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1112 S Victoria Avenue Los Angeles, CA 90019

4 Beds 3 Baths 1,561 sqft Built 1919

$1,190,000

List Price

$3,940

$3.7K - $4.2K

Rent Est.

PROPERTY INFO

FACTS
  • Single Family
  • Built In 1919
  • Price/Sqft : $762.33
  • 79 Days on Market
  • MLS # : PW20229780
  • Updated Date : 01/11/2021 at 15:45
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,561 sqft
  • Baths : 3 full
Listing Agent

Cenocore

Listing Agent's Description

Do not miss this rare opportunity to own a home in the Oxford Square neighborhood of Los Angeles. Oxford Square boasts a premier location, situated just minutes away from Downtown, Koreatown and Beverly Hills. Located in a historic zone, the house sits on a quiet street with wide roads. The house is a 4bd 3br with a detached garage, including a Japanese garden with a variety of fruit trees and plants.

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: 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
Johnnie L Cochran Jr Middle School Middle Regular 842 47 2
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

Johnnie L Cochran Jr Middle School

  • Education Level: Middle
  • # of students: 842
  • # of teachers: 47
2
GreatSchools Rating

Los Angeles Senior High

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

$1,071,000$1,309,000$1,190,000

PURCHASE PRICE

$3,546$4,334$3,940

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,940
EXPENSES Loan Payment -$4,133
Property Tax -$1,198
Property Insurance -$65
Property Management Fees -$193
CASH FLOW
-$1,649

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.

$1,190,000

PROJECTED PRICE

$3,940

PROJECTED RENT

0.33%

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$3.5M$4.0M$4.5M

PROJECTED ANNUAL CASH FLOW

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$500k$1.0M$1.5M$2.0M$2.5M$3.0M$3.5M$4.0M$4.5M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$321,100

INVESTMENT

$321,100

Down Payment
$297,500
Rehab Estimate
$5,750
Closing Costs
$17,850

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$4,133

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $297,500
Loan Amount $892,500
See What Happens When You Reinvest Cash Flow

0.25

YEARS SAVED

$537

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,940

    LIST RENT
  • $2.52

    LIST RENT PER SQFT
  • $2,985

    COMP ESTIMATED VALUE
  • $1.91

    COMP AVG. RENT PER SQFT
Comps Range
$2,800
1$2,8002$3,4003$3,5004$3,9405$4,165
$4,165
RENT COMPS ANALYSIS
  • 1112 S Victoria Avenue Los Angeles, CA 4
    • 4 beds 3 baths ∙ 1,561 Sqft ∙ Built 1919 4 beds 3 baths ∙ 1,561 Sqft ∙ Built 1919
    • Rent
    • Rent Per SQFT
    •  
    • $3,940
    • $2.52
    •  
  • 1636 S Wilton Place Los Angeles, CA 1
    • 3 beds 2 baths ∙ 1,750 Sqft ∙ Built 1915 3 beds 2 baths ∙ 1,750 Sqft ∙ Built 1915
    LEASED 12/02/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,800
    • $1.60
    •  
  • 101 S Mariposa Los Angeles, CA 2
    • 4 beds 2 baths ∙ 1,890 Sqft ∙ Built 1910 4 beds 2 baths ∙ 1,890 Sqft ∙ Built 1910
    LEASED 10/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,400
    • $1.80
    •  
  • 1222 S Longwood Avenue Los Angeles, CA 3
    • 3 beds 2 baths ∙ 1,750 Sqft ∙ Built 1928 3 beds 2 baths ∙ 1,750 Sqft ∙ Built 1928
    LEASED 10/17/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,500
    • $2.00
    •  
  • 1213 S Orange Drive Los Angeles, CA 5
    • 3 beds 3 baths ∙ 1,850 Sqft ∙ Built 1926 3 beds 3 baths ∙ 1,850 Sqft ∙ Built 1926
    LEASED 10/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $4,165
    • $2.25
    •  
PROPERTY LISTING DETAILS
Eugene Paik
Cenocore
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: PW20229780
Last Updated: 01/11/2021
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