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1450 S Downey Road East Los Angeles, CA 90023

3 Beds 1 Baths 1,192 sqft Built 1922

$474,999

List Price

$2,540

$2.3K - $2.8K

Rent Est.

PROPERTY INFO

80% chance this property will be sold within the next 20 days HOT INVESTMENT
November 10, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1922
  • Price/Sqft : $398.49
  • 7 Days on Market
  • MLS # : DW20236323
  • Updated Date : 11/09/2020 at 16:14
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,192 sqft
  • Baths : 1 full
Listing Agent

G & V Options & Solutions Inc

Listing Agent's Description

This 1,192sqft home sits on a 5,321sqft lot with plenty of parking. Must see to appreciate. Close to 710 and 5 FWY. Short distance to parks, shopping center Citadel Outlets and East Los Angeles College.

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: East Los Angeles

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450k500k550k600k650k700kPrice in $139k725k

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

Neighborhood: East Los Angeles

NeighborhoodNIR Market*CityMarket2010Year2000 Q42019 Q2160018002000220024002600280030003200Rent in $14773316

* 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
Eastman Avenue Elementary School Primary Regular 988 40 3
Robert Louis Stevenson Middle School Middle Regular 1,593 62 3
Hilda L Solis Learning Academy High Unknown 291 12 NA

Eastman Avenue Elementary School

  • Education Level: Primary
  • # of students: 988
  • # of teachers: 40
3
GreatSchools Rating

Robert Louis Stevenson Middle School

  • Education Level: Middle
  • # of students: 1,593
  • # of teachers: 62
3
GreatSchools Rating

Hilda L Solis Learning Academy

  • Education Level: High
  • # of students: 291
  • # of teachers: 12
NA
GreatSchools Rating
 

$427,499$522,499$474,999

PURCHASE PRICE

$2,286$2,794$2,540

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,540
EXPENSES Loan Payment -$1,753
Property Tax -$509
Property Insurance -$56
Property Management Fees -$124
CASH FLOW
$98

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.

$474,999

PROJECTED PRICE

$2,540

PROJECTED RENT

0.53%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.35%
Appreciation Year (1-5) 10.9%
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$0.0$5.0k$10k$15k$20k$25k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M$1.6M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$131,625

INVESTMENT

$131,625

Down Payment
$118,750
Rehab Estimate
$5,750
Closing Costs
$7,125

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 40% down payment or higher enables the proceeds from the asset to cover all costs.

$1,753

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $118,750
Loan Amount $356,249
See What Happens When You Reinvest Cash Flow

7.83

YEARS SAVED

$57,406

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,540

    LIST RENT
  • $2.13

    LIST RENT PER SQFT
  • $2,944

    COMP ESTIMATED VALUE
  • $2.47

    COMP AVG. RENT PER SQFT
Comps Range
$2,150
1$2,1502$2,540
$2,540
RENT COMPS ANALYSIS
  • 1450 S Downey Road East Los Angeles, CA 2
    • 3 beds 1 baths ∙ 1,192 Sqft ∙ Built 1922 3 beds 1 baths ∙ 1,192 Sqft ∙ Built 1922
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,540
    • $2.13
    •  
  • 523 S Belden Ave N East Los Angeles, CA 1
    • 3 beds 1 baths ∙ 870 Sqft ∙ Built 1923 3 beds 1 baths ∙ 870 Sqft ∙ Built 1923
    property image
    LEASED 07/18/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,150
    • $2.47
    •  
PROPERTY LISTING DETAILS
Maria Barraza
G & V Options & Solutions Inc
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: DW20236323
Last Updated: 11/09/2020
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