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PROPERTY INFO
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!
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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
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Vermont Vista
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
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
| 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
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$170,024
LOAN DETAILS
$2,287
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $154,975 |
| Loan Amount | $464,925 |
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
-
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
Johnhart Corp.
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
MLS #: SR20246010
Last Updated: 11/24/2020
