The Calvin Report (v1)

THE CALVIN REPORT:

Real Estate Investor & Developer Opportunities in Los Angeles

INVESTOR/DEVELOPER OPPORTUNITY ONLY 5 BLOCKS FROM LOYOLA MARYMOUNT UNIVERSITY (WESTCHESTER, CA 90045)

Please run your numbers and let me know if you would like to make an offer. Buyer is responsible for performing their own due diligence.

Don’t miss this opportunity. Located only 5 blocks from Loyola Marymount University in the Kentwood neighborhood of Westchester, this property offers a great opportunity to either renovate and expand or tear down and create anew. The area offers great upside. Layout includes detached two car garage and private backyard.
  • The assessor information is partly incorrect.
  • The property is a 3 bedroom and 1.5 bath. 
  • The floor plan is original and has hardwood oak floors.
  • Only cash offers considered. 
  • Property is sold as is.
  • Probate-No court confirmation required. * Last day to submit offers is Sunday June 23.
  • Seller will counter multiple offers by Jun 25th.

 




















Sales Comparison Analysis- 8000 Dunbart







Building sq footage +/- 15%







1/2 mile radius, sold within 3 mos









6/19/19



















Subject A B C

8000 DUNBARTON    Make a 
4 bed/3 bath 

Source MLS MLS MLS MLS

Est. ARV (@ $924 Per SF)  $      1,518,132
number 8000 7900 8300 667

85% LTV  $       1,290,412
Street Dunbarton Dunbarton Kenyon W 82nd St

Est. Interior rehab (@$65/SF)  $            87,295
list price $980,000 $2,395,000 $1,629,000 $1,570,000

Est. Add *600 SF (@$225/SF)  $          135,000
sold price
$2,345,000 $1,525,000 $1,599,000

Est. Exterior Rehab  $                      -  
sold price to list price - 97.9% 93.6% 101.8%

Est. Holding Costs  $            60,000
list date 6/13/19 1/10/19 4/29/19 3/20/19

Est. Closing (Comm @ 5%)  $            75,907
sold date
3/22/19 3/28/19 6/6/10

Est. Maximum Offer  $          932,211
days to accepted offer
71 -32 -3209


   
square footage 1343 3101 1920 1437




price/square foot $729.71 $756.21 $794.27 $1,112.73




lot square footage 6845 5736 7027 5996




remodeled? no new construction new construction; connect home modular dwelling renovated/updated

8000 DUNBARTON -    Make a 
5 bed/4 bath 

view? yes tree top no no

Est. ARV (@ $730 Per SF)  $      2,190,000
pool? no no no no

85% LTV  $       1,861,500
Heat wall/window central central central

Est. Interior rehab (@$65/SF)  $            87,295
Central Air no yes yes yes

Est. Add 1700 SF (@$225/SF)  $          382,500
Year Built 1947 2019 2018 1945

Est. Exterior Rehab  $                      -  
Bedrooms/Baths 3b/2b 5b/4b 4b/3b 3b/2b

Est. Holding Costs  $          160,000
Adjustments





Est. Closing (Comm @ 5%)  $          140,000
Pool
$0 $0 $0

Est. Maximum Offer  $      1,091,705
View
$0 $0 $0


   
Sale Date Adjustment
$2,368,450 $1,627,175 $1,614,990




Location
$0 $0 $0




bldg square footage variance/sq. ft.
-1,758 1,181 483




bldg square footage variance @ $75/SF
-$131,850 $88,575 $36,225




lot square footage variance/sq. ft.
1,109 -1,291 1,031




lot square footage variance @ $20/SF
$22,180 -$25,820 $20,620














adjusted price @
$2,258,780 $1,689,930 $1,671,835




adjusted price/SF
$728.40 $880.17 $1,163.42














Avg Price Per SF of Updated/Renovated Homes/New Build $924


































































 



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