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PROPERTY INFO
FACTS
- Single Family
- Built In 1948
- Price/Sqft : $509.43
- 3 Days on Market
- MLS # : 20671344
- Updated Date : 12/18/2020 at 16:07
CONSTRUCTION
- Beds : 3
- Floor Size : 1,060 sqft
- Baths : 1 full
Listing Agent
Justin Saba
Listing Agent's Description
Once in a lifetime opportunity! Own a house completely redone for the modern buyer, all from top to bottom! This newly redone 3 bedroom, 1 bath property is a true gem in LA County. Brand new plumbing, brand new electric, brand new recess lighting, brand new floors, brand new windows, brand new and exquisitely designed kitchen with brand new quartz countertops, brand new kitchen cabinets, brand new hood, brand new living room, brand new tiled bathroom & shower, brand new vanity, brand new appliances, spacious rooms with installed closets, & much more complete the interior and welcome you into this amazing property. Huge backyard with fruit trees, covered and vented patio, and oversize garage and driveway with brand new garage door complete the exterior. Property is down the street from school, shops, & entertainment. SUPRA WILL BE PLACED ON FRONT DOOR BEGINNING SATURDAY, DECEMBER 19TH AFTER 12PM.
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MARKET HIGHLIGHTS
- 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)
- 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)
PRICE & RENT TRENDS
Neighborhood: Willowbrook
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Willowbrook
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $2,060 |
| EXPENSES | Loan Payment | -$1,992 |
| Property Tax | -$633 | |
| Property Insurance | -$53 | |
| Property Management Fees | -$101 | |
|
CASH FLOW
-$719
|
||
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.
$540,000
PROJECTED PRICE
$2,060
PROJECTED RENT
0.38%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 4.35% |
| Appreciation Year (1-5) | 13.0% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 4.14% |
| Length of Stay Years | 2 |
PROJECTED ACCUMULATED WEALTH
30 YEAR PROJECTION
- Cash Flow
- Appreciation
- Principal
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$148,850
LOAN DETAILS
$1,992
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $135,000 |
| Loan Amount | $405,000 |
0.42
YEARS SAVED
$903
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$2,060
LIST RENT -
$1.94
LIST RENT PER SQFT
-
$2,071
COMP ESTIMATED VALUE -
$1.95
COMP AVG. RENT PER SQFT
Comps Range
-
121 W 121st Street Los Angeles, CA 2
- 3 beds 1 baths ∙ 1,060 Sqft ∙ Built 1948 3 beds 1 baths ∙ 1,060 Sqft ∙ Built 1948
- Rent
- Rent Per SQFT
- $2,060
- $1.94
-
13237 Avalon Boulevard Los Angeles, CA 1
- 3 beds 1 baths ∙ 1,300 Sqft ∙ Built 1948 3 beds 1 baths ∙ 1,300 Sqft ∙ Built 1948
LEASED 08/12/19- Rent
- Rent Per SQFT
- $1,925
- $1.48
-
413 E 140th Street Los Angeles, CA 3
- 3 beds 2 baths ∙ 1,000 Sqft ∙ Built 1956 3 beds 2 baths ∙ 1,000 Sqft ∙ Built 1956
LEASED 02/14/20- Rent
- Rent Per SQFT
- $2,300
- $2.30
-
14433 S Aprilia Avenue Compton, CA 4
- 3 beds 2 baths ∙ 1,178 Sqft ∙ Built 1948 3 beds 2 baths ∙ 1,178 Sqft ∙ Built 1948
LEASED 10/07/19- Rent
- Rent Per SQFT
- $2,450
- $2.08
PROPERTY LISTING DETAILS
Justin Saba
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
MLS #: 20671344
Last Updated: 12/18/2020
