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1734 N Beverly Glen Boulevard Los Angeles, CA 90077

4 Beds 3 Baths 1,558 sqft Built 1946

$1,050,000

List Price

$5,230

$5K - $5.5K

Rent Est.

PROPERTY INFO

January 06, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1946
  • Price/Sqft : $673.94
  • 5 Days on Market
  • MLS # : 20671246
  • Updated Date : 01/06/2021 at 20:01
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,558 sqft
  • Baths : 2 full , 1 half
Listing Agent

Sotheby's International Realty

Listing Agent's Description

Beautiful 4 bedroom and 2/1/2 bathroom home. Just a mile and half north of Sunset. Nearly 1600 sf of home with a lot size at 8659. Needs minor work done, perfect opportunity for a first time buyer, motivated seller

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: Beverly Glen

NeighborhoodNIR Market*CityMarket2010Year20002019200k400k600k800k1000k1200k1400k1600k1800k2000k2200kPrice in $199k2216k

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

Neighborhood: Beverly Glen

NeighborhoodNIR Market*CityMarket2010Year2000 Q42019 Q22000300040005000600070008000900010000Rent in $178410687

* 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
Warner Avenue Elementary School Primary Regular 657 29 10
Emerson Community Charter School Middle Regular 533 23 5
University Senior High School High Regular 1,763 72 7

Warner Avenue Elementary School

  • Education Level: Primary
  • # of students: 657
  • # of teachers: 29
10
GreatSchools Rating

Emerson Community Charter School

  • Education Level: Middle
  • # of students: 533
  • # of teachers: 23
5
GreatSchools Rating

University Senior High School

  • Education Level: High
  • # of students: 1,763
  • # of teachers: 72
7
GreatSchools Rating
 

$945,000$1,155,000$1,050,000

PURCHASE PRICE

$4,707$5,753$5,230

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $5,230
EXPENSES Loan Payment -$3,647
Property Tax -$1,057
Property Insurance -$64
Property Management Fees -$256
CASH FLOW
$205

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.

$1,050,000

PROJECTED PRICE

$5,230

PROJECTED RENT

0.50%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.65%
Appreciation Year (1-5) 4.5%
Maintenance Year (1-5) 8.00%
Vacancy 5.10%
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$3.5M

PROJECTED ANNUAL CASH FLOW

11530$0.0$10k$20k$30k$40k$50k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$500k$1.0M$1.5M$2.0M$2.5M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$284,000

INVESTMENT

$284,000

Down Payment
$262,500
Rehab Estimate
$5,750
Closing Costs
$15,750

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$3,647

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $262,500
Loan Amount $787,500
See What Happens When You Reinvest Cash Flow

7.67

YEARS SAVED

$106,716

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $5,230

    LIST RENT
  • $3.36

    LIST RENT PER SQFT
  • $4,300

    COMP ESTIMATED VALUE
  • $2.76

    COMP AVG. RENT PER SQFT
Comps Range
$4,500
1$4,5002$5,230
$5,230
RENT COMPS ANALYSIS
  • 1734 N Beverly Glen Boulevard Los Angeles, CA 2
    • 4 beds 3 baths ∙ 1,558 Sqft ∙ Built 1946 4 beds 3 baths ∙ 1,558 Sqft ∙ Built 1946
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $5,230
    • $3.36
    •  
  • 1803 N Beverly Glen Boulevard N Los Angeles, CA 1
    • 3 beds 3 baths ∙ 1,628 Sqft ∙ Built 1957 3 beds 3 baths ∙ 1,628 Sqft ∙ Built 1957
    property image
    LEASED 08/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $4,500
    • $2.76
    •  
PROPERTY LISTING DETAILS
Arthur Miller
Sotheby's International Realty
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: 20671246
Last Updated: 01/06/2021
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