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4338 Maycrest Avenue Los Angeles, CA 90032

4 Beds 2 Baths 1,995 sqft Built 1917

$950,000

List Price

$3,580

$3.3K - $3.8K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 16, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1917
  • Price/Sqft : $476.19
  • 6 Days on Market
  • MLS # : SR21054313
  • Updated Date : 03/16/2021 at 13:34
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,995 sqft
  • Baths : 2 full
Listing Agent

Infinity Real Estate Services

Listing Agent's Description

Come see this beautiful single-story charming home! This traditional style home has a light-filled living room featuring large windows taking in views of front yard and large patio. The Living room also has charming fireplace and big dining room area. Beautiful backyard showcases lovely landscaping and RV parking.This well loved home is a jewel you won't want to miss.

SEE MORE

MARKET HIGHLIGHTS

  • Southern California's economy is worth $1.58 trillion in Gross Metro Product and projected to grow to $1.67 trillion (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)
  • 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)
  • 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)
  • 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]
  • 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: El Sereno

NeighborhoodNIR Market*CityMarket2010Year20002019200k250k300k350k400k450k500k550k600k650k700kPrice in $151k725k

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

Neighborhood: El Sereno

NeighborhoodNIR Market*CityMarket2010Year2000 Q42019 Q218002000220024002600280030003200Rent in $16373316

* 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
El Sereno Middle School Middle Regular 1,276 65 4
Abraham Lincoln Senior High School High Regular 1,219 54 5
Woodrow Wilson Senior High School High Regular 1,624 88 4

El Sereno Middle School

  • Education Level: Middle
  • # of students: 1,276
  • # of teachers: 65
4
GreatSchools Rating

Abraham Lincoln Senior High School

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

Woodrow Wilson Senior High School

  • Education Level: High
  • # of students: 1,624
  • # of teachers: 88
4
GreatSchools Rating
 

$855,000$1,045,000$950,000

PURCHASE PRICE

$3,222$3,938$3,580

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,580
EXPENSES Loan Payment -$3,300
Property Tax -$987
Property Insurance -$75
Property Management Fees -$175
CASH FLOW
-$957

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.

$950,000

PROJECTED PRICE

$3,580

PROJECTED RENT

0.38%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.35%
Appreciation Year (1-5) 11.9%
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-$20k-$15k-$10k-$5.0k$0.0$5.0k$10k$15k$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$257,500

INVESTMENT

$257,500

Down Payment
$237,500
Rehab Estimate
$5,750
Closing Costs
$14,250

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$3,300

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $237,500
Loan Amount $712,500
See What Happens When You Reinvest Cash Flow

1.42

YEARS SAVED

$6,420

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,580

    LIST RENT
  • $1.79

    LIST RENT PER SQFT
  • $4,010

    COMP ESTIMATED VALUE
  • $2.01

    COMP AVG. RENT PER SQFT
Comps Range
$3,200
1$3,2002$3,2503$3,5804$3,9505$4,800
$4,800
RENT COMPS ANALYSIS
  • 4338 Maycrest Avenue Los Angeles, CA 3
    • 4 beds 2 baths ∙ 1,995 Sqft ∙ Built 1917 4 beds 2 baths ∙ 1,995 Sqft ∙ Built 1917
    • Rent
    • Rent Per SQFT
    •  
    • $3,580
    • $1.79
    •  
  • 629 N Curtis Avenue Alhambra, CA 1
    • 3 beds 1 baths ∙ 1,814 Sqft ∙ Built 1924 3 beds 1 baths ∙ 1,814 Sqft ∙ Built 1924
    LEASED 11/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,200
    • $1.76
    •  
  • 317 S Westboro Avenue Alhambra, CA 2
    • 4 beds 3 baths ∙ 1,950 Sqft ∙ Built 1930 4 beds 3 baths ∙ 1,950 Sqft ∙ Built 1930
    LEASED 02/20/21
    • Rent
    • Rent Per SQFT
    •  
    • $3,250
    • $1.67
    •  
  • 2021 Marengo Avenue South Pasadena, CA 4
    • 3 beds 2 baths ∙ 1,808 Sqft ∙ Built 1922 3 beds 2 baths ∙ 1,808 Sqft ∙ Built 1922
    LEASED 09/08/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,950
    • $2.18
    •  
  • 1429 Oneonta South Pasadena, CA 5
    • 3 beds 2 baths ∙ 1,974 Sqft ∙ Built 1937 3 beds 2 baths ∙ 1,974 Sqft ∙ Built 1937
    LEASED 06/25/20
    • Rent
    • Rent Per SQFT
    •  
    • $4,800
    • $2.43
    •  
PROPERTY LISTING DETAILS
Levon Barrison
Infinity Real Estate Services
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: SR21054313
Last Updated: 03/16/2021
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