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4846 N Maywood Avenue Los Angeles, CA 90041

3 Beds 1 Baths 1,146 sqft Built 1923

$829,000

List Price

$3,230

$3K - $3.5K

Rent Est.

PROPERTY INFO

November 18, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1923
  • Price/Sqft : $723.39
  • 6 Days on Market
  • MLS # : 20659928
  • Updated Date : 11/18/2020 at 08:07
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,146 sqft
  • Baths : 1 full
Listing Agent

Berkshire Hathaway Homeservices California

Listing Agent's Description

Located in a tranquil Eagle Rock neighborhood is this darling 1920s CA Bungalow w/original detail, character & charm. 2 beds, 1 bath, lite & brite kitchen w/vintage stove, living rm w/fp, dining area w/built-ins and breakfast nook. A rear, tandem third bedrm now serves as a spacious wi closet/changing rm w/custom cabinetry & fabulous painted flr. Foundation upgrades, some newer windows, wd flrs, crown molding, custom wd blinds & 30 yr roof. The rear, outdoor space is a revelation! Native, drought tolerant succulent & cactus gardens, covered terraces & patios, meandering pathways & creative lighting shape an oasis for intimate Al fresco dining, sensible entertaining or quiet reflection. Finished, detached garage, perfect for a studio or workshop, upgraded w/custom double doors, roof, electrical, insulation & paneling. A long driveway provides plenty of off-street parking. Close to cool Eagle Rock and Highland Park shops & eateries and award winning Eagle Rock schools. Welcome Home!

SEE MORE

MARKET HIGHLIGHTS

  • 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]
  • 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)

PRICE & RENT TRENDS

Neighborhood: Eagle Rock

NeighborhoodNIR Market*CityMarket2010Year20002019200k250k300k350k400k450k500k550k600k650k700k750k800k850kPrice in $199k856k

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

Neighborhood: Eagle Rock

NeighborhoodNIR Market*CityMarket2010Year2000 Q42019 Q21800200022002400260028003000320034003600Rent in $17843752

* 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
Eagle Rock Elementary School Primary Regular 777 33 8
Eagle Rock Elementary School Middle Regular 777 33 8
Eagle Rock High School High Regular 2,469 95 7

Eagle Rock Elementary School

  • Education Level: Primary
  • # of students: 777
  • # of teachers: 33
8
GreatSchools Rating

Eagle Rock Elementary School

  • Education Level: Middle
  • # of students: 777
  • # of teachers: 33
8
GreatSchools Rating

Eagle Rock High School

  • Education Level: High
  • # of students: 2,469
  • # of teachers: 95
7
GreatSchools Rating
 

$746,100$911,900$829,000

PURCHASE PRICE

$2,907$3,553$3,230

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,230
EXPENSES Loan Payment -$3,059
Property Tax -$861
Property Insurance -$55
Property Management Fees -$158
CASH FLOW
-$903

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.

$829,000

PROJECTED PRICE

$3,230

PROJECTED RENT

0.39%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.56%
Appreciation Year (1-5) 10.1%
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-$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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$225,435

INVESTMENT

$225,435

Down Payment
$207,250
Rehab Estimate
$5,750
Closing Costs
$12,435

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$3,059

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $207,250
Loan Amount $621,750
See What Happens When You Reinvest Cash Flow

1.33

YEARS SAVED

$6,221

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,230

    LIST RENT
  • $2.82

    LIST RENT PER SQFT
  • $3,335

    COMP ESTIMATED VALUE
  • $2.91

    COMP AVG. RENT PER SQFT
Comps Range
$3,230
1$3,2302$3,8003$4,0004$4,400
$4,400
RENT COMPS ANALYSIS
  • 4846 N Maywood Avenue Los Angeles, CA 1
    • 3 beds 1 baths ∙ 1,146 Sqft ∙ Built 1923 3 beds 1 baths ∙ 1,146 Sqft ∙ Built 1923
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $3,230
    • $2.82
    •  
  • 5120 Baltimore Street Highland Park, CA 2
    • 3 beds 2 baths ∙ 1,276 Sqft ∙ Built 1922 3 beds 2 baths ∙ 1,276 Sqft ∙ Built 1922
    property image
    LEASED 07/03/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,800
    • $2.98
    •  
  • 1112 Princeton Drive Glendale, CA 3
    • 3 beds 2 baths ∙ 1,450 Sqft ∙ Built 1923 3 beds 2 baths ∙ 1,450 Sqft ∙ Built 1923
    property image
    LEASED 08/03/20
    • Rent
    • Rent Per SQFT
    •  
    • $4,000
    • $2.76
    •  
  • 4919 Highland View Avenue Los Angeles, CA 4
    • 3 beds 2 baths ∙ 1,470 Sqft ∙ Built 1923 3 beds 2 baths ∙ 1,470 Sqft ∙ Built 1923
    property image
    LEASED 01/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $4,400
    • $2.99
    •  
PROPERTY LISTING DETAILS
Thomas Inatomi
Berkshire Hathaway Homeservices California
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: 20659928
Last Updated: 11/18/2020
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