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5512 W 82nd Street Los Angeles, CA 90045

3 Beds 2 Baths 1,100 sqft Built 1950

$929,000

List Price

$3,020

$2.8K - $3.3K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 06, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1950
  • Price/Sqft : $844.55
  • 3 Days on Market
  • MLS # : SB21042776
  • Updated Date : 03/05/2021 at 16:00
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,100 sqft
  • Baths : 2 full
Listing Agent

Keller Williams Beach Cities

Listing Agent's Description

Rare opportunity to own a lovely 3 bedroom 2 bath home on a large "street to street" lot in a family friendly street in Westchester. This cozy home features a flowing floor plan with tasteful upgrades including refinished hardwood floors, recessed lighting, plantation shutters, A/C in the bedrooms, updated exterior doors and a new roof and solar panels (leased) in 2018. You will enjoying preparing meals and entertaining with the lovely galley kitchen which overlooks the living room and features granite countertops, well maintained cabinets, stainless steel appliances and fixtures. The kitchen has direct access to the large and beautifully landscaped backyard. A stacked Washer and Dryer is located in a separate room directly outside of the kitchen. Other features of this home include a beautifully remodelled Master Bath with newer tile, new plumbing and electrical fixtures and a glass shower door. The Hallway Bath has been updated with a floating vanity, upgraded sink, tile, plumbing and electrical fixtures. This large and unique lot extends from 82nd St to 83rd St and offers numerous options for expansion or development. The 2 car garage is accessible from 83rd St. This property is centrally located and is walking distance from numerous stores and restaurants and is easily accessible to LAX, metro and the 405 freeway.

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: Westchester

NeighborhoodNIR Market*CityMarket2010Year20002019200k300k400k500k600k700k800k900k1000k1100kPrice in $199k1117k

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

Neighborhood: Westchester

NeighborhoodNIR Market*CityMarket2010Year2000 Q42019 Q21800200022002400260028003000320034003600380040004200Rent in $17844363

* 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
Westport Heights Elementary School Primary Regular 371 16 4
Orville Wright Engineering And Design Magnet Middle Regular 674 26 4
Westchester Enriched Sciences Magnets Health-sports Med Mag High Regular 1,247 55 3

Westport Heights Elementary School

  • Education Level: Primary
  • # of students: 371
  • # of teachers: 16
4
GreatSchools Rating

Orville Wright Engineering And Design Magnet

  • Education Level: Middle
  • # of students: 674
  • # of teachers: 26
4
GreatSchools Rating

Westchester Enriched Sciences Magnets Health-sports Med Mag

  • Education Level: High
  • # of students: 1,247
  • # of teachers: 55
3
GreatSchools Rating
 

$836,100$1,021,900$929,000

PURCHASE PRICE

$2,718$3,322$3,020

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,020
EXPENSES Loan Payment -$3,227
Property Tax -$953
Property Insurance -$54
Property Management Fees -$148
CASH FLOW
-$1,361

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.

$929,000

PROJECTED PRICE

$3,020

PROJECTED RENT

0.33%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.56%
Appreciation Year (1-5) 10.4%
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

PROJECTED ANNUAL CASH FLOW

11530-$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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$251,935

INVESTMENT

$251,935

Down Payment
$232,250
Rehab Estimate
$5,750
Closing Costs
$13,935

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$3,227

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $232,250
Loan Amount $696,750
See What Happens When You Reinvest Cash Flow

0.17

YEARS SAVED

$151

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,020

    LIST RENT
  • $2.75

    LIST RENT PER SQFT
  • $3,011

    COMP ESTIMATED VALUE
  • $2.74

    COMP AVG. RENT PER SQFT
Comps Range
$2,700
1$2,7002$3,0203$3,1004$4,0005$4,200
$4,200
RENT COMPS ANALYSIS
  • 5512 W 82nd Street Los Angeles, CA 2
    • 3 beds 2 baths ∙ 1,100 Sqft ∙ Built 1950 3 beds 2 baths ∙ 1,100 Sqft ∙ Built 1950
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $3,020
    • $2.75
    •  
  • 433 W Manchester Boulevard Inglewood, CA 1
    • 3 beds 2 baths ∙ 1,178 Sqft ∙ Built 1939 3 beds 2 baths ∙ 1,178 Sqft ∙ Built 1939
    property image
    LEASED 03/05/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,700
    • $2.29
    •  
  • 5969 W 75th Street Los Angeles, CA 3
    • 3 beds 1 baths ∙ 1,253 Sqft ∙ Built 1947 3 beds 1 baths ∙ 1,253 Sqft ∙ Built 1947
    property image
    LEASED 03/01/21
    • Rent
    • Rent Per SQFT
    •  
    • $3,100
    • $2.47
    •  
  • 405 W Hillsdale Street Inglewood, CA 4
    • 3 beds 2 baths ∙ 1,354 Sqft ∙ Built 1938 3 beds 2 baths ∙ 1,354 Sqft ∙ Built 1938
    property image
    LEASED 12/06/19
    • Rent
    • Rent Per SQFT
    •  
    • $4,000
    • $2.95
    •  
  • 8006 Osage Avenue Los Angeles, CA 5
    • 3 beds 2 baths ∙ 1,298 Sqft ∙ Built 1950 3 beds 2 baths ∙ 1,298 Sqft ∙ Built 1950
    property image
    LEASED 09/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $4,200
    • $3.24
    •  
PROPERTY LISTING DETAILS
Marlowe Joaquin
Keller Williams Beach Cities
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: SB21042776
Last Updated: 03/05/2021
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