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5312 S Mullen Avenue View Park, CA 90043

4 Beds 2 Baths 2,620 sqft Built 1929

$1,000,000

List Price

$3,330

$3.1K - $3.6K

Rent Est.

PROPERTY INFO

January 08, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1929
  • Price/Sqft : $381.68
  • 3 Days on Market
  • MLS # : SB21004549
  • Updated Date : 01/08/2021 at 18:27
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,620 sqft
  • Baths : 2 full
Listing Agent

Imperial 7 Realty

Listing Agent's Description

View Park location! Spacious two story home with 2620 sq ft living space with plenty of storage (9 closets), 4 bedrooms 2 bath. 2 rooms have supplemental area for office or convert to walk in closet. Master bedroom has walk out balcony. Living room with cathedral ceiling and wood burning fireplace (piping for gas already in place for easy conversion to gas). Kitchen remodeled in 2018 with granite counter tops all new cabinetry, flooring, eat in breakfast area with built ins. Remodeled laundry room with pantry. Formal dining room. Man cave/ den. Home's foundation retrofitted in 2018 as well. Very sturdy home. Beautiful courtyard entrance with room for expansion. Big backyard with deck for endless hours of entertaining. Detached 2 car garage with bonus storage area attached. DirecTV, Ring, and alarm hardware in place for seamless conversion to new owner. Great location, close to 405 fwy, shopping, Marina, and Airport. Sale is contingent upon seller's purchase of new home and both transactions closing concurrently. Contact listing agent for showing. Showing by appointment only. Listing agent must be present. Showing Wednesday Jan 13 10-12 and Saturday Jan 16 10-12, and every sequential Wednesday and Saturday until accepted offer.

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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

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
54th Street Elementary School Primary Regular 290 13 2
Audubon Middle School Middle Regular 660 39 1
Crenshaw Magnets- Science Tech Engineer Math And Medicine High Magnet 981 54 2

54th Street Elementary School

  • Education Level: Primary
  • # of students: 290
  • # of teachers: 13
2
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
 

$900,000$1,100,000$1,000,000

PURCHASE PRICE

$2,997$3,663$3,330

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,330
EXPENSES Loan Payment -$3,473
Property Tax -$1,094
Property Insurance -$90
Property Management Fees -$163
CASH FLOW
-$1,490

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.

$1,000,000

PROJECTED PRICE

$3,330

PROJECTED RENT

0.33%

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

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$270,750

INVESTMENT

$270,750

Down Payment
$250,000
Rehab Estimate
$5,750
Closing Costs
$15,000

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$3,473

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $250,000
Loan Amount $750,000
See What Happens When You Reinvest Cash Flow

0.17

YEARS SAVED

$126

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,330

    LIST RENT
  • $1.27

    LIST RENT PER SQFT
  • $2,568

    COMP ESTIMATED VALUE
  • $0.98

    COMP AVG. RENT PER SQFT
Comps Range
$2,700
1$2,7002$3,330
$3,330
RENT COMPS ANALYSIS
  • 5312 S Mullen Avenue View Park, CA 2
    • 4 beds 2 baths ∙ 2,620 Sqft ∙ Built 1929 4 beds 2 baths ∙ 2,620 Sqft ∙ Built 1929
    • Rent
    • Rent Per SQFT
    •  
    • $3,330
    • $1.27
    •  
  • 5735 Valley Ridge Avenue Windsor Hills, CA 1
    • 4 beds 3 baths ∙ 2,768 Sqft ∙ Built 1943 4 beds 3 baths ∙ 2,768 Sqft ∙ Built 1943
    LEASED 10/22/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,700
    • $0.98
    •  
PROPERTY LISTING DETAILS
Darrius Lewis
Imperial 7 Realty
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: SB21004549
Last Updated: 01/08/2021
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