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1922 N Curson Avenue Los Angeles, CA 90046

3 Beds 3 Baths 1,538 sqft Built 1951

$1,495,000

List Price

$4,750

$4.5K - $5K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 11, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1951
  • Price/Sqft : $972.04
  • 4 Days on Market
  • MLS # : 21703938
  • Updated Date : 03/11/2021 at 19:49
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,538 sqft
  • Baths : 3 full
Listing Agent

Compass

Listing Agent's Description

A quiet Hollywood Hills retreat, backing up to one of the few parks in Los Angeles, boasting privacy and serenity, while still offering easy access to the Sunset Strip, Runyon Canyon & Wattles Park. This 3 bed, 3 bath oasis is perfect for entertaining guests, working from home, or spending time with your family & pets. The open kitchen leads to a fenced in, newly designed, outdoor patio with canyon views that make you feel miles away from the city. Located on a no "through traffic" street above Hollywood Boulevard, this rare location allows for both the quietness, and easy city access.

SEE MORE

MARKET HIGHLIGHTS

  • Southern California area contributes to 55.3% of California state economy i.e. Gross State Product (USMayors.org, 2018)
  • As part of Southern California area, Los Angeles market inherits all the benefits from the area.
  • 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]
  • 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)

PRICE & RENT TRENDS

Neighborhood: Nichols Canyon

ZipNIR Market*CityMarket2010Year20002019200k300k400k500k600k700k800k900k1000k1100k1200k1300kPrice in $199k1395k

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

Neighborhood: Nichols Canyon

ZipNIR Market*CityMarket2010Year2000 Q42019 Q2200025003000350040004500500055006000Rent in $17846144

* 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
Hubert Howe Bancroft Middle School Middle Regular 834 33 3
Fairfax Senior High School High Regular 2,101 83 6

Hubert Howe Bancroft Middle School

  • Education Level: Middle
  • # of students: 834
  • # of teachers: 33
3
GreatSchools Rating

Fairfax Senior High School

  • Education Level: High
  • # of students: 2,101
  • # of teachers: 83
6
GreatSchools Rating
 

$1,345,500$1,644,500$1,495,000

PURCHASE PRICE

$4,275$5,225$4,750

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $4,750
EXPENSES Loan Payment -$5,193
Property Tax -$1,506
Property Insurance -$64
Property Management Fees -$233
CASH FLOW
-$2,245

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.

$1,495,000

PROJECTED PRICE

$4,750

PROJECTED RENT

0.32%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.56%
Appreciation Year (1-5) 5.9%
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$3.5M$4.0M

PROJECTED ANNUAL CASH FLOW

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$500k$1.0M$1.5M$2.0M$2.5M$3.0M$3.5M$4.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$401,925

INVESTMENT

$401,925

Down Payment
$373,750
Rehab Estimate
$5,750
Closing Costs
$22,425

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$5,193

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $373,750
Loan Amount $1,121,250
See What Happens When You Reinvest Cash Flow

0.17

YEARS SAVED

$194

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $4,750

    LIST RENT
  • $3.09

    LIST RENT PER SQFT
  • $4,235

    COMP ESTIMATED VALUE
  • $2.75

    COMP AVG. RENT PER SQFT
Comps Range
$3,295
1$3,2952$3,9003$4,2504$4,750
$4,750
RENT COMPS ANALYSIS
  • 1922 N Curson Avenue Los Angeles, CA 4
    • 3 beds 3 baths ∙ 1,538 Sqft ∙ Built 1951 3 beds 3 baths ∙ 1,538 Sqft ∙ Built 1951
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $4,750
    • $3.09
    •  
  • 7162 Hawthorn Avenue Los Angeles, CA 1
    • 3 beds 2 baths ∙ 1,390 Sqft ∙ Built 1959 3 beds 2 baths ∙ 1,390 Sqft ∙ Built 1959
    property image
    LEASED 01/01/21
    • Rent
    • Rent Per SQFT
    •  
    • $3,295
    • $2.37
    •  
  • 2531 Thames Street Los Angeles, CA 2
    • 3 beds 2 baths ∙ 1,304 Sqft ∙ Built 1960 3 beds 2 baths ∙ 1,304 Sqft ∙ Built 1960
    property image
    LEASED 06/08/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,900
    • $2.99
    •  
  • 7560 Hollywood Boulevard Los Angeles, CA 3
    • 3 beds 2 baths ∙ 1,467 Sqft ∙ Built 1960 3 beds 2 baths ∙ 1,467 Sqft ∙ Built 1960
    property image
    LEASED 02/19/21
    • Rent
    • Rent Per SQFT
    •  
    • $4,250
    • $2.90
    •  
PROPERTY LISTING DETAILS
Brian Griffin
Compass
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: 21703938
Last Updated: 03/11/2021
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