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4133 Terraza Drive Los Angeles, CA 90008

3 Beds 2 Baths 2,136 sqft Built 1960

$1,350,000

List Price

$4,890

$4.6K - $5.1K

Rent Est.

PROPERTY INFO

November 16, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1960
  • Price/Sqft : $632.02
  • 7 Days on Market
  • MLS # : 20660220
  • Updated Date : 11/16/2020 at 17:31
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,136 sqft
  • Baths : 2 full
Listing Agent

The Agency

Listing Agent's Description

GREAT OPPORTUNITY TO OWN A BALDWIN VISTA HOME NESTLED HIGH IN THE HILLS. IT'S FEATURES INCLUDE MARBLE ENTRANCE, DUAL FIREPLACE IN LIVING ROOM AND FAMILY ROOM, MASTER W/PRIVATE FULL BATH, TWO CAR GARAGE & A LARGE BACKYARD. WITH SOME TLC THIS EXCELLENT FAMILY HOME HAS MUCH POTENTIAL.

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MARKET HIGHLIGHTS

  • 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)
  • 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)

PRICE & RENT TRENDS

Neighborhood: Baldwin Hills

NeighborhoodNIR Market*CityMarket2010Year20002019200k250k300k350k400k450k500k550k600k650k700k750kPrice in $174k755k

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

Neighborhood: Baldwin Hills

NeighborhoodNIR Market*CityMarket2010Year2000 Q42019 Q2180020002200240026002800300032003400Rent in $16353594

* 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
Baldwin Hills Elementary Primary Magnet 385 18 7
Audubon Middle School Middle Regular 660 39 1
Susan Miller Dorsey Senior High School High Regular 1,134 59 2

Baldwin Hills Elementary

  • Education Level: Primary
  • # of students: 385
  • # of teachers: 18
7
GreatSchools Rating

Audubon Middle School

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

Susan Miller Dorsey Senior High School

  • Education Level: High
  • # of students: 1,134
  • # of teachers: 59
2
GreatSchools Rating
 

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

PURCHASE PRICE

$4,401$5,379$4,890

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $4,890
EXPENSES Loan Payment -$4,981
Property Tax -$1,360
Property Insurance -$78
Property Management Fees -$240
CASH FLOW
-$1,768

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

$4,890

PROJECTED RENT

0.36%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.48%
Appreciation Year (1-5) 12.0%
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$1.0M$2.0M$3.0M$4.0M$5.0M

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$5.0M

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 65% 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

0.5

YEARS SAVED

$2,718

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $4,890

    LIST RENT
  • $2.29

    LIST RENT PER SQFT
  • $4,891

    COMP ESTIMATED VALUE
  • $2.29

    COMP AVG. RENT PER SQFT
Comps Range
$4,200
1$4,2002$4,5003$4,5954$4,890
$4,890
RENT COMPS ANALYSIS
  • 4133 Terraza Drive Los Angeles, CA 4
    • 3 beds 2 baths ∙ 2,136 Sqft ∙ Built 1960 3 beds 2 baths ∙ 2,136 Sqft ∙ Built 1960
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $4,890
    • $2.29
    •  
  • 6112 Damask Avenue Los Angeles, CA 1
    • 3 beds 3 baths ∙ 2,221 Sqft ∙ Built 1949 3 beds 3 baths ∙ 2,221 Sqft ∙ Built 1949
    property image
    LEASED 10/03/19
    • Rent
    • Rent Per SQFT
    •  
    • $4,200
    • $1.89
    •  
  • 5104 Gaslight Lane Culver City, CA 2
    • 3 beds 2 baths ∙ 1,864 Sqft ∙ Built 1973 3 beds 2 baths ∙ 1,864 Sqft ∙ Built 1973
    property image
    LEASED 09/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $4,500
    • $2.41
    •  
  • 4710 Don Porfirio Place Los Angeles, CA 3
    • 3 beds 2 baths ∙ 1,787 Sqft ∙ Built 1958 3 beds 2 baths ∙ 1,787 Sqft ∙ Built 1958
    property image
    LEASED 10/17/19
    • Rent
    • Rent Per SQFT
    •  
    • $4,595
    • $2.57
    •  
PROPERTY LISTING DETAILS
Shoshana Shamoeil
The Agency
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: 20660220
Last Updated: 11/16/2020
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