Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more

3736 Tuller Avenue Los Angeles, CA 90034

3 Beds 2 Baths 1,514 sqft Built 1947

$1,350,000

List Price

$4,720

$4.5K - $5K

Rent Est.

PROPERTY INFO

October 31, 2020 RECENTLY ADDED
FACTS
  • Built In 1947
  • Price/Sqft : $891.68
  • 5 Days on Market
  • MLS # : 20653970
  • Updated Date : 10/30/2020 at 18:52
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,514 sqft
  • Baths : 2 full
Listing Agent

Redfin

Listing Agent's Description

Palm Springs, mid-century modern aesthetic amidst all of LAs best amenities await in this stylish, retro-inspired 3 BR / 2 BA architectural gem. The heart of the home is an open-concept living / dining kitchen area with floor to ceiling windows, polished concrete floors, and a tiled fireplace. The kitchen boasts mod-style cabinets; waterfall-style stone countertops; a breakfast bar; tile backsplash; and, stainless steel appliances (including a Viking gas range)! The master suite provides an adjacent bath with Zuma soaking tub and a floating vanity; a large closet; and private access to the backyard. From the lovely wood floors, to the light and bright interior with chic built-ins and continuing all the way to the big, private backyard this one is very special!

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: Palms

NeighborhoodNIR Market*CityMarket2010Year20002019200k300k400k500k600k700k800k900kPrice in $199k970k

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

Neighborhood: Palms

NeighborhoodNIR Market*CityMarket2010Year2000 Q42019 Q21800200022002400260028003000320034003600380040004200Rent in $17844360

* 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
Charnock Road Elementary School Primary Regular 333 17 5
Charnock Road Elementary School Middle Regular 333 17 5
Venice Senior High School High Regular 2,109 95 7

Charnock Road Elementary School

  • Education Level: Primary
  • # of students: 333
  • # of teachers: 17
5
GreatSchools Rating

Charnock Road Elementary School

  • Education Level: Middle
  • # of students: 333
  • # of teachers: 17
5
GreatSchools Rating

Venice Senior High School

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

$1,215,000$1,485,000$1,350,000

PURCHASE PRICE

$4,248$5,192$4,720

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $4,720
EXPENSES Loan Payment -$4,981
Property Tax -$1,360
Property Insurance -$63
Property Management Fees -$231
CASH FLOW
-$1,915

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.

$1,350,000

PROJECTED PRICE

$4,720

PROJECTED RENT

0.35%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.56%
Appreciation Year (1-5) 9.4%
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-$30k-$20k-$10k$0.0$10k$20k

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$363,500

INVESTMENT

$363,500

Down Payment
$337,500
Rehab Estimate
$5,750
Closing Costs
$20,250

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$4,981

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $337,500
Loan Amount $1,012,500
See What Happens When You Reinvest Cash Flow

0.33

YEARS SAVED

$1,045

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $4,720

    LIST RENT
  • $3.12

    LIST RENT PER SQFT
  • $4,731

    COMP ESTIMATED VALUE
  • $3.13

    COMP AVG. RENT PER SQFT
Comps Range
$4,500
1$4,5002$4,6003$4,6504$4,7205$4,800
$4,800
RENT COMPS ANALYSIS
  • 3736 Tuller Avenue Los Angeles, CA 4
    • 3 beds 2 baths ∙ 1,514 Sqft ∙ Built 1947 3 beds 2 baths ∙ 1,514 Sqft ∙ Built 1947
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $4,720
    • $3.12
    •  
  • 10829 Oregon Avenue Culver City, CA 1
    • 3 beds 2 baths ∙ 1,428 Sqft ∙ Built 1929 3 beds 2 baths ∙ 1,428 Sqft ∙ Built 1929
    property image
    LEASED 03/07/20
    • Rent
    • Rent Per SQFT
    •  
    • $4,500
    • $3.15
    •  
  • 3527 Purdue Avenue Los Angeles, CA 2
    • 3 beds 2 baths ∙ 1,447 Sqft ∙ Built 1940 3 beds 2 baths ∙ 1,447 Sqft ∙ Built 1940
    property image
    LEASED 07/26/20
    • Rent
    • Rent Per SQFT
    •  
    • $4,600
    • $3.18
    •  
  • 3857 Minerva Avenue Los Angeles, CA 3
    • 3 beds 1 baths ∙ 1,514 Sqft ∙ Built 1955 3 beds 1 baths ∙ 1,514 Sqft ∙ Built 1955
    property image
    LEASED 11/08/19
    • Rent
    • Rent Per SQFT
    •  
    • $4,650
    • $3.07
    •  
  • 10817 Charnock Road Los Angeles, CA 5
    • 4 beds 2 baths ∙ 1,550 Sqft ∙ Built 1938 4 beds 2 baths ∙ 1,550 Sqft ∙ Built 1938
    property image
    LEASED 10/26/20
    • Rent
    • Rent Per SQFT
    •  
    • $4,800
    • $3.10
    •  
PROPERTY LISTING DETAILS
Conrado Delagarza
Redfin
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: 20653970
Last Updated: 10/30/2020
BESbswy