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PROPERTY INFO
FACTS
- Single Family
- Built In 1951
- Price/Sqft : $580.74
- 6 Days on Market
- MLS # : PW20249129
- Updated Date : 12/04/2020 at 19:12
CONSTRUCTION
- Beds : 3
- Floor Size : 1,703 sqft
- Baths : 2 full
Listing Agent
The Mohler Real Estate Group
Listing Agent's Description
Incredible Mid-Century 3br/2ba home in the highly sought after View Park-Windsor Hills neighborhood! This two story home has been newly updated and is truly turnkey. You will fall in love with the large & lovely galley style kitchen, gorgeous spa like main bathroom and updated owner's suite. There are stunning refinished hardwood floors, cozy wood burning fireplace, loads of light and interior storage! This home also offers awesome indoor/outdoor flow. Beautiful patio with custom built-in barbeque grill for entertaining. Custom Pella energy efficient double paned casement windows throughout. Large enclosed backyard for kids and pets to play. Adding to this wonderful home is a large 2 stall garage with loads of storage a 240/50A electric car charging station, 3 network cable runs for that perfect home office and a brand new roof!!! Close to fine dining and shopping in Culver City, Playa Vista, Marina Del Rey, Silicon Beach, and Downtown. Great access to the 405 freeway and La Cienega. Just a short walk to gorgeous Kenneth Hahn hiking/biking Park-to-Playa trails, Reuben Ingold park, and Japanese gardens. This home has been lovingly maintained and improved over the years. This beautiful residence promises timeless style, enhanced quality of life, and lasting value. Coming soon with more photos to come but you will not want to miss this fantastic home!!
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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: View Park-Windsor Hills
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: View Park-Windsor Hills
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $3,560 |
| EXPENSES | Loan Payment | -$3,649 |
| Property Tax | -$1,046 | |
| Property Insurance | -$68 | |
| Property Management Fees | -$174 | |
|
CASH FLOW
-$1,378
|
||
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.
$989,000
PROJECTED PRICE
$3,560
PROJECTED RENT
0.36%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 4.56% |
| Appreciation Year (1-5) | 11.1% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 5.05% |
| Length of Stay Years | 2 |
PROJECTED ACCUMULATED WEALTH
30 YEAR PROJECTION
- Cash Flow
- Appreciation
- Principal
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$267,835
LOAN DETAILS
$3,649
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $247,250 |
| Loan Amount | $741,750 |
0.33
YEARS SAVED
$934
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$3,560
LIST RENT -
$2.09
LIST RENT PER SQFT
-
$3,798
COMP ESTIMATED VALUE -
$2.23
COMP AVG. RENT PER SQFT
Comps Range
-
5079 Parkglen Avenue Windsor Hills, CA 2
- 3 beds 2 baths ∙ 1,703 Sqft ∙ Built 1951 3 beds 2 baths ∙ 1,703 Sqft ∙ Built 1951
- Rent
- Rent Per SQFT
- $3,560
- $2.09
-
3764 Buckingham Road Los Angeles, CA 1
- 3 beds 2 baths ∙ 1,438 Sqft ∙ Built 1948 3 beds 2 baths ∙ 1,438 Sqft ∙ Built 1948
LEASED 01/08/20- Rent
- Rent Per SQFT
- $3,200
- $2.23
-
5577 Onacrest Drive Los Angeles, CA 3
- 4 beds 3 baths ∙ 1,778 Sqft ∙ Built 1940 4 beds 3 baths ∙ 1,778 Sqft ∙ Built 1940
LEASED 02/26/20- Rent
- Rent Per SQFT
- $4,000
- $2.25
-
4253 Don Jose Drive Los Angeles, CA 4
- 3 beds 3 baths ∙ 2,035 Sqft ∙ Built 1959 3 beds 3 baths ∙ 2,035 Sqft ∙ Built 1959
LEASED 11/17/20- Rent
- Rent Per SQFT
- $4,495
- $2.21
PROPERTY LISTING DETAILS
The Mohler Real Estate Group
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
MLS #: PW20249129
Last Updated: 12/04/2020
