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5201 S Van Ness Avenue Los Angeles, CA 90062

3 Beds 2 Baths 1,490 sqft Built 1921

$714,900

List Price

$2,530

$2.3K - $2.8K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 07, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1921
  • Price/Sqft : $479.80
  • 4 Days on Market
  • MLS # : SR21046028
  • Updated Date : 03/06/2021 at 17:47
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,490 sqft
  • Baths : 2 full
Listing Agent

Berkshire Hathaway Homeservices Troth, Realtors

Listing Agent's Description

Upgrades Galore!!! Gorgeous Spanish Style Single Story Home Located in a Desirable Neighborhood on a Cul-de-sac. This Home Features 3 Spacious Bedrooms, & 2 Full Bathrooms, and 1,490 Sqft of Living Space. Spacious Family Room Features a Gorgeous Brick Fireplace, Hardwood Flooring & Custom Paint. The Family Room Opens to the Spacious Kitchen Featuring Stainless Steel Appliances, Granite Counter Tops, an Abundance of Cabinets for Storage, & a Dining Area. The Master Bedroom Features a Sitting Room/Office with Custom Built-In Cabinets. The Master Bathroom Features a New Vanity with Granite Counter Top, with Tile Back Splash and Tile flooring. Two Additional Spacious Bedrooms with Walk-In Closets & a Guest Bathroom Recently Updated. Indoor Spacious Laundry Room, Detached 2 Car Garage, Fully Gated & Room for 2 Additional Vehicles to Park. Beautiful Landscaping Both Front and Back Yard Meticulously Manicured. This is a Very Well Maintained Home & a Must See!! Come See Why it's Not Just a House, It's Your Home!

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)
  • 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]
  • 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)
  • Southern California's economy is worth $1.58 trillion in Gross Metro Product and projected to grow to $1.67 trillion (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 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
Horace Mann Middle School Middle Regular 425 19 NA
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

Horace Mann Middle School

  • Education Level: Middle
  • # of students: 425
  • # of teachers: 19
NA
GreatSchools Rating

Crenshaw Magnets- Science Tech Engineer Math And Medicine

  • Education Level: High
  • # of students: 981
  • # of teachers: 54
2
GreatSchools Rating
 

$643,410$786,390$714,900

PURCHASE PRICE

$2,277$2,783$2,530

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,530
EXPENSES Loan Payment -$2,483
Property Tax -$753
Property Insurance -$63
Property Management Fees -$124
CASH FLOW
-$893

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.

$714,900

PROJECTED PRICE

$2,530

PROJECTED RENT

0.35%

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

PROJECTED ANNUAL CASH FLOW

11530-$15k-$10k-$5.0k$0.0$5.0k$10k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$195,199

INVESTMENT

$195,199

Down Payment
$178,725
Rehab Estimate
$5,750
Closing Costs
$10,724

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,483

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $178,725
Loan Amount $536,175
See What Happens When You Reinvest Cash Flow

0.42

YEARS SAVED

$1,111

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,530

    LIST RENT
  • $1.7

    LIST RENT PER SQFT
  • $3,498

    COMP ESTIMATED VALUE
  • $2.35

    COMP AVG. RENT PER SQFT
Comps Range
$2,530
1$2,5302$3,0003$3,2004$3,8505$4,400
$4,400
RENT COMPS ANALYSIS
  • 5201 S Van Ness Avenue Los Angeles, CA 1
    • 3 beds 2 baths ∙ 1,490 Sqft ∙ Built 1921 3 beds 2 baths ∙ 1,490 Sqft ∙ Built 1921
    • Rent
    • Rent Per SQFT
    •  
    • $2,530
    • $1.70
    •  
  • 1846 W 42nd Place Los Angeles, CA 2
    • 3 beds 1 baths ∙ 1,396 Sqft ∙ Built 1922 3 beds 1 baths ∙ 1,396 Sqft ∙ Built 1922
    LEASED 09/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,000
    • $2.15
    •  
  • 5438 Hillcrest Drive Los Angeles, CA 3
    • 3 beds 2 baths ∙ 1,437 Sqft ∙ Built 1923 3 beds 2 baths ∙ 1,437 Sqft ∙ Built 1923
    LEASED 01/07/21
    • Rent
    • Rent Per SQFT
    •  
    • $3,200
    • $2.23
    •  
  • 5516 S Rimpau Boulevard View Park, CA 4
    • 3 beds 2 baths ∙ 1,639 Sqft ∙ Built 1926 3 beds 2 baths ∙ 1,639 Sqft ∙ Built 1926
    LEASED 12/09/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,850
    • $2.35
    •  
  • 2803 W 43rd Place Los Angeles, CA 5
    • 4 beds 2 baths ∙ 1,657 Sqft ∙ Built 1937 4 beds 2 baths ∙ 1,657 Sqft ∙ Built 1937
    LEASED 08/04/20
    • Rent
    • Rent Per SQFT
    •  
    • $4,400
    • $2.66
    •  
PROPERTY LISTING DETAILS
Christie Limpus
Berkshire Hathaway Homeservices Troth, Realtors
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: SR21046028
Last Updated: 03/06/2021
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