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1873 Seigneur Avenue Los Angeles, CA 90032

4 Beds 1 Baths 1,893 sqft Built 1967

$849,000

List Price

$3,340

$3.1K - $3.6K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 19, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1967
  • Price/Sqft : $448.49
  • 8 Days on Market
  • MLS # : 21697998
  • Updated Date : 03/20/2021 at 10:38
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,893 sqft
  • Baths : 1 full
Listing Agent

Premier Realty Associates

Listing Agent's Description

Contemporary view home nestled in highly sought after University Hills. First time on market. This home has been well-cared for and maintained through the years by the original owner. Some of the updates include a newer roof, HVAC system, exterior paint, dual pane windows and copper plumbing. A spacious front porch/sitting area with lovely views welcome you home to a single-level floor plan offering a living room, a great room, an ample kitchen and dining area, an indoor laundry room, a master bedroom and bath, three additional bedrooms and a full bath. Hardwood flooring throughout, and tile flooring in kitchen, dining area and baths. A large backyard with fruit and avocado trees, a handy tool shed, and an inviting patio area, great for entertaining or enjoying the DTLA views. There is also a two-car attached garage and a good-sized unfinished basement with a side door entrance, perfect for extra storage space. Great, convenient location and close to all. Don't miss this wonderful opportunity to transform this gem of a home into something breathtaking!

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MARKET HIGHLIGHTS

  • Southern California's economy is worth $1.58 trillion in Gross Metro Product and projected to grow to $1.67 trillion (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)
  • 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)
  • 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)
  • 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]
  • 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)

PRICE & RENT TRENDS

Neighborhood: University Hills

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450k500k550k600k650k700kPrice in $140k725k

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

Neighborhood: University Hills

NeighborhoodNIR Market*CityMarket2010Year2000 Q42019 Q218002000220024002600280030003200Rent in $16353316

* 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
City Terrace Elementary School Primary Regular 432 19 5
El Sereno Middle School Middle Regular 1,276 65 4
Abraham Lincoln Senior High School High Regular 1,219 54 5

City Terrace Elementary School

  • Education Level: Primary
  • # of students: 432
  • # of teachers: 19
5
GreatSchools Rating

El Sereno Middle School

  • Education Level: Middle
  • # of students: 1,276
  • # of teachers: 65
4
GreatSchools Rating

Abraham Lincoln Senior High School

  • Education Level: High
  • # of students: 1,219
  • # of teachers: 54
5
GreatSchools Rating
 

$764,100$933,900$849,000

PURCHASE PRICE

$3,006$3,674$3,340

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,340
EXPENSES Loan Payment -$2,949
Property Tax -$882
Property Insurance -$72
Property Management Fees -$164
CASH FLOW
-$727

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.

$849,000

PROJECTED PRICE

$3,340

PROJECTED RENT

0.39%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.48%
Appreciation Year (1-5) 12.7%
Maintenance Year (1-5) 8.00%
Vacancy 4.69%
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-$15k-$10k-$5.0k$0.0$5.0k$10k$15k$20k

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$230,735

INVESTMENT

$230,735

Down Payment
$212,250
Rehab Estimate
$5,750
Closing Costs
$12,735

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,949

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $212,250
Loan Amount $636,750
See What Happens When You Reinvest Cash Flow

1.92

YEARS SAVED

$10,503

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,340

    LIST RENT
  • $1.76

    LIST RENT PER SQFT
  • $3,912

    COMP ESTIMATED VALUE
  • $2.07

    COMP AVG. RENT PER SQFT
Comps Range
$3,340
1$3,3402$3,5003$3,5004$3,950
$3,950
RENT COMPS ANALYSIS
  • 1873 Seigneur Avenue Los Angeles, CA 1
    • 4 beds 1 baths ∙ 1,893 Sqft ∙ Built 1967 4 beds 1 baths ∙ 1,893 Sqft ∙ Built 1967
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $3,340
    • $1.76
    •  
  • 2101 Pebble Court Monterey Park, CA 2
    • 4 beds 2 baths ∙ 1,892 Sqft ∙ Built 1957 4 beds 2 baths ∙ 1,892 Sqft ∙ Built 1957
    property image
    LEASED 01/17/21
    • Rent
    • Rent Per SQFT
    •  
    • $3,500
    • $1.85
    •  
  • 1661 Sunnyhill Drive Monterey Park, CA 3
    • 4 beds 2 baths ∙ 1,848 Sqft ∙ Built 1957 4 beds 2 baths ∙ 1,848 Sqft ∙ Built 1957
    property image
    LEASED 12/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,500
    • $1.89
    •  
  • 3315 Danzig Place Alhambra, CA 4
    • 3 beds 2 baths ∙ 1,604 Sqft ∙ Built 1953 3 beds 2 baths ∙ 1,604 Sqft ∙ Built 1953
    property image
    LEASED 07/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,950
    • $2.46
    •  
PROPERTY LISTING DETAILS
Vivienne Ayala
Premier Realty Associates
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: 21697998
Last Updated: 03/20/2021
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