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4517 Amber Place Los Angeles, CA 90032

3 Beds 2 Baths 1,012 sqft Built 1922

$650,000

List Price

$2,360

$2.1K - $2.6K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
February 17, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1922
  • Price/Sqft : $642.29
  • 6 Days on Market
  • MLS # : P1-3363
  • Updated Date : 02/17/2021 at 11:51
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,012 sqft
  • Baths : 2 full
Listing Agent

Johnhart Real Estate

Listing Agent's Description

Nestled in the foothills of El Sereno, on a hidden gem of a street of well-kept character homes, sits this beautifully maintained 3-bedroom, 2-bathroom home with a comfortable 1,012-sqft of living space! A luscious green yard and a welcoming bright yellow front door greet you. Enter a cozy light-filled living room enhanced with laminate floors. A spacious kitchen with granite countertops, ample cabinetry, stainless-steel appliances, and recessed lights to create your home-cooked meals in. Then enjoy your culinary efforts in the spacious adjoining dining room. Each bedroom is filled with light to accentuate the lovely laminate floors, an attached bathroom and large closets fitted with mirrored sliding doors. The large main bathroom is alive with original black and white checkered tile and a walk-in shower. The property includes a full-sized laundry room, an attached 2-car-tandum carport, additional driveway parking, recently added central air and foundation reinforcement. Conveniently located just a few miles from South Pasadena, Alhambra and downtown LA shopping and dining. Ascot Park 93 acre protected open space and Elephant Hill provide nearby hiking trails and more. Don't miss this very special home!

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MARKET HIGHLIGHTS

  • 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)
  • 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)
  • 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 area contributes to 55.3% of California state economy i.e. Gross State Product (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)
  • Southern California's economy is worth $1.58 trillion in Gross Metro Product and projected to grow to $1.67 trillion (USMayors.org, 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
 

$585,000$715,000$650,000

PURCHASE PRICE

$2,124$2,596$2,360

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,360
EXPENSES Loan Payment -$2,258
Property Tax -$675
Property Insurance -$51
Property Management Fees -$116
CASH FLOW
-$740

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.

$650,000

PROJECTED PRICE

$2,360

PROJECTED RENT

0.36%

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

PROJECTED ANNUAL CASH FLOW

11530-$10k-$5.0k$0.0$5.0k$10k

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$178,000

INVESTMENT

$178,000

Down Payment
$162,500
Rehab Estimate
$5,750
Closing Costs
$9,750

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,258

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $162,500
Loan Amount $487,500
See What Happens When You Reinvest Cash Flow

0.75

YEARS SAVED

$2,120

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,360

    LIST RENT
  • $2.33

    LIST RENT PER SQFT
  • $2,287

    COMP ESTIMATED VALUE
  • $2.26

    COMP AVG. RENT PER SQFT
Comps Range
$2,300
1$2,3002$2,3603$2,600
$2,600
RENT COMPS ANALYSIS
  • 4517 Amber Place Los Angeles, CA 2
    • 3 beds 2 baths ∙ 1,012 Sqft ∙ Built 1922 3 beds 2 baths ∙ 1,012 Sqft ∙ Built 1922
    • Rent
    • Rent Per SQFT
    •  
    • $2,360
    • $2.33
    •  
  • 3520 Emma Avenue Lincoln Heights, CA 1
    • 4 beds 2 baths ∙ 1,200 Sqft ∙ Built 1916 4 beds 2 baths ∙ 1,200 Sqft ∙ Built 1916
    LEASED 06/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,300
    • $1.92
    •  
  • 1620 N Soto Street Los Angeles, CA 3
    • 3 beds 2 baths ∙ 1,000 Sqft ∙ Built 1928 3 beds 2 baths ∙ 1,000 Sqft ∙ Built 1928
    LEASED 12/26/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,600
    • $2.60
    •  
PROPERTY LISTING DETAILS
Brian Larsen
Johnhart Real Estate
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: P1-3363
Last Updated: 02/17/2021
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