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207 N Harvard Boulevard Los Angeles, CA 90004

3 Beds 1 Baths 1,511 sqft Built 1919

$1,200,000

List Price

$3,940

$3.7K - $4.2K

Rent Est.

PROPERTY INFO

FACTS
  • Single Family
  • Built In 1919
  • Price/Sqft : $794.18
  • 93 Days on Market
  • MLS # : WS20213971
  • Updated Date : 11/01/2020 at 16:20
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,511 sqft
  • Baths : 1 full
Listing Agent

Huntington Realty Group Co.

Listing Agent's Description

California Craftsman Bungalow, Built 1919, 1,511 Sqft, 6,532 Lot Sqft.; 3 bedrooms with 1.5 baths, formal dining room, breakfast area in kitchen. Large open space living room w/ fireplace, hardwood floors thru out the house. Ceiling fans in the all bedrooms. Private gated, long driveway, two cars detached garage. Covered front porch. It has a beautiful characteristic, great bones. Open up to re-imagine the way your liking. Great location in KTown, close to shopping center, walking distance to public transportation – Buses and Metro, easy access to freeways. Property to be sold AS-IS.

SEE MORE

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: Wilshire Center - Koreatown

NeighborhoodNIR Market*CityMarket2010Year20002019200k250k300k350k400k450k500k550k600k650k700k750k800k850kPrice in $153k867k

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

Neighborhood: Wilshire Center - Koreatown

NeighborhoodNIR Market*CityMarket2010Year2000 Q42019 Q2180020002200240026002800300032003400360038004000Rent in $17184102

* 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
Cahuenga Elementary School Primary Regular 567 25 6
Rfk Comm Schls - Ambassador School - Global Leadership Middle Regular 622 27 4
Rfk Comm Schls - Ambassador School - Global Leadership High Regular 622 27 4

Cahuenga Elementary School

  • Education Level: Primary
  • # of students: 567
  • # of teachers: 25
6
GreatSchools Rating

Rfk Comm Schls - Ambassador School - Global Leadership

  • Education Level: Middle
  • # of students: 622
  • # of teachers: 27
4
GreatSchools Rating

Rfk Comm Schls - Ambassador School - Global Leadership

  • Education Level: High
  • # of students: 622
  • # of teachers: 27
4
GreatSchools Rating
 

$1,080,000$1,320,000$1,200,000

PURCHASE PRICE

$3,546$4,334$3,940

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,940
EXPENSES Loan Payment -$4,168
Property Tax -$1,208
Property Insurance -$63
Property Management Fees -$193
CASH FLOW
-$1,693

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.

$1,200,000

PROJECTED PRICE

$3,940

PROJECTED RENT

0.33%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.35%
Appreciation Year (1-5) 7.7%
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$2.5M$3.0M$3.5M

PROJECTED ANNUAL CASH FLOW

11530-$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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$323,750

INVESTMENT

$323,750

Down Payment
$300,000
Rehab Estimate
$5,750
Closing Costs
$18,000

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$4,168

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $300,000
Loan Amount $900,000
See What Happens When You Reinvest Cash Flow

0.25

YEARS SAVED

$390

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,940

    LIST RENT
  • $2.61

    LIST RENT PER SQFT
  • $3,974

    COMP ESTIMATED VALUE
  • $2.63

    COMP AVG. RENT PER SQFT
Comps Range
$3,900
1$3,9002$3,9403$3,9954$4,5005$4,900
$4,900
RENT COMPS ANALYSIS
  • 207 N Harvard Boulevard Los Angeles, CA 2
    • 3 beds 1 baths ∙ 1,511 Sqft ∙ Built 1919 3 beds 1 baths ∙ 1,511 Sqft ∙ Built 1919
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $3,940
    • $2.61
    •  
  • 1125 N Heliotrope Drive Los Angeles, CA 1
    • 4 beds 2 baths ∙ 1,617 Sqft ∙ Built 1919 4 beds 2 baths ∙ 1,617 Sqft ∙ Built 1919
    property image
    LEASED 11/09/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,900
    • $2.41
    •  
  • 218 N Serrano Avenue Los Angeles, CA 3
    • 3 beds 2 baths ∙ 1,576 Sqft ∙ Built 1917 3 beds 2 baths ∙ 1,576 Sqft ∙ Built 1917
    property image
    LEASED 09/04/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,995
    • $2.53
    •  
  • 141 S Serrano Avenue Los Angeles, CA 4
    • 4 beds 2 baths ∙ 1,852 Sqft ∙ Built 1910 4 beds 2 baths ∙ 1,852 Sqft ∙ Built 1910
    property image
    LEASED 08/27/20
    • Rent
    • Rent Per SQFT
    •  
    • $4,500
    • $2.43
    •  
  • 202 N Serrano Avenue Los Angeles, CA 5
    • 3 beds 1 baths ∙ 1,554 Sqft ∙ Built 1918 3 beds 1 baths ∙ 1,554 Sqft ∙ Built 1918
    property image
    LEASED 11/23/19
    • Rent
    • Rent Per SQFT
    •  
    • $4,900
    • $3.15
    •  
PROPERTY LISTING DETAILS
Chau Perapalanunt
Huntington Realty Group Co.
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: WS20213971
Last Updated: 11/01/2020
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