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2054 N Marianna Avenue Los Angeles, CA 90032

3 Beds 3 Baths 2,146 sqft Built 2001

$750,000

List Price

$3,390

$3.1K - $3.6K

Rent Est.

PROPERTY INFO

December 05, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2001
  • Price/Sqft : $349.49
  • 3 Days on Market
  • MLS # : 20667324
  • Updated Date : 12/04/2020 at 17:53
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,146 sqft
  • Baths : 2 full , 1 half
Listing Agent

The Agency

Listing Agent's Description

ADU potential home centrally located minutes away from DTLA and Cal State LA. This home offers a two garage on the lower level which can be perfect for an ADU conversion(approval subject to local laws). Amenities include a recently renovated kitchen and floors, a master suite on its own floor, a computer area in the loft, a laundry room, gated parking in front with a two-car garage, and a private low maintenance backyard. With these features this home is ready for its new owner.

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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: 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
Multnomah Street Elementary School Primary Regular 472 20 5
El Sereno Middle School Middle Regular 1,276 65 4
Abraham Lincoln Senior High School High Regular 1,219 54 5

Multnomah Street Elementary School

  • Education Level: Primary
  • # of students: 472
  • # of teachers: 20
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
 

$675,000$825,000$750,000

PURCHASE PRICE

$3,051$3,729$3,390

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,390
EXPENSES Loan Payment -$2,767
Property Tax -$779
Property Insurance -$79
Property Management Fees -$166
CASH FLOW
-$401

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.

$750,000

PROJECTED PRICE

$3,390

PROJECTED RENT

0.45%

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-$10k-$5.0k$0.0$5.0k$10k$15k$20k$25k

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$204,500

INVESTMENT

$204,500

Down Payment
$187,500
Rehab Estimate
$5,750
Closing Costs
$11,250

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,767

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $187,500
Loan Amount $562,500
See What Happens When You Reinvest Cash Flow

3.67

YEARS SAVED

$30,591

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,390

    LIST RENT
  • $1.58

    LIST RENT PER SQFT
  • $3,949

    COMP ESTIMATED VALUE
  • $1.84

    COMP AVG. RENT PER SQFT
Comps Range
$3,300
1$3,3002$3,3903$4,300
$4,300
RENT COMPS ANALYSIS
  • 2054 N Marianna Avenue Los Angeles, CA 2
    • 3 beds 3 baths ∙ 2,146 Sqft ∙ Built 2001 3 beds 3 baths ∙ 2,146 Sqft ∙ Built 2001
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $3,390
    • $1.58
    •  
  • 4029 Barrett Road Los Angeles, CA 1
    • 4 beds 3 baths ∙ 2,127 Sqft ∙ Built 2007 4 beds 3 baths ∙ 2,127 Sqft ∙ Built 2007
    property image
    LEASED 09/16/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,300
    • $1.55
    •  
  • 5038 O'sullivan Drive Los Angeles, CA 3
    • 4 beds 4 baths ∙ 2,018 Sqft ∙ Built 2016 4 beds 4 baths ∙ 2,018 Sqft ∙ Built 2016
    property image
    LEASED 03/29/20
    • Rent
    • Rent Per SQFT
    •  
    • $4,300
    • $2.13
    •  
PROPERTY LISTING DETAILS
Angel Kou
The Agency
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: 20667324
Last Updated: 12/04/2020
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