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

6333 W 81st Street Los Angeles, CA 90045

3 Beds 1 Baths 1,317 sqft Built 1944

$1,175,000

List Price

$3,910

$3.7K - $4.2K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 20, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1944
  • Price/Sqft : $892.18
  • 2 Days on Market
  • MLS # : 21707862
  • Updated Date : 03/20/2021 at 14:03
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,317 sqft
  • Baths : 1 full
Listing Agent

Keller Williams Silicon Beach

Listing Agent's Description

This 3 bedroom, 1 bath home is an investors delight! Tailor this Kentwood fixer into your dream home. Situated on a quiet street on a large lot. Detached garage space can be made into usable space.

SEE MORE

MARKET HIGHLIGHTS

  • Southern California's economy is worth $1.58 trillion in Gross Metro Product and projected to grow to $1.67 trillion (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)
  • 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)
  • 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)
  • 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]
  • 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: Westchester

NeighborhoodNIR Market*CityMarket2010Year20002019200k300k400k500k600k700k800k900k1000k1100kPrice in $199k1117k

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

Neighborhood: Westchester

NeighborhoodNIR Market*CityMarket2010Year2000 Q42019 Q21800200022002400260028003000320034003600380040004200Rent in $17844363

* 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
Kentwood Elementary School Primary Regular 381 17 6
Orville Wright Engineering And Design Magnet Middle Regular 674 26 4
Westchester Enriched Sciences Magnets Health-sports Med Mag High Regular 1,247 55 3

Kentwood Elementary School

  • Education Level: Primary
  • # of students: 381
  • # of teachers: 17
6
GreatSchools Rating

Orville Wright Engineering And Design Magnet

  • Education Level: Middle
  • # of students: 674
  • # of teachers: 26
4
GreatSchools Rating

Westchester Enriched Sciences Magnets Health-sports Med Mag

  • Education Level: High
  • # of students: 1,247
  • # of teachers: 55
3
GreatSchools Rating
 

$1,057,500$1,292,500$1,175,000

PURCHASE PRICE

$3,519$4,301$3,910

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,910
EXPENSES Loan Payment -$4,081
Property Tax -$1,205
Property Insurance -$59
HOA -$18
Property Management Fees -$192
CASH FLOW
-$1,644

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.

$1,175,000

PROJECTED PRICE

$3,910

PROJECTED RENT

0.33%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.56%
Appreciation Year (1-5) 10.4%
Maintenance Year (1-5) 8.00%
Vacancy 5.05%
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$3.0M$3.5M$4.0M

PROJECTED ANNUAL CASH FLOW

11530-$30k-$25k-$20k-$15k-$10k-$5.0k$0.0$5.0k$10k$15k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$500k$1.0M$1.5M$2.0M$2.5M$3.0M$3.5M$4.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$317,125

INVESTMENT

$317,125

Down Payment
$293,750
Rehab Estimate
$5,750
Closing Costs
$17,625

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$4,081

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $293,750
Loan Amount $881,250
See What Happens When You Reinvest Cash Flow

0.25

YEARS SAVED

$383

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,910

    LIST RENT
  • $2.97

    LIST RENT PER SQFT
  • $4,234

    COMP ESTIMATED VALUE
  • $3.22

    COMP AVG. RENT PER SQFT
Comps Range
$3,910
1$3,9102$4,5003$4,5004$4,5005$4,750
$4,750
RENT COMPS ANALYSIS
  • 6333 W 81st Street Los Angeles, CA 1
    • 3 beds 1 baths ∙ 1,317 Sqft ∙ Built 1944 3 beds 1 baths ∙ 1,317 Sqft ∙ Built 1944
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $3,910
    • $2.97
    •  
  • 6531 W 84th Street Los Angeles, CA 2
    • 3 beds 2 baths ∙ 1,348 Sqft ∙ Built 1944 3 beds 2 baths ∙ 1,348 Sqft ∙ Built 1944
    property image
    LEASED 09/25/20
    • Rent
    • Rent Per SQFT
    •  
    • $4,500
    • $3.34
    •  
  • 6511 W 87th Place Los Angeles, CA 3
    • 4 beds 2 baths ∙ 1,358 Sqft ∙ Built 1944 4 beds 2 baths ∙ 1,358 Sqft ∙ Built 1944
    property image
    LEASED 05/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $4,500
    • $3.31
    •  
  • 7814 Airport Boulevard Los Angeles, CA 4
    • 3 beds 1 baths ∙ 1,516 Sqft ∙ Built 1949 3 beds 1 baths ∙ 1,516 Sqft ∙ Built 1949
    property image
    LEASED 09/25/20
    • Rent
    • Rent Per SQFT
    •  
    • $4,500
    • $2.97
    •  
  • 7024 Alverstone Westchester, CA 5
    • 3 beds 1 baths ∙ 1,464 Sqft ∙ Built 1951 3 beds 1 baths ∙ 1,464 Sqft ∙ Built 1951
    property image
    LEASED 01/13/21
    • Rent
    • Rent Per SQFT
    •  
    • $4,750
    • $3.24
    •  
PROPERTY LISTING DETAILS
Vivian Lesny
Keller Williams Silicon Beach
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: 21707862
Last Updated: 03/20/2021
BESbswy