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2001 N Dern Avenue Compton, CA 90059

3 Beds 2 Baths 1,180 sqft Built 1945

$520,000

List Price

$2,370

$2.1K - $2.6K

Rent Est.

PROPERTY INFO

November 25, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1945
  • Price/Sqft : $440.68
  • 6 Days on Market
  • MLS # : 20663336
  • Updated Date : 11/27/2020 at 14:08
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,180 sqft
  • Baths : 2 full
Listing Agent

Rodeo Realty Inc.

Listing Agent's Description

Located in a quiet neighborhood of Compton, this 3 bedroom and 2 bath home features an open floor plan, kitchen with stone countertops, and a separate laundry room. The master suite has spacious closet space and a ceramic tiled bathroom with a large shower. The gated backyard was recently updated with new concrete slabs, fences, and a beautiful gazebo perfect for entertaining or relaxing. Detached 2 car garage with additional parking within the gate and on the driveway. Conveniently located to schools, shopping centers, restaurants and parks. Just 5 minutes away from the 110 & 105 freeways.

SEE MORE

MARKET HIGHLIGHTS

  • 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]
  • 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)

PRICE & RENT TRENDS

Neighborhood: Compton

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450k500k550k600k650k700kPrice in $136k725k

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

Neighborhood: Compton

NeighborhoodNIR Market*CityMarket2010Year2000 Q42019 Q218002000220024002600280030003200Rent in $17183316

* 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
Mckinley Elementary School Primary Regular 351 22 7
Vanguard Learning Center Middle Regular 275 18 NA
Centennial High School High Regular 908 46 2

Mckinley Elementary School

  • Education Level: Primary
  • # of students: 351
  • # of teachers: 22
7
GreatSchools Rating

Vanguard Learning Center

  • Education Level: Middle
  • # of students: 275
  • # of teachers: 18
NA
GreatSchools Rating

Centennial High School

  • Education Level: High
  • # of students: 908
  • # of teachers: 46
2
GreatSchools Rating
 

$468,000$572,000$520,000

PURCHASE PRICE

$2,133$2,607$2,370

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,370
EXPENSES Loan Payment -$1,919
Property Tax -$568
Property Insurance -$55
Property Management Fees -$116
CASH FLOW
-$288

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.

$520,000

PROJECTED PRICE

$2,370

PROJECTED RENT

0.46%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.35%
Appreciation Year (1-5) 10.5%
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

PROJECTED ANNUAL CASH FLOW

11530-$5.0k$0.0$5.0k$10k$15k$20k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M$1.6M$1.8M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$143,550

INVESTMENT

$143,550

Down Payment
$130,000
Rehab Estimate
$5,750
Closing Costs
$7,800

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 55% down payment or higher enables the proceeds from the asset to cover all costs.

$1,919

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $130,000
Loan Amount $390,000
See What Happens When You Reinvest Cash Flow

3.58

YEARS SAVED

$19,909

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,370

    LIST RENT
  • $2.01

    LIST RENT PER SQFT
  • $2,519

    COMP ESTIMATED VALUE
  • $2.14

    COMP AVG. RENT PER SQFT
Comps Range
$2,300
1$2,3002$2,3703$2,4504$2,5005$2,875
$2,875
RENT COMPS ANALYSIS
  • 2001 N Dern Avenue Compton, CA 2
    • 3 beds 2 baths ∙ 1,180 Sqft ∙ Built 1945 3 beds 2 baths ∙ 1,180 Sqft ∙ Built 1945
    • Rent
    • Rent Per SQFT
    •  
    • $2,370
    • $2.01
    •  
  • 413 E 140th Street Los Angeles, CA 1
    • 3 beds 2 baths ∙ 1,000 Sqft ∙ Built 1956 3 beds 2 baths ∙ 1,000 Sqft ∙ Built 1956
    LEASED 02/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,300
    • $2.30
    •  
  • 14433 S Aprilia Avenue Compton, CA 3
    • 3 beds 2 baths ∙ 1,178 Sqft ∙ Built 1948 3 beds 2 baths ∙ 1,178 Sqft ∙ Built 1948
    LEASED 10/07/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,450
    • $2.08
    •  
  • 2319 W Corydon Street Compton, CA 4
    • 3 beds 1 baths ∙ 1,095 Sqft ∙ Built 1947 3 beds 1 baths ∙ 1,095 Sqft ∙ Built 1947
    LEASED 12/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $2.28
    •  
  • 629 E 120th Street Los Angeles, CA 5
    • 4 beds 2 baths ∙ 1,526 Sqft ∙ Built 1948 4 beds 2 baths ∙ 1,526 Sqft ∙ Built 1948
    LEASED 10/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,875
    • $1.88
    •  
PROPERTY LISTING DETAILS
Jessica May
Rodeo Realty Inc.
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: 20663336
Last Updated: 11/27/2020
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