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435 Arnaz Drive #105 Los Angeles, CA 90048

3 Beds 3 Baths 1,802 sqft Built 1991

$875,000

List Price

$4,990

$4.7K - $5.2K

Rent Est.

PROPERTY INFO

February 03, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1991
  • Price/Sqft : $485.57
  • 6 Days on Market
  • MLS # : 21688748
  • Updated Date : 02/02/2021 at 19:20
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,802 sqft
  • Baths : 2 full , 1 half
Listing Agent

Nelson Shelton Real Estate Era Powered

Listing Agent's Description

Coveted location, walking distance to restaurants and shops. Beverly Hills and West Hollywood adjacent. Near Cedars Sinai. Second Story, Corner unit with balcony facing Arnaz. No neighbors on three sides. Open floorplan, large living room-dinning area with fireplace. Eat-in kitchen. Wide hallways. High ceilings. In unit Washer Dryer closet. Great upside potential, bring your imagination and remodeling ideas to this large fixer condo. Association planning outdoor building painting and new landscaping. Secured building, gated garage with easy indoor access to lobby. Easy to show.

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: Beverly Grove

ZipNIR Market*CityMarket2010Year20002019200k300k400k500k600k700k800k900k1000k1100k1200k1300k1400k1500k1600kPrice in $199k1634k

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

Neighborhood: Beverly Grove

ZipNIR Market*CityMarket2010Year2000 Q42019 Q220002500300035004000450050005500Rent in $17845949

* 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
John Burroughs Middle School Middle Regular 1,849 66 6
Fairfax Senior High School High Regular 2,101 83 6

John Burroughs Middle School

  • Education Level: Middle
  • # of students: 1,849
  • # of teachers: 66
6
GreatSchools Rating

Fairfax Senior High School

  • Education Level: High
  • # of students: 2,101
  • # of teachers: 83
6
GreatSchools Rating
 

$787,500$962,500$875,000

PURCHASE PRICE

$4,491$5,489$4,990

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $4,990
EXPENSES Loan Payment -$3,039
Property Tax -$981
Property Insurance -$70
HOA -$610
Property Management Fees -$245
CASH FLOW
$45

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.

$875,000

PROJECTED PRICE

$4,990

PROJECTED RENT

0.57%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.56%
Appreciation Year (1-5) 8.6%
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

PROJECTED ANNUAL CASH FLOW

11530$0.0$10k$20k$30k$40k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$237,625

INVESTMENT

$237,625

Down Payment
$218,750
Rehab Estimate
$5,750
Closing Costs
$13,125

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 50% down payment or higher enables the proceeds from the asset to cover all costs.

$3,039

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $218,750
Loan Amount $656,250
See What Happens When You Reinvest Cash Flow

6.42

YEARS SAVED

$67,456

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $4,990

    LIST RENT
  • $2.77

    LIST RENT PER SQFT
  • $4,406

    COMP ESTIMATED VALUE
  • $2.45

    COMP AVG. RENT PER SQFT
Comps Range
$3,950
1$3,9502$4,5003$4,7004$4,9505$4,990
$4,990
RENT COMPS ANALYSIS
  • 435 Arnaz Drive Los Angeles, CA 5
    • 3 beds 3 baths ∙ 1,802 Sqft ∙ Built 1991 3 beds 3 baths ∙ 1,802 Sqft ∙ Built 1991
    • Rent
    • Rent Per SQFT
    •  
    • $4,990
    • $2.77
    •  
  • 118 S Clark Drive West Hollywood, CA 1
    • 3 beds 3 baths ∙ 1,814 Sqft ∙ Built 2004 3 beds 3 baths ∙ 1,814 Sqft ∙ Built 2004
    LEASED 01/09/21
    • Rent
    • Rent Per SQFT
    •  
    • $3,950
    • $2.18
    •  
  • 1050 S Holt Avenue Los Angeles, CA 2
    • 3 beds 4 baths ∙ 2,000 Sqft ∙ Built 2010 3 beds 4 baths ∙ 2,000 Sqft ∙ Built 2010
    LEASED 12/18/20
    • Rent
    • Rent Per SQFT
    •  
    • $4,500
    • $2.25
    •  
  • 927 S Wooster Street Los Angeles, CA 3
    • 3 beds 3 baths ∙ 1,766 Sqft ∙ Built 2011 3 beds 3 baths ∙ 1,766 Sqft ∙ Built 2011
    LEASED 06/11/20
    • Rent
    • Rent Per SQFT
    •  
    • $4,700
    • $2.66
    •  
  • 155 N Hamilton Drive Beverly Hills, CA 4
    • 3 beds 2 baths ∙ 1,840 Sqft ∙ Built 2007 3 beds 2 baths ∙ 1,840 Sqft ∙ Built 2007
    LEASED 01/08/21
    • Rent
    • Rent Per SQFT
    •  
    • $4,950
    • $2.69
    •  
PROPERTY LISTING DETAILS
Elsa Nelson
Nelson Shelton Real Estate Era Powered
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: 21688748
Last Updated: 02/02/2021
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