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2827 S Bedford Street Los Angeles, CA 90034

3 Beds 1 Baths 1,490 sqft Built 1928

$1,089,000

List Price

$4,040

$3.8K - $4.3K

Rent Est.

PROPERTY INFO

FACTS
  • Built In 1928
  • Price/Sqft : $730.87
  • 23 Days on Market
  • MLS # : 20645218
  • Updated Date : 10/28/2020 at 15:52
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,490 sqft
  • Baths : 1 full
Listing Agent

Keller Williams Beverly Hills

Listing Agent's Description

1928 Spanish home on a quiet cul-de-sac in Reynier Village. Enter to a large living room with high ceilings, hardwood floors and a brick fireplace. The updated kitchen has all stainless steel appliances including a new Samsung French door refrigerator. The main house has 2 bedrooms and a newly remodeled full bath. The existing converted garage (designated here as the 3rd bedroom and approximately 400sf) with bath was completely remodeled in 2018 with a new roof, windows, doors, hardwood floors and attached laundry room with Samsung washer and dryer. In the rear of the large grassy yard is a relaxing hot tub and storage shed. The property has been re-piped along with an updated electrical panel and water heater. Close to new shops and restaurants on South Robertson Blvd and the Helms Bakery Complex/ Metro Expo Line Station. Buyer advised to check all permits and square footage to own satisfaction.

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: Reynier Village

NeighborhoodNIR Market*CityMarket2010Year20002019200k300k400k500k600k700k800k900k1000kPrice in $199k1013k

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

Neighborhood: Reynier Village

NeighborhoodNIR Market*CityMarket2010Year2000 Q42019 Q21800200022002400260028003000320034003600380040004200Rent in $17844269

* 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
Shenandoah Street Elementary School Primary Regular 481 22 5
Mark Twain Middle School Middle Regular 635 33 4
Alexander Hamilton Senior High School High Magnet 2,941 121 6

Shenandoah Street Elementary School

  • Education Level: Primary
  • # of students: 481
  • # of teachers: 22
5
GreatSchools Rating

Mark Twain Middle School

  • Education Level: Middle
  • # of students: 635
  • # of teachers: 33
4
GreatSchools Rating

Alexander Hamilton Senior High School

  • Education Level: High
  • # of students: 2,941
  • # of teachers: 121
6
GreatSchools Rating
 

$980,100$1,197,900$1,089,000

PURCHASE PRICE

$3,636$4,444$4,040

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $4,040
EXPENSES Loan Payment -$4,018
Property Tax -$1,097
Property Insurance -$63
Property Management Fees -$198
CASH FLOW
-$1,335

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.

$1,089,000

PROJECTED PRICE

$4,040

PROJECTED RENT

0.37%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.56%
Appreciation Year (1-5) 8.6%
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$3.5M

PROJECTED ANNUAL CASH FLOW

11530-$20k-$10k$0.0$10k$20k

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$294,335

INVESTMENT

$294,335

Down Payment
$272,250
Rehab Estimate
$5,750
Closing Costs
$16,335

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$4,018

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $272,250
Loan Amount $816,750
See What Happens When You Reinvest Cash Flow

0.67

YEARS SAVED

$3,748

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $4,040

    LIST RENT
  • $2.71

    LIST RENT PER SQFT
  • $4,355

    COMP ESTIMATED VALUE
  • $2.92

    COMP AVG. RENT PER SQFT
Comps Range
$3,400
1$3,4002$4,0403$4,4004$4,6505$4,750
$4,750
RENT COMPS ANALYSIS
  • 2827 S Bedford Street Los Angeles, CA 2
    • 3 beds 1 baths ∙ 1,490 Sqft ∙ Built 1928 3 beds 1 baths ∙ 1,490 Sqft ∙ Built 1928
    • Rent
    • Rent Per SQFT
    •  
    • $4,040
    • $2.71
    •  
  • 1978 S Holt Avenue Los Angeles, CA 1
    • 3 beds 2 baths ∙ 1,160 Sqft ∙ Built 1936 3 beds 2 baths ∙ 1,160 Sqft ∙ Built 1936
    LEASED 02/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,400
    • $2.93
    •  
  • 1941 Thurman Ave Los Angeles, CA 3
    • 3 beds 1 baths ∙ 1,500 Sqft ∙ Built 1938 3 beds 1 baths ∙ 1,500 Sqft ∙ Built 1938
    LEASED 02/29/20
    • Rent
    • Rent Per SQFT
    •  
    • $4,400
    • $2.93
    •  
  • 8932 Olin Street Los Angeles, CA 4
    • 4 beds 2 baths ∙ 1,620 Sqft ∙ Built 1923 4 beds 2 baths ∙ 1,620 Sqft ∙ Built 1923
    LEASED 10/19/20
    • Rent
    • Rent Per SQFT
    •  
    • $4,650
    • $2.87
    •  
  • 1763 Stearns Drive Los Angeles, CA 5
    • 3 beds 2 baths ∙ 1,604 Sqft ∙ Built 1938 3 beds 2 baths ∙ 1,604 Sqft ∙ Built 1938
    LEASED 09/25/20
    • Rent
    • Rent Per SQFT
    •  
    • $4,750
    • $2.96
    •  
PROPERTY LISTING DETAILS
Michael Rozales
Keller Williams Beverly Hills
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: 20645218
Last Updated: 10/28/2020
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