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4145 Raynol Street Los Angeles, CA 90032

4 Beds 3 Baths 1,461 sqft Built 2017

$749,000

List Price

$3,290

$3K - $3.5K

Rent Est.

PROPERTY INFO

November 12, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2017
  • Price/Sqft : $512.66
  • 5 Days on Market
  • MLS # : 20658346
  • Updated Date : 11/11/2020 at 10:13
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,461 sqft
  • Baths : 3 full
Listing Agent

Premier Realty Associates

Listing Agent's Description

This beautiful New Construction home with amazing views, wonderful breezes, is nestled in the boomtown of Rose Hills, adjacent to Montecito Heights can be yours at an affordable price! Minutes from Downtown L.A., Silver Lake, South Pasadena and Alhambra, close to the highly acclaimed Montecito Hills, Debs Park with miles of hiking trails crowned by the pond at the summit! The home has a spacious open plan, with all of the modern amenities where singles or families can grow on a quiet street at the crossroads of two cul-de-sacs. The kitchen is a chef's delight appointed with glistening granite countertops, accented with plenty of cupboards! The listing agent has lived in this neighborhood for over 20 years and is proud to present this home!

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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: Monterey Hills

NeighborhoodNIR Market*CityMarket2010Year20002019200k250k300k350k400k450k500k550k600k650k700kPrice in $163k725k

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

Neighborhood: Monterey Hills

NeighborhoodNIR Market*CityMarket2010Year2000 Q42019 Q2160018002000220024002600280030003200Rent in $15963316

* 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
Glen Alta Elementary School Primary Regular 203 9 5
Glen Alta Elementary School Middle Regular 203 9 5
Abraham Lincoln Senior High School High Regular 1,219 54 5

Glen Alta Elementary School

  • Education Level: Primary
  • # of students: 203
  • # of teachers: 9
5
GreatSchools Rating

Glen Alta Elementary School

  • Education Level: Middle
  • # of students: 203
  • # of teachers: 9
5
GreatSchools Rating

Abraham Lincoln Senior High School

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

$674,100$823,900$749,000

PURCHASE PRICE

$2,961$3,619$3,290

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,290
EXPENSES Loan Payment -$2,763
Property Tax -$778
Property Insurance -$62
Property Management Fees -$161
CASH FLOW
-$475

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.

$749,000

PROJECTED PRICE

$3,290

PROJECTED RENT

0.44%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.48%
Appreciation Year (1-5) 12.7%
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

PROJECTED ANNUAL CASH FLOW

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$500k$1.0M$1.5M$2.0M$2.5M$3.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$204,235

INVESTMENT

$204,235

Down Payment
$187,250
Rehab Estimate
$5,750
Closing Costs
$11,235

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,763

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $187,250
Loan Amount $561,750
See What Happens When You Reinvest Cash Flow

3.33

YEARS SAVED

$24,618

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,290

    LIST RENT
  • $2.25

    LIST RENT PER SQFT
  • $3,989

    COMP ESTIMATED VALUE
  • $2.73

    COMP AVG. RENT PER SQFT
Comps Range
$3,290
1$3,2902$4,250
$4,250
RENT COMPS ANALYSIS
  • 4145 Raynol Street Los Angeles, CA 1
    • 4 beds 3 baths ∙ 1,461 Sqft ∙ Built 2017 4 beds 3 baths ∙ 1,461 Sqft ∙ Built 2017
    • Rent
    • Rent Per SQFT
    •  
    • $3,290
    • $2.25
    •  
  • 1877 Peterson Avenue South Pasadena, CA 2
    • 3 beds 3 baths ∙ 1,556 Sqft ∙ Built 2002 3 beds 3 baths ∙ 1,556 Sqft ∙ Built 2002
    LEASED 07/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $4,250
    • $2.73
    •  
PROPERTY LISTING DETAILS
Mike Antonelli
Premier Realty Associates
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: 20658346
Last Updated: 11/11/2020
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