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552 W 109th Place Los Angeles, CA 90044

3 Beds 1 Baths 1,353 sqft Built 1938

$495,000

List Price

$2,510

$2.3K - $2.8K

Rent Est.

PROPERTY INFO

December 16, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1938
  • Price/Sqft : $365.85
  • 6 Days on Market
  • MLS # : 20670518
  • Updated Date : 12/19/2020 at 12:19
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,353 sqft
  • Baths : 1 full
Listing Agent

Keller Williams-santa Monica

Listing Agent's Description

Step into this gorgeous ready to Move-In condition, 3-bedroom, 1 bath home with over 1,300+ square feet. This home boasts gleaming laminated floors, recess lighting, central air, and heat. The living room has high coved ceilings that enhance the charm. An oversize hallway puts you in the center of the bedrooms and bathroom. The large master bedroom is light and bright with a walk-in closet. Enter the kitchen that comes complete with granite countertops, dishwasher, stove, and refrigerator. The laundry room with a washer and dryer includes a tankless water heater. The front and backyard are nicely landscaped and very low maintenance. Centrally located to freeways and the New SOFI Stadium. This is a probate sale with independent administration that may NOT need court confirmation.

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: Vermont Vista

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450k500k550k600k650k700kPrice in $133k725k

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

Neighborhood: Vermont Vista

NeighborhoodNIR Market*CityMarket2010Year2000 Q42019 Q218002000220024002600280030003200Rent in $17073316

* 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
Figueroa Street Elementary School Primary Regular 427 18 3
Samuel Gompers Middle School Middle Regular 617 37 1
Washington Primary Center Primary Regular 216 9 NA

Figueroa Street Elementary School

  • Education Level: Primary
  • # of students: 427
  • # of teachers: 18
3
GreatSchools Rating

Samuel Gompers Middle School

  • Education Level: Middle
  • # of students: 617
  • # of teachers: 37
1
GreatSchools Rating

Washington Primary Center

  • Education Level: Primary
  • # of students: 216
  • # of teachers: 9
NA
GreatSchools Rating
 

$445,500$544,500$495,000

PURCHASE PRICE

$2,259$2,761$2,510

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,510
EXPENSES Loan Payment -$1,826
Property Tax -$521
Property Insurance -$60
Property Management Fees -$123
CASH FLOW
-$20

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.

$495,000

PROJECTED PRICE

$2,510

PROJECTED RENT

0.51%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.35%
Appreciation Year (1-5) 12.2%
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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M$1.6M$1.8M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$136,925

INVESTMENT

$136,925

Down Payment
$123,750
Rehab Estimate
$5,750
Closing Costs
$7,425

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 45% down payment or higher enables the proceeds from the asset to cover all costs.

$1,826

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $123,750
Loan Amount $371,250
See What Happens When You Reinvest Cash Flow

6.5

YEARS SAVED

$45,223

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,510

    LIST RENT
  • $1.86

    LIST RENT PER SQFT
  • $2,692

    COMP ESTIMATED VALUE
  • $1.99

    COMP AVG. RENT PER SQFT
Comps Range
$2,450
1$2,4502$2,5103$2,8754$3,1005$3,600
$3,600
RENT COMPS ANALYSIS
  • 552 W 109th Place Los Angeles, CA 2
    • 3 beds 1 baths ∙ 1,353 Sqft ∙ Built 1938 3 beds 1 baths ∙ 1,353 Sqft ∙ Built 1938
    • Rent
    • Rent Per SQFT
    •  
    • $2,510
    • $1.86
    •  
  • 834 W 95th Street Los Angeles, CA 1
    • 4 beds 2 baths ∙ 1,645 Sqft ∙ Built 1928 4 beds 2 baths ∙ 1,645 Sqft ∙ Built 1928
    LEASED 12/30/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,450
    • $1.49
    •  
  • 629 E 120th Street Los Angeles, CA 3
    • 4 beds 2 baths ∙ 1,526 Sqft ∙ Built 1948 4 beds 2 baths ∙ 1,526 Sqft ∙ Built 1948
    LEASED 10/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,875
    • $1.88
    •  
  • 1030 W 92nd Street Los Angeles, CA 4
    • 4 beds 2 baths ∙ 1,316 Sqft ∙ Built 1929 4 beds 2 baths ∙ 1,316 Sqft ∙ Built 1929
    LEASED 03/13/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,100
    • $2.36
    •  
  • 10211 S St Andrews Place Los Angeles, CA 5
    • 3 beds 2 baths ∙ 1,612 Sqft ∙ Built 1940 3 beds 2 baths ∙ 1,612 Sqft ∙ Built 1940
    LEASED 07/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,600
    • $2.23
    •  
PROPERTY LISTING DETAILS
Deborah Rugley Wiley
Keller Williams-santa Monica
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: 20670518
Last Updated: 12/19/2020
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