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5906 5th Avenue Los Angeles, CA 90043

3 Beds 2 Baths 1,140 sqft Built 1939

$699,000

List Price

$2,430

$2.2K - $2.7K

Rent Est.

PROPERTY INFO

January 11, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1939
  • Price/Sqft : $613.16
  • 8 Days on Market
  • MLS # : OC21005729
  • Updated Date : 01/10/2021 at 18:38
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,140 sqft
  • Baths : 2 full
Listing Agent

Real Living Lifestyle Properties

Listing Agent's Description

Welcome, Home To This Spanish Style Single Story Home Located In Park Hills Heights within The Beautiful City of Los Angeles, California. This beautiful home features eye capturing curb appeal that makes you look twice. An open patio that leads you inside to an open floor plan with natural lighting, 3 spacious Bedrooms, 2 full bathrooms, occupies just shy of 1,200 sqft of living space & sits on a spacious 4,796 sqft lot! This gorgeous home has been fully updated inside & out with the finest touches, including a gourmet kitchen with new white quartz countertops, new grey cabinetry with black fixtures, black appliances & diamond-shaped backsplash with black accents. New paint inside and out, new central AC & heating, new light wood color flooring throughout, new double pane windows, new recessed lighting, new hardware & new bathrooms that are a MUST SEE!! No detail has been missed & no expense was spared on this one of a kind home. The backyard is an entertainer delight offering plenty of room for BBQs & entertaining on those late weekend nights. 2 car detached garage, pull through driveway / RV Parking & Storage behind the garage. This property is located close to local schools, parks & shopping centers. Schedule your private showing today! This Home Is A Must See!

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)
  • 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)

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
59th Street Elementary School Primary Regular 375 18 1
Horace Mann Middle School Middle Regular 425 19 NA
Crenshaw Magnets- Science Tech Engineer Math And Medicine High Magnet 981 54 2

59th Street Elementary School

  • Education Level: Primary
  • # of students: 375
  • # of teachers: 18
1
GreatSchools Rating

Horace Mann Middle School

  • Education Level: Middle
  • # of students: 425
  • # of teachers: 19
NA
GreatSchools Rating

Crenshaw Magnets- Science Tech Engineer Math And Medicine

  • Education Level: High
  • # of students: 981
  • # of teachers: 54
2
GreatSchools Rating
 

$629,100$768,900$699,000

PURCHASE PRICE

$2,187$2,673$2,430

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,430
EXPENSES Loan Payment -$2,428
Property Tax -$736
Property Insurance -$54
Property Management Fees -$119
CASH FLOW
-$907

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.

$699,000

PROJECTED PRICE

$2,430

PROJECTED RENT

0.35%

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

PROJECTED ANNUAL CASH FLOW

11530-$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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$190,985

INVESTMENT

$190,985

Down Payment
$174,750
Rehab Estimate
$5,750
Closing Costs
$10,485

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,428

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $174,750
Loan Amount $524,250
See What Happens When You Reinvest Cash Flow

0.42

YEARS SAVED

$704

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,430

    LIST RENT
  • $2.13

    LIST RENT PER SQFT
  • $2,417

    COMP ESTIMATED VALUE
  • $2.12

    COMP AVG. RENT PER SQFT
Comps Range
$2,430
1$2,4302$2,5003$3,0004$3,200
$3,200
RENT COMPS ANALYSIS
  • 5906 5th Avenue Los Angeles, CA 1
    • 3 beds 2 baths ∙ 1,140 Sqft ∙ Built 1939 3 beds 2 baths ∙ 1,140 Sqft ∙ Built 1939
    • Rent
    • Rent Per SQFT
    •  
    • $2,430
    • $2.13
    •  
  • 1300 W 69th Street Los Angeles, CA 2
    • 3 beds 1 baths ∙ 1,262 Sqft ∙ Built 1921 3 beds 1 baths ∙ 1,262 Sqft ∙ Built 1921
    LEASED 10/24/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $1.98
    •  
  • 1846 W 42nd Place Los Angeles, CA 3
    • 3 beds 1 baths ∙ 1,396 Sqft ∙ Built 1922 3 beds 1 baths ∙ 1,396 Sqft ∙ Built 1922
    LEASED 09/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,000
    • $2.15
    •  
  • 5438 Hillcrest Drive Los Angeles, CA 4
    • 3 beds 2 baths ∙ 1,437 Sqft ∙ Built 1923 3 beds 2 baths ∙ 1,437 Sqft ∙ Built 1923
    LEASED 01/07/21
    • Rent
    • Rent Per SQFT
    •  
    • $3,200
    • $2.23
    •  
PROPERTY LISTING DETAILS
Adrian Hernandez
Real Living Lifestyle Properties
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: OC21005729
Last Updated: 01/10/2021
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