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8555 Cashio Street #202 Los Angeles, CA 90035

3 Beds 3 Baths 2,117 sqft Built 2004

$1,079,000

List Price

$4,100

$3.9K - $4.4K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
July 13, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2004
  • Price/Sqft : $509.68
  • 2 Days on Market
  • MLS # : 21757372
  • Updated Date : 07/12/2021 at 22:05
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,117 sqft
  • Baths : 2 full , 1 half
Listing Agent

Trimax Realty, Inc.

Listing Agent's Description

Welcome home to your luxurious Pico-Robertson condo! This unique unit is over 2,100 sf. Features a large open floor plan, 3 spacious bedrooms, 2.5 baths, & a bonus office/study/library w/ a glass partitioned wall & a custom Murphy bed. Amenities inc. beautiful & durable NEW laminate floors, 2 gas fireplaces, LED recessed lighting, & balcony. In-unit washer/dryer. Kosher Kitchen features stainless steel appliances, dual dishwashers, dual sinks (w disposals) & a separate washing station. Beautiful wood cabinets w/ granite countertops. Bedrooms are located privately down stairs. The Master Bed suite has large walk-in closet, fireplace, & gorgeous travertine bathroom inc. separate bathtub, shower & his/her sinks. Other 2 large beds have full-wall closets & share a bathroom (dual sinks). Brand new flooring, fixtures, new paint, & well maintained HVAC. Buildings roof deck offers views of LA & children can play in secured paved patio/garden behind unit. Great Location w/ easy walk to to House of Worship, Markets, & Pico Restaurants

SEE MORE

MARKET HIGHLIGHTS

  • As part of Southern California area, Los Angeles market inherits all the benefits from the area.
  • Southern California's economy is worth $1.58 trillion in Gross Metro Product and projected to grow to $1.67 trillion (USMayors.org, 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 has 58.7% labor force participation rate; within this area, Los Angeles metro has 62.3% labor force participation rate (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)
  • 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]

PRICE & RENT TRENDS

Neighborhood: South Robertson

NeighborhoodNIR Market*CityMarket2010Year20002019200k300k400k500k600k700k800k900k1000k1100k1200k1300kPrice in $199k1399k

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

Neighborhood: South Robertson

NeighborhoodNIR Market*CityMarket2010Year2000 Q42019 Q220002500300035004000450050005500Rent in $17845975

* 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
Crescent Heights Boulevard Elementary School Primary Alternative 377 17 4
Daniel Webster Middle School Middle Regular 454 30 3
Alexander Hamilton Senior High School High Magnet 2,941 121 6

Crescent Heights Boulevard Elementary School

  • Education Level: Primary
  • # of students: 377
  • # of teachers: 17
4
GreatSchools Rating

Daniel Webster Middle School

  • Education Level: Middle
  • # of students: 454
  • # of teachers: 30
3
GreatSchools Rating

Alexander Hamilton Senior High School

  • Education Level: High
  • # of students: 2,941
  • # of teachers: 121
6
GreatSchools Rating
 

$971,100$1,186,900$1,079,000

PURCHASE PRICE

$3,690$4,510$4,100

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $4,100
EXPENSES Loan Payment -$3,748
Property Tax -$1,087
Property Insurance -$78
HOA -$473
Property Management Fees -$201
CASH FLOW
-$1,486

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.

$1,079,000

PROJECTED PRICE

$4,100

PROJECTED RENT

0.38%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.56%
Appreciation Year (1-5) 8.8%
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$500k$1.0M$1.5M$2.0M$2.5M$3.0M$3.5M

PROJECTED ANNUAL CASH FLOW

11530-$25k-$20k-$15k-$10k-$5.0k$0.0$5.0k$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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$291,685

INVESTMENT

$291,685

Down Payment
$269,750
Rehab Estimate
$5,750
Closing Costs
$16,185

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$3,748

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $269,750
Loan Amount $809,250
See What Happens When You Reinvest Cash Flow

0.25

YEARS SAVED

$325

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $4,100

    LIST RENT
  • $1.94

    LIST RENT PER SQFT
  • $4,763

    COMP ESTIMATED VALUE
  • $2.25

    COMP AVG. RENT PER SQFT
Comps Range
$4,100
1$4,1002$4,5003$4,500
$4,500
RENT COMPS ANALYSIS
  • 8555 Cashio Street Los Angeles, CA 1
    • 3 beds 3 baths ∙ 2,117 Sqft ∙ Built 2004 3 beds 3 baths ∙ 2,117 Sqft ∙ Built 2004
    • Rent
    • Rent Per SQFT
    •  
    • $4,100
    • $1.94
    •  
  • 1529 S Beverly Drive Los Angeles, CA 2
    • 3 beds 4 baths ∙ 2,000 Sqft ∙ Built 2008 3 beds 4 baths ∙ 2,000 Sqft ∙ Built 2008
    LEASED 02/12/21
    • Rent
    • Rent Per SQFT
    •  
    • $4,500
    • $2.25
    •  
  • 1050 S Holt Avenue Los Angeles, CA 3
    • 3 beds 4 baths ∙ 2,000 Sqft ∙ Built 2010 3 beds 4 baths ∙ 2,000 Sqft ∙ Built 2010
    LEASED 12/18/20
    • Rent
    • Rent Per SQFT
    •  
    • $4,500
    • $2.25
    •  
PROPERTY LISTING DETAILS
Fred Nabati
Trimax Realty, Inc.
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: 21757372
Last Updated: 07/12/2021
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