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5079 Parkglen Avenue Windsor Hills, CA 90043

3 Beds 2 Baths 1,703 sqft Built 1951

$989,000

List Price

$3,560

$3.3K - $3.8K

Rent Est.

PROPERTY INFO

December 04, 2020 RECENTLY ADDED
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!!

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: View Park-Windsor Hills

NeighborhoodNIR Market*CityMarket2010Year20002019200k250k300k350k400k450k500k550k600k650k700k750k800k850kPrice in $199k882k

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

Neighborhood: View Park-Windsor Hills

NeighborhoodNIR Market*CityMarket2010Year2000 Q42019 Q218002000220024002600280030003200340036003800Rent in $17843965

* 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
Windsor Hills Math-science-aerospace Magnet School Primary Alternative 544 23 4
Audubon Middle School Middle Regular 660 39 1
Crenshaw Magnets- Science Tech Engineer Math And Medicine High Magnet 981 54 2

Windsor Hills Math-science-aerospace Magnet School

  • Education Level: Primary
  • # of students: 544
  • # of teachers: 23
4
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
 

$890,100$1,087,900$989,000

PURCHASE PRICE

$3,204$3,916$3,560

RENT

DOWN PAYMENT
FINANCING

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

ASSUMPTIONS

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
11530$0.0$500k$1.0M$1.5M$2.0M$2.5M$3.0M$3.5M

PROJECTED ANNUAL CASH FLOW

11530-$25k-$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$3.5M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$267,835

INVESTMENT

$267,835

Down Payment
$247,250
Rehab Estimate
$5,750
Closing Costs
$14,835

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$3,649

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $247,250
Loan Amount $741,750
See What Happens When You Reinvest Cash Flow

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
$3,200
1$3,2002$3,5603$4,0004$4,495
$4,495
RENT COMPS ANALYSIS
  • 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
Shawn Mohler
The Mohler Real Estate Group
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: PW20249129
Last Updated: 12/04/2020
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