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3314 Two Tree Avenue Los Angeles, CA 90031

4 Beds 5 Baths 1,988 sqft Built 2016

$1,075,000

List Price

$3,900

$3.7K - $4.2K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
February 23, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2016
  • Price/Sqft : $540.74
  • 7 Days on Market
  • MLS # : 320005008
  • Updated Date : 02/25/2021 at 20:32
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,988 sqft
  • Baths : 5 full
Listing Agent

Coldwell Banker Hallmark Realt

Listing Agent's Description

3D Tour: http://www.3314twotree.com. Spectacular views of landmark Los Angeles dazzle your days and nights with sparkling city lights of Downtown L.A, Dodgers Stadium, Catalina Island, not to mention the Hollywood Sign from the front porch of this Urban Chic beauty. This carefully crafted Smart Home welcomes you with 4 large bedrooms, each with their own bathroom, including an oversized bedroom with a walk-in closet. You will appreciate the modern floor plan with views from every angle with 2 balconies for added enjoyment. The interior setting is enhanced with engineered hardwood flooring, wood-like tile and recessed lights throughout. A cozy gas fireplace styles the living room. There's a separate dining area and a kitchen with granite countertops and stainless steel appliances. All rooms have ZWave lighting dimmers and motorized solar shades controlled by remote or app and are pre-wired with CAT5 and coaxial cable for the ultimate home network. A small paved patio in the backyard is ideal for your dining pleasure with a BBQ and simply relaxation by the fire pit. Additionally, the backyard is fenced, with opportunity for developing a garden, deck, or what you find to be your happy place. Only 5 years old, the house has been home to its original owners.

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MARKET HIGHLIGHTS

  • Southern California area contributes to 55.3% of California state economy i.e. Gross State Product (USMayors.org, 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)
  • 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 has 58.7% labor force participation rate; within this area, Los Angeles metro has 62.3% labor force participation rate (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)
  • 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]
  • 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)

PRICE & RENT TRENDS

Neighborhood: Lincoln Heights

NeighborhoodNIR Market*CityMarket2010Year20002019200k250k300k350k400k450k500k550k600k650k700kPrice in $153k725k

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

Neighborhood: Lincoln Heights

NeighborhoodNIR Market*CityMarket2010Year2000 Q42019 Q2160018002000220024002600280030003200Rent in $15883316

* 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
Gates Street Elementary School Primary Regular 706 31 3
Florence Nightingale Middle School Middle Regular 716 41 4
Abraham Lincoln Senior High School High Regular 1,219 54 5

Gates Street Elementary School

  • Education Level: Primary
  • # of students: 706
  • # of teachers: 31
3
GreatSchools Rating

Florence Nightingale Middle School

  • Education Level: Middle
  • # of students: 716
  • # of teachers: 41
4
GreatSchools Rating

Abraham Lincoln Senior High School

  • Education Level: High
  • # of students: 1,219
  • # of teachers: 54
5
GreatSchools Rating
 

$967,500$1,182,500$1,075,000

PURCHASE PRICE

$3,510$4,290$3,900

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,900
EXPENSES Loan Payment -$3,734
Property Tax -$1,117
Property Insurance -$75
Property Management Fees -$191
CASH FLOW
-$1,217

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.

$1,075,000

PROJECTED PRICE

$3,900

PROJECTED RENT

0.36%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.35%
Appreciation Year (1-5) 10.5%
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-$20k-$15k-$10k-$5.0k$0.0$5.0k$10k$15k$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$290,625

INVESTMENT

$290,625

Down Payment
$268,750
Rehab Estimate
$5,750
Closing Costs
$16,125

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$3,734

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $268,750
Loan Amount $806,250
See What Happens When You Reinvest Cash Flow

0.92

YEARS SAVED

$3,889

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,900

    LIST RENT
  • $1.96

    LIST RENT PER SQFT
  • $4,871

    COMP ESTIMATED VALUE
  • $2.45

    COMP AVG. RENT PER SQFT
Comps Range
$3,900
1$3,9002$4,1503$4,800
$4,800
RENT COMPS ANALYSIS
  • 3314 Two Tree Avenue Los Angeles, CA 1
    • 4 beds 5 baths ∙ 1,988 Sqft ∙ Built 2016 4 beds 5 baths ∙ 1,988 Sqft ∙ Built 2016
    • Rent
    • Rent Per SQFT
    •  
    • $3,900
    • $1.96
    •  
  • 2700 E Chaucer Street Cypress Park, CA 2
    • 4 beds 4 baths ∙ 1,840 Sqft ∙ Built 2018 4 beds 4 baths ∙ 1,840 Sqft ∙ Built 2018
    LEASED 01/01/21
    • Rent
    • Rent Per SQFT
    •  
    • $4,150
    • $2.26
    •  
  • 749 Montecito Drive Los Angeles, CA 3
    • 3 beds 3 baths ∙ 1,818 Sqft ∙ Built 2007 3 beds 3 baths ∙ 1,818 Sqft ∙ Built 2007
    LEASED 01/23/21
    • Rent
    • Rent Per SQFT
    •  
    • $4,800
    • $2.64
    •  
PROPERTY LISTING DETAILS
Masis Babakhanyan
Coldwell Banker Hallmark Realt
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: 320005008
Last Updated: 02/25/2021
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