Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more

1457 Livonia Avenue Los Angeles, CA 90035

3 Beds 1 Baths 1,737 sqft Built 1930

$1,495,000

List Price

$5,340

$5.1K - $5.6K

Rent Est.

PROPERTY INFO

January 15, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1930
  • Price/Sqft : $860.68
  • 4 Days on Market
  • MLS # : SR21008752
  • Updated Date : 01/15/2021 at 10:03
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,737 sqft
  • Baths : 1 full
Listing Agent

Dilbeck Real Estate

Listing Agent's Description

Opportunity knocks for Owner/User or Investor. Vintage Spanish charm awaits buyer seeking top to bottom and everything in between FIXER located in highly desirable North Beverlywood neighborhood West of Robertson. Original Spanish character detailing throughout includes hardwood floors, wedding cake molding, carved wooden doors and unique archways. Grand living room has soaring ceilings with exposed beams, exquisite fireplace and beautiful stained glass windows. Elegant styled formal dining room ideal for large gatherings. Spacious kitchen with breakfast area ready for redo and vintage style bathrooms. Room off of one bedroom may be used as office, den or additional bedroom without closet. Home features Central HVAC and Solar and separate indoor laundry room. Outside the backyard has a gazebo, garage and opportunity/potential for ADU. Close to houses of worship, shopping and dining. TRUST SALE. Sold AS IS with No Conditions or Contingencies.

SEE MORE

MARKET HIGHLIGHTS

  • 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]
  • 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)

PRICE & RENT TRENDS

Neighborhood: South Robertson

NeighborhoodNIR Market*CityMarket2010Year20002019200k300k400k500k600k700k800k900k1000k1100k1200k1300kPrice in $199k1399k

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

Neighborhood: South Robertson

NeighborhoodNIR Market*CityMarket2010Year2000 Q42019 Q220002500300035004000450050005500Rent in $17845975

* 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
Canfield Avenue Elementary School Primary Regular 374 16 9
Daniel Webster Middle School Middle Regular 454 30 3
Alexander Hamilton Senior High School High Magnet 2,941 121 6

Canfield Avenue Elementary School

  • Education Level: Primary
  • # of students: 374
  • # of teachers: 16
9
GreatSchools Rating

Daniel Webster Middle School

  • Education Level: Middle
  • # of students: 454
  • # of teachers: 30
3
GreatSchools Rating

Alexander Hamilton Senior High School

  • Education Level: High
  • # of students: 2,941
  • # of teachers: 121
6
GreatSchools Rating
 

$1,345,500$1,644,500$1,495,000

PURCHASE PRICE

$4,806$5,874$5,340

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $5,340
EXPENSES Loan Payment -$5,193
Property Tax -$1,506
Property Insurance -$69
Property Management Fees -$262
CASH FLOW
-$1,689

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 13% of earned rent to cover both maintenance and periods of vacancy.

$1,495,000

PROJECTED PRICE

$5,340

PROJECTED RENT

0.36%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.56%
Appreciation Year (1-5) 8.8%
Maintenance Year (1-5) 8.00%
Vacancy 5.05%
Length of Stay Years 2

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$1.0M$2.0M$3.0M$4.0M$5.0M

PROJECTED ANNUAL CASH FLOW

11530-$30k-$20k-$10k$0.0$10k$20k$30k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$1.0M$2.0M$3.0M$4.0M$5.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$401,925

INVESTMENT

$401,925

Down Payment
$373,750
Rehab Estimate
$5,750
Closing Costs
$22,425

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 65% down payment or higher enables the proceeds from the asset to cover all costs.

$5,193

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $373,750
Loan Amount $1,121,250
See What Happens When You Reinvest Cash Flow

0.75

YEARS SAVED

$4,789

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $5,340

    LIST RENT
  • $3.07

    LIST RENT PER SQFT
  • $4,460

    COMP ESTIMATED VALUE
  • $2.57

    COMP AVG. RENT PER SQFT
Comps Range
$3,750
1$3,7502$4,2003$4,7954$4,9505$5,340
$5,340
RENT COMPS ANALYSIS
  • 1457 Livonia Avenue Los Angeles, CA 5
    • 3 beds 1 baths ∙ 1,737 Sqft ∙ Built 1930 3 beds 1 baths ∙ 1,737 Sqft ∙ Built 1930
    • Rent
    • Rent Per SQFT
    •  
    • $5,340
    • $3.07
    •  
  • 1068 S Wooster Street Los Angeles, CA 1
    • 4 beds 2 baths ∙ 1,600 Sqft ∙ Built 1929 4 beds 2 baths ∙ 1,600 Sqft ∙ Built 1929
    LEASED 12/16/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,750
    • $2.34
    •  
  • 8932 Olin Street Los Angeles, CA 2
    • 4 beds 2 baths ∙ 1,620 Sqft ∙ Built 1923 4 beds 2 baths ∙ 1,620 Sqft ∙ Built 1923
    LEASED 11/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $4,200
    • $2.59
    •  
  • 355 S Rexford Drive Beverly Hills, CA 3
    • 3 beds 1 baths ∙ 1,900 Sqft ∙ Built 1937 3 beds 1 baths ∙ 1,900 Sqft ∙ Built 1937
    LEASED 01/04/21
    • Rent
    • Rent Per SQFT
    •  
    • $4,795
    • $2.52
    •  
  • 1613 Hi Point Street Los Angeles, CA 4
    • 3 beds 1 baths ∙ 1,756 Sqft ∙ Built 1928 3 beds 1 baths ∙ 1,756 Sqft ∙ Built 1928
    LEASED 08/11/20
    • Rent
    • Rent Per SQFT
    •  
    • $4,950
    • $2.82
    •  
PROPERTY LISTING DETAILS
Anngel Benoun
Dilbeck Real Estate
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: SR21008752
Last Updated: 01/15/2021
BESbswy