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3876 Sunbeam Drive Los Angeles, CA 90065

3 Beds 3 Baths 2,100 sqft Built 1988

$1,079,000

List Price

$3,970

$3.7K - $4.2K

Rent Est.

PROPERTY INFO

November 06, 2020 RECENTLY ADDED
FACTS
  • Built In 1988
  • Price/Sqft : $513.81
  • 4 Days on Market
  • MLS # : 20655686
  • Updated Date : 11/05/2020 at 15:32
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,100 sqft
  • Baths : 2 full , 1 half
Listing Agent

Compass

Listing Agent's Description

Perched high above the Glassell Park hills sits this wonderful contemporary home that offers sweeping views, warm light and an abundance of space. Upon entering, you'll be greeted by an expansive floor plan that flows effortlessly between the kitchen, dining and living rooms. The main floor is perfectly framed by two sets of sliding glass doors that open to an expansive deck where you can enjoy incredible vistas. Upstairs is a loft-like area which is ideal for a home office. The primary bedroom takes advantage of the views, while boasting two large closets and a private bathroom. The lower floor offers two spacious bedrooms and a versatile central room that can be imagined for many uses - a home office, rec. room or even a media room. Outside is a spacious flat yard, perfect for gardening or more lounge areas. There is also an additional lower hillside level which makes the outdoor space truly limitless.

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: Glassell Park

NeighborhoodNIR Market*CityMarket2010Year20002019200k250k300k350k400k450k500k550k600k650k700k750kPrice in $187k751k

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

Neighborhood: Glassell Park

NeighborhoodNIR Market*CityMarket2010Year2000 Q42019 Q218002000220024002600280030003200Rent in $16353350

* 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
Toland Way Elementary School Primary Regular 355 16 3
Washington Irving Middle School Math Music Engineering Mag Middle Regular 632 31 6
Benjamin Franklin High School High Regular 1,460 56 6

Toland Way Elementary School

  • Education Level: Primary
  • # of students: 355
  • # of teachers: 16
3
GreatSchools Rating

Washington Irving Middle School Math Music Engineering Mag

  • Education Level: Middle
  • # of students: 632
  • # of teachers: 31
6
GreatSchools Rating

Benjamin Franklin High School

  • Education Level: High
  • # of students: 1,460
  • # of teachers: 56
6
GreatSchools Rating
 

$971,100$1,186,900$1,079,000

PURCHASE PRICE

$3,573$4,367$3,970

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,970
EXPENSES Loan Payment -$3,981
Property Tax -$1,121
Property Insurance -$77
Property Management Fees -$195
CASH FLOW
-$1,404

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.

$1,079,000

PROJECTED PRICE

$3,970

PROJECTED RENT

0.37%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.48%
Appreciation Year (1-5) 8.3%
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$3.5M

PROJECTED ANNUAL CASH FLOW

11530-$20k-$10k$0.0$10k$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$3.5M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$291,685

INVESTMENT

$291,685

Down Payment
$269,750
Rehab Estimate
$5,750
Closing Costs
$16,185

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$3,981

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $269,750
Loan Amount $809,250
See What Happens When You Reinvest Cash Flow

0.5

YEARS SAVED

$2,233

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,970

    LIST RENT
  • $1.89

    LIST RENT PER SQFT
  • $3,969

    COMP ESTIMATED VALUE
  • $1.89

    COMP AVG. RENT PER SQFT
Comps Range
$3,500
1$3,5002$3,9703$4,100
$4,100
RENT COMPS ANALYSIS
  • 3876 Sunbeam Drive Los Angeles, CA 2
    • 3 beds 3 baths ∙ 2,100 Sqft ∙ Built 1988 3 beds 3 baths ∙ 2,100 Sqft ∙ Built 1988
    • Rent
    • Rent Per SQFT
    •  
    • $3,970
    • $1.89
    •  
  • 4557 Paulhan Avenue Los Angeles, CA 1
    • 4 beds 3 baths ∙ 2,160 Sqft ∙ Built 1988 4 beds 3 baths ∙ 2,160 Sqft ∙ Built 1988
    LEASED 11/07/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,500
    • $1.62
    •  
  • 4453 Palmero Drive Los Angeles, CA 3
    • 3 beds 3 baths ∙ 1,900 Sqft ∙ Built 1973 3 beds 3 baths ∙ 1,900 Sqft ∙ Built 1973
    LEASED 02/13/20
    • Rent
    • Rent Per SQFT
    •  
    • $4,100
    • $2.16
    •  
PROPERTY LISTING DETAILS
Bradley Holmes
Compass
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: 20655686
Last Updated: 11/05/2020
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