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7275 W 90th Street Los Angeles, CA 90045

4 Beds 2 Baths 2,112 sqft Built 1952

$1,479,000

List Price

$5,270

$5K - $5.5K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
FACTS
  • Single Family
  • Built In 1952
  • Price/Sqft : $700.28
  • 24 Days on Market
  • MLS # : SR21035439
  • Updated Date : 03/11/2021 at 08:02
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,112 sqft
  • Baths : 2 full
Listing Agent

Keller Williams Encino-sherman Oaks

Listing Agent's Description

Gorgeous Home on a Tree Lined Street in Westchester! Welcome home to this stylistically renovated 2112 sq ft house, featuring 4 bed, 2 bath with a bonus office room. Enter to find wide wood plank floors underneath gorgeous wood paneled ceilings and perfected accented by crisp white walls throughout. Modern light fixtures accent an open floorplan with two living areas and a wet bar, making entertaining a breeze. The newly renovated kitchen is ready for the contemporary chef to cook those delicious staples with stainless steel less then a year old appliances, new cabinetry, travertine style backsplash and tons of storage and counter space. Down the hall, four spacious bedroom boast large closets and a large family room, that leads to the backyard with TREX deck and mature foliage. Addition bonus room is currently being used as a home office. The master suite features built in cabinetry and is just steps from a stunning glass shower affixed with hexagon tile. Sliding glass doors from the bedroom leads to the atrium. Additional amenities include Sound Proof windows, tankless water heater and new furnace. Located close to schools, parks, golf course, LAX and major freeways!

SEE MORE

MARKET HIGHLIGHTS

  • Southern California area contributes to 55.3% of California state economy i.e. Gross State Product (USMayors.org, 2018)
  • As part of Southern California area, Los Angeles market inherits all the benefits from the area.
  • 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]
  • 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)
  • 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)

PRICE & RENT TRENDS

Neighborhood: Playa del Rey

NeighborhoodNIR Market*CityMarket2010Year20002019200k300k400k500k600k700k800k900k1000kPrice in $199k1030k

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

Neighborhood: Playa del Rey

NeighborhoodNIR Market*CityMarket2010Year2000 Q42019 Q220002500300035004000450050005500Rent in $17845735

* 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
Loyola Village Elementary Fine-performing Arts Magnet Primary Regular 394 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

Loyola Village Elementary Fine-performing Arts Magnet

  • Education Level: Primary
  • # of students: 394
  • # 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
 

$1,331,100$1,626,900$1,479,000

PURCHASE PRICE

$4,743$5,797$5,270

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $5,270
EXPENSES Loan Payment -$5,137
Property Tax -$1,517
Property Insurance -$78
Property Management Fees -$258
CASH FLOW
-$1,720

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.

$1,479,000

PROJECTED PRICE

$5,270

PROJECTED RENT

0.36%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.56%
Appreciation Year (1-5) 9.4%
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$1.0M$2.0M$3.0M$4.0M$5.0M

PROJECTED ANNUAL CASH FLOW

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$1.0M$2.0M$3.0M$4.0M$5.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$397,685

INVESTMENT

$397,685

Down Payment
$369,750
Rehab Estimate
$5,750
Closing Costs
$22,185

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 65% down payment or higher enables the proceeds from the asset to cover all costs.

$5,137

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $369,750
Loan Amount $1,109,250
See What Happens When You Reinvest Cash Flow

0.67

YEARS SAVED

$3,907

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $5,270

    LIST RENT
  • $2.5

    LIST RENT PER SQFT
  • $5,287

    COMP ESTIMATED VALUE
  • $2.5

    COMP AVG. RENT PER SQFT
Comps Range
$4,700
1$4,7002$4,7503$4,8004$5,270
$5,270
RENT COMPS ANALYSIS
  • 7275 W 90th Street Los Angeles, CA 4
    • 4 beds 2 baths ∙ 2,112 Sqft ∙ Built 1952 4 beds 2 baths ∙ 2,112 Sqft ∙ Built 1952
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $5,270
    • $2.50
    •  
  • 4707 La Villa Marina Marina Del Rey, CA 1
    • 3 beds 3 baths ∙ 1,932 Sqft ∙ Built 1966 3 beds 3 baths ∙ 1,932 Sqft ∙ Built 1966
    property image
    LEASED 12/07/20
    • Rent
    • Rent Per SQFT
    •  
    • $4,700
    • $2.43
    •  
  • 8344 Westlawn Avenue Los Angeles, CA 2
    • 3 beds 2 baths ∙ 1,784 Sqft ∙ Built 1944 3 beds 2 baths ∙ 1,784 Sqft ∙ Built 1944
    property image
    LEASED 03/05/21
    • Rent
    • Rent Per SQFT
    •  
    • $4,750
    • $2.66
    •  
  • 7942 Agnew Avenue Westchester, CA 3
    • 4 beds 3 baths ∙ 1,980 Sqft ∙ Built 1948 4 beds 3 baths ∙ 1,980 Sqft ∙ Built 1948
    property image
    LEASED 08/19/20
    • Rent
    • Rent Per SQFT
    •  
    • $4,800
    • $2.42
    •  
PROPERTY LISTING DETAILS
Gurpreet Sohi
Keller Williams Encino-sherman Oaks
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: SR21035439
Last Updated: 03/11/2021
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