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366 E Piru Street County - Los Angeles, CA 90061

3 Beds 2 Baths 1,188 sqft Built 1949

$535,000

List Price

$2,560

$2.3K - $2.8K

Rent Est.

PROPERTY INFO

February 12, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1949
  • Price/Sqft : $450.34
  • 4 Days on Market
  • MLS # : IV21012031
  • Updated Date : 02/12/2021 at 13:15
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,188 sqft
  • Baths : 2 full
Listing Agent

Crest Sotheby's International Realty

Listing Agent's Description

What a beauty! Step inside this model like home, where all you have to do is move in. Offered at 1188 sq ft with 3 bedrooms and 2 baths, this home is full of charm and tasteful upgrades. Kitchen is spacious with new durable Quartz countertops, new sink with commercial grade finished, porcelain backsplash, newly painted cabinets, and stainless steel appliances. Barn doors throughout the home gives that highly desired farm house feel. The home features beautiful wood laminate floors and a spacious living room area with a cozy faux electric fire place. Hall bathroom has been upgraded with a beautiful vanity, reglazed tub, and terracotta painted floor tile. Primary bathroom has modern decor. Primary bedroom has a slider to backyard. The backyard is an entertainer’s delight. Beautiful patio with a gazebo. New landscape including artificial turf for easy maintenance, brickwork, vinyl fencing for dog run, and an area behind picket fence with 2 fruit trees. You will have plenty of room to park with a car port and behind the gates is a detached garage. Ceiling fans in every room, window units in primary and front room. Completely remodeled in 2011. Location is great! 15 minutes to new SoFi stadium, Forum, LAX and 20 minutes to the beach. Close to all freeways and close to down town LA. Don’t miss out!

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: Willowbrook

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450k500k550k600k650k700kPrice in $128k725k

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

Neighborhood: Willowbrook

NeighborhoodNIR Market*CityMarket2010Year2000 Q42019 Q218002000220024002600280030003200Rent in $17063316

* 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
Robert E Peary Middle School Middle Regular 1,388 70 3
Gardena Senior High School High Regular 1,598 67 2
Enterprise Middle School Middle Unknown NA

Robert E Peary Middle School

  • Education Level: Middle
  • # of students: 1,388
  • # of teachers: 70
3
GreatSchools Rating

Gardena Senior High School

  • Education Level: High
  • # of students: 1,598
  • # of teachers: 67
2
GreatSchools Rating

Enterprise Middle School

  • Education Level: Middle
  • # of students:
  • # of teachers:
NA
GreatSchools Rating
 

$481,500$588,500$535,000

PURCHASE PRICE

$2,304$2,816$2,560

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,560
EXPENSES Loan Payment -$1,858
Property Tax -$593
Property Insurance -$56
Property Management Fees -$125
CASH FLOW
-$73

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.

$535,000

PROJECTED PRICE

$2,560

PROJECTED RENT

0.48%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.35%
Appreciation Year (1-5) 13.0%
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

PROJECTED ANNUAL CASH FLOW

11530-$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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$147,525

INVESTMENT

$147,525

Down Payment
$133,750
Rehab Estimate
$5,750
Closing Costs
$8,025

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 50% down payment or higher enables the proceeds from the asset to cover all costs.

$1,858

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $133,750
Loan Amount $401,250
See What Happens When You Reinvest Cash Flow

5.67

YEARS SAVED

$34,208

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,560

    LIST RENT
  • $2.15

    LIST RENT PER SQFT
  • $2,718

    COMP ESTIMATED VALUE
  • $2.29

    COMP AVG. RENT PER SQFT
Comps Range
$2,300
1$2,3002$2,5003$2,5004$2,5605$2,900
$2,900
RENT COMPS ANALYSIS
  • 366 E Piru Street Compton, CA 4
    • 3 beds 2 baths ∙ 1,188 Sqft ∙ Built 1949 3 beds 2 baths ∙ 1,188 Sqft ∙ Built 1949
    • Rent
    • Rent Per SQFT
    •  
    • $2,560
    • $2.15
    •  
  • 413 E 140th Street Los Angeles, CA 1
    • 3 beds 2 baths ∙ 1,000 Sqft ∙ Built 1956 3 beds 2 baths ∙ 1,000 Sqft ∙ Built 1956
    LEASED 02/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,300
    • $2.30
    •  
  • 13424 S New Hampshire Avenue Gardena, CA 2
    • 3 beds 1 baths ∙ 1,056 Sqft ∙ Built 1947 3 beds 1 baths ∙ 1,056 Sqft ∙ Built 1947
    LEASED 01/18/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $2.37
    •  
  • 2319 W Corydon Street Compton, CA 3
    • 3 beds 1 baths ∙ 1,095 Sqft ∙ Built 1947 3 beds 1 baths ∙ 1,095 Sqft ∙ Built 1947
    LEASED 12/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $2.28
    •  
  • 2713 W 154th Street Compton, CA 5
    • 4 beds 2 baths ∙ 1,320 Sqft ∙ Built 1960 4 beds 2 baths ∙ 1,320 Sqft ∙ Built 1960
    LEASED 06/09/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,900
    • $2.20
    •  
PROPERTY LISTING DETAILS
Brittney Jeanson
Crest Sotheby's International Realty
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: IV21012031
Last Updated: 02/12/2021
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