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5034 Lockhaven Avenue Los Angeles, CA 90041

5 Beds 2 Baths 2,445 sqft Built 1985

$1,200,000

List Price

$4,060

$3.8K - $4.3K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
FACTS
  • Single Family
  • Built In 1985
  • Price/Sqft : $490.80
  • 10 Days on Market
  • MLS # : WS21030021
  • Updated Date : 02/16/2021 at 14:09
CONSTRUCTION
  • Beds : 5
  • Floor Size : 2,445 sqft
  • Baths : 2 full
Listing Agent

Mark Iii Properties

Listing Agent's Description

Very nice 5 bedroom house. Ready to move into. One large bedroom downstairs with a full bathroom and access to outside. Large master bedroom upstairs with its own bathroom, 3 other bedrooms upstairs. Has inside laundry room and attached 2 car garage, Central air and heat. Has a large separate living room along with a family room and dining area connected to the kitchen. Very big backyard with lots of greenery. Very nice curb appeal Centrally located. Close to the 2 and 134 freeways. Great schools.

SEE MORE

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: 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

 
Sorry, we do not have sufficient school data for this neighborhood.
 

$1,080,000$1,320,000$1,200,000

PURCHASE PRICE

$3,654$4,466$4,060

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $4,060
EXPENSES Loan Payment -$4,168
Property Tax -$1,247
Property Insurance -$86
Property Management Fees -$199
CASH FLOW
-$1,639

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.

$1,200,000

PROJECTED PRICE

$4,060

PROJECTED RENT

0.34%

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$3.5M$4.0M

PROJECTED ANNUAL CASH FLOW

11530-$30k-$20k-$10k$0.0$10k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$500k$1.0M$1.5M$2.0M$2.5M$3.0M$3.5M$4.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$323,750

INVESTMENT

$323,750

Down Payment
$300,000
Rehab Estimate
$5,750
Closing Costs
$18,000

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 70% down payment or higher enables the proceeds from the asset to cover all costs.

$4,168

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $300,000
Loan Amount $900,000
See What Happens When You Reinvest Cash Flow

0.25

YEARS SAVED

$534

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $4,060

    LIST RENT
  • $1.66

    LIST RENT PER SQFT
  • $4,026

    COMP ESTIMATED VALUE
  • $1.65

    COMP AVG. RENT PER SQFT
Comps Range
$3,500
1$3,5002$4,0603$4,1004$4,400
$4,400
RENT COMPS ANALYSIS
  • 5034 Lockhaven Avenue Los Angeles, CA 2
    • 5 beds 2 baths ∙ 2,445 Sqft ∙ Built 1985 5 beds 2 baths ∙ 2,445 Sqft ∙ Built 1985
    • Rent
    • Rent Per SQFT
    •  
    • $4,060
    • $1.66
    •  
  • 4557 Paulhan Avenue Los Angeles, CA 1
    • 4 beds 3 baths ∙ 2,160 Sqft ∙ Built 1988 4 beds 3 baths ∙ 2,160 Sqft ∙ Built 1988
    LEASED 11/07/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,500
    • $1.62
    •  
  • 970 Calle Amable Glendale, CA 3
    • 4 beds 3 baths ∙ 2,504 Sqft ∙ Built 1989 4 beds 3 baths ∙ 2,504 Sqft ∙ Built 1989
    LEASED 12/02/19
    • Rent
    • Rent Per SQFT
    •  
    • $4,100
    • $1.64
    •  
  • 968 Calle Amable Glendale, CA 4
    • 4 beds 3 baths ∙ 2,615 Sqft ∙ Built 1989 4 beds 3 baths ∙ 2,615 Sqft ∙ Built 1989
    LEASED 10/29/19
    • Rent
    • Rent Per SQFT
    •  
    • $4,400
    • $1.68
    •  
PROPERTY LISTING DETAILS
Gary Karasawa
Mark Iii Properties
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: WS21030021
Last Updated: 02/16/2021
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