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13326 Mettler Avenue Los Angeles, CA 90061

3 Beds 1 Baths 1,118 sqft Built 1947

$535,000

List Price

$2,570

$2.3K - $2.8K

Rent Est.

PROPERTY INFO

January 20, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1947
  • Price/Sqft : $478.53
  • 6 Days on Market
  • MLS # : P1-2967
  • Updated Date : 01/19/2021 at 21:38
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,118 sqft
  • Baths : 1 full
Listing Agent

Real Estate Ebroker Inc.

Listing Agent's Description

Charming three bedroom one bath with converted garage the buyer must do their own due diligence and investigation. Backyard is spacious it has a slide gate for rear entry.

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MARKET HIGHLIGHTS

  • 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)
  • 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]

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
 

$481,500$588,500$535,000

PURCHASE PRICE

$2,313$2,827$2,570

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,570
EXPENSES Loan Payment -$1,858
Property Tax -$624
Property Insurance -$54
Property Management Fees -$126
CASH FLOW
-$92

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.

$535,000

PROJECTED PRICE

$2,570

PROJECTED RENT

0.48%

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

PROJECTED ANNUAL CASH FLOW

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$500k$1.0M$1.5M$2.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$147,525

INVESTMENT

$147,525

Down Payment
$133,750
Rehab Estimate
$5,750
Closing Costs
$8,025

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 50% down payment or higher enables the proceeds from the asset to cover all costs.

$1,858

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $133,750
Loan Amount $401,250
See What Happens When You Reinvest Cash Flow

5.5

YEARS SAVED

$32,184

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,570

    LIST RENT
  • $2.3

    LIST RENT PER SQFT
  • $2,583

    COMP ESTIMATED VALUE
  • $2.31

    COMP AVG. RENT PER SQFT
Comps Range
$2,300
1$2,3002$2,4503$2,5004$2,5705$2,950
$2,950
RENT COMPS ANALYSIS
  • 13326 Mettler Avenue Los Angeles, CA 4
    • 3 beds 1 baths ∙ 1,118 Sqft ∙ Built 1947 3 beds 1 baths ∙ 1,118 Sqft ∙ Built 1947
    • Rent
    • Rent Per SQFT
    •  
    • $2,570
    • $2.30
    •  
  • 413 E 140th Street Los Angeles, CA 1
    • 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 2
    • 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
    •  
  • 2319 W Corydon Street Compton, CA 3
    • 3 beds 1 baths ∙ 1,095 Sqft ∙ Built 1947 3 beds 1 baths ∙ 1,095 Sqft ∙ Built 1947
    LEASED 12/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $2.28
    •  
  • 13226 Stanford Avenue Los Angeles, CA 5
    • 3 beds 2 baths ∙ 1,145 Sqft ∙ Built 1947 3 beds 2 baths ∙ 1,145 Sqft ∙ Built 1947
    LEASED 07/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,950
    • $2.58
    •  
PROPERTY LISTING DETAILS
Fatrice Gilkey
Real Estate Ebroker Inc.
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: P1-2967
Last Updated: 01/19/2021
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