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6649 Bedford Avenue Los Angeles, CA 90056

3 Beds 3 Baths 2,567 sqft Built 1973

$1,300,000

List Price

$5,390

$5.1K - $5.6K

Rent Est.

PROPERTY INFO

January 05, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1973
  • Price/Sqft : $506.43
  • 7 Days on Market
  • MLS # : 21675336
  • Updated Date : 01/08/2021 at 06:05
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,567 sqft
  • Baths : 2 full , 1 half
Listing Agent

Orion Real Estate

Listing Agent's Description

Welcome to the gorgeous and prime neighborhood of Ladera Heights! Terrific floor plan with a beautiful entrance opening into an entry hallway then a spacious living room and formal dining room with hardwood floors throughout. Large open kitchen area connecting into the family room and overlooking the large patio and amazing inground pool and spa retreat. Master suite with grand bath and storage space galore!! Beautifully landscaped private yard great for entertaining with inground pool and spa and ample patio space for any gathering. Three car garage with direct access to the home. Close proximity to Playa Vista, shopping, dining, LAX, and parks. Great curb appeal! With some TLC this lovely home can be your next dream home!

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: Ladera Heights

NeighborhoodNIR Market*CityMarket2010Year20002019200k300k400k500k600k700k800k900k1000k1100k1200k1300kPrice in $199k1373k

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

Neighborhood: Ladera Heights

NeighborhoodNIR Market*CityMarket2010Year2000 Q42019 Q22000250030003500400045005000Rent in $17845404

* 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
La Tijera K-8 Charter School Academy Of Excellence Primary Regular 717 31 4
Frank D. Parent Traditional Elementary School Middle Regular 634 27 3
Inglewood High School High Regular 1,207 56 3

La Tijera K-8 Charter School Academy Of Excellence

  • Education Level: Primary
  • # of students: 717
  • # of teachers: 31
4
GreatSchools Rating

Frank D. Parent Traditional Elementary School

  • Education Level: Middle
  • # of students: 634
  • # of teachers: 27
3
GreatSchools Rating

Inglewood High School

  • Education Level: High
  • # of students: 1,207
  • # of teachers: 56
3
GreatSchools Rating
 

$1,170,000$1,430,000$1,300,000

PURCHASE PRICE

$4,851$5,929$5,390

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $5,390
EXPENSES Loan Payment -$4,515
Property Tax -$1,327
Property Insurance -$89
Property Management Fees -$264
CASH FLOW
-$805

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.

$1,300,000

PROJECTED PRICE

$5,390

PROJECTED RENT

0.41%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.56%
Appreciation Year (1-5) 10.0%
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$1.0M$2.0M$3.0M$4.0M

PROJECTED ANNUAL CASH FLOW

11530-$20k-$10k$0.0$10k$20k$30k$40k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$1.0M$2.0M$3.0M$4.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$350,250

INVESTMENT

$350,250

Down Payment
$325,000
Rehab Estimate
$5,750
Closing Costs
$19,500

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$4,515

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $325,000
Loan Amount $975,000
See What Happens When You Reinvest Cash Flow

3.17

YEARS SAVED

$33,388

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $5,390

    LIST RENT
  • $2.1

    LIST RENT PER SQFT
  • $5,596

    COMP ESTIMATED VALUE
  • $2.18

    COMP AVG. RENT PER SQFT
Comps Range
$4,850
1$4,8502$5,390
$5,390
RENT COMPS ANALYSIS
  • 6649 Bedford Avenue Los Angeles, CA 2
    • 3 beds 3 baths ∙ 2,567 Sqft ∙ Built 1973 3 beds 3 baths ∙ 2,567 Sqft ∙ Built 1973
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $5,390
    • $2.10
    •  
  • 5241 W Goldenwood Drive Ladera Heights, CA 1
    • 4 beds 3 baths ∙ 2,226 Sqft ∙ Built 1986 4 beds 3 baths ∙ 2,226 Sqft ∙ Built 1986
    property image
    LEASED 05/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $4,850
    • $2.18
    •  
PROPERTY LISTING DETAILS
E.j. Hawkins
Orion Real Estate
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: 21675336
Last Updated: 01/08/2021
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