Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more
REQUEST INFO
SCHEDULE APPOINTMENT
It's free, with no obligation
PROPERTY INFO
FACTS
- Single Family
- Built In 1950
- Price/Sqft : $390.82
- 12 Days on Market
- MLS # : CV20246427
- Updated Date : 12/01/2020 at 09:37
CONSTRUCTION
- Beds : 3
- Floor Size : 1,791 sqft
- Baths : 1 full
Listing Agent
Century 21 Marty Rodriguez
Listing Agent's Description
The home you have been searching for is officially on the market! This lovely Los Angeles home will capture your heart with its character, charm, upgrades, and desirable location. Its eye-catching curb appeal, new fence with epi hardwood, and front porch entrance invites you into this home. You are immediately greeted with a bright and open floor plan boasting hardwood flooring and large windows that fill the home with natural sunlight. The spacious living room offers the perfect place to relax after a long day or entertain family and friends. As you make your way through the dining room, you are welcomed into the charming kitchen that features an additional eating area. You will absolutely love this home’s two gorgeously remodeled bathrooms, boasting upgraded tile floors, upgraded showers with tile walls, new glass shower doors, and upgraded sinks. This home is complete with a master bedroom, 2 secondary bedrooms, laundry room, attic and basement for additional storage, central A/C and heat, and a spacious 2-car detached garage with a security gate. Enjoy lounging and entertaining guests in the backyard with its covered patio, pavers throughout, and beautiful greenery. This home is mixed-use zoned and desirably located near schools, shopping centers, restaurants, Monterey park, and offering quick access to major freeways. Ready to call this house your new home? Give our team a call today to schedule your private showing!
SEE MORE
MARKET HIGHLIGHTS
- 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)
- 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)
PRICE & RENT TRENDS
Neighborhood: East Los Angeles
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: East Los Angeles
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $3,000 |
| EXPENSES | Loan Payment | -$2,583 |
| Property Tax | -$815 | |
| Property Insurance | -$70 | |
| Property Management Fees | -$147 | |
|
CASH FLOW
-$615
|
||
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.
$699,950
PROJECTED PRICE
$3,000
PROJECTED RENT
0.43%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 4.35% |
| Appreciation Year (1-5) | 10.9% |
| 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
$191,237
LOAN DETAILS
$2,583
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $174,988 |
| Loan Amount | $524,963 |
2.08
YEARS SAVED
$11,255
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$3,000
LIST RENT -
$1.68
LIST RENT PER SQFT
-
$3,251
COMP ESTIMATED VALUE -
$1.82
COMP AVG. RENT PER SQFT
Comps Range
-
5295 Via Campo Street Los Angeles, CA 5
- 3 beds 1 baths ∙ 1,791 Sqft ∙ Built 1950 3 beds 1 baths ∙ 1,791 Sqft ∙ Built 1950
- Rent
- Rent Per SQFT
- $3,000
- $1.68
-
1510 Dorner Drive Monterey Park, CA 1
- 4 beds 2 baths ∙ 1,500 Sqft ∙ Built 1967 4 beds 2 baths ∙ 1,500 Sqft ∙ Built 1967
LEASED 08/04/20- Rent
- Rent Per SQFT
- $2,600
- $1.73
-
5461 Repetto Avenue East Los Angeles, CA 2
- 3 beds 2 baths ∙ 1,504 Sqft ∙ Built 1948 3 beds 2 baths ∙ 1,504 Sqft ∙ Built 1948
LEASED 11/28/20- Rent
- Rent Per SQFT
- $2,800
- $1.86
-
252 Almora Street Monterey Park, CA 3
- 3 beds 2 baths ∙ 1,600 Sqft ∙ Built 1949 3 beds 2 baths ∙ 1,600 Sqft ∙ Built 1949
LEASED 08/06/19- Rent
- Rent Per SQFT
- $2,850
- $1.78
-
1360 S Sunrise Drive Monterey Park, CA 4
- 3 beds 2 baths ∙ 1,590 Sqft ∙ Built 1956 3 beds 2 baths ∙ 1,590 Sqft ∙ Built 1956
LEASED 08/27/19- Rent
- Rent Per SQFT
- $3,000
- $1.89
PROPERTY LISTING DETAILS
Century 21 Marty Rodriguez
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
MLS #: CV20246427
Last Updated: 12/01/2020
