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12803 Mckinley Avenue Los Angeles, CA 90059

4 Beds 2 Baths 1,442 sqft Built 1947

$625,000

List Price

$2,660

$2.4K - $2.9K

Rent Est.

PROPERTY INFO

January 04, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1947
  • Price/Sqft : $433.43
  • 7 Days on Market
  • MLS # : 21675366
  • Updated Date : 01/06/2021 at 07:26
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,442 sqft
  • Baths : 2 full
Listing Agent

Marlene Dymally

Listing Agent's Description

This home is ideal to move in now, Completely remodeled 4 bedrooms 2 baths 1,442 SQ FT with a bonus lot of 8400+ sq ft of corner lot.Custom kitchen cabinets, granite countertops, custom ceramic floors in kitchen and bathrooms, owner redid new floors in Living Room, Dinning room, hallway and bedrooms. Custom built bathrooms, 2 and 1/2 car garage,2 driveways, sprinkler system, custom built BBQ area. Huge custom built shed in back yard. Wide entrance on El Segundo wrought iron gate and fencing, great for someone with large trucks and/or business that needs a lot of space. House is stucco, Magic Johnson Park across the street. Close to the 110 freeway, 105 freeway.

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: Willowbrook

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450k500k550k600k650k700kPrice in $128k725k

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

Neighborhood: Willowbrook

NeighborhoodNIR Market*CityMarket2010Year2000 Q42019 Q218002000220024002600280030003200Rent in $17063316

* 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
Mckinley Elementary School Primary Regular 351 22 7
Vanguard Learning Center Middle Regular 275 18 NA
Centennial High School High Regular 908 46 2

Mckinley Elementary School

  • Education Level: Primary
  • # of students: 351
  • # of teachers: 22
7
GreatSchools Rating

Vanguard Learning Center

  • Education Level: Middle
  • # of students: 275
  • # of teachers: 18
NA
GreatSchools Rating

Centennial High School

  • Education Level: High
  • # of students: 908
  • # of teachers: 46
2
GreatSchools Rating
 

$562,500$687,500$625,000

PURCHASE PRICE

$2,394$2,926$2,660

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,660
EXPENSES Loan Payment -$2,171
Property Tax -$729
Property Insurance -$62
Property Management Fees -$130
CASH FLOW
-$432

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.

$625,000

PROJECTED PRICE

$2,660

PROJECTED RENT

0.43%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

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
11530$0.0$500k$1.0M$1.5M$2.0M$2.5M

PROJECTED ANNUAL CASH FLOW

11530-$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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$171,375

INVESTMENT

$171,375

Down Payment
$156,250
Rehab Estimate
$5,750
Closing Costs
$9,375

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,171

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $156,250
Loan Amount $468,750
See What Happens When You Reinvest Cash Flow

2.5

YEARS SAVED

$12,322

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,660

    LIST RENT
  • $1.84

    LIST RENT PER SQFT
  • $2,783

    COMP ESTIMATED VALUE
  • $1.93

    COMP AVG. RENT PER SQFT
Comps Range
$2,450
1$2,4502$2,5003$2,6604$2,875
$2,875
RENT COMPS ANALYSIS
  • 12803 Mckinley Avenue Los Angeles, CA 3
    • 4 beds 2 baths ∙ 1,442 Sqft ∙ Built 1947 4 beds 2 baths ∙ 1,442 Sqft ∙ Built 1947
    • Rent
    • Rent Per SQFT
    •  
    • $2,660
    • $1.84
    •  
  • 14433 S Aprilia Avenue Compton, CA 1
    • 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
    •  
  • 1666 E 113th Street Los Angeles, CA 2
    • 5 beds 2 baths ∙ 1,363 Sqft ∙ Built 1956 5 beds 2 baths ∙ 1,363 Sqft ∙ Built 1956
    LEASED 07/12/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $1.83
    •  
  • 629 E 120th Street Los Angeles, CA 4
    • 4 beds 2 baths ∙ 1,526 Sqft ∙ Built 1948 4 beds 2 baths ∙ 1,526 Sqft ∙ Built 1948
    LEASED 10/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,875
    • $1.88
    •  
PROPERTY LISTING DETAILS
Marlene Dymally
Marlene Dymally
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: 21675366
Last Updated: 01/06/2021
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