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8925 S Flower Street Los Angeles, CA 90003

3 Beds 3 Baths 1,904 sqft Built 2006

$600,000

List Price

$2,960

$2.7K - $3.2K

Rent Est.

PROPERTY INFO

February 06, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2006
  • Price/Sqft : $315.13
  • 3 Days on Market
  • MLS # : CV21024303
  • Updated Date : 02/05/2021 at 22:07
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,904 sqft
  • Baths : 3 full
Listing Agent

The Ivri Group, Inc.

Listing Agent's Description

COME SEE FOR YOURSELF!!! WONDERFUL two story property located in the fabulous city of South Los Angeles, ready for a new family! Super easy access to the 110 and 105 freeways located just minutes away!! Centered near many grocery stores, gas stations, restaurants and public facilities! LAX Airport is only a 20 minute drive! The property has a very spacious backyard with artificial grass for children to play and perfect for patio events! Wide streets for plenty of parking space, as well as room in the drive way for multiple cars! Bedrooms are very roomy and the bathrooms are clean and well maintained! Its the perfect area to live in!! THIS PROPERTY WON'T LAST LONG! COME SEE YOUR NEW HOME TODAY!

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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: Vermont Vista

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450k500k550k600k650k700kPrice in $133k725k

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

Neighborhood: Vermont Vista

NeighborhoodNIR Market*CityMarket2010Year2000 Q42019 Q218002000220024002600280030003200Rent in $17073316

* 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
Danny J Bakewell Sr Primary Center Primary Regular 233 9 NA
Bret Harte Preparatory Middle School Middle Regular 779 40 1
Bret Harte Preparatory Middle School Middle Unknown NA

Danny J Bakewell Sr Primary Center

  • Education Level: Primary
  • # of students: 233
  • # of teachers: 9
NA
GreatSchools Rating

Bret Harte Preparatory Middle School

  • Education Level: Middle
  • # of students: 779
  • # of teachers: 40
1
GreatSchools Rating

Bret Harte Preparatory Middle School

  • Education Level: Middle
  • # of students:
  • # of teachers:
NA
GreatSchools Rating
 

$540,000$660,000$600,000

PURCHASE PRICE

$2,664$3,256$2,960

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,960
EXPENSES Loan Payment -$2,084
Property Tax -$632
Property Insurance -$73
Property Management Fees -$145
CASH FLOW
$27

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.

$600,000

PROJECTED PRICE

$2,960

PROJECTED RENT

0.49%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.35%
Appreciation Year (1-5) 12.2%
Maintenance Year (1-5) 8.00%
Vacancy 4.14%
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

PROJECTED ANNUAL CASH FLOW

11530$0.0$5.0k$10k$15k$20k$25k$30k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$500k$1.0M$1.5M$2.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$164,750

INVESTMENT

$164,750

Down Payment
$150,000
Rehab Estimate
$5,750
Closing Costs
$9,000

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 45% down payment or higher enables the proceeds from the asset to cover all costs.

$2,084

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $150,000
Loan Amount $450,000
See What Happens When You Reinvest Cash Flow

6.67

YEARS SAVED

$50,028

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,960

    LIST RENT
  • $1.55

    LIST RENT PER SQFT
  • $3,142

    COMP ESTIMATED VALUE
  • $1.65

    COMP AVG. RENT PER SQFT
Comps Range
$2,960
1$2,9602$3,300
$3,300
RENT COMPS ANALYSIS
  • 8925 S Flower Street Los Angeles, CA 1
    • 3 beds 3 baths ∙ 1,904 Sqft ∙ Built 2006 3 beds 3 baths ∙ 1,904 Sqft ∙ Built 2006
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,960
    • $1.55
    •  
  • 629 W 83rd Street Los Angeles, CA 2
    • 4 beds 3 baths ∙ 2,000 Sqft ∙ Built 2018 4 beds 3 baths ∙ 2,000 Sqft ∙ Built 2018
    property image
    LEASED 01/28/21
    • Rent
    • Rent Per SQFT
    •  
    • $3,300
    • $1.65
    •  
PROPERTY LISTING DETAILS
Juan Lopez
The Ivri Group, Inc.
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: CV21024303
Last Updated: 02/05/2021
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