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PROPERTY INFO
FACTS
- Single Family
- Built In 1929
- Price/Sqft : $489.94
- 3 Days on Market
- MLS # : TR20238695
- Updated Date : 11/14/2020 at 13:44
CONSTRUCTION
- Beds : 4
- Floor Size : 1,590 sqft
- Baths : 3 full
Listing Agent
Kw Vision
Listing Agent's Description
Come see this NEW Charming Tudor styled home in Los Angeles TODAY! 3D VIRTUAL TOUR AVAILABLE! This 3 bedroom, 2 bathroom in the main home with an additional detached 1 Bedroom and 1 Bathroom POTENTIAL ADU with full kitchen, living room, bedroom, and bathroom, features bright white walls, updated hardwood laminate flooring, radiant recessed lighting, antique brass finished kitchen and an open-concept. The kitchen and dining room, drenched with natural light, boast white shaker cabinets with antique brass hardware finishes, accompanied by brand new stainless steel appliances (dishwasher, and range+hood). Enjoy THREE BEDROOMS in the main home with one master suite bedroom that features a walk-in closet and its own PRIVATE BATHROOM with double sinks. Walkthrough the home into the hallway and you will find your laundry hookups for all your cleaning needs. Through the side door leading to the outside, you'll find a backyard big enough for any family function with an open porch. You will also be met with an additional detached guest home complete with its own partitioned: kitchen, living room, bathroom, and private room, with AC/HEAT that can be used as a guest house or a rentable room; the possibilities are endless. This home offers in each room its own personal AC/HEAT unit, a watchful neighborhood, front parking, and the list goes on. Come to see this home today - you won't want to miss it!
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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: Manchester Square
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Manchester Square
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $2,900 |
| EXPENSES | Loan Payment | -$2,874 |
| Property Tax | -$820 | |
| Property Insurance | -$65 | |
| Property Management Fees | -$142 | |
|
CASH FLOW
-$1,001
|
||
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.
$779,000
PROJECTED PRICE
$2,900
PROJECTED RENT
0.37%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 4.35% |
| Appreciation Year (1-5) | 12.8% |
| 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
$212,185
LOAN DETAILS
$2,874
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $194,750 |
| Loan Amount | $584,250 |
0.58
YEARS SAVED
$1,975
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$2,900
LIST RENT -
$1.82
LIST RENT PER SQFT
-
$3,116
COMP ESTIMATED VALUE -
$1.96
COMP AVG. RENT PER SQFT
Comps Range
-
7515 Brighton Avenue Los Angeles, CA 2
- 4 beds 3 baths ∙ 1,590 Sqft ∙ Built 1929 4 beds 3 baths ∙ 1,590 Sqft ∙ Built 1929
- Rent
- Rent Per SQFT
- $2,900
- $1.82
-
7718 Brighton Avenue Los Angeles, CA 1
- 3 beds 2 baths ∙ 1,552 Sqft ∙ Built 1939 3 beds 2 baths ∙ 1,552 Sqft ∙ Built 1939
LEASED 12/07/19- Rent
- Rent Per SQFT
- $2,700
- $1.74
-
1443 W 65th Place Los Angeles, CA 3
- 4 beds 2 baths ∙ 1,510 Sqft ∙ Built 1924 4 beds 2 baths ∙ 1,510 Sqft ∙ Built 1924
LEASED 12/21/19- Rent
- Rent Per SQFT
- $2,950
- $1.95
-
1839 W 89th Street Los Angeles, CA 4
- 3 beds 2 baths ∙ 1,436 Sqft ∙ Built 1939 3 beds 2 baths ∙ 1,436 Sqft ∙ Built 1939
LEASED 08/15/19- Rent
- Rent Per SQFT
- $3,000
- $2.09
-
2153 W 77th Street Los Angeles, CA 5
- 3 beds 2 baths ∙ 1,576 Sqft ∙ Built 1926 3 beds 2 baths ∙ 1,576 Sqft ∙ Built 1926
LEASED 12/17/19- Rent
- Rent Per SQFT
- $3,250
- $2.06
PROPERTY LISTING DETAILS
Kw Vision
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
MLS #: TR20238695
Last Updated: 11/14/2020
