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3417 Arlington Avenue Los Angeles, CA 90018

3 Beds 1 Baths 1,311 sqft Built 1913

$649,000

List Price

$3,270

$3K - $3.5K

Rent Est.

PROPERTY INFO

January 10, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1913
  • Price/Sqft : $495.04
  • 2 Days on Market
  • MLS # : PW21005333
  • Updated Date : 01/09/2021 at 18:43
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,311 sqft
  • Baths : 1 full
Listing Agent

Nationwide Real Estate Execs

Listing Agent's Description

This is a single-family house with a two-car garage in need of repairs. FHA and Conventional will NOT be considered due to the condition of the house. The seller does not want to deal with lender-required repairs or Lender requirements. Cash offers are preferred. For hard money offers there will be no appraisal or inspection contingency. No showings at this time. The property will only be shown with an offer subject to inspection. For now, you can find a video tour of the property on you tube. The property has paid off Solar Panels by Tesla formerly Solar City.

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
Audubon Middle School Middle Regular 660 39 1
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

Audubon Middle School

  • Education Level: Middle
  • # of students: 660
  • # of teachers: 39
1
GreatSchools Rating

Susan Miller Dorsey Senior High School

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

$584,100$713,900$649,000

PURCHASE PRICE

$2,943$3,597$3,270

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,270
EXPENSES Loan Payment -$2,254
Property Tax -$654
Property Insurance -$59
Property Management Fees -$160
CASH FLOW
$143

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.

$649,000

PROJECTED PRICE

$3,270

PROJECTED RENT

0.50%

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$0.0$5.0k$10k$15k$20k$25k$30k$35k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$500k$1.0M$1.5M$2.0M$2.5M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$177,735

INVESTMENT

$177,735

Down Payment
$162,250
Rehab Estimate
$5,750
Closing Costs
$9,735

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 40% down payment or higher enables the proceeds from the asset to cover all costs.

$2,254

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $162,250
Loan Amount $486,750
See What Happens When You Reinvest Cash Flow

7.83

YEARS SAVED

$67,189

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,270

    LIST RENT
  • $2.49

    LIST RENT PER SQFT
  • $3,295

    COMP ESTIMATED VALUE
  • $2.51

    COMP AVG. RENT PER SQFT
Comps Range
$2,500
1$2,5002$3,2503$3,2704$3,300
$3,300
RENT COMPS ANALYSIS
  • 3417 Arlington Avenue Los Angeles, CA 3
    • 3 beds 1 baths ∙ 1,311 Sqft ∙ Built 1913 3 beds 1 baths ∙ 1,311 Sqft ∙ Built 1913
    • Rent
    • Rent Per SQFT
    •  
    • $3,270
    • $2.49
    •  
  • 2884 W 12th St Street Los Angeles, CA 1
    • 3 beds 2 baths ∙ 1,009 Sqft ∙ Built 1895 3 beds 2 baths ∙ 1,009 Sqft ∙ Built 1895
    LEASED 11/17/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $2.48
    •  
  • 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
    •  
  • 3414 5th Avenue Los Angeles, CA 4
    • 3 beds 2 baths ∙ 1,144 Sqft ∙ Built 1922 3 beds 2 baths ∙ 1,144 Sqft ∙ Built 1922
    LEASED 08/21/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,300
    • $2.88
    •  
PROPERTY LISTING DETAILS
Hector Castillo Rivera
Nationwide Real Estate Execs
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: PW21005333
Last Updated: 01/09/2021
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