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13337 Stanford Avenue Los Angeles, CA 90059

3 Beds 1 Baths 1,222 sqft Built 1947

$525,000

List Price

$2,270

$2K - $2.5K

Rent Est.

PROPERTY INFO

February 11, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1947
  • Price/Sqft : $429.62
  • 5 Days on Market
  • MLS # : DW21027198
  • Updated Date : 02/11/2021 at 12:03
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,222 sqft
  • Baths : 1 full
Listing Agent

24 Hour Real Estate

Listing Agent's Description

This 3 bed, 1 bath home is nestled among the charming tree-lined streets of the highly desirable Carver Manor neighborhood in Willowbrook. The home is very original and on the market for the first time in 60+ years but well-kept. There is inside laundry adjacent to the kitchen, good-sized rooms, and a very large backyard.

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
Enterprise Middle School Middle Unknown NA
Centennial High School High Regular 908 46 2
Vanguard Learning Center Middle Regular 275 18 NA

Enterprise Middle School

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

Centennial High School

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

Vanguard Learning Center

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

$472,500$577,500$525,000

PURCHASE PRICE

$2,043$2,497$2,270

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,270
EXPENSES Loan Payment -$1,824
Property Tax -$612
Property Insurance -$56
Property Management Fees -$111
CASH FLOW
-$334

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.

$525,000

PROJECTED PRICE

$2,270

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

PROJECTED ANNUAL CASH FLOW

11530-$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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$144,875

INVESTMENT

$144,875

Down Payment
$131,250
Rehab Estimate
$5,750
Closing Costs
$7,875

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 55% down payment or higher enables the proceeds from the asset to cover all costs.

$1,824

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $131,250
Loan Amount $393,750
See What Happens When You Reinvest Cash Flow

2.92

YEARS SAVED

$12,118

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,270

    LIST RENT
  • $1.86

    LIST RENT PER SQFT
  • $2,415

    COMP ESTIMATED VALUE
  • $1.98

    COMP AVG. RENT PER SQFT
Comps Range
$2,270
1$2,2702$2,4503$2,8004$2,875
$2,875
RENT COMPS ANALYSIS
  • 13337 Stanford Avenue Los Angeles, CA 1
    • 3 beds 1 baths ∙ 1,222 Sqft ∙ Built 1947 3 beds 1 baths ∙ 1,222 Sqft ∙ Built 1947
    • Rent
    • Rent Per SQFT
    •  
    • $2,270
    • $1.86
    •  
  • 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
    •  
  • 543 W School Street Compton, CA 3
    • 3 beds 2 baths ∙ 1,420 Sqft ∙ Built 1952 3 beds 2 baths ∙ 1,420 Sqft ∙ Built 1952
    LEASED 02/07/21
    • Rent
    • Rent Per SQFT
    •  
    • $2,800
    • $1.97
    •  
  • 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
Michael Berdelis
24 Hour Real Estate
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: DW21027198
Last Updated: 02/11/2021
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