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PROPERTY INFO
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!
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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
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Hyde Park
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
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
| 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
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$195,199
LOAN DETAILS
$2,483
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $178,725 |
| Loan Amount | $536,175 |
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
-
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
Berkshire Hathaway Homeservices Troth, Realtors
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
MLS #: SR21046028
Last Updated: 03/06/2021
