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2340 Fox Hills Drive #202 Los Angeles, CA 90064

3 Beds 3 Baths 1,707 sqft Built 2003

$1,145,000

List Price

$4,650

$4.4K - $4.9K

Rent Est.

PROPERTY INFO

November 14, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2003
  • Price/Sqft : $670.77
  • 2 Days on Market
  • MLS # : OC20239499
  • Updated Date : 11/14/2020 at 14:59
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,707 sqft
  • Baths : 2 full , 1 half
Listing Agent

Dalton Real Estate

Listing Agent's Description

Beautiful Mediterranean, quiet and private home features open living/dining with hardwood floors, fireplace, and French doors leading to very pretty tree surrounded balcony. The true cook's kitchen offers custom cabinetry, granite counter tops and Viking appliances. Enjoy the oversized master suite with fireplace and enormous walk-in closet. There is a full security system, wine cooler and laundry in unit. Set in a residential neighborhood, short distance to newly renovated Century City Mall with it's gourmet restaurants, numerous shops, movie theatres, and market.

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: Century City

NeighborhoodNIR Market*CityMarket2010Year20002019200k300k400k500k600k700k800k900k1000k1100k1200kPrice in $199k1202k

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

Neighborhood: Century City

NeighborhoodNIR Market*CityMarket2010Year2000 Q42019 Q220002500300035004000450050005500Rent in $17845969

* 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
Westwood Charter Elementary School Primary Charter 883 36 9
Emerson Community Charter School Middle Regular 533 23 5
University Senior High School High Regular 1,763 72 7

Westwood Charter Elementary School

  • Education Level: Primary
  • # of students: 883
  • # of teachers: 36
9
GreatSchools Rating

Emerson Community Charter School

  • Education Level: Middle
  • # of students: 533
  • # of teachers: 23
5
GreatSchools Rating

University Senior High School

  • Education Level: High
  • # of students: 1,763
  • # of teachers: 72
7
GreatSchools Rating
 

$1,030,500$1,259,500$1,145,000

PURCHASE PRICE

$4,185$5,115$4,650

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $4,650
EXPENSES Loan Payment -$4,225
Property Tax -$1,166
Property Insurance -$68
HOA -$500
Property Management Fees -$228
CASH FLOW
-$1,536

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.

$1,145,000

PROJECTED PRICE

$4,650

PROJECTED RENT

0.41%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.56%
Appreciation Year (1-5) 4.7%
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

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$309,175

INVESTMENT

$309,175

Down Payment
$286,250
Rehab Estimate
$5,750
Closing Costs
$17,175

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$4,225

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $286,250
Loan Amount $858,750
See What Happens When You Reinvest Cash Flow

0.42

YEARS SAVED

$1,351

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $4,650

    LIST RENT
  • $2.72

    LIST RENT PER SQFT
  • $4,396

    COMP ESTIMATED VALUE
  • $2.58

    COMP AVG. RENT PER SQFT
Comps Range
$4,200
1$4,2002$4,3003$4,5004$4,6505$4,950
$4,950
RENT COMPS ANALYSIS
  • 2340 Fox Hills Drive Culver City, CA 4
    • 3 beds 3 baths ∙ 1,707 Sqft ∙ Built 2003 3 beds 3 baths ∙ 1,707 Sqft ∙ Built 2003
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $4,650
    • $2.72
    •  
  • 10664 Wilkins Avenue Los Angeles, CA 1
    • 3 beds 3 baths ∙ 1,644 Sqft ∙ Built 1991 3 beds 3 baths ∙ 1,644 Sqft ∙ Built 1991
    property image
    LEASED 09/08/20
    • Rent
    • Rent Per SQFT
    •  
    • $4,200
    • $2.55
    •  
  • 2340 Fox Hills Drive Los Angeles, CA 2
    • 3 beds 3 baths ∙ 1,701 Sqft ∙ Built 2003 3 beds 3 baths ∙ 1,701 Sqft ∙ Built 2003
    property image
    LEASED 10/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $4,300
    • $2.53
    •  
  • 10336 Wilshire Boulevard Los Angeles, CA 3
    • 3 beds 3 baths ∙ 1,745 Sqft ∙ Built 1994 3 beds 3 baths ∙ 1,745 Sqft ∙ Built 1994
    property image
    LEASED 11/06/19
    • Rent
    • Rent Per SQFT
    •  
    • $4,500
    • $2.58
    •  
  • 10641 Missouri Avenue Los Angeles, CA 5
    • 3 beds 3 baths ∙ 1,872 Sqft ∙ Built 1994 3 beds 3 baths ∙ 1,872 Sqft ∙ Built 1994
    property image
    LEASED 12/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $4,950
    • $2.64
    •  
PROPERTY LISTING DETAILS
Emmett Dalton
Dalton Real Estate
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: OC20239499
Last Updated: 11/14/2020
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