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

3835 Broadlawn Drive Los Angeles, CA 90068

4 Beds 1 Baths 2,200 sqft Built 1946

$1,479,000

List Price

$5,590

$5.3K - $5.8K

Rent Est.

PROPERTY INFO

FACTS
  • Single Family
  • Built In 1946
  • Price/Sqft : $672.27
  • 65 Days on Market
  • MLS # : OC20201078
  • Updated Date : 11/23/2020 at 07:42
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,200 sqft
  • Baths : 1 full
Listing Agent

Pk Real Estate & Investments

Listing Agent's Description

*LOCATED IN The HOLLYWOOD HILLS NEAR UNIVERSAL CITY! LOCATION! LOCATION! LOCATION!EASY ACCESS to the 101,170 & 134 Freeways!MID CENTURY MODERN RANCH STYLE HOME Located on a quiet CUL-de-SAC surrounded by Trees & Foliage.This 4br/2ba almost 2200sf GEM is COMPLETELY UPGRADED!NEWER Electrical, Plumbing & Finishes IN 2010.Enter into Open Living Room (main level) w/Engineered HARDWOOD Floors & Sueded Limestone Gas FP flows into Dining room!Open Kitchen w/Coordinated Porcelain Tile Floors & Full Glass Mosaic Backsplash,Large Island w/Breakfast Bar, Newer SS Appliances & Plenty of Storage in Cherry Finished Cabinets.Inside laundry w/folding area adjacent to Kitchen.Two Bright Spacious Upstairs (Main level) BR w/ceiling fans. Master BR has Large Closet w/Built-ins & French Doors out to Private Backyard Patio area. Upstairs (Main level)Bath w/Sueded Limestone,Tub/Shower combo,Glass Mosaic Backsplash & Dual Sinks.Lower level has a Large Family Rm w/Sueded Limestone Gas FP & Two additional BR(one BR has direct outdoor access,perfect for home office or studio). Downstairs Bath has Dual Sinks w/shower. Porcelain Tile floors throughout the lower level. ALL Doors have Frosted Lami Glass.Private slate tile backyard deck, perfect for Sunning,BBQ & Outdoor Entertaining!Large rear upslope area w/potential for additional terraced decking.New ROOF & Gutter Guards in 2019.Slate on entry steps & front deck. CLOSE to Burbank Airport,Griffith Park & Runyan Canyon Park! Prime location! MOVE IN READY

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • 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]

PRICE & RENT TRENDS

Neighborhood: Hollywood Hills

NeighborhoodNIR Market*CityMarket2010Year20002019200k300k400k500k600k700k800k900k1000k1100k1200k1300kPrice in $199k1363k

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

Neighborhood: Hollywood Hills

NeighborhoodNIR Market*CityMarket2010Year2000 Q42019 Q220002500300035004000450050005500Rent in $17845757

* 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
Valley View Elementary School Primary Regular 220 10 10
Hubert Howe Bancroft Middle School Middle Regular 834 33 3
Hollywood Senior High School High Regular 1,552 67 6

Valley View Elementary School

  • Education Level: Primary
  • # of students: 220
  • # of teachers: 10
10
GreatSchools Rating

Hubert Howe Bancroft Middle School

  • Education Level: Middle
  • # of students: 834
  • # of teachers: 33
3
GreatSchools Rating

Hollywood Senior High School

  • Education Level: High
  • # of students: 1,552
  • # of teachers: 67
6
GreatSchools Rating
 

$1,331,100$1,626,900$1,479,000

PURCHASE PRICE

$5,031$6,149$5,590

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $5,590
EXPENSES Loan Payment -$5,457
Property Tax -$1,504
Property Insurance -$80
Property Management Fees -$274
CASH FLOW
-$1,724

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.

$1,479,000

PROJECTED PRICE

$5,590

PROJECTED RENT

0.38%

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$5.0M

PROJECTED ANNUAL CASH FLOW

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$1.0M$2.0M$3.0M$4.0M$5.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$397,685

INVESTMENT

$397,685

Down Payment
$369,750
Rehab Estimate
$5,750
Closing Costs
$22,185

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$5,457

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $369,750
Loan Amount $1,109,250
See What Happens When You Reinvest Cash Flow

1.08

YEARS SAVED

$7,724

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $5,590

    LIST RENT
  • $2.54

    LIST RENT PER SQFT
  • $4,877

    COMP ESTIMATED VALUE
  • $2.22

    COMP AVG. RENT PER SQFT
Comps Range
$4,200
1$4,2002$4,8003$4,9504$5,590
$5,590
RENT COMPS ANALYSIS
  • 3835 Broadlawn Drive Los Angeles, CA 4
    • 4 beds 1 baths ∙ 2,200 Sqft ∙ Built 1946 4 beds 1 baths ∙ 2,200 Sqft ∙ Built 1946
    • Rent
    • Rent Per SQFT
    •  
    • $5,590
    • $2.54
    •  
  • 3452 Oak Glen Drive Los Angeles, CA 1
    • 3 beds 2 baths ∙ 2,100 Sqft ∙ Built 1960 3 beds 2 baths ∙ 2,100 Sqft ∙ Built 1960
    LEASED 12/04/19
    • Rent
    • Rent Per SQFT
    •  
    • $4,200
    • $2.00
    •  
  • 10747 Wrightwood Lane Studio City, CA 2
    • 4 beds 2 baths ∙ 2,109 Sqft ∙ Built 1965 4 beds 2 baths ∙ 2,109 Sqft ∙ Built 1965
    LEASED 09/30/19
    • Rent
    • Rent Per SQFT
    •  
    • $4,800
    • $2.28
    •  
  • 11750 Canton Place Studio City, CA 3
    • 3 beds 2 baths ∙ 2,091 Sqft ∙ Built 1951 3 beds 2 baths ∙ 2,091 Sqft ∙ Built 1951
    LEASED 05/19/20
    • Rent
    • Rent Per SQFT
    •  
    • $4,950
    • $2.37
    •  
PROPERTY LISTING DETAILS
Diana Perna
Pk Real Estate & Investments
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: OC20201078
Last Updated: 11/23/2020
BESbswy