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8156 Kenyon Avenue Los Angeles, CA 90045

4 Beds 2 Baths 1,705 sqft Built 1946

$1,495,000

List Price

$4,860

$4.6K - $5.1K

Rent Est.

PROPERTY INFO

January 28, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1946
  • Price/Sqft : $876.83
  • 5 Days on Market
  • MLS # : 21685764
  • Updated Date : 01/28/2021 at 11:11
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,705 sqft
  • Baths : 2 full
Listing Agent

Compass

Listing Agent's Description

This renovated Kentwood home boasts exceptional curb appeal & designer finishes throughout. An inviting front porch welcomes you into an elegant living room w/ hardwood floors, lovely bay window & cozy wood-burning fireplace. A chef's kitchen opens to the dining area & features stainless steel appliances, granite counters & ample cabinetry. There are 4 spacious bedrooms & 2 remodeled bathrooms, including a private master suite w/ a walk-in closet, soaker tub, & double vanity. The detached garage has recently been finished & can be used as addl office, gym & bonus space as equipped w/ a mini split HVAC system. The lush lawn & covered patio provide the perfect space for relaxing & entertaining. Add'l features include a laundry room, newly installed HVAC, Hardwood floors, recessed lighting & 2 sets of French doors leading to the backyard. This Westchester home offers the quality & location you've been waiting for! Welcome home to this coastal-inspired classic in the heart of Silicon Beach

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MARKET HIGHLIGHTS

  • 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)
  • 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)

PRICE & RENT TRENDS

Neighborhood: Westchester

NeighborhoodNIR Market*CityMarket2010Year20002019200k300k400k500k600k700k800k900k1000k1100kPrice in $199k1117k

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

Neighborhood: Westchester

NeighborhoodNIR Market*CityMarket2010Year2000 Q42019 Q21800200022002400260028003000320034003600380040004200Rent in $17844363

* 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
Kentwood Elementary School Primary Regular 381 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

Kentwood Elementary School

  • Education Level: Primary
  • # of students: 381
  • # 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
 

$1,345,500$1,644,500$1,495,000

PURCHASE PRICE

$4,374$5,346$4,860

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $4,860
EXPENSES Loan Payment -$5,193
Property Tax -$1,533
Property Insurance -$68
HOA -$20
Property Management Fees -$238
CASH FLOW
-$2,192

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.

$1,495,000

PROJECTED PRICE

$4,860

PROJECTED RENT

0.33%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.56%
Appreciation Year (1-5) 10.4%
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-$40k-$30k-$20k-$10k$0.0$10k

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$401,925

INVESTMENT

$401,925

Down Payment
$373,750
Rehab Estimate
$5,750
Closing Costs
$22,425

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 70% down payment or higher enables the proceeds from the asset to cover all costs.

$5,193

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $373,750
Loan Amount $1,121,250
See What Happens When You Reinvest Cash Flow

0.17

YEARS SAVED

$252

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $4,860

    LIST RENT
  • $2.85

    LIST RENT PER SQFT
  • $4,940

    COMP ESTIMATED VALUE
  • $2.9

    COMP AVG. RENT PER SQFT
Comps Range
$3,975
1$3,9752$4,5003$4,6504$4,7505$4,860
$4,860
RENT COMPS ANALYSIS
  • 8156 Kenyon Avenue Los Angeles, CA 5
    • 4 beds 2 baths ∙ 1,705 Sqft ∙ Built 1946 4 beds 2 baths ∙ 1,705 Sqft ∙ Built 1946
    • Rent
    • Rent Per SQFT
    •  
    • $4,860
    • $2.85
    •  
  • 8023 Altavan Avenue Los Angeles, CA 1
    • 3 beds 2 baths ∙ 1,378 Sqft ∙ Built 1948 3 beds 2 baths ∙ 1,378 Sqft ∙ Built 1948
    LEASED 11/24/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,975
    • $2.88
    •  
  • 7227 W 90th Street Westchester, CA 2
    • 3 beds 2 baths ∙ 1,745 Sqft ∙ Built 1952 3 beds 2 baths ∙ 1,745 Sqft ∙ Built 1952
    LEASED 01/26/21
    • Rent
    • Rent Per SQFT
    •  
    • $4,500
    • $2.58
    •  
  • 8121 Gonzaga Avenue Los Angeles, CA 3
    • 3 beds 1 baths ∙ 1,500 Sqft ∙ Built 1945 3 beds 1 baths ∙ 1,500 Sqft ∙ Built 1945
    LEASED 01/07/21
    • Rent
    • Rent Per SQFT
    •  
    • $4,650
    • $3.10
    •  
  • 7919 Beland Avenue Westchester, CA 4
    • 3 beds 1 baths ∙ 1,570 Sqft ∙ Built 1951 3 beds 1 baths ∙ 1,570 Sqft ∙ Built 1951
    LEASED 11/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $4,750
    • $3.03
    •  
PROPERTY LISTING DETAILS
Nancy Ross
Compass
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: 21685764
Last Updated: 01/28/2021
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