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112 Roselawn Place Los Angeles, CA 90042

4 Beds 2 Baths 1,820 sqft Built 1902

$899,000

List Price

$3,760

$3.5K - $4K

Rent Est.

PROPERTY INFO

November 13, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1902
  • Price/Sqft : $493.96
  • 3 Days on Market
  • MLS # : P1-2288
  • Updated Date : 11/13/2020 at 12:17
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,820 sqft
  • Baths : 2 full
Listing Agent

Compass

Listing Agent's Description

Built in 1902, this home is a perfect blend of well-preserved character with the conveniences of modern living. As a contributing element to historic preservation, this is your chance to own a piece of history. The American Foursquare also known as the 'Prairie Box' was a post-Victorian style, which shared many features with the Prairie architecture pioneered by Frank Lloyd Wright. Four well-sized bedrooms located on the second level plus a first level private study allows you to seamlessly adapt to today's work from home environment. Original built-in cabinetry, windows, and moldings surround you throughout. Electric panel was updated to 200 amps last year and new A/C unit installed. City dwelling while entertaining is a breeze. Conveniently located within walking distance to all the shops, restaurants, bars, Metro Gold Line, and Farmer's Market on Fig. Enjoy your large backyard full of lush trees and bamboo, perfect for private gatherings. Zoned on an R-2 lot, this property is intended for an additional dwelling unit. Perfect as an investment or to pay down your mortgage. The possibilities are endless!

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MARKET HIGHLIGHTS

  • 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)
  • 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)

PRICE & RENT TRENDS

Neighborhood: Highland Park

NeighborhoodNIR Market*CityMarket2010Year20002019200k250k300k350k400k450k500k550k600k650k700k750kPrice in $153k763k

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

Neighborhood: Highland Park

NeighborhoodNIR Market*CityMarket2010Year2000 Q42019 Q218002000220024002600280030003200Rent in $17183338

* 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
Monte Vista Street Elementary School Primary Regular 438 19 2
Luther Burbank Middle School Middle Regular 883 36 5
Benjamin Franklin High School High Regular 1,460 56 6

Monte Vista Street Elementary School

  • Education Level: Primary
  • # of students: 438
  • # of teachers: 19
2
GreatSchools Rating

Luther Burbank Middle School

  • Education Level: Middle
  • # of students: 883
  • # of teachers: 36
5
GreatSchools Rating

Benjamin Franklin High School

  • Education Level: High
  • # of students: 1,460
  • # of teachers: 56
6
GreatSchools Rating
 

$809,100$988,900$899,000

PURCHASE PRICE

$3,384$4,136$3,760

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,760
EXPENSES Loan Payment -$3,317
Property Tax -$934
Property Insurance -$71
Property Management Fees -$184
CASH FLOW
-$746

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.

$899,000

PROJECTED PRICE

$3,760

PROJECTED RENT

0.42%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.35%
Appreciation Year (1-5) 11.1%
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-$15k-$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$243,985

INVESTMENT

$243,985

Down Payment
$224,750
Rehab Estimate
$5,750
Closing Costs
$13,485

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 60% down payment or higher enables the proceeds from the asset to cover all costs.

$3,317

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $224,750
Loan Amount $674,250
See What Happens When You Reinvest Cash Flow

2.33

YEARS SAVED

$17,876

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,760

    LIST RENT
  • $2.07

    LIST RENT PER SQFT
  • $4,162

    COMP ESTIMATED VALUE
  • $2.29

    COMP AVG. RENT PER SQFT
Comps Range
$3,760
1$3,7602$3,8003$3,8504$4,750
$4,750
RENT COMPS ANALYSIS
  • 112 Roselawn Place Los Angeles, CA 1
    • 4 beds 2 baths ∙ 1,820 Sqft ∙ Built 1902 4 beds 2 baths ∙ 1,820 Sqft ∙ Built 1902
    • Rent
    • Rent Per SQFT
    •  
    • $3,760
    • $2.07
    •  
  • 4909 Baltimore Street Highland Park, CA 2
    • 3 beds 2 baths ∙ 2,010 Sqft ∙ Built 1922 3 beds 2 baths ∙ 2,010 Sqft ∙ Built 1922
    LEASED 06/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,800
    • $1.89
    •  
  • 430 N Avenue 54 Highland Park, CA 3
    • 4 beds 1 baths ∙ 1,576 Sqft ∙ Built 1908 4 beds 1 baths ∙ 1,576 Sqft ∙ Built 1908
    LEASED 07/20/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,850
    • $2.44
    •  
  • 1026 Cawston Avenue South Pasadena, CA 4
    • 4 beds 3 baths ∙ 1,880 Sqft ∙ Built 1914 4 beds 3 baths ∙ 1,880 Sqft ∙ Built 1914
    LEASED 02/29/20
    • Rent
    • Rent Per SQFT
    •  
    • $4,750
    • $2.53
    •  
PROPERTY LISTING DETAILS
Michael De Perio
Compass
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: P1-2288
Last Updated: 11/13/2020
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