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3715 San Marino St #404 Los Angeles, CA 90019

3 Beds 3 Baths 1,596 sqft Built 2017

$887,000

List Price

$3,950

$3.7K - $4.2K

Rent Est.

PROPERTY INFO

November 12, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2017
  • Price/Sqft : $555.76
  • 5 Days on Market
  • MLS # : 20658574
  • Updated Date : 11/13/2020 at 21:57
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,596 sqft
  • Baths : 2 full , 1 half
Listing Agent

Plg Estates

Listing Agent's Description

Brand new construction in 2017, this bright and spacious top floor unit in the sought after San Marino building features high ceilings and multiple balconies all throughout the home and a sweeping modern open floor plan with a large chefs kitchen, including luxury appliances and a beautiful waterfall island, perfect for family gatherings or entertaining at night with friends. The conveniently separated and private Master Suite comes complete with a large master bath and a furnished walk-in closet to match. Secured & monitored w/ FOB entry, the residence also includes an entertainment lounge, side by side parking, and a terrace patio w/ an outdoor fire pit. Professional and private, this is luxury living at its best!

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: Mount Washington

NeighborhoodNIR Market*CityMarket2010Year20002019200k250k300k350k400k450k500k550k600k650k700k750k800kPrice in $187k818k

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

Neighborhood: Mount Washington

NeighborhoodNIR Market*CityMarket2010Year2000 Q42019 Q218002000220024002600280030003200340036003800Rent in $16353845

* 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
Mount Washington Elementary School Primary Regular 409 17 7
Mount Washington Elementary School Middle Regular 409 17 7
Puc Early College Academy For Leaders And Scholars High Charter 446 20 6

Mount Washington Elementary School

  • Education Level: Primary
  • # of students: 409
  • # of teachers: 17
7
GreatSchools Rating

Mount Washington Elementary School

  • Education Level: Middle
  • # of students: 409
  • # of teachers: 17
7
GreatSchools Rating

Puc Early College Academy For Leaders And Scholars

  • Education Level: High
  • # of students: 446
  • # of teachers: 20
6
GreatSchools Rating
 

$798,300$975,700$887,000

PURCHASE PRICE

$3,555$4,345$3,950

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,950
EXPENSES Loan Payment -$3,273
Property Tax -$922
Property Insurance -$65
HOA -$440
Property Management Fees -$194
CASH FLOW
-$943

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.

$887,000

PROJECTED PRICE

$3,950

PROJECTED RENT

0.45%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.48%
Appreciation Year (1-5) 10.0%
Maintenance Year (1-5) 8.00%
Vacancy 4.69%
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-$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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$240,805

INVESTMENT

$240,805

Down Payment
$221,750
Rehab Estimate
$5,750
Closing Costs
$13,305

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$3,273

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $221,750
Loan Amount $665,250
See What Happens When You Reinvest Cash Flow

1.17

YEARS SAVED

$6,646

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,950

    LIST RENT
  • $2.47

    LIST RENT PER SQFT
  • $3,958

    COMP ESTIMATED VALUE
  • $2.48

    COMP AVG. RENT PER SQFT
Comps Range
$3,600
1$3,6002$3,9503$3,9504$4,500
$4,500
RENT COMPS ANALYSIS
  • 3715 San Marino St Los Angeles, CA 3
    • 3 beds 3 baths ∙ 1,596 Sqft ∙ Built 2017 3 beds 3 baths ∙ 1,596 Sqft ∙ Built 2017
    • Rent
    • Rent Per SQFT
    •  
    • $3,950
    • $2.47
    •  
  • 1431 Prism Drive Los Angeles, CA 1
    • 3 beds 3 baths ∙ 1,541 Sqft ∙ Built 2015 3 beds 3 baths ∙ 1,541 Sqft ∙ Built 2015
    LEASED 01/31/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,600
    • $2.34
    •  
  • 2980 Ripple Place Los Angeles, CA 2
    • 4 beds 3 baths ∙ 1,840 Sqft ∙ Built 2016 4 beds 3 baths ∙ 1,840 Sqft ∙ Built 2016
    LEASED 02/27/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,950
    • $2.15
    •  
  • 3343 Cazador Street Glassell Park, CA 4
    • 3 beds 1 baths ∙ 1,525 Sqft ∙ Built 2019 3 beds 1 baths ∙ 1,525 Sqft ∙ Built 2019
    LEASED 01/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $4,500
    • $2.95
    •  
PROPERTY LISTING DETAILS
Dag Elias
Plg Estates
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: 20658574
Last Updated: 11/13/2020
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