7003 La Presa Dr
More Than Just a Property
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Nearby Schools
Educational options and performance ratings in the area.
Gardner Street Elementary School
Hubert Howe Bancroft Middle School
Hollywood Senior High School
Property Overview
A stunning investment opportunity in a prime location. This property features modern amenities, spacious living areas, and strong rental potential.
Features & Amenities
Haven AI Verdict
Data provided by Haven AI. Disclaimer
Haven AI
At a purchase price of $1,995,000, 7003 La Presa Dr represents a highly speculative play unsuitable for conservative income-focused investors. Despite a premium Los Angeles location and a solid 4% projected annual appreciation, the property's rental yield is a critically low 3.39%. This low yield, paired with typical financing costs, results in a severe monthly negative cash flow of -$4,457. This extreme negative carry requires substantial ongoing out-of-pocket subsidization, exposing the investor to major liquidity risks. Relying solely on future appreciation to offset this massive capital drain makes this investment highly risky.
- • Located in a highly desirable, high-barrier Los Angeles neighborhood.
- • Solid historical and projected long-term market appreciation of 4% annually.
- • Favorable property configuration (3 beds, 3 baths, 2,425 sqft) appealing to premium renters.
- • Severe negative monthly cash flow of -$4,457, leading to a yearly deficit of over $53,000.
- • Low rental yield of 3.39% which fails to cover conservative debt service and maintenance estimates.
- • High entry price of nearly $2M, concentrating significant capital into a single underperforming asset.
10-Year Price Projection
Price & Tax History
Price History
| Date | Event | Price | Price/sqft |
|---|---|---|---|
| 2026-04-10 | Listed for sale | $1,995,000 | $823 |
| 2025-06-20 | Listing removed | $1,999,000 | $824 |
| 2025-05-13 | Price change | $1,999,000 | $824 |
| 2025-04-21 | Listed for sale | $2,049,000 | $845 |
| 2013-12-13 | Sold | $999,000 | $412 |
| 2013-12-07 | Listing removed | $5,500 | $2 |
| 2013-11-20 | Listed for rent | $5,500 | $2 |
| 2013-11-13 | Price change | $999,000 | $412 |
| 2013-09-24 | Price change | $1,079,000 | $445 |
| 2013-09-06 | Listed for sale | $1,179,000 | $486 |
| 2002-03-13 | Sold | $680,000 | $280 |
| 1997-10-21 | Sold | $435,000 | $179 |
| 1995-03-24 | Sold | $8,000 | $3 |
Tax History
| Year | Property Tax | Tax Assessment |
|---|---|---|
| 2025 | $15,075.64 | $1,224,626 |
| 2024 | $14,833.8 | $1,200,614 |
| 2023 | $14,551.64 | $1,177,073 |
| 2022 | $13,908.32 | $1,153,994 |
| 2021 | $13,732.18 | $1,131,367 |
| 2020 | $13,802.01 | $1,119,768 |
| 2019 | $13,802.01 | $1,097,813 |
| 2018 | $13,212.61 | $1,076,289 |
| 2017 | $13,212.61 | $1,055,187 |
| 2016 | $12,928.87 | $1,034,498 |
| 2015 | $12,598.45 | $1,018,960 |
| 2014 | $12,541.18 | $999,000 |
| 2012 | $0 | $799,770 |
| 2011 | $0 | $784,089 |
| 2010 | $0 | $778,230 |
| 2009 | $0 | $780,080 |
| 2008 | $0 | $764,785 |
| 2007 | $0 | $749,790 |
| 2006 | $0 | $735,090 |
| 2005 | $0 | $735,090 |
| 2004 | $0 | $706,548 |
| 2003 | $0 | $693,600 |
| 2002 | $0 | $470,178 |
| 2000 | $0 | $451,921 |
Investment Numbers & Operating Model
Standardized cash flow underwriting modeled with state tax schedules, regional insurance hazard risk, and disciplined operating reserves.
Multi-factor yield grade
NOI: $50,246/yr
On $458,850 invested
Negative debt coverage
Equity + cumulative cash
Monthly Cash Flow Breakdown
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