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12011 Goshen Avenue #104 Los Angeles, CA 90049

3 Beds 2 Baths 1,643 sqft Built 1991

$1,100,000

List Price

$4,200

$4K - $4.5K

Rent Est.

PROPERTY INFO

FACTS
  • Single Family
  • Built In 1991
  • Price/Sqft : $669.51
  • 9 Days on Market
  • MLS # : 21674782
  • Updated Date : 01/02/2021 at 09:52
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,643 sqft
  • Baths : 2 full
Listing Agent

Keller Williams Beverly Hills

Listing Agent's Description

Elegant and spacious at 1,643 sq. ft., this contemporary tastefully updated and immaculate unit is in a prime Brentwood location half a block from Ralph's, nightlife, shopping and restaurants. Highlights include a beautiful expansive open floor plan, recessed lighting, fireplace, hardwood floors, granite counter tops, newer stainless steel appliances, central heat and air, in unit washer/dryer and formal marble entry. There are dual masters, 1st Master has 2 walk-in closets and a huge en-suite bath with jetted tub and double sinks. 2nd Master features walk-in closet and en-suite full bath. Converted 3rd bedroom can be used as an office or den and has an attached guest bath with shower. Pet friendly building with easy outdoor access, 2 tandem parking spaces in secured underground garage with guest parking, intercom entry system and elevator. Every modern convenience one could desire in a dream location!

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: Brentwood

NeighborhoodNIR Market*CityMarket2010Year20002019200k400k600k800k1000k1200k1400k1600k1800k2000k2200kPrice in $199k2272k

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

Neighborhood: Brentwood

NeighborhoodNIR Market*CityMarket2010Year2000 Q42019 Q22000300040005000600070008000900010000Rent in $178410209

* 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
Brockton Avenue Elementary School Primary Regular 222 12 4
Paul Revere Charter Middle School Middle Charter 2,073 77 8
University Senior High School High Regular 1,763 72 7

Brockton Avenue Elementary School

  • Education Level: Primary
  • # of students: 222
  • # of teachers: 12
4
GreatSchools Rating

Paul Revere Charter Middle School

  • Education Level: Middle
  • # of students: 2,073
  • # of teachers: 77
8
GreatSchools Rating

University Senior High School

  • Education Level: High
  • # of students: 1,763
  • # of teachers: 72
7
GreatSchools Rating
 

$990,000$1,210,000$1,100,000

PURCHASE PRICE

$3,780$4,620$4,200

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $4,200
EXPENSES Loan Payment -$3,821
Property Tax -$1,108
Property Insurance -$66
HOA -$443
Property Management Fees -$206
CASH FLOW
-$1,444

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.

$1,100,000

PROJECTED PRICE

$4,200

PROJECTED RENT

0.38%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.65%
Appreciation Year (1-5) 7.5%
Maintenance Year (1-5) 8.00%
Vacancy 5.10%
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$297,250

INVESTMENT

$297,250

Down Payment
$275,000
Rehab Estimate
$5,750
Closing Costs
$16,500

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$3,821

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $275,000
Loan Amount $825,000
See What Happens When You Reinvest Cash Flow

0.33

YEARS SAVED

$673

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $4,200

    LIST RENT
  • $2.56

    LIST RENT PER SQFT
  • $4,198

    COMP ESTIMATED VALUE
  • $2.56

    COMP AVG. RENT PER SQFT
Comps Range
$3,795
1$3,7952$4,1003$4,2004$4,4955$4,695
$4,695
RENT COMPS ANALYSIS
  • 12011 Goshen Avenue Los Angeles, CA 3
    • 3 beds 2 baths ∙ 1,643 Sqft ∙ Built 1991 3 beds 2 baths ∙ 1,643 Sqft ∙ Built 1991
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $4,200
    • $2.56
    •  
  • 1321 Brockton Avenue Los Angeles, CA 1
    • 3 beds 3 baths ∙ 1,586 Sqft ∙ Built 2008 3 beds 3 baths ∙ 1,586 Sqft ∙ Built 2008
    property image
    LEASED 12/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,795
    • $2.39
    •  
  • 1241 Westgate Avenue S Los Angeles, CA 2
    • 3 beds 3 baths ∙ 1,627 Sqft ∙ Built 2002 3 beds 3 baths ∙ 1,627 Sqft ∙ Built 2002
    property image
    LEASED 08/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $4,100
    • $2.52
    •  
  • 11833 Darlington Avenue Los Angeles, CA 4
    • 3 beds 2 baths ∙ 1,710 Sqft ∙ Built 2010 3 beds 2 baths ∙ 1,710 Sqft ∙ Built 2010
    property image
    LEASED 12/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $4,495
    • $2.63
    •  
  • 11911 Mayfield Avenue Los Angeles, CA 5
    • 3 beds 2 baths ∙ 1,750 Sqft ∙ Built 2006 3 beds 2 baths ∙ 1,750 Sqft ∙ Built 2006
    property image
    LEASED 12/27/20
    • Rent
    • Rent Per SQFT
    •  
    • $4,695
    • $2.68
    •  
PROPERTY LISTING DETAILS
Christen Tull
Keller Williams Beverly Hills
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: 21674782
Last Updated: 01/02/2021
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