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3726 Vinton Avenue Los Angeles, CA 90034

3 Beds 4 Baths 1,886 sqft Built 2018

$1,195,000

List Price

$4,920

$4.7K - $5.2K

Rent Est.

PROPERTY INFO

January 06, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2018
  • Price/Sqft : $633.62
  • 6 Days on Market
  • MLS # : 21675824
  • Updated Date : 01/09/2021 at 13:00
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,886 sqft
  • Baths : 3 full , 1 half
Listing Agent

Douglas Elliman

Listing Agent's Description

Neighboring Culver City's trendy Downtown district, a new residential community welcomes you home. A 4-story single family residence features an open floor plan with high ceilings allowing for maximal light and city views. Sleek designer finishes include black slate appliances and cabinetry which compliment the engineered white oak hardwood floors. An attached garage provides 2-car direct access while a private terrace gives you superior outdoor living with views of Los Angeles iconic Hollywood Sign, Santa Monica Mountains and Westside neighborhoods. Within close proximity to Culver City and Mar Vistas Westside Village, the Vinton Homes' community provides modern 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: Brundage Palm Place

ZipNIR Market*CityMarket2010Year20002019200k300k400k500k600k700k800k900k1000k1100kPrice in $199k1130k

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

Neighborhood: Brundage Palm Place

NeighborhoodNIR Market*CityMarket2010Year2000 Q42019 Q21800200022002400260028003000320034003600Rent in $17263697

* 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
Palms Elementary School Primary Regular 422 19 3
Palms Middle School Middle Regular 1,486 56 7
Alexander Hamilton Senior High School High Magnet 2,941 121 6

Palms Elementary School

  • Education Level: Primary
  • # of students: 422
  • # of teachers: 19
3
GreatSchools Rating

Palms Middle School

  • Education Level: Middle
  • # of students: 1,486
  • # of teachers: 56
7
GreatSchools Rating

Alexander Hamilton Senior High School

  • Education Level: High
  • # of students: 2,941
  • # of teachers: 121
6
GreatSchools Rating
 

$1,075,500$1,314,500$1,195,000

PURCHASE PRICE

$4,428$5,412$4,920

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $4,920
EXPENSES Loan Payment -$4,151
Property Tax -$1,203
Property Insurance -$72
Property Management Fees -$241
CASH FLOW
-$747

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.

$1,195,000

PROJECTED PRICE

$4,920

PROJECTED RENT

0.41%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.56%
Appreciation Year (1-5) 10.9%
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$500k$1.0M$1.5M$2.0M$2.5M$3.0M$3.5M$4.0M$4.5M

PROJECTED ANNUAL CASH FLOW

11530-$10k$0.0$10k$20k$30k$40k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$500k$1.0M$1.5M$2.0M$2.5M$3.0M$3.5M$4.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$322,425

INVESTMENT

$322,425

Down Payment
$298,750
Rehab Estimate
$5,750
Closing Costs
$17,925

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$4,151

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $298,750
Loan Amount $896,250
See What Happens When You Reinvest Cash Flow

3.17

YEARS SAVED

$30,346

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $4,920

    LIST RENT
  • $2.61

    LIST RENT PER SQFT
  • $4,253

    COMP ESTIMATED VALUE
  • $2.26

    COMP AVG. RENT PER SQFT
Comps Range
$4,000
1$4,0002$4,6003$4,920
$4,920
RENT COMPS ANALYSIS
  • 3726 Vinton Avenue Los Angeles, CA 3
    • 3 beds 4 baths ∙ 1,886 Sqft ∙ Built 2018 3 beds 4 baths ∙ 1,886 Sqft ∙ Built 2018
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $4,920
    • $2.61
    •  
  • 11568 Braddock Drive Culver City, CA 1
    • 3 beds 3 baths ∙ 2,034 Sqft ∙ Built 2014 3 beds 3 baths ∙ 2,034 Sqft ∙ Built 2014
    property image
    LEASED 11/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $4,000
    • $1.97
    •  
  • 11440 National Boulevard Mar Vista, CA 2
    • 3 beds 3 baths ∙ 1,808 Sqft ∙ Built 2007 3 beds 3 baths ∙ 1,808 Sqft ∙ Built 2007
    property image
    LEASED 11/30/19
    • Rent
    • Rent Per SQFT
    •  
    • $4,600
    • $2.54
    •  
PROPERTY LISTING DETAILS
Jonathan Pearson
Douglas Elliman
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: 21675824
Last Updated: 01/09/2021
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