The Calvin Report (v2)

Real Estate Investor & Developer Opportunities in Los Angeles

THIS IS AN ABSOLUTELY EXCELLENT OPPORTUNITY FOR INVESTORS READY TO MOVE. NOW!

Run your numbers and let me know if you would like me to write offers on any them.

 

THIS IS AN ABSOLUTELY EXCELLENT OPPORTUNITY FOR INVESTORS READY TO MOVE. NOW!

Run your numbers and let me know if you would like me to write offers on any them.

1524 S SPAULDING AVE, LOS ANGELES CA 90019

3 Beds / 1 Bath / 1,367 SF /  9,328 SF Lot / DOM: 8

ASKING: $1,199,900


Sales Comparison Analysis-  1524 S SPAULDING AVE, LOS ANGELES CA 90019          
Building sq footage +/- 15%                  
1/2 mile radius, sold within 3 mos                
6/20/19                  
                   
 
 
               
                   
                   
  SUBJECT PROPERTY A B     1524 S SPAULDING      
Source Zoned: LAR Zoned: LAR3 Zoned: LAR2 Zoned: LAR1     Est. ARV (@ $846 Per SF)  $      1,664,082 This is the lowest $/SF for comps used;the average is $896/SF
number 1524 1550 1438 1625     85% LTV  $       1,414,470  
Street Spauling Fai frax Carmona Stanley     Est. Interior rehab (@$65/SF)  $            88,855  
list price $1,199,900 $1,399,000 $1,299,000 $1,159,000     Est. Add *500 SF (@$225/SF)  $          112,500  
sold price   $1,505,000 $1,525,000 $1,300,000     Est. Exterior Rehab  $            20,000  
sold price to list price - 107.6% 117.4% 112.2%     Est. Holding Costs  $            60,000  
list date 6/7/19 2/11/19 1/10/19 5/14/19     Est. Closing (Comm @ 5%)  $            83,204  
sold date   5/1/19 5/17/19 6/18/19     Est. Maximum Offer  $      1,049,911  
days to accepted offer   79 127 35            
square footage 1367 1578 1802 1578          
price/square foot $877.76 $953.74 $846.28 $823.83          
lot square footage 9328 6886 5716 5456          
remodeled? major fixer/cash only remodeled remocdeled remodeled          
view? no no no no          
pool? no no no no          
Heat central/gas central central central          
Central Air no yes no central          
Year Built 1928 1927 1931 1927          
Bedrooms/Baths 3b/1b 3B/2B 4b/3b 3b/2b          
Adjustments                  
Pool   $0 $0 $0          
View   $0 $0 $0          
Sale Date Adjustment   $1,520,050 $1,540,250 $1,313,000          
Location   $0 $0 $0          
bldg square footage variance/sq. ft.   -211 -224 224          
bldg square footage variance @ $75/SF   -$15,825 -$16,800 $16,800          
lot square footage variance/sq. ft.   2,442 1,170 260          
lot square footage variance @ $20/SF   $48,840 $23,400 $5,200          
                   
adjusted price @   $1,553,065 $1,546,850 $1,335,000          
adjusted price/SF   $984.20 $858.41 $846.01          
                   
Avg Price Per SF of Updated/Renovated Homes/New Build $896                
                   
                   
 
                 
                   
                   
                   
                   
                   
                   

Thank you,
Robyn

--


--

Leave a Reply

Your email address will not be published. Required fields are marked *