2215 Allesandro Way, Los Angeles Investment Report: Flip & Rental Analysis · Frontflip
Rental Income$58KYield8.9%Year 1 Estimates
Estimated value$649K$664.5K below comp median
When you're buying a place in Los Angeles, you need to budget for closing costs, which typically run between 2% and 5% of the purchase price. For this Spanish Bungalow, listed at $649,000, that means setting aside roughly $12,980 to $32,450 for these fees in 2025.
Keep in mind that these costs are highly negotiable and vary based on the lender, title company, and specific transaction details. We should review the Loan Estimate when you get it to nail down the exact figures.
Here’s a quick breakdown of typical components for a cash purchase versus a financed purchase in California:
| Cost Component | Buyer Paid (Financed Example) | Notes |
| :--- | :--- | :--- |
| Loan Origination Fees | Varies (often $1,500 - $3,000) | Lender fees for processing the loan. |
| Appraisal & Inspection Fees | ~$800 - $1,500 | Covers necessary property assessments. |
| Title Insurance & Escrow Fees | ~$1,500 - $2,500 | Protects against title defects; often split with seller. |
| Recording Fees & Transfer Taxes | Varies (LA City/County fees apply) | Includes documentary transfer tax (approx. $1.10 per $1,000 of value). |
| Prepaids (Taxes & Insurance) | Varies greatly | Setting aside funds for initial escrow deposits. |