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536 S Sydney Drive Los Angeles, CA 90022

4 Beds 1 Baths 1,652 sqft Built 1955

$559,000

List Price

$3,050

$2.8K - $3.3K

Rent Est.

PROPERTY INFO

December 24, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1955
  • Price/Sqft : $338.38
  • 5 Days on Market
  • MLS # : PV20262301
  • Updated Date : 12/23/2020 at 20:02
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,652 sqft
  • Baths : 1 full
Listing Agent

West Shores Realty, Inc.

Listing Agent's Description

Escape the busy city life by retreating to this 4 bedroom 1.75 bath turn-key home on a 4,589 square foot lot with a detached 2-car garage! The home sits on a conveniently located street close to the freeways and local schools. The property boasts a sizable front yard and shade-providing trees perfect for taking in sunny days. The entrance opens to a spacious living room with hardwood laminate floors, beamed ceilings, and fireplace giving a modern look to this open floor plan. Not to mention large windows and sliding glass door that opens up to your backyard. Across the entrance and to the left side of the living room is a separate dining room/area perfect for entertaining & dining with friends and an incredibly remodeled kitchen that INCLUDES appliances and quartz countertops. The living room flows to a hallway leading to four spacious bedrooms all with beamed ceilings and a newly remodeled bathroom complete with quartz countertops and tile. The home features a very private yard with no neighbor in the back where you can host BBQ’s and get-togethers w/ friends and family, and watch your loved ones play freely. Cookouts and entertaining will be a cinch. Come see for yourself before it flies off the market! ADU Potential. LCR3 Lot.

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MARKET HIGHLIGHTS

  • 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)
  • 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]

PRICE & RENT TRENDS

Neighborhood: East Los Angeles

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450k500k550k600k650k700kPrice in $139k725k

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

Neighborhood: East Los Angeles

NeighborhoodNIR Market*CityMarket2010Year2000 Q42019 Q2160018002000220024002600280030003200Rent in $14773316

* 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
Humphreys Avenue Elementary School Primary Regular 772 32 5
Griffith Middle School Middle Regular 1,396 66 5
Hilda L Solis Learning Academy High Unknown 291 12 NA

Humphreys Avenue Elementary School

  • Education Level: Primary
  • # of students: 772
  • # of teachers: 32
5
GreatSchools Rating

Griffith Middle School

  • Education Level: Middle
  • # of students: 1,396
  • # of teachers: 66
5
GreatSchools Rating

Hilda L Solis Learning Academy

  • Education Level: High
  • # of students: 291
  • # of teachers: 12
NA
GreatSchools Rating
 

$503,100$614,900$559,000

PURCHASE PRICE

$2,745$3,355$3,050

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,050
EXPENSES Loan Payment -$2,062
Property Tax -$656
Property Insurance -$67
Property Management Fees -$149
CASH FLOW
$115

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.

$559,000

PROJECTED PRICE

$3,050

PROJECTED RENT

0.55%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

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
11530$0.0$500k$1.0M$1.5M$2.0M

PROJECTED ANNUAL CASH FLOW

11530$0.0$5.0k$10k$15k$20k$25k$30k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$153,885

INVESTMENT

$153,885

Down Payment
$139,750
Rehab Estimate
$5,750
Closing Costs
$8,385

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 40% down payment or higher enables the proceeds from the asset to cover all costs.

$2,062

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $139,750
Loan Amount $419,250
See What Happens When You Reinvest Cash Flow

7.75

YEARS SAVED

$67,151

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,050

    LIST RENT
  • $1.85

    LIST RENT PER SQFT
  • $3,746

    COMP ESTIMATED VALUE
  • $2.27

    COMP AVG. RENT PER SQFT
Comps Range
$2,800
1$2,8002$3,0003$3,0504$3,5005$4,750
$4,750
RENT COMPS ANALYSIS
  • 536 S Sydney Drive Los Angeles, CA 3
    • 4 beds 1 baths ∙ 1,652 Sqft ∙ Built 1955 4 beds 1 baths ∙ 1,652 Sqft ∙ Built 1955
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $3,050
    • $1.85
    •  
  • 5461 Repetto Avenue East Los Angeles, CA 1
    • 3 beds 2 baths ∙ 1,504 Sqft ∙ Built 1948 3 beds 2 baths ∙ 1,504 Sqft ∙ Built 1948
    property image
    LEASED 11/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,800
    • $1.86
    •  
  • 2308 Connor Avenue Commerce, CA 2
    • 4 beds 2 baths ∙ 1,308 Sqft ∙ Built 1955 4 beds 2 baths ∙ 1,308 Sqft ∙ Built 1955
    property image
    LEASED 07/02/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,000
    • $2.29
    •  
  • 1201 Pebbledon Street Monterey Park, CA 4
    • 4 beds 2 baths ∙ 1,529 Sqft ∙ Built 1958 4 beds 2 baths ∙ 1,529 Sqft ∙ Built 1958
    property image
    LEASED 05/31/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,500
    • $2.29
    •  
  • 3551 W Avenue 42 Los Angeles, CA 5
    • 3 beds 2 baths ∙ 1,805 Sqft ∙ Built 1955 3 beds 2 baths ∙ 1,805 Sqft ∙ Built 1955
    property image
    LEASED 10/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $4,750
    • $2.63
    •  
PROPERTY LISTING DETAILS
Richard Magana
West Shores Realty, Inc.
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: PV20262301
Last Updated: 12/23/2020
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