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

1700 Arlington Avenue Los Angeles, CA 90019

3 Beds 2 Baths 1,831 sqft Built 1978

$1,052,000

List Price

$3,540

$3.3K - $3.8K

Rent Est.

PROPERTY INFO

FACTS
  • Single Family
  • Built In 1978
  • Price/Sqft : $574.55
  • 41 Days on Market
  • MLS # : 20665076
  • Updated Date : 12/08/2020 at 09:29
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,831 sqft
  • Baths : 2 full
Listing Agent

Keller Williams Larchmont

Listing Agent's Description

Investors' dream property in most sought-after location in Arlington Heights, Los Angeles sharing same zip code as Hancock Park (90019). Blank canvas for your next dream home or redevelopment. Currently a single family home sitting on a RD2 zoned 8,549 sf lot. Perfect location for an Additional Dwelling Unit add on; Redevelop into a 4 unit apartment or resale as TIC units. Redeveloped similar property at 1660 Arlington was sold for $2,300,000 on July 22, 2019. Bring your dream and make it your next home. Offered at below market price for quick sale. Do not miss out on this opportunity. It will go fast!! All buyers and buyer's agent to research all aspects of zoning and city permits.

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: Angelus Vista

NeighborhoodNIR Market*CityMarket2010Year20002019200k300k400k500k600k700k800k900kPrice in $153k940k

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

Neighborhood: Angelus Vista

NeighborhoodNIR Market*CityMarket2010Year2000 Q42019 Q21800200022002400260028003000320034003600380040004200Rent in $16544238

* 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
Carson-gore Academy Of Environmental Studies Primary Regular 648 28 4
Pio Pico Middle School Middle Regular 625 28 5
Los Angeles Senior High High Regular 1,422 76 3

Carson-gore Academy Of Environmental Studies

  • Education Level: Primary
  • # of students: 648
  • # of teachers: 28
4
GreatSchools Rating

Pio Pico Middle School

  • Education Level: Middle
  • # of students: 625
  • # of teachers: 28
5
GreatSchools Rating

Los Angeles Senior High

  • Education Level: High
  • # of students: 1,422
  • # of teachers: 76
3
GreatSchools Rating
 

$946,800$1,157,200$1,052,000

PURCHASE PRICE

$3,186$3,894$3,540

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,540
EXPENSES Loan Payment -$3,654
Property Tax -$1,059
Property Insurance -$71
Property Management Fees -$173
CASH FLOW
-$1,418

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.

$1,052,000

PROJECTED PRICE

$3,540

PROJECTED RENT

0.34%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.35%
Appreciation Year (1-5) 8.0%
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$2.5M$3.0M

PROJECTED ANNUAL CASH FLOW

11530-$25k-$20k-$15k-$10k-$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$2.5M$3.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$284,530

INVESTMENT

$284,530

Down Payment
$263,000
Rehab Estimate
$5,750
Closing Costs
$15,780

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 70% down payment or higher enables the proceeds from the asset to cover all costs.

$3,654

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $263,000
Loan Amount $789,000
See What Happens When You Reinvest Cash Flow

0.33

YEARS SAVED

$726

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,540

    LIST RENT
  • $1.93

    LIST RENT PER SQFT
  • $3,552

    COMP ESTIMATED VALUE
  • $1.94

    COMP AVG. RENT PER SQFT
Comps Range
$3,500
1$3,5002$3,540
$3,540
RENT COMPS ANALYSIS
  • 1700 Arlington Avenue Los Angeles, CA 2
    • 3 beds 2 baths ∙ 1,831 Sqft ∙ Built 1978 3 beds 2 baths ∙ 1,831 Sqft ∙ Built 1978
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $3,540
    • $1.93
    •  
  • 739 Lorraine Los Angeles, CA 1
    • 3 beds 3 baths ∙ 1,802 Sqft ∙ Built 1994 3 beds 3 baths ∙ 1,802 Sqft ∙ Built 1994
    property image
    LEASED 11/21/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,500
    • $1.94
    •  
PROPERTY LISTING DETAILS
Steffan Kase
Keller Williams Larchmont
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: 20665076
Last Updated: 12/08/2020
BESbswy