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4608 Rosewood Avenue Los Angeles, CA 90004

3 Beds 2 Baths 1,527 sqft Built 2006

$850,000

List Price

$3,220

$3K - $3.5K

Rent Est.

PROPERTY INFO

January 18, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2006
  • Price/Sqft : $556.65
  • 8 Days on Market
  • MLS # : 21681484
  • Updated Date : 01/17/2021 at 16:11
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,527 sqft
  • Baths : 2 full
Listing Agent

Masters Realty Group

Listing Agent's Description

Gated for privacy, this beautiful home built in 2006 has the perfect layout with all of the modern conveniences of today. Enjoy formal living room and open concept family area & dining area with hardwood floors throughout. Spacious bedrooms lots of natural light. On the first level, is the living room, family area, dining area and kitchen. The kitchen has gorgeous granite countertop, stainless appliances and tile flooring. Also there is 1/2 bath with laundry area. Off the dining and kitchen area are French doors which open out to the beautiful wood deck patio. Upstairs you will find 3 spacious bedrooms and 2 bathrooms. The master suite has a walk-in closet, master bath and opens out to a balcony. The home is conveniently located few minutes drive to Hollywood, Korea Town, Larchmont Village for many of LA's trendy shops and restaurants providing convenience and style.

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • 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]

PRICE & RENT TRENDS

Neighborhood: Wilshire Center - Koreatown

NeighborhoodNIR Market*CityMarket2010Year20002019200k250k300k350k400k450k500k550k600k650k700k750k800k850kPrice in $153k867k

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

Neighborhood: Wilshire Center - Koreatown

NeighborhoodNIR Market*CityMarket2010Year2000 Q42019 Q2180020002200240026002800300032003400360038004000Rent in $17184102

* 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
Harvard Elementary School Primary Regular 480 21 4
Virgil Middle School Middle Regular 904 43 5
Fairfax Senior High School High Regular 2,101 83 6

Harvard Elementary School

  • Education Level: Primary
  • # of students: 480
  • # of teachers: 21
4
GreatSchools Rating

Virgil Middle School

  • Education Level: Middle
  • # of students: 904
  • # of teachers: 43
5
GreatSchools Rating

Fairfax Senior High School

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

$765,000$935,000$850,000

PURCHASE PRICE

$2,898$3,542$3,220

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,220
EXPENSES Loan Payment -$2,952
Property Tax -$856
Property Insurance -$64
Property Management Fees -$158
CASH FLOW
-$810

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.

$850,000

PROJECTED PRICE

$3,220

PROJECTED RENT

0.38%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.35%
Appreciation Year (1-5) 7.7%
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-$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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$231,000

INVESTMENT

$231,000

Down Payment
$212,500
Rehab Estimate
$5,750
Closing Costs
$12,750

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 60% down payment or higher enables the proceeds from the asset to cover all costs.

$2,952

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $212,500
Loan Amount $637,500
See What Happens When You Reinvest Cash Flow

1.5

YEARS SAVED

$7,164

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,220

    LIST RENT
  • $2.11

    LIST RENT PER SQFT
  • $3,356

    COMP ESTIMATED VALUE
  • $2.2

    COMP AVG. RENT PER SQFT
Comps Range
$3,220
1$3,2202$3,3003$3,5004$3,6005$3,650
$3,650
RENT COMPS ANALYSIS
  • 4608 Rosewood Avenue Los Angeles, CA 1
    • 3 beds 2 baths ∙ 1,527 Sqft ∙ Built 2006 3 beds 2 baths ∙ 1,527 Sqft ∙ Built 2006
    • Rent
    • Rent Per SQFT
    •  
    • $3,220
    • $2.11
    •  
  • 155 S Oxford Avenue Los Angeles, CA 2
    • 3 beds 2 baths ∙ 1,439 Sqft ∙ Built 2016 3 beds 2 baths ∙ 1,439 Sqft ∙ Built 2016
    LEASED 11/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,300
    • $2.29
    •  
  • 4822 Elmwood Avenue Los Angeles, CA 3
    • 3 beds 2 baths ∙ 1,660 Sqft ∙ Built 2011 3 beds 2 baths ∙ 1,660 Sqft ∙ Built 2011
    LEASED 12/26/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,500
    • $2.11
    •  
  • 333 S Manhattan Place Los Angeles, CA 4
    • 3 beds 4 baths ∙ 1,700 Sqft ∙ Built 2007 3 beds 4 baths ∙ 1,700 Sqft ∙ Built 2007
    LEASED 01/16/21
    • Rent
    • Rent Per SQFT
    •  
    • $3,600
    • $2.12
    •  
  • 201 N Manhattan Place Los Angeles, CA 5
    • 3 beds 2 baths ∙ 1,610 Sqft ∙ Built 2008 3 beds 2 baths ∙ 1,610 Sqft ∙ Built 2008
    LEASED 12/05/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,650
    • $2.27
    •  
PROPERTY LISTING DETAILS
Connie Kim
Masters Realty Group
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: 21681484
Last Updated: 01/17/2021
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