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629 W 105th Street Los Angeles, CA 90044

3 Beds 1 Baths 905 sqft Built 1923

$510,000

List Price

$2,350

$2.1K - $2.6K

Rent Est.

PROPERTY INFO

February 06, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1923
  • Price/Sqft : $563.54
  • 2 Days on Market
  • MLS # : PW21025288
  • Updated Date : 02/06/2021 at 10:58
CONSTRUCTION
  • Beds : 3
  • Floor Size : 905 sqft
  • Baths : 1 full
Listing Agent

New Horizon Res & Commercial

Listing Agent's Description

Remodeled 3 bedrooms 1 bath house with ample living space, spacious backyard and privacy. Cook and entertain in the completely remodeled, bright and spacious kitchen, fully equipped with granite countertops and stainless steel appliances. All new electrical, plumbing, roof, windows, garage door. Close to schools and transportation.

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: 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
Charles W Barrett Elementary School Primary Regular 1,000 44 3
Bret Harte Preparatory Middle School Middle Regular 779 40 1
Bret Harte Preparatory Middle School Middle Unknown NA

Charles W Barrett Elementary School

  • Education Level: Primary
  • # of students: 1,000
  • # of teachers: 44
3
GreatSchools Rating

Bret Harte Preparatory Middle School

  • Education Level: Middle
  • # of students: 779
  • # of teachers: 40
1
GreatSchools Rating

Bret Harte Preparatory Middle School

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

$459,000$561,000$510,000

PURCHASE PRICE

$2,115$2,585$2,350

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,350
EXPENSES Loan Payment -$1,771
Property Tax -$537
Property Insurance -$49
Property Management Fees -$115
CASH FLOW
-$122

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.

$510,000

PROJECTED PRICE

$2,350

PROJECTED RENT

0.46%

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-$5.0k$0.0$5.0k$10k$15k$20k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$500k$1.0M$1.5M$2.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$140,900

INVESTMENT

$140,900

Down Payment
$127,500
Rehab Estimate
$5,750
Closing Costs
$7,650

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 50% down payment or higher enables the proceeds from the asset to cover all costs.

$1,771

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $127,500
Loan Amount $382,500
See What Happens When You Reinvest Cash Flow

5.17

YEARS SAVED

$27,821

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,350

    LIST RENT
  • $2.6

    LIST RENT PER SQFT
  • $2,539

    COMP ESTIMATED VALUE
  • $2.8

    COMP AVG. RENT PER SQFT
Comps Range
$2,300
1$2,3002$2,3503$2,800
$2,800
RENT COMPS ANALYSIS
  • 629 W 105th Street Los Angeles, CA 2
    • 3 beds 1 baths ∙ 905 Sqft ∙ Built 1923 3 beds 1 baths ∙ 905 Sqft ∙ Built 1923
    • Rent
    • Rent Per SQFT
    •  
    • $2,350
    • $2.60
    •  
  • 732 W 97th Street Los Angeles, CA 1
    • 3 beds 1 baths ∙ 873 Sqft ∙ Built 1927 3 beds 1 baths ∙ 873 Sqft ∙ Built 1927
    LEASED 01/29/21
    • Rent
    • Rent Per SQFT
    •  
    • $2,300
    • $2.63
    •  
  • 1017 W 109th Street Los Angeles, CA 3
    • 3 beds 1 baths ∙ 939 Sqft ∙ Built 1923 3 beds 1 baths ∙ 939 Sqft ∙ Built 1923
    LEASED 11/09/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,800
    • $2.98
    •  
PROPERTY LISTING DETAILS
Anastasiya Vysotski
New Horizon Res & Commercial
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: PW21025288
Last Updated: 02/06/2021
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