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11440 National Boulevard #14 Los Angeles, CA 90064

3 Beds 3 Baths 1,771 sqft Built 2007

$1,150,000

List Price

$4,350

$4.1K - $4.6K

Rent Est.

PROPERTY INFO

February 11, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2007
  • Price/Sqft : $649.35
  • 4 Days on Market
  • MLS # : 21687304
  • Updated Date : 02/12/2021 at 09:25
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,771 sqft
  • Baths : 2 full , 1 half
Listing Agent

Keller Williams Realty Westside

Listing Agent's Description

Peaceful and spacious rear-facing corner unit boasting 3 bedrooms, 2 and a half bathrooms, with an open kitchen to living room floor plan in the prime area of Mar Vista! Master bedroom gets tons of natural light with French doors that open to its balcony revealing a quiet neighborhood tree top view. Large master bathroom with a walk-in closet, bath tub, generous shower, and dual sinks. Gorgeous kitchen with granite countertops, lots of storage, and Viking appliances. This unit has high ceilings with crown molding, hardwood floors, travertine tiled bathrooms, in-unit laundry, and a working living room fireplace. 2 side by side parking spots in the gated community garage with storage space. Walking distance to Whole Foods, Ralphs, and plenty of restaurants and stores. Living room and 3 bedrooms are virtually staged.

SEE MORE

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: Westdale

NeighborhoodNIR Market*CityMarket2010Year20002019200k400k600k800k1000k1200k1400k1600kPrice in $199k1675k

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

Neighborhood: Westdale

NeighborhoodNIR Market*CityMarket2010Year2000 Q42019 Q220002500300035004000450050005500Rent in $17845772

* 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
Mar Vista Elementary School Primary Regular 593 26 9
Daniel Webster Middle School Middle Regular 454 30 3
Venice Senior High School High Regular 2,109 95 7

Mar Vista Elementary School

  • Education Level: Primary
  • # of students: 593
  • # of teachers: 26
9
GreatSchools Rating

Daniel Webster Middle School

  • Education Level: Middle
  • # of students: 454
  • # of teachers: 30
3
GreatSchools Rating

Venice Senior High School

  • Education Level: High
  • # of students: 2,109
  • # of teachers: 95
7
GreatSchools Rating
 

$1,035,000$1,265,000$1,150,000

PURCHASE PRICE

$3,915$4,785$4,350

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $4,350
EXPENSES Loan Payment -$3,994
Property Tax -$1,158
Property Insurance -$70
HOA -$400
Property Management Fees -$213
CASH FLOW
-$1,485

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.

$1,150,000

PROJECTED PRICE

$4,350

PROJECTED RENT

0.38%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.56%
Appreciation Year (1-5) 8.9%
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$500k$1.0M$1.5M$2.0M$2.5M$3.0M$3.5M

PROJECTED ANNUAL CASH FLOW

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

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$310,500

INVESTMENT

$310,500

Down Payment
$287,500
Rehab Estimate
$5,750
Closing Costs
$17,250

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$3,994

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $287,500
Loan Amount $862,500
See What Happens When You Reinvest Cash Flow

0.33

YEARS SAVED

$833

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $4,350

    LIST RENT
  • $2.46

    LIST RENT PER SQFT
  • $4,520

    COMP ESTIMATED VALUE
  • $2.55

    COMP AVG. RENT PER SQFT
Comps Range
$4,250
1$4,2502$4,3003$4,3504$4,6005$4,850
$4,850
RENT COMPS ANALYSIS
  • 11440 National Boulevard Los Angeles, CA 3
    • 3 beds 3 baths ∙ 1,771 Sqft ∙ Built 2007 3 beds 3 baths ∙ 1,771 Sqft ∙ Built 2007
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $4,350
    • $2.46
    •  
  • 3948 Bentley Avenue Culver City, CA 1
    • 3 beds 2 baths ∙ 1,746 Sqft ∙ Built 1988 3 beds 2 baths ∙ 1,746 Sqft ∙ Built 1988
    property image
    LEASED 07/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $4,250
    • $2.43
    •  
  • 1726 S Bentley Avenue Los Angeles, CA 2
    • 3 beds 2 baths ∙ 1,659 Sqft ∙ Built 2008 3 beds 2 baths ∙ 1,659 Sqft ∙ Built 2008
    property image
    LEASED 10/15/19
    • Rent
    • Rent Per SQFT
    •  
    • $4,300
    • $2.59
    •  
  • 11440 National Boulevard Mar Vista, CA 4
    • 3 beds 3 baths ∙ 1,808 Sqft ∙ Built 2007 3 beds 3 baths ∙ 1,808 Sqft ∙ Built 2007
    property image
    LEASED 11/30/19
    • Rent
    • Rent Per SQFT
    •  
    • $4,600
    • $2.54
    •  
  • 2028 S Barrington Avenue Los Angeles, CA 5
    • 3 beds 3 baths ∙ 1,829 Sqft ∙ Built 1997 3 beds 3 baths ∙ 1,829 Sqft ∙ Built 1997
    property image
    LEASED 08/05/20
    • Rent
    • Rent Per SQFT
    •  
    • $4,850
    • $2.65
    •  
PROPERTY LISTING DETAILS
Sarah Chang
Keller Williams Realty Westside
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: 21687304
Last Updated: 02/12/2021
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