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3510 Tuller Avenue Los Angeles, CA 90034

4 Beds 3 Baths 1,842 sqft Built 1952

$1,222,000

List Price

$4,980

$4.7K - $5.2K

Rent Est.

PROPERTY INFO

January 27, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1952
  • Price/Sqft : $663.41
  • 7 Days on Market
  • MLS # : SR21015750
  • Updated Date : 01/26/2021 at 16:23
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,842 sqft
  • Baths : 3 full
Listing Agent

Re/max Gateway

Listing Agent's Description

Welcome home to this Westside charmer! Single story at the end of a cul de sac, featuring 4 bedrooms and 3 full baths that was remodeled and rebuilt in 1986 with vaulted ceilings in the living room and skylight that brings in the natural light. Being in the heart of West Los Angeles, this property is perfectly situated near Beaches, Santa Monica, Culver City, Beverly Hills, LAX, Silicon Beach and Downtown with a direct bus line connecting to the Expo line. This is best value on the market!

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • 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)

PRICE & RENT TRENDS

Neighborhood: Mar Vista

NeighborhoodNIR Market*CityMarket2010Year20002019200k300k400k500k600k700k800k900k1000k1100k1200k1300k1400kPrice in $199k1403k

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

Neighborhood: Mar Vista

NeighborhoodNIR Market*CityMarket2010Year2000 Q42019 Q2200025003000350040004500Rent in $17844939

* 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
Daniel Webster Middle School Middle Regular 454 30 3
Venice Senior High School High Regular 2,109 95 7

Daniel Webster Middle School

  • Education Level: Middle
  • # of students: 454
  • # of teachers: 30
3
GreatSchools Rating

Venice Senior High School

  • Education Level: High
  • # of students: 2,109
  • # of teachers: 95
7
GreatSchools Rating
 

$1,099,800$1,344,200$1,222,000

PURCHASE PRICE

$4,482$5,478$4,980

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $4,980
EXPENSES Loan Payment -$4,244
Property Tax -$1,231
Property Insurance -$71
Property Management Fees -$244
CASH FLOW
-$810

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.

$1,222,000

PROJECTED PRICE

$4,980

PROJECTED RENT

0.41%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.56%
Appreciation Year (1-5) 12.2%
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$1.0M$2.0M$3.0M$4.0M

PROJECTED ANNUAL CASH FLOW

11530-$20k-$10k$0.0$10k$20k$30k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$1.0M$2.0M$3.0M$4.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$329,580

INVESTMENT

$329,580

Down Payment
$305,500
Rehab Estimate
$5,750
Closing Costs
$18,330

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 55% down payment or higher enables the proceeds from the asset to cover all costs.

$4,244

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $305,500
Loan Amount $916,500
See What Happens When You Reinvest Cash Flow

2.92

YEARS SAVED

$28,107

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $4,980

    LIST RENT
  • $2.7

    LIST RENT PER SQFT
  • $5,090

    COMP ESTIMATED VALUE
  • $2.76

    COMP AVG. RENT PER SQFT
Comps Range
$4,100
1$4,1002$4,3953$4,6504$4,980
$4,980
RENT COMPS ANALYSIS
  • 3510 Tuller Avenue Los Angeles, CA 4
    • 4 beds 3 baths ∙ 1,842 Sqft ∙ Built 1952 4 beds 3 baths ∙ 1,842 Sqft ∙ Built 1952
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $4,980
    • $2.70
    •  
  • 11860 Tennessee Place Los Angeles, CA 1
    • 3 beds 2 baths ∙ 1,510 Sqft ∙ Built 1955 3 beds 2 baths ∙ 1,510 Sqft ∙ Built 1955
    property image
    LEASED 07/29/19
    • Rent
    • Rent Per SQFT
    •  
    • $4,100
    • $2.72
    •  
  • 2939 Kelton Avenue Los Angeles, CA 2
    • 4 beds 2 baths ∙ 1,713 Sqft ∙ Built 1947 4 beds 2 baths ∙ 1,713 Sqft ∙ Built 1947
    property image
    LEASED 07/16/20
    • Rent
    • Rent Per SQFT
    •  
    • $4,395
    • $2.57
    •  
  • 10817 Charnock Road Los Angeles, CA 3
    • 4 beds 2 baths ∙ 1,550 Sqft ∙ Built 1938 4 beds 2 baths ∙ 1,550 Sqft ∙ Built 1938
    property image
    LEASED 11/11/20
    • Rent
    • Rent Per SQFT
    •  
    • $4,650
    • $3.00
    •  
PROPERTY LISTING DETAILS
Margie Shaffer
Re/max Gateway
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: SR21015750
Last Updated: 01/26/2021
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