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1609 W 127th Street Los Angeles, CA 90047

3 Beds 1 Baths 1,034 sqft Built 1951

$595,000

List Price

$2,380

$2.1K - $2.6K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 24, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1951
  • Price/Sqft : $575.44
  • 6 Days on Market
  • MLS # : 21707006
  • Updated Date : 03/25/2021 at 07:18
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,034 sqft
  • Baths : 1 full
Listing Agent

Stanfles Realty

Listing Agent's Description

Beautiful home located in West Athens area, minutes away from Hawthorne Municipal Airport (HHR), LA Southwest College and SoFi Stadium. The property has easy access to 105 and 405 freeways , local restaurants, and shopping areas. The home has a front garden and driveway area, and large back yard area. Living room, dining, and kitchen area are conveniently open with plenty of natural light, and could be used to host and entertain guests. Bonus: 1. garage area has been converted to a room by the owner. 2. Patio area was enclosed and converted to living room space + 2nd bathroom.

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: West Athens

NeighborhoodNIR Market*CityMarket2010Year20002019200k250k300k350k400k450k500k550k600k650k700kPrice in $153k725k

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

Neighborhood: West Athens

NeighborhoodNIR Market*CityMarket2010Year2000 Q42019 Q218002000220024002600280030003200Rent in $17183316

* 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
West Athens Elementary School Primary Regular 805 33 1
Animo Phillis Wheatley Charter Middle School Middle Charter 623 34 2
George Washington Preparatory Senior High School High Regular 1,175 64 2

West Athens Elementary School

  • Education Level: Primary
  • # of students: 805
  • # of teachers: 33
1
GreatSchools Rating

Animo Phillis Wheatley Charter Middle School

  • Education Level: Middle
  • # of students: 623
  • # of teachers: 34
2
GreatSchools Rating

George Washington Preparatory Senior High School

  • Education Level: High
  • # of students: 1,175
  • # of teachers: 64
2
GreatSchools Rating
 

$535,500$654,500$595,000

PURCHASE PRICE

$2,142$2,618$2,380

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,380
EXPENSES Loan Payment -$2,067
Property Tax -$704
Property Insurance -$52
Property Management Fees -$117
CASH FLOW
-$559

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.

$595,000

PROJECTED PRICE

$2,380

PROJECTED RENT

0.40%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.35%
Appreciation Year (1-5) 9.1%
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-$10k-$5.0k$0.0$5.0k$10k

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$163,425

INVESTMENT

$163,425

Down Payment
$148,750
Rehab Estimate
$5,750
Closing Costs
$8,925

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,067

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $148,750
Loan Amount $446,250
See What Happens When You Reinvest Cash Flow

1.5

YEARS SAVED

$4,849

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,380

    LIST RENT
  • $2.3

    LIST RENT PER SQFT
  • $2,507

    COMP ESTIMATED VALUE
  • $2.43

    COMP AVG. RENT PER SQFT
Comps Range
$2,380
1$2,3802$2,5003$2,7504$3,0005$3,300
$3,300
RENT COMPS ANALYSIS
  • 1609 W 127th Street Los Angeles, CA 1
    • 3 beds 1 baths ∙ 1,034 Sqft ∙ Built 1951 3 beds 1 baths ∙ 1,034 Sqft ∙ Built 1951
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,380
    • $2.30
    •  
  • 13424 S New Hampshire Avenue Gardena, CA 2
    • 3 beds 1 baths ∙ 1,056 Sqft ∙ Built 1947 3 beds 1 baths ∙ 1,056 Sqft ∙ Built 1947
    property image
    LEASED 01/18/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $2.37
    •  
  • 13305 Van Ness Avenue Gardena, CA 3
    • 3 beds 2 baths ∙ 1,093 Sqft ∙ Built 1956 3 beds 2 baths ∙ 1,093 Sqft ∙ Built 1956
    property image
    LEASED 10/19/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,750
    • $2.52
    •  
  • 2912 W 141st Street Gardena, CA 4
    • 3 beds 2 baths ∙ 1,312 Sqft ∙ Built 1957 3 beds 2 baths ∙ 1,312 Sqft ∙ Built 1957
    property image
    LEASED 06/21/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,000
    • $2.29
    •  
  • 13004 S Wilkie Avenue Gardena, CA 5
    • 3 beds 1 baths ∙ 1,312 Sqft ∙ Built 1955 3 beds 1 baths ∙ 1,312 Sqft ∙ Built 1955
    property image
    LEASED 12/18/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,300
    • $2.52
    •  
PROPERTY LISTING DETAILS
Pavlin Pachov
Stanfles Realty
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: 21707006
Last Updated: 03/25/2021
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