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722 Fremont Villas Los Angeles, CA 90042

3 Beds 3 Baths 1,703 sqft Built 1980

$699,000

List Price

$3,480

$3.2K - $3.7K

Rent Est.

PROPERTY INFO

80% chance this property will be sold within the next 20 days HOT INVESTMENT
November 17, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1980
  • Price/Sqft : $410.45
  • 7 Days on Market
  • MLS # : P1-2321
  • Updated Date : 11/17/2020 at 16:29
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,703 sqft
  • Baths : 2 full , 1 half
Listing Agent

Teamprovident, Inc.

Listing Agent's Description

Secluded in a Mediterranean-themed hilltop village, this refined 3BR 2 1/2BA end unit townhouse in elite Fremont Villas offers the ultimate in privacy and serenity. This lovely unit offers a traditional layout with a back yard. A formal entry greets guests on the ground floor. The oversize living room opens to a large balcony and features expansive views. A wonderful, formal dining room opens to the private backyard. The beautifully remodeled kitchen opens to the backyard as well. Upstairs, you'll find an indulgent master suite with a cavernous walk-in closet and its own spa-style bathroom with separate dressing area, as well as two spacious secondary bedrooms and a secondary bathroom. A large bonus area behind the oversize two-car garage offers voluminous storage. HOA amenities include a shimmering pool, spa, and a sun deck. This peaceful, secluded location is just minutes from Downtown L.A., the USC Health /Sciences Campus, and Old Town Pasadena. Video Tour: https://vimeo.com/480067591/44a941b5f8 3D Tour: https://my.matterport.com/show/?m=7NodgpyK99V&mls=1

SEE MORE

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: Monterey Hills

NeighborhoodNIR Market*CityMarket2010Year20002019200k250k300k350k400k450k500k550k600k650k700kPrice in $163k725k

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

Neighborhood: Monterey Hills

NeighborhoodNIR Market*CityMarket2010Year2000 Q42019 Q2160018002000220024002600280030003200Rent in $15963316

* 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
Bushnell Way Elementary School Primary Regular 343 16 2
Luther Burbank Middle School Middle Regular 883 36 5
Benjamin Franklin High School High Regular 1,460 56 6

Bushnell Way Elementary School

  • Education Level: Primary
  • # of students: 343
  • # of teachers: 16
2
GreatSchools Rating

Luther Burbank Middle School

  • Education Level: Middle
  • # of students: 883
  • # of teachers: 36
5
GreatSchools Rating

Benjamin Franklin High School

  • Education Level: High
  • # of students: 1,460
  • # of teachers: 56
6
GreatSchools Rating
 

$629,100$768,900$699,000

PURCHASE PRICE

$3,132$3,828$3,480

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,480
EXPENSES Loan Payment -$2,579
Property Tax -$713
Property Insurance -$68
HOA -$538
Property Management Fees -$171
CASH FLOW
-$589

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.

$699,000

PROJECTED PRICE

$3,480

PROJECTED RENT

0.50%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.48%
Appreciation Year (1-5) 12.7%
Maintenance Year (1-5) 8.00%
Vacancy 4.69%
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

PROJECTED ANNUAL CASH FLOW

11530-$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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$190,985

INVESTMENT

$190,985

Down Payment
$174,750
Rehab Estimate
$5,750
Closing Costs
$10,485

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,579

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $174,750
Loan Amount $524,250
See What Happens When You Reinvest Cash Flow

2

YEARS SAVED

$10,805

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,480

    LIST RENT
  • $2.04

    LIST RENT PER SQFT
  • $3,657

    COMP ESTIMATED VALUE
  • $2.15

    COMP AVG. RENT PER SQFT
Comps Range
$2,900
1$2,9002$3,0003$3,4804$4,5005$4,600
$4,600
RENT COMPS ANALYSIS
  • 722 Fremont Villas Los Angeles, CA 3
    • 3 beds 3 baths ∙ 1,703 Sqft ∙ Built 1980 3 beds 3 baths ∙ 1,703 Sqft ∙ Built 1980
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $3,480
    • $2.04
    •  
  • 4041 Via Marisol Los Angeles, CA 1
    • 3 beds 2 baths ∙ 1,500 Sqft ∙ Built 1982 3 beds 2 baths ∙ 1,500 Sqft ∙ Built 1982
    property image
    LEASED 10/06/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,900
    • $1.93
    •  
  • 4225 Via Arbolada Los Angeles, CA 2
    • 3 beds 2 baths ∙ 1,466 Sqft ∙ Built 1983 3 beds 2 baths ∙ 1,466 Sqft ∙ Built 1983
    property image
    LEASED 05/29/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,000
    • $2.05
    •  
  • 220 Camino Del Sol South Pasadena, CA 4
    • 3 beds 3 baths ∙ 1,896 Sqft ∙ Built 1965 3 beds 3 baths ∙ 1,896 Sqft ∙ Built 1965
    property image
    LEASED 06/19/20
    • Rent
    • Rent Per SQFT
    •  
    • $4,500
    • $2.37
    •  
  • 213 Los Laureles Street South Pasadena, CA 5
    • 3 beds 2 baths ∙ 2,050 Sqft ∙ Built 1966 3 beds 2 baths ∙ 2,050 Sqft ∙ Built 1966
    property image
    LEASED 06/29/20
    • Rent
    • Rent Per SQFT
    •  
    • $4,600
    • $2.24
    •  
PROPERTY LISTING DETAILS
Hans Hagenmayer
Teamprovident, Inc.
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: P1-2321
Last Updated: 11/17/2020
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