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1845 Silent Era Drive Los Angeles, CA 90026

3 Beds 3 Baths 1,407 sqft Built 2015

$899,000

List Price

$3,970

$3.7K - $4.2K

Rent Est.

PROPERTY INFO

January 19, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2015
  • Price/Sqft : $638.95
  • 6 Days on Market
  • MLS # : 21681530
  • Updated Date : 01/19/2021 at 08:40
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,407 sqft
  • Baths : 3 full
Listing Agent

Great Castle Properties

Listing Agent's Description

MODERN tri-level Single Family home offers UNPARALLELED craftsmanship and EXCEPTIONAL open concept living. This Contemporary inspired design is truly REMARKABLE inside and out. The vaulted ceilings and floor-to-ceiling windows provide a sun-drenched living room. Come see how PERFECT the sunsets are from the rooftop deck. Settle in a little longer and take in the views from DTLA city lights to the hills of Silver Lake. BEAUTIFUL wood floors flow throughout the homes open, airy layout. This award winning ENERGY efficient home features a private 2 car garage with direct access and a TELSA charger. Discover a new way to EXPERIENCE the finest in Silver Lake living. And not to mention there is NO HOA dues.

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • 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]

PRICE & RENT TRENDS

Neighborhood: Silver Lake

NeighborhoodNIR Market*CityMarket2010Year20002019200k300k400k500k600k700k800k900k1000k1100kPrice in $199k1127k

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

Neighborhood: Silver Lake

NeighborhoodNIR Market*CityMarket2010Year2000 Q42019 Q218002000220024002600280030003200340036003800400042004400Rent in $17844570

* 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
Clifford Street Math And Technology Magnet Primary Regular 127 6 8
Clifford Street Math And Technology Magnet Middle Regular 127 6 8
John Marshall Senior High High Regular 2,463 91 8

Clifford Street Math And Technology Magnet

  • Education Level: Primary
  • # of students: 127
  • # of teachers: 6
8
GreatSchools Rating

Clifford Street Math And Technology Magnet

  • Education Level: Middle
  • # of students: 127
  • # of teachers: 6
8
GreatSchools Rating

John Marshall Senior High

  • Education Level: High
  • # of students: 2,463
  • # of teachers: 91
8
GreatSchools Rating
 

$809,100$988,900$899,000

PURCHASE PRICE

$3,573$4,367$3,970

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,970
EXPENSES Loan Payment -$3,123
Property Tax -$914
Property Insurance -$61
Property Management Fees -$195
CASH FLOW
-$322

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.

$899,000

PROJECTED PRICE

$3,970

PROJECTED RENT

0.44%

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$500k$1.0M$1.5M$2.0M$2.5M$3.0M

PROJECTED ANNUAL CASH FLOW

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

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$243,985

INVESTMENT

$243,985

Down Payment
$224,750
Rehab Estimate
$5,750
Closing Costs
$13,485

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 50% down payment or higher enables the proceeds from the asset to cover all costs.

$3,123

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $224,750
Loan Amount $674,250
See What Happens When You Reinvest Cash Flow

4.5

YEARS SAVED

$40,353

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,970

    LIST RENT
  • $2.82

    LIST RENT PER SQFT
  • $2,927

    COMP ESTIMATED VALUE
  • $2.08

    COMP AVG. RENT PER SQFT
Comps Range
$2,495
1$2,4952$3,970
$3,970
RENT COMPS ANALYSIS
  • 1845 Silent Era Drive Los Angeles, CA 2
    • 3 beds 3 baths ∙ 1,407 Sqft ∙ Built 2015 3 beds 3 baths ∙ 1,407 Sqft ∙ Built 2015
    • Rent
    • Rent Per SQFT
    •  
    • $3,970
    • $2.82
    •  
  • 121 S Rampart Boulevard Los Angeles, CA 1
    • 3 beds 3 baths ∙ 1,200 Sqft ∙ Built 2004 3 beds 3 baths ∙ 1,200 Sqft ∙ Built 2004
    LEASED 12/26/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,495
    • $2.08
    •  
PROPERTY LISTING DETAILS
Matthew Chang
Great Castle Properties
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: 21681530
Last Updated: 01/19/2021
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