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4282 Sawtelle Boulevard Culver City, CA 90066

3 Beds 2 Baths 1,185 sqft Built 1972

$899,000

List Price

$3,960

$3.7K - $4.2K

Rent Est.

PROPERTY INFO

February 05, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1972
  • Price/Sqft : $758.65
  • 3 Days on Market
  • MLS # : RS21024664
  • Updated Date : 02/05/2021 at 13:29
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,185 sqft
  • Baths : 2 full
Listing Agent

C-21 Astro

Listing Agent's Description

This West LA property has tons of potential. New wood floor, new paint. Charming high vaulted wood ceilings in living room, bedrooms and kitchen. Lots of windows allowing complimenting airy floorplan. Patio off dining room with yard area on both sides of the home. 2 car attached garage with direct garage access. Conveniently located close to beach, shops, restaurants and just minutes away from Silicon Beach where tech hub areas are! 3rd bedroom has been there since previous purchase.

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: Mclaughlin

NeighborhoodNIR Market*CityMarket2010Year20002019200k300k400k500k600k700k800k900k1000k1100kPrice in $199k1196k

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

Neighborhood: Mclaughlin

NeighborhoodNIR Market*CityMarket2010Year2000 Q42019 Q218002000220024002600280030003200340036003800400042004400Rent in $17844526

* 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
La Ballona Elementary School Primary Regular 587 26 6
Culver City Middle School Middle Regular 1,521 58 7
Culver City High School High Regular 2,092 86 8

La Ballona Elementary School

  • Education Level: Primary
  • # of students: 587
  • # of teachers: 26
6
GreatSchools Rating

Culver City Middle School

  • Education Level: Middle
  • # of students: 1,521
  • # of teachers: 58
7
GreatSchools Rating

Culver City High School

  • Education Level: High
  • # of students: 2,092
  • # of teachers: 86
8
GreatSchools Rating
 

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

PURCHASE PRICE

$3,564$4,356$3,960

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,960
EXPENSES Loan Payment -$3,123
Property Tax -$960
Property Insurance -$56
Property Management Fees -$194
CASH FLOW
-$372

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.

$899,000

PROJECTED PRICE

$3,960

PROJECTED RENT

0.44%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.56%
Appreciation Year (1-5) 11.6%
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$500k$1.0M$1.5M$2.0M$2.5M$3.0M$3.5M

PROJECTED ANNUAL CASH FLOW

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

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

4.17

YEARS SAVED

$35,780

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,960

    LIST RENT
  • $3.34

    LIST RENT PER SQFT
  • $3,691

    COMP ESTIMATED VALUE
  • $3.12

    COMP AVG. RENT PER SQFT
Comps Range
$3,200
1$3,2002$3,6003$3,9604$4,2005$4,500
$4,500
RENT COMPS ANALYSIS
  • 4282 Sawtelle Boulevard Culver City, CA 3
    • 3 beds 2 baths ∙ 1,185 Sqft ∙ Built 1972 3 beds 2 baths ∙ 1,185 Sqft ∙ Built 1972
    • Rent
    • Rent Per SQFT
    •  
    • $3,960
    • $3.34
    •  
  • 3901 Tilden Avenue Culver City, CA 1
    • 3 beds 2 baths ∙ 1,100 Sqft ∙ Built 1968 3 beds 2 baths ∙ 1,100 Sqft ∙ Built 1968
    LEASED 01/29/21
    • Rent
    • Rent Per SQFT
    •  
    • $3,200
    • $2.91
    •  
  • 5215 Sepulveda Boulevard Culver City, CA 2
    • 3 beds 3 baths ∙ 1,254 Sqft ∙ Built 1964 3 beds 3 baths ∙ 1,254 Sqft ∙ Built 1964
    LEASED 10/13/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,600
    • $2.87
    •  
  • 4218 Coolidge Avenue Culver City, CA 4
    • 3 beds 2 baths ∙ 1,306 Sqft ∙ Built 1954 3 beds 2 baths ∙ 1,306 Sqft ∙ Built 1954
    LEASED 12/21/20
    • Rent
    • Rent Per SQFT
    •  
    • $4,200
    • $3.22
    •  
  • 3723 Coolidge Avenue Mar Vista, CA 5
    • 3 beds 2 baths ∙ 1,302 Sqft ∙ Built 1953 3 beds 2 baths ∙ 1,302 Sqft ∙ Built 1953
    LEASED 10/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $4,500
    • $3.46
    •  
PROPERTY LISTING DETAILS
Pichamon Gentry-pantera
C-21 Astro
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: RS21024664
Last Updated: 02/05/2021
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