Agent

Century 21 Realty Masters

Listing Agent's Description

Great floor plan, this large 3 bedroom 2 bathroom home on a concrete lot. with plenty of space for a large family. This home also has a permitted bonus room, bath behind the large 2 car garage. The house has recently refurbished and remodeled with a new kitchen and bathrooms. The property also features forced air heating. Perfect location with a great potential. Property is tenant occupied.

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • 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]
  • As part of Southern California area, Los Angeles market inherits all the benefits from the area.
  • 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)

PRICE & RENT TRENDS

Neighborhood: Vermont Vista

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450k500k550k600k650k700kPrice in $133k725k

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

Neighborhood: Vermont Vista

NeighborhoodNIR Market*CityMarket2010Year2000 Q42019 Q218002000220024002600280030003200Rent in $17073316

* 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
Figueroa Street Elementary School Primary Regular 427 18 3
Samuel Gompers Middle School Middle Regular 617 37 1
Washington Primary Center Primary Regular 216 9 NA

Figueroa Street Elementary School

  • Education Level: Primary
  • # of students: 427
  • # of teachers: 18
3
GreatSchools Rating

Samuel Gompers Middle School

  • Education Level: Middle
  • # of students: 617
  • # of teachers: 37
1
GreatSchools Rating

Washington Primary Center

  • Education Level: Primary
  • # of students: 216
  • # of teachers: 9
NA
GreatSchools Rating
 

$535,410$654,390$594,900

PURCHASE PRICE

$2,502$3,058$2,780

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,780
EXPENSES Loan Payment -$2,195
Property Tax -$626
Property Insurance -$67
Property Management Fees -$136
CASH FLOW
-$244

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.

$594,900

PROJECTED PRICE

$2,780

PROJECTED RENT

0.47%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.35%
Appreciation Year (1-5) 12.2%
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

PROJECTED ANNUAL CASH FLOW

11530-$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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$163,399

INVESTMENT

$163,399

Down Payment
$148,725
Rehab Estimate
$5,750
Closing Costs
$8,924

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 50% down payment or higher enables the proceeds from the asset to cover all costs.

$2,195

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $148,725
Loan Amount $446,175
See What Happens When You Reinvest Cash Flow

4.42

YEARS SAVED

$30,680

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,780

    LIST RENT
  • $1.67

    LIST RENT PER SQFT
  • $3,136

    COMP ESTIMATED VALUE
  • $1.88

    COMP AVG. RENT PER SQFT
Comps Range
$2,780
1$2,7802$2,8753$3,000
$3,000
RENT COMPS ANALYSIS
  • 11017 Denver Avenue Los Angeles, CA 1
    • 3 beds 2 baths ∙ 1,668 Sqft ∙ Built 1954 3 beds 2 baths ∙ 1,668 Sqft ∙ Built 1954
    • Rent
    • Rent Per SQFT
    •  
    • $2,780
    • $1.67
    •  
  • 629 E 120th Street Los Angeles, CA 2
    • 4 beds 2 baths ∙ 1,526 Sqft ∙ Built 1948 4 beds 2 baths ∙ 1,526 Sqft ∙ Built 1948
    LEASED 10/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,875
    • $1.88
    •  
  • 9906 Haas Avenue Los Angeles, CA 3
    • 3 beds 2 baths ∙ 1,594 Sqft ∙ Built 1949 3 beds 2 baths ∙ 1,594 Sqft ∙ Built 1949
    LEASED 07/13/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,000
    • $1.88
    •  
PROPERTY LISTING DETAILS
Milton Bernal
Century 21 Realty Masters
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: DW20226293
Last Updated: 11/04/2020
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