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836 N Mccadden Place Los Angeles, CA 90038

3 Beds 3 Baths 1,722 sqft Built 2021

$1,369,000

List Price

$4,320

$4.1K - $4.6K

Rent Est.

PROPERTY INFO

Built 2021 NEW CONSTRUCTION
February 09, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2021
  • Price/Sqft : $795.01
  • 6 Days on Market
  • MLS # : 21691060
  • Updated Date : 02/11/2021 at 22:47
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,722 sqft
  • Baths : 3 full
Listing Agent

Keller Williams Realty Los Feliz

Listing Agent's Description

Introducing The McCadden Collection, an intimate assemblage of 4 new architectural Single-Family Homes in Hancock Park near the Hollywood Media District. Gated and built impeccably with all custom floor plans featuring high-end designer finishes boasting French Oak hardwood floors, Italian porcelain tiles and incredible cook's kitchen with custom cabinetry and large eat-in center islands. Oversized windows and skylights provide abundant natural light and designed meticulously to entertain on a grand scale. Large outdoor patio off the living room and Primary provide picture-perfect views of the city and mountains. 2 car garage with direct entry. A symphony of style, warmth and high end new construction in an unparalleled experience. Steps to Rao's, Osteria Mozza, Chi Spacca and more.

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: Greater Wilshire

NeighborhoodNIR Market*CityMarket2010Year20002019200k400k600k800k1000k1200k1400k1600kPrice in $199k1717k

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

Neighborhood: Greater Wilshire

NeighborhoodNIR Market*CityMarket2010Year2000 Q42019 Q220002500300035004000450050005500Rent in $17845646

* 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
Hubert Howe Bancroft Middle School Middle Regular 834 33 3
Fairfax Senior High School High Regular 2,101 83 6

Hubert Howe Bancroft Middle School

  • Education Level: Middle
  • # of students: 834
  • # of teachers: 33
3
GreatSchools Rating

Fairfax Senior High School

  • Education Level: High
  • # of students: 2,101
  • # of teachers: 83
6
GreatSchools Rating
 

$1,232,100$1,505,900$1,369,000

PURCHASE PRICE

$3,888$4,752$4,320

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $4,320
EXPENSES Loan Payment -$4,755
Property Tax -$1,379
Property Insurance -$68
Property Management Fees -$212
CASH FLOW
-$2,094

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 8% of earned rent to cover both maintenance and periods of vacancy.

$1,369,000

PROJECTED PRICE

$4,320

PROJECTED RENT

0.32%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.56%
Appreciation Year (1-5) 7.4%
Maintenance Year (1-5) 3.00%
Vacancy 5.05%
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$3.0M$3.5M$4.0M

PROJECTED ANNUAL CASH FLOW

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$500k$1.0M$1.5M$2.0M$2.5M$3.0M$3.5M$4.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$364,785

INVESTMENT

$364,785

Down Payment
$342,250
Rehab Estimate
$2,000
Closing Costs
$20,535

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$4,755

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $342,250
Loan Amount $1,026,750
See What Happens When You Reinvest Cash Flow

0.17

YEARS SAVED

$132

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $4,320

    LIST RENT
  • $2.51

    LIST RENT PER SQFT
  • $4,098

    COMP ESTIMATED VALUE
  • $2.38

    COMP AVG. RENT PER SQFT
Comps Range
$3,650
1$3,6502$3,8953$4,0004$4,3205$4,595
$4,595
RENT COMPS ANALYSIS
  • 836 N Mccadden Place Los Angeles, CA 4
    • 3 beds 3 baths ∙ 1,722 Sqft ∙ Built 2021 3 beds 3 baths ∙ 1,722 Sqft ∙ Built 2021
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $4,320
    • $2.51
    •  
  • 201 N Manhattan Place Los Angeles, CA 1
    • 3 beds 2 baths ∙ 1,610 Sqft ∙ Built 2008 3 beds 2 baths ∙ 1,610 Sqft ∙ Built 2008
    property image
    LEASED 12/05/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,650
    • $2.27
    •  
  • 905 Wilcox Avenue Los Angeles, CA 2
    • 3 beds 2 baths ∙ 1,565 Sqft ∙ Built 2018 3 beds 2 baths ∙ 1,565 Sqft ∙ Built 2018
    property image
    LEASED 01/26/21
    • Rent
    • Rent Per SQFT
    •  
    • $3,895
    • $2.49
    •  
  • 6032 Romaine Street Los Angeles, CA 3
    • 4 beds 3 baths ∙ 1,700 Sqft ∙ Built 2019 4 beds 3 baths ∙ 1,700 Sqft ∙ Built 2019
    property image
    LEASED 01/23/21
    • Rent
    • Rent Per SQFT
    •  
    • $4,000
    • $2.35
    •  
  • 6226 Lexington Avenue Los Angeles, CA 5
    • 3 beds 4 baths ∙ 1,906 Sqft ∙ Built 2019 3 beds 4 baths ∙ 1,906 Sqft ∙ Built 2019
    property image
    LEASED 12/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $4,595
    • $2.41
    •  
PROPERTY LISTING DETAILS
Grant Linscott
Keller Williams Realty Los Feliz
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: 21691060
Last Updated: 02/11/2021
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