Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more

2719 W Jefferson Boulevard Los Angeles, CA 90018

3 Beds 2 Baths 1,381 sqft Built 1919

$799,000

List Price

$3,050

$2.8K - $3.3K

Rent Est.

PROPERTY INFO

December 04, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1919
  • Price/Sqft : $578.57
  • 3 Days on Market
  • MLS # : PW20251353
  • Updated Date : 12/04/2020 at 16:35
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,381 sqft
  • Baths : 2 full
Listing Agent

Re/max Diamond

Listing Agent's Description

Extensively remodeled Featuring 3 bedrooms/2 bathrooms. Light and bright with open floor plan and stylishly renovated kitchen and bathrooms. Stunning new laminated hardwood floors & recessed lighting fills the entire home with warmth & brightness. Modern kitchen features beautiful cabinets, quartz countertops, breakfast countertops and Stainless Steel appliances. This breakfast countertop is so huge that you can use as a dinning table. Spacious master en suite bedroom includes a private bathroom & closet. Updated systems Large, newly landscaped lot expansive backyard & motorized gated entry from alley for parking. Location: within minutes from the Metro Line, DTLA, USC & 10 freeway Soon you will have so much privacy when the trees grow at the front yard.

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: Jefferson Park

NeighborhoodNIR Market*CityMarket2010Year20002019200k250k300k350k400k450k500k550k600k650k700kPrice in $153k725k

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

Neighborhood: Jefferson Park

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
6th Avenue Elementary School Primary Regular 654 26 1
Johnnie L Cochran Jr Middle School Middle Regular 842 47 2
Susan Miller Dorsey Senior High School High Regular 1,134 59 2

6th Avenue Elementary School

  • Education Level: Primary
  • # of students: 654
  • # of teachers: 26
1
GreatSchools Rating

Johnnie L Cochran Jr Middle School

  • Education Level: Middle
  • # of students: 842
  • # of teachers: 47
2
GreatSchools Rating

Susan Miller Dorsey Senior High School

  • Education Level: High
  • # of students: 1,134
  • # of teachers: 59
2
GreatSchools Rating
 

$719,100$878,900$799,000

PURCHASE PRICE

$2,745$3,355$3,050

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,050
EXPENSES Loan Payment -$2,948
Property Tax -$832
Property Insurance -$60
Property Management Fees -$149
CASH FLOW
-$940

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.

$799,000

PROJECTED PRICE

$3,050

PROJECTED RENT

0.38%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.35%
Appreciation Year (1-5) 14.2%
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

PROJECTED ANNUAL CASH FLOW

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

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$217,485

INVESTMENT

$217,485

Down Payment
$199,750
Rehab Estimate
$5,750
Closing Costs
$11,985

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 65% down payment or higher enables the proceeds from the asset to cover all costs.

$2,948

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $199,750
Loan Amount $599,250
See What Happens When You Reinvest Cash Flow

1.08

YEARS SAVED

$4,053

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,050

    LIST RENT
  • $2.21

    LIST RENT PER SQFT
  • $3,356

    COMP ESTIMATED VALUE
  • $2.43

    COMP AVG. RENT PER SQFT
Comps Range
$3,050
1$3,0502$3,2503$3,9504$4,050
$4,050
RENT COMPS ANALYSIS
  • 2719 W Jefferson Boulevard Los Angeles, CA 1
    • 3 beds 2 baths ∙ 1,381 Sqft ∙ Built 1919 3 beds 2 baths ∙ 1,381 Sqft ∙ Built 1919
    • Rent
    • Rent Per SQFT
    •  
    • $3,050
    • $2.21
    •  
  • 3887 Arlington Avenue Los Angeles, CA 2
    • 3 beds 2 baths ∙ 1,491 Sqft ∙ Built 1921 3 beds 2 baths ∙ 1,491 Sqft ∙ Built 1921
    LEASED 04/05/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,250
    • $2.18
    •  
  • 3630 Wellington Road Los Angeles, CA 3
    • 3 beds 2 baths ∙ 1,691 Sqft ∙ Built 1939 3 beds 2 baths ∙ 1,691 Sqft ∙ Built 1939
    LEASED 05/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,950
    • $2.34
    •  
  • 4215 W 29th Street Los Angeles, CA 4
    • 4 beds 3 baths ∙ 1,460 Sqft ∙ Built 1926 4 beds 3 baths ∙ 1,460 Sqft ∙ Built 1926
    LEASED 09/09/20
    • Rent
    • Rent Per SQFT
    •  
    • $4,050
    • $2.77
    •  
PROPERTY LISTING DETAILS
Joe Byon
Re/max Diamond
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: PW20251353
Last Updated: 12/04/2020
BESbswy