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3712 S Muirfield Road Los Angeles, CA 90016

3 Beds 2 Baths 1,772 sqft Built 1945

$1,249,000

List Price

$4,280

$4K - $4.5K

Rent Est.

PROPERTY INFO

November 03, 2020 RECENTLY ADDED
FACTS
  • Built In 1945
  • Price/Sqft : $704.85
  • 2 Days on Market
  • MLS # : 20654672
  • Updated Date : 11/02/2020 at 19:58
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,772 sqft
  • Baths : 2 full
Listing Agent

Compass

Listing Agent's Description

Beautifully remodeled 3 bed 2 bath traditional on tree lined street in the coveted pocket of Crenshaw Manor. Updated with luxurious bathrooms, gorgeous oak floors, wainscoting and crown moldings thru-out, each room seamlessly flows into the next. The spacious living room with fireplace, formal dining, and a sunlit kitchen with center island + family room are flanked by french doors leading to a very large and grassy backyard, perfect for gardening + entertaining. Long driveway with secured gated parking including a 2 car garage, offering ADU possibilities. With our own train entrance you are minutes from Culver City restaurants + shops, the new Whole Foods at The Cumulus and 20 mins to either the beach or center of downtown. Central location at the junction of two major train lines makes this neighborhood one of LAs best kept secrets!

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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: Crenshaw

NeighborhoodNIR Market*CityMarket2010Year20002019200k250k300k350k400k450k500k550k600k650k700k750k800k850kPrice in $153k857k

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

Neighborhood: Crenshaw

NeighborhoodNIR Market*CityMarket2010Year2000 Q42019 Q218002000220024002600280030003200Rent in $17183381

* 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
Coliseum Street Elementary School Primary Regular 262 13 1
Audubon Middle School Middle Regular 660 39 1
Susan Miller Dorsey Senior High School High Regular 1,134 59 2

Coliseum Street Elementary School

  • Education Level: Primary
  • # of students: 262
  • # of teachers: 13
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
 

$1,124,100$1,373,900$1,249,000

PURCHASE PRICE

$3,852$4,708$4,280

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $4,280
EXPENSES Loan Payment -$4,608
Property Tax -$1,258
Property Insurance -$70
Property Management Fees -$210
CASH FLOW
-$1,865

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.

$1,249,000

PROJECTED PRICE

$4,280

PROJECTED RENT

0.34%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.35%
Appreciation Year (1-5) 11.8%
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$1.0M$2.0M$3.0M$4.0M

PROJECTED ANNUAL CASH FLOW

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

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$336,735

INVESTMENT

$336,735

Down Payment
$312,250
Rehab Estimate
$5,750
Closing Costs
$18,735

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 70% down payment or higher enables the proceeds from the asset to cover all costs.

$4,608

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $312,250
Loan Amount $936,750
See What Happens When You Reinvest Cash Flow

0.25

YEARS SAVED

$537

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $4,280

    LIST RENT
  • $2.42

    LIST RENT PER SQFT
  • $4,284

    COMP ESTIMATED VALUE
  • $2.42

    COMP AVG. RENT PER SQFT
Comps Range
$3,200
1$3,2002$3,9503$4,0004$4,2805$4,595
$4,595
RENT COMPS ANALYSIS
  • 3712 S Muirfield Road Los Angeles, CA 4
    • 3 beds 2 baths ∙ 1,772 Sqft ∙ Built 1945 3 beds 2 baths ∙ 1,772 Sqft ∙ Built 1945
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $4,280
    • $2.42
    •  
  • 3764 Buckingham Road Los Angeles, CA 1
    • 3 beds 2 baths ∙ 1,438 Sqft ∙ Built 1948 3 beds 2 baths ∙ 1,438 Sqft ∙ Built 1948
    property image
    LEASED 01/08/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,200
    • $2.23
    •  
  • 3630 Wellington Road Los Angeles, CA 2
    • 3 beds 2 baths ∙ 1,691 Sqft ∙ Built 1939 3 beds 2 baths ∙ 1,691 Sqft ∙ Built 1939
    property image
    LEASED 05/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,950
    • $2.34
    •  
  • 3903 S Orange Drive Los Angeles, CA 3
    • 3 beds 2 baths ∙ 1,582 Sqft ∙ Built 1947 3 beds 2 baths ∙ 1,582 Sqft ∙ Built 1947
    property image
    LEASED 09/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $4,000
    • $2.53
    •  
  • 4710 Don Porfirio Place Los Angeles, CA 5
    • 3 beds 2 baths ∙ 1,787 Sqft ∙ Built 1958 3 beds 2 baths ∙ 1,787 Sqft ∙ Built 1958
    property image
    LEASED 10/17/19
    • Rent
    • Rent Per SQFT
    •  
    • $4,595
    • $2.57
    •  
PROPERTY LISTING DETAILS
Gia Casty
Compass
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: 20654672
Last Updated: 11/02/2020
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