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5700 West Boulevard Los Angeles, CA 90043

3 Beds 1 Baths 1,559 sqft Built 1925

$775,000

List Price

$3,000

$2.8K - $3.3K

Rent Est.

PROPERTY INFO

November 12, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1925
  • Price/Sqft : $497.11
  • 4 Days on Market
  • MLS # : 20658856
  • Updated Date : 11/12/2020 at 05:29
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,559 sqft
  • Baths : 1 full
Listing Agent

Pacific Playa Realty

Listing Agent's Description

Windsor Hills adjacent 1920's Spanish home on extra large corner lot w/private backyard & original and irreplaceable architectural details intact. Trust sale with no confirmation required. Enter a spacious living room w/a fireplace w/original tile w/inset reminiscent of Batchelder tile 151B; three 15-light casement windows; arched entryway to formal dining room w/french doors to side patio; three bedrooms off hallway gives privacy to owner/guests; off the dining room is the kitchen & a super charming circular breakfast room; separate laundry room on service porch allowing access to a large private backyard & elevated covered patio w/hot tub; detached 2 car garage & storage room a perfect opportunity for adding an ADU and still having plenty of backyard space; this home is full of potential and an opportunity to reside in a sought after neighborhood. Housesitter on premises, do not disturb occupants.

SEE MORE

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: Hyde Park

NeighborhoodNIR Market*CityMarket2010Year20002019200k250k300k350k400k450k500k550k600k650k700kPrice in $153k725k

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

Neighborhood: Hyde Park

NeighborhoodNIR Market*CityMarket2010Year2000 Q42019 Q218002000220024002600280030003200Rent in $17183316

* 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
 

$697,500$852,500$775,000

PURCHASE PRICE

$2,700$3,300$3,000

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,000
EXPENSES Loan Payment -$2,859
Property Tax -$816
Property Insurance -$64
Property Management Fees -$147
CASH FLOW
-$887

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.

$775,000

PROJECTED PRICE

$3,000

PROJECTED RENT

0.39%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.35%
Appreciation Year (1-5) 12.4%
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$2.5M$3.0M

PROJECTED ANNUAL CASH FLOW

11530-$15k-$10k-$5.0k$0.0$5.0k$10k$15k

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$211,125

INVESTMENT

$211,125

Down Payment
$193,750
Rehab Estimate
$5,750
Closing Costs
$11,625

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 65% down payment or higher enables the proceeds from the asset to cover all costs.

$2,859

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $193,750
Loan Amount $581,250
See What Happens When You Reinvest Cash Flow

1.17

YEARS SAVED

$4,488

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
  • $1.92

    LIST RENT PER SQFT
  • $3,071

    COMP ESTIMATED VALUE
  • $1.97

    COMP AVG. RENT PER SQFT
Comps Range
$3,000
1$3,0002$3,0003$3,0504$3,500
$3,500
RENT COMPS ANALYSIS
  • 5700 West Boulevard Los Angeles, CA 2
    • 3 beds 1 baths ∙ 1,559 Sqft ∙ Built 1925 3 beds 1 baths ∙ 1,559 Sqft ∙ Built 1925
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $3,000
    • $1.92
    •  
  • 1846 W 42nd Place Los Angeles, CA 1
    • 3 beds 1 baths ∙ 1,396 Sqft ∙ Built 1922 3 beds 1 baths ∙ 1,396 Sqft ∙ Built 1922
    property image
    LEASED 09/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,000
    • $2.15
    •  
  • 2143 W 76th Street Los Angeles, CA 3
    • 3 beds 1 baths ∙ 1,714 Sqft ∙ Built 1929 3 beds 1 baths ∙ 1,714 Sqft ∙ Built 1929
    property image
    LEASED 08/26/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,050
    • $1.78
    •  
  • 3917 Wellington Road Los Angeles, CA 4
    • 3 beds 2 baths ∙ 1,770 Sqft ∙ Built 1942 3 beds 2 baths ∙ 1,770 Sqft ∙ Built 1942
    property image
    LEASED 08/04/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,500
    • $1.98
    •  
PROPERTY LISTING DETAILS
Teresa Mack
Pacific Playa Realty
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: 20658856
Last Updated: 11/12/2020
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