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4812 3rd Avenue Los Angeles, CA 90043

4 Beds 2 Baths 2,104 sqft Built 1914

$800,000

List Price

$3,400

$3.2K - $3.7K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 09, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1914
  • Price/Sqft : $380.23
  • 7 Days on Market
  • MLS # : 320005254
  • Updated Date : 03/08/2021 at 17:23
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,104 sqft
  • Baths : 2 full
Listing Agent

Coldwell Banker Hallmark Realt

Listing Agent's Description

A wonderful opportunity awaits with this delightful home situated in the desirable area between Ladera Heights and Inglewood. A large front porch overlooks the front yard of this 4 bedroom 3 bath house featuring original details, including the wooden floors, and a brick fireplace in the living room. Built in 1914, the house offers over 2,000 Sq. Ft. of comfortable living space with a separate living and dining room, including a large bonus room for your enjoyment. You will appreciate the abundant storage space with the many cabinets in the kitchen. A wide open driveway leads to the detached garage and the backyard ready for your use and enjoyment. This house is filled with potential, ready for you to add your special touch of design and style. Bring your imaginings and take pleasure in the comfort of this charming property. A coveted location with close proximity to shopping, entertainment and freeways. Potential for an ADU and making it your home sweet home.

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MARKET HIGHLIGHTS

  • 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.
  • 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]
  • 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)

PRICE & RENT TRENDS

Neighborhood: Hyde Park

NeighborhoodNIR Market*CityMarket2010Year20002019200k250k300k350k400k450k500k550k600k650k700kPrice in $153k725k

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

Neighborhood: Hyde Park

NeighborhoodNIR Market*CityMarket2010Year2000 Q42019 Q218002000220024002600280030003200Rent in $17183316

* 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
Angeles Mesa Elementary School Primary Regular 400 20 2
Audubon Middle School Middle Regular 660 39 1
Crenshaw Magnets- Science Tech Engineer Math And Medicine High Magnet 981 54 2

Angeles Mesa Elementary School

  • Education Level: Primary
  • # of students: 400
  • # of teachers: 20
2
GreatSchools Rating

Audubon Middle School

  • Education Level: Middle
  • # of students: 660
  • # of teachers: 39
1
GreatSchools Rating

Crenshaw Magnets- Science Tech Engineer Math And Medicine

  • Education Level: High
  • # of students: 981
  • # of teachers: 54
2
GreatSchools Rating
 

$720,000$880,000$800,000

PURCHASE PRICE

$3,060$3,740$3,400

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,400
EXPENSES Loan Payment -$2,779
Property Tax -$842
Property Insurance -$78
Property Management Fees -$167
CASH FLOW
-$465

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.

$800,000

PROJECTED PRICE

$3,400

PROJECTED RENT

0.43%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.35%
Appreciation Year (1-5) 12.4%
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

PROJECTED ANNUAL CASH FLOW

11530-$10k-$5.0k$0.0$5.0k$10k$15k$20k$25k

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$217,750

INVESTMENT

$217,750

Down Payment
$200,000
Rehab Estimate
$5,750
Closing Costs
$12,000

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 55% down payment or higher enables the proceeds from the asset to cover all costs.

$2,779

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $200,000
Loan Amount $600,000
See What Happens When You Reinvest Cash Flow

3.33

YEARS SAVED

$22,012

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,400

    LIST RENT
  • $1.62

    LIST RENT PER SQFT
  • $3,472

    COMP ESTIMATED VALUE
  • $1.65

    COMP AVG. RENT PER SQFT
Comps Range
$3,100
1$3,1002$3,2003$3,3504$3,4005$3,500
$3,500
RENT COMPS ANALYSIS
  • 4812 3rd Avenue Los Angeles, CA 4
    • 4 beds 2 baths ∙ 2,104 Sqft ∙ Built 1914 4 beds 2 baths ∙ 2,104 Sqft ∙ Built 1914
    • Rent
    • Rent Per SQFT
    •  
    • $3,400
    • $1.62
    •  
  • 4153 4th Avenue Los Angeles, CA 1
    • 3 beds 2 baths ∙ 2,011 Sqft ∙ Built 1929 3 beds 2 baths ∙ 2,011 Sqft ∙ Built 1929
    LEASED 08/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,100
    • $1.54
    •  
  • 5910 S Van Ness Avenue Los Angeles, CA 2
    • 4 beds 3 baths ∙ 1,804 Sqft ∙ Built 1907 4 beds 3 baths ∙ 1,804 Sqft ∙ Built 1907
    LEASED 02/03/21
    • Rent
    • Rent Per SQFT
    •  
    • $3,200
    • $1.77
    •  
  • 4037 W 63rd Street Los Angeles, CA 3
    • 4 beds 3 baths ∙ 2,156 Sqft ∙ Built 1921 4 beds 3 baths ∙ 2,156 Sqft ∙ Built 1921
    LEASED 07/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,350
    • $1.55
    •  
  • 4247 9th Avenue Los Angeles, CA 5
    • 3 beds 3 baths ∙ 2,014 Sqft ∙ Built 1928 3 beds 3 baths ∙ 2,014 Sqft ∙ Built 1928
    LEASED 01/16/21
    • Rent
    • Rent Per SQFT
    •  
    • $3,500
    • $1.74
    •  
PROPERTY LISTING DETAILS
Gabriel Baron
Coldwell Banker Hallmark Realt
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: 320005254
Last Updated: 03/08/2021
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