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3737 Lowell Avenue Los Angeles, CA 90032

3 Beds 2 Baths 1,586 sqft Built 1930

$685,000

List Price

$2,820

$2.6K - $3.1K

Rent Est.

PROPERTY INFO

FACTS
  • Built In 1930
  • Price/Sqft : $431.90
  • 13 Days on Market
  • MLS # : IV20226685
  • Updated Date : 11/05/2020 at 14:55
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,586 sqft
  • Baths : 2 full
Listing Agent

Golden California

Listing Agent's Description

This home offers you a establish neighborhood, nice floor plan, 3 bedrooms and 2 bath the main house has 2 bedroom and 1 bathroom the 3rd bedroom is detached and has 1 bathroom, fireplace in the living room, separate dinning room, large kitchen cover patio, space to put a pool, long concrete drive way.

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • 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)

PRICE & RENT TRENDS

Neighborhood: El Sereno

NeighborhoodNIR Market*CityMarket2010Year20002019200k250k300k350k400k450k500k550k600k650k700kPrice in $151k725k

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

Neighborhood: El Sereno

NeighborhoodNIR Market*CityMarket2010Year2000 Q42019 Q218002000220024002600280030003200Rent in $16373316

* 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
Cesar Chavez Elementary School Primary Regular 327 15 3
El Sereno Middle School Middle Regular 1,276 65 4
Abraham Lincoln Senior High School High Regular 1,219 54 5

Cesar Chavez Elementary School

  • Education Level: Primary
  • # of students: 327
  • # of teachers: 15
3
GreatSchools Rating

El Sereno Middle School

  • Education Level: Middle
  • # of students: 1,276
  • # of teachers: 65
4
GreatSchools Rating

Abraham Lincoln Senior High School

  • Education Level: High
  • # of students: 1,219
  • # of teachers: 54
5
GreatSchools Rating
 

$616,500$753,500$685,000

PURCHASE PRICE

$2,538$3,102$2,820

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,820
EXPENSES Loan Payment -$2,527
Property Tax -$712
Property Insurance -$65
Property Management Fees -$138
CASH FLOW
-$622

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.

$685,000

PROJECTED PRICE

$2,820

PROJECTED RENT

0.41%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.35%
Appreciation Year (1-5) 11.9%
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$2.5M

PROJECTED ANNUAL CASH FLOW

11530-$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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$187,275

INVESTMENT

$187,275

Down Payment
$171,250
Rehab Estimate
$5,750
Closing Costs
$10,275

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 60% down payment or higher enables the proceeds from the asset to cover all costs.

$2,527

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $171,250
Loan Amount $513,750
See What Happens When You Reinvest Cash Flow

2

YEARS SAVED

$10,372

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,820

    LIST RENT
  • $1.78

    LIST RENT PER SQFT
  • $3,489

    COMP ESTIMATED VALUE
  • $2.2

    COMP AVG. RENT PER SQFT
Comps Range
$2,820
1$2,8202$3,0003$3,3004$3,4505$4,100
$4,100
RENT COMPS ANALYSIS
  • 3737 Lowell Avenue Los Angeles, CA 1
    • 3 beds 2 baths ∙ 1,586 Sqft ∙ Built 1930 3 beds 2 baths ∙ 1,586 Sqft ∙ Built 1930
    • Rent
    • Rent Per SQFT
    •  
    • $2,820
    • $1.78
    •  
  • 632 S Meridian Avenue Alhambra, CA 2
    • 4 beds 3 baths ∙ 1,593 Sqft ∙ Built 1946 4 beds 3 baths ∙ 1,593 Sqft ∙ Built 1946
    LEASED 07/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,000
    • $1.88
    •  
  • 830 Bonita Drive South Pasadena, CA 3
    • 4 beds 3 baths ∙ 1,399 Sqft ∙ Built 1925 4 beds 3 baths ∙ 1,399 Sqft ∙ Built 1925
    LEASED 10/29/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,300
    • $2.36
    •  
  • 1340 Elm Park Street South Pasadena, CA 4
    • 3 beds 2 baths ∙ 1,557 Sqft ∙ Built 1950 3 beds 2 baths ∙ 1,557 Sqft ∙ Built 1950
    LEASED 02/05/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,450
    • $2.22
    •  
  • 2027 Empress Avenue South Pasadena, CA 5
    • 4 beds 3 baths ∙ 1,753 Sqft ∙ Built 1950 4 beds 3 baths ∙ 1,753 Sqft ∙ Built 1950
    LEASED 02/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $4,100
    • $2.34
    •  
PROPERTY LISTING DETAILS
Maritza Aguirre
Golden California
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: IV20226685
Last Updated: 11/05/2020
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