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3937 Arlington Avenue Los Angeles, CA 90008

4 Beds 1 Baths 2,078 sqft Built 1921

$899,000

List Price

$3,730

$3.5K - $4K

Rent Est.

PROPERTY INFO

February 02, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1921
  • Price/Sqft : $432.63
  • 6 Days on Market
  • MLS # : RS21021840
  • Updated Date : 02/02/2021 at 12:20
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,078 sqft
  • Baths : 1 full
Listing Agent

So Cal Properties

Listing Agent's Description

LUXURY meets SPACIOUS COMFORT beautifully in Leimert Park! This completely remodeled home spares no detail and feels warm and extra comfy with its open concept kitchen/living room plus 4 bedrooms and 4 bathrooms. Unbeatable location adjacent to Culver City and close to all three major highways: the 10, 405, and 110. Structurally this home is very secure with new foundation, gas lines, electrical and plumbing. This home has energy efficient windows and high-end appliances. Bathrooms feel like a spa with top of the line tiles and vanity mirrors that light up and have anti-fog functions. Overall, this home is an entertainer’s dream or great investment especially for Airbnb. Abundant parking easily fits more than 5 cars in the driveway. Check out the Matterport 3D tour at: https://my.matterport.com/show/?m=vWu7YJsTnpi&mls=1

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: Leimert Park

NeighborhoodNIR Market*CityMarket2010Year20002019200k250k300k350k400k450k500k550k600k650k700k750kPrice in $153k765k

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

Neighborhood: Leimert Park

NeighborhoodNIR Market*CityMarket2010Year2000 Q42019 Q218002000220024002600280030003200Rent in $17183316

* 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
Thomas Bradley Global Awareness Magnet School Primary Alternative 370 18 2
Audubon Middle School Middle Regular 660 39 1
Crenshaw Magnets- Science Tech Engineer Math And Medicine High Magnet 981 54 2

Thomas Bradley Global Awareness Magnet School

  • Education Level: Primary
  • # of students: 370
  • # of teachers: 18
2
GreatSchools Rating

Audubon Middle School

  • Education Level: Middle
  • # of students: 660
  • # of teachers: 39
1
GreatSchools Rating

Crenshaw Magnets- Science Tech Engineer Math And Medicine

  • Education Level: High
  • # of students: 981
  • # of teachers: 54
2
GreatSchools Rating
 

$809,100$988,900$899,000

PURCHASE PRICE

$3,357$4,103$3,730

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,730
EXPENSES Loan Payment -$3,123
Property Tax -$905
Property Insurance -$77
Property Management Fees -$183
CASH FLOW
-$558

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.

$899,000

PROJECTED PRICE

$3,730

PROJECTED RENT

0.41%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.35%
Appreciation Year (1-5) 13.6%
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$3.0M$3.5M

PROJECTED ANNUAL CASH FLOW

11530-$10k-$5.0k$0.0$5.0k$10k$15k$20k$25k$30k

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$243,985

INVESTMENT

$243,985

Down Payment
$224,750
Rehab Estimate
$5,750
Closing Costs
$13,485

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$3,123

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $224,750
Loan Amount $674,250
See What Happens When You Reinvest Cash Flow

3.17

YEARS SAVED

$22,981

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,730

    LIST RENT
  • $1.79

    LIST RENT PER SQFT
  • $3,408

    COMP ESTIMATED VALUE
  • $1.64

    COMP AVG. RENT PER SQFT
Comps Range
$3,100
1$3,1002$3,5003$3,730
$3,730
RENT COMPS ANALYSIS
  • 3937 Arlington Avenue Los Angeles, CA 3
    • 4 beds 1 baths ∙ 2,078 Sqft ∙ Built 1921 4 beds 1 baths ∙ 2,078 Sqft ∙ Built 1921
    • Rent
    • Rent Per SQFT
    •  
    • $3,730
    • $1.79
    •  
  • 4153 4th Avenue Los Angeles, CA 1
    • 3 beds 2 baths ∙ 2,011 Sqft ∙ Built 1929 3 beds 2 baths ∙ 2,011 Sqft ∙ Built 1929
    LEASED 08/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,100
    • $1.54
    •  
  • 4247 9th Avenue Los Angeles, CA 2
    • 3 beds 3 baths ∙ 2,014 Sqft ∙ Built 1928 3 beds 3 baths ∙ 2,014 Sqft ∙ Built 1928
    LEASED 01/16/21
    • Rent
    • Rent Per SQFT
    •  
    • $3,500
    • $1.74
    •  
PROPERTY LISTING DETAILS
Mark Perez
So Cal Properties
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: RS21021840
Last Updated: 02/02/2021
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