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6334 Arlington Avenue Los Angeles, CA 90043

4 Beds 3 Baths 2,106 sqft Built 1931

$799,000

List Price

$3,150

$2.9K - $3.4K

Rent Est.

PROPERTY INFO

February 06, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1931
  • Price/Sqft : $379.39
  • 3 Days on Market
  • MLS # : 21689448
  • Updated Date : 02/05/2021 at 22:01
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,106 sqft
  • Baths : 3 full
Listing Agent

Vista Sotheby's International Realty

Listing Agent's Description

The possibilities are endless with this Spanish Revival 4-Bedroom one-of-a-kind home! Located in a beautiful tree-lined street in the sought-after Park Mesa Heights area of South Los Angeles. This home has so many great attributes, eagerly awaiting your creative ideas to transform and upgrade into a luxury home! Street-to-alley lot with a great foot-print commensurate to the size of the lot (40 x 120). The original front portion of the home was built in the early 30s of solid construction and a great flow with three bedrooms in the main house and a great stylized entryway and living room typical of that era. Generously sized galley kitchen with separate breakfast dining area. Hardwood flooring throughout. The rear permitted addition of the home has a separate quarter with an additional kitchen and den with an upstairs permitted 4th Master Bedroom & Bath en-suite. Detached 2-car garage with easy access from a wide alley. Perhaps convert the garage to an ADU, with plenty of yard area to re-create your amazing landscape or hardscape. Great shopping such as the Culver City Westfield Mall 15 minutes away. Great Parks and amenities! This is a rare find!

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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: 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
 

$719,100$878,900$799,000

PURCHASE PRICE

$2,835$3,465$3,150

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,150
EXPENSES Loan Payment -$2,775
Property Tax -$841
Property Insurance -$78
Property Management Fees -$154
CASH FLOW
-$698

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.

$799,000

PROJECTED PRICE

$3,150

PROJECTED RENT

0.39%

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$3.0M

PROJECTED ANNUAL CASH FLOW

11530-$15k-$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$2.5M$3.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$217,485

INVESTMENT

$217,485

Down Payment
$199,750
Rehab Estimate
$5,750
Closing Costs
$11,985

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 60% down payment or higher enables the proceeds from the asset to cover all costs.

$2,775

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $199,750
Loan Amount $599,250
See What Happens When You Reinvest Cash Flow

1.75

YEARS SAVED

$9,113

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,150

    LIST RENT
  • $1.5

    LIST RENT PER SQFT
  • $3,033

    COMP ESTIMATED VALUE
  • $1.44

    COMP AVG. RENT PER SQFT
Comps Range
$2,650
1$2,6502$3,1503$3,350
$3,350
RENT COMPS ANALYSIS
  • 6334 Arlington Avenue Los Angeles, CA 2
    • 4 beds 3 baths ∙ 2,106 Sqft ∙ Built 1931 4 beds 3 baths ∙ 2,106 Sqft ∙ Built 1931
    • Rent
    • Rent Per SQFT
    •  
    • $3,150
    • $1.50
    •  
  • 1824 W 69th Street Los Angeles, CA 1
    • 3 beds 2 baths ∙ 1,998 Sqft ∙ Built 1932 3 beds 2 baths ∙ 1,998 Sqft ∙ Built 1932
    LEASED 12/03/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,650
    • $1.33
    •  
  • 4037 W 63rd Street Los Angeles, CA 3
    • 4 beds 3 baths ∙ 2,156 Sqft ∙ Built 1921 4 beds 3 baths ∙ 2,156 Sqft ∙ Built 1921
    LEASED 07/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,350
    • $1.55
    •  
PROPERTY LISTING DETAILS
Marco Pirozzolo
Vista Sotheby's International Realty
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: 21689448
Last Updated: 02/05/2021
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