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
REQUEST INFO
SCHEDULE APPOINTMENT
It's free, with no obligation
PROPERTY INFO
FACTS
- Single Family
- Built In 1922
- Price/Sqft : $454.14
- 6 Days on Market
- MLS # : 21676196
- Updated Date : 01/05/2021 at 16:57
CONSTRUCTION
- Beds : 3
- Floor Size : 1,112 sqft
- Baths : 1 full
Listing Agent
Keller Williams Realty Los Feliz
Listing Agent's Description
Perfect starter home near by the multi Billion dollar SOFI Stadium and adjacent to the Multi Million dollar estates in View Park and Ladera Heights. Lowest price in the area with 3 full bedrooms and 1 bath with front yard and rear yard. Coverd patio/porch and car port with a Spanish style exterior with over 1000 sq ft of living space. Metro rail being built near by for easy access to anywhere in the greater city such as LAX, Union Station, USC/Downtown, the shores Long Beach & Santa Monica, Pasadena, the Valleys San Fernando & San Gabriel.
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: Hyde Park
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Hyde Park
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $2,430 |
| EXPENSES | Loan Payment | -$1,754 |
| Property Tax | -$532 | |
| Property Insurance | -$54 | |
| Property Management Fees | -$119 | |
|
CASH FLOW
-$29
|
||
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.
$505,000
PROJECTED PRICE
$2,430
PROJECTED RENT
0.48%
PROJECTED RENT / PRICE RATIO
| 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
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$139,575
LOAN DETAILS
$1,754
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $126,250 |
| Loan Amount | $378,750 |
6.25
YEARS SAVED
$36,646
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$2,430
LIST RENT -
$2.19
LIST RENT PER SQFT
-
$2,146
COMP ESTIMATED VALUE -
$1.93
COMP AVG. RENT PER SQFT
Comps Range
-
6427 7th Avenue Los Angeles, CA 1
- 3 beds 1 baths ∙ 1,112 Sqft ∙ Built 1922 3 beds 1 baths ∙ 1,112 Sqft ∙ Built 1922
![property image]()
- Rent
- Rent Per SQFT
- $2,430
- $2.19
-
1300 W 69th Street Los Angeles, CA 2
- 3 beds 1 baths ∙ 1,262 Sqft ∙ Built 1921 3 beds 1 baths ∙ 1,262 Sqft ∙ Built 1921
![property image]()
LEASED 10/24/19- Rent
- Rent Per SQFT
- $2,500
- $1.98
-
2140 W 84th Street Los Angeles, CA 3
- 3 beds 1 baths ∙ 1,386 Sqft ∙ Built 1927 3 beds 1 baths ∙ 1,386 Sqft ∙ Built 1927
![property image]()
LEASED 11/23/19- Rent
- Rent Per SQFT
- $2,600
- $1.88
PROPERTY LISTING DETAILS
Keller Williams Realty Los Feliz
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
MLS #: 21676196
Last Updated: 01/05/2021
