Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more

632 W 112th Street Los Angeles, CA 90044

3 Beds 2 Baths 1,686 sqft Built 1953

$619,900

List Price

$2,770

$2.5K - $3K

Rent Est.

PROPERTY INFO

November 24, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1953
  • Price/Sqft : $367.67
  • 6 Days on Market
  • MLS # : SR20246010
  • Updated Date : 11/24/2020 at 11:28
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,686 sqft
  • Baths : 2 full
Listing Agent

Johnhart Corp.

Listing Agent's Description

This 3 bedroom, 2 bath home in Los Angeles is bursting with color in every room and offers over 1,600 sq ft of space! The front living room offers plenty of natural light and gorgeous wood flooring. The kitchen provides significant cabinet space and room to operate. Enjoy abundant closet space in the bright, cheery primary bedroom, plus more storage space in the hall with a sizable built-in. In the back you’ll find an entertainer’s dream, with a bonus room that includes a bar and sliding doors that open to the backyard. A garage, covered car port, and a gated backyard area are all accessible in the back of the property. Last but not least, this residence features great proximity to the 110 and 105 freeways for added convenience!

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
 

$557,910$681,890$619,900

PURCHASE PRICE

$2,493$3,047$2,770

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,770
EXPENSES Loan Payment -$2,287
Property Tax -$653
Property Insurance -$68
Property Management Fees -$136
CASH FLOW
-$373

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.

$619,900

PROJECTED PRICE

$2,770

PROJECTED RENT

0.45%

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$2.5M

PROJECTED ANNUAL CASH FLOW

11530-$10k-$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$170,024

INVESTMENT

$170,024

Down Payment
$154,975
Rehab Estimate
$5,750
Closing Costs
$9,299

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 55% down payment or higher enables the proceeds from the asset to cover all costs.

$2,287

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $154,975
Loan Amount $464,925
See What Happens When You Reinvest Cash Flow

3.42

YEARS SAVED

$21,617

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,770

    LIST RENT
  • $1.64

    LIST RENT PER SQFT
  • $3,170

    COMP ESTIMATED VALUE
  • $1.88

    COMP AVG. RENT PER SQFT
Comps Range
$2,770
1$2,7702$2,8753$3,000
$3,000
RENT COMPS ANALYSIS
  • 632 W 112th Street Los Angeles, CA 1
    • 3 beds 2 baths ∙ 1,686 Sqft ∙ Built 1953 3 beds 2 baths ∙ 1,686 Sqft ∙ Built 1953
    • Rent
    • Rent Per SQFT
    •  
    • $2,770
    • $1.64
    •  
  • 629 E 120th Street Los Angeles, CA 2
    • 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
    •  
  • 9906 Haas Avenue Los Angeles, CA 3
    • 3 beds 2 baths ∙ 1,594 Sqft ∙ Built 1949 3 beds 2 baths ∙ 1,594 Sqft ∙ Built 1949
    LEASED 07/13/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,000
    • $1.88
    •  
PROPERTY LISTING DETAILS
John Maseredjian
Johnhart Corp.
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: SR20246010
Last Updated: 11/24/2020
BESbswy