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5708 Brushton Street Baldwin Hills, CA 90008

3 Beds 3 Baths 1,882 sqft Built 1951

$1,249,900

List Price

$4,060

$3.8K - $4.3K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
FACTS
  • Single Family
  • Built In 1951
  • Price/Sqft : $664.13
  • 35 Days on Market
  • MLS # : SR21124618
  • Updated Date : 07/12/2021 at 19:17
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,882 sqft
  • Baths : 3 full
Listing Agent

Rodeo Realty

Listing Agent's Description

Located in the desirable Baldwin Hills area! The property is located near Culver City, Century City, and Beverly Hills. The home feature 3 bedrooms and 3 bathrooms, with beautiful views of the city from the living room windows. A great place to call home! Perfect for a growing family! The living room and kitchen are nice and open, perfect for entertaining. The kitchen has been recently updated with granite countertops, a new center island stovetop, and a walk-in pantry. Additionally, each bedroom provides ample space, and the master bedroom has a sizable walk-in closet. All of the bathrooms have been recently updated throughout. Great location, near schools, parks, and great restaurants. A must-see!

SEE MORE

MARKET HIGHLIGHTS

  • As part of Southern California area, Los Angeles market inherits all the benefits from the area.
  • Southern California's economy is worth $1.58 trillion in Gross Metro Product and projected to grow to $1.67 trillion (USMayors.org, 2018)
  • 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)
  • 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)
  • 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: Baldwin Hills

NeighborhoodNIR Market*CityMarket2010Year20002019200k250k300k350k400k450k500k550k600k650k700k750kPrice in $174k755k

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

Neighborhood: Baldwin Hills

NeighborhoodNIR Market*CityMarket2010Year2000 Q42019 Q2180020002200240026002800300032003400Rent in $16353594

* 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
Baldwin Hills Elementary Primary Magnet 385 18 7
Audubon Middle School Middle Regular 660 39 1
Susan Miller Dorsey Senior High School High Regular 1,134 59 2

Baldwin Hills Elementary

  • Education Level: Primary
  • # of students: 385
  • # of teachers: 18
7
GreatSchools Rating

Audubon Middle School

  • Education Level: Middle
  • # of students: 660
  • # of teachers: 39
1
GreatSchools Rating

Susan Miller Dorsey Senior High School

  • Education Level: High
  • # of students: 1,134
  • # of teachers: 59
2
GreatSchools Rating
 

$1,124,910$1,374,890$1,249,900

PURCHASE PRICE

$3,654$4,466$4,060

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $4,060
EXPENSES Loan Payment -$4,341
Property Tax -$1,298
Property Insurance -$72
HOA -$18
Property Management Fees -$199
CASH FLOW
-$1,869

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.

$1,249,900

PROJECTED PRICE

$4,060

PROJECTED RENT

0.32%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.48%
Appreciation Year (1-5) 12.0%
Maintenance Year (1-5) 8.00%
Vacancy 4.69%
Length of Stay Years 2

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$1.0M$2.0M$3.0M$4.0M

PROJECTED ANNUAL CASH FLOW

11530-$30k-$20k-$10k$0.0$10k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$1.0M$2.0M$3.0M$4.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$336,974

INVESTMENT

$336,974

Down Payment
$312,475
Rehab Estimate
$5,750
Closing Costs
$18,749

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$4,341

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $312,475
Loan Amount $937,425
See What Happens When You Reinvest Cash Flow

0.17

YEARS SAVED

$169

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $4,060

    LIST RENT
  • $2.16

    LIST RENT PER SQFT
  • COMP ESTIMATED VALUE
  • COMP AVG. RENT PER SQFT
Comps Range
$4,060
1$4,060
$4,060
RENT COMPS ANALYSIS
  • 5708 Brushton Street Baldwin Hills, CA
    • 3 beds 3 baths ∙ 1,882 Sqft ∙ Built 1951 3 beds 3 baths ∙ 1,882 Sqft ∙ Built 1951
    • Rent
    • Rent Per SQFT
    •  
    • $4,060
    • $2.16
    •  
PROPERTY LISTING DETAILS
Ben Salem
Rodeo Realty
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: SR21124618
Last Updated: 07/12/2021
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