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4919 11th Avenue Los Angeles, CA 90043

3 Beds 2 Baths 1,864 sqft Built 1920

$850,000

List Price

$3,050

$2.8K - $3.3K

Rent Est.

PROPERTY INFO

February 13, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1920
  • Price/Sqft : $456.01
  • 3 Days on Market
  • MLS # : 21692982
  • Updated Date : 02/12/2021 at 20:16
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,864 sqft
  • Baths : 2 full
Listing Agent

Scotton Group & Associates, Inc.

Listing Agent's Description

First time on market in over 40 years. Lovely floor plan.

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: 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
 

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

PURCHASE PRICE

$2,745$3,355$3,050

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,050
EXPENSES Loan Payment -$2,952
Property Tax -$895
Property Insurance -$72
Property Management Fees -$149
CASH FLOW
-$1,018

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

$3,050

PROJECTED RENT

0.36%

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

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$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 65% 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

0.67

YEARS SAVED

$1,860

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,050

    LIST RENT
  • $1.64

    LIST RENT PER SQFT
  • $3,076

    COMP ESTIMATED VALUE
  • $1.65

    COMP AVG. RENT PER SQFT
Comps Range
$3,050
1$3,0502$3,1003$3,2004$3,3505$3,500
$3,500
RENT COMPS ANALYSIS
  • 4919 11th Avenue Los Angeles, CA 1
    • 3 beds 2 baths ∙ 1,864 Sqft ∙ Built 1920 3 beds 2 baths ∙ 1,864 Sqft ∙ Built 1920
    • Rent
    • Rent Per SQFT
    •  
    • $3,050
    • $1.64
    •  
  • 4153 4th Avenue Los Angeles, CA 2
    • 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 3
    • 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 4
    • 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
Gary L Scotton
Scotton Group & Associates, Inc.
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: 21692982
Last Updated: 02/12/2021
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