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1051 E Angeleno Burbank, CA 91501

3 Beds 1 Baths 1,601 sqft Built 1937

$959,000

List Price

$3,920

$3.7K - $4.2K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
FACTS
  • Single Family
  • Built In 1937
  • Price/Sqft : $599.00
  • 12 Days on Market
  • MLS # : BB21029420
  • Updated Date : 02/22/2021 at 11:41
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,601 sqft
  • Baths : 1 full
Listing Agent

Remax Empower

Listing Agent's Description

This gem of a home is located in the Burbank Hills and hosts many original architectural features from the lath and plaster ceilings and walls to the darling front porch perfect for enjoying a warm summer evening. Inside are 3 beds, 2 baths within a traditional floor plan. The garage is a detached 2 car garage with a workshop ideal for a game room, man cave, hobby room or home gym. The larger 7,650 sq ft lot has alley access allowing for the possibility of additional parking or easier access for building out the property.

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MARKET HIGHLIGHTS

  • Southern California area contributes to 55.3% of California state economy i.e. Gross State Product (USMayors.org, 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)
  • 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 has 58.7% labor force participation rate; within this area, Los Angeles metro has 62.3% labor force participation rate (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)
  • 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]
  • 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)

PRICE & RENT TRENDS

Neighborhood: Hillside District

NeighborhoodNIR Market*CityMarket2010Year20002019200k250k300k350k400k450k500k550k600k650k700k750k800k850k900kPrice in $199k917k

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

Neighborhood: Hillside District

NeighborhoodNIR Market*CityMarket2010Year2000 Q42019 Q2180020002200240026002800300032003400360038004000Rent in $17844015

* 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
Joaquin Miller Elementary School Primary Regular 738 26 8
John Muir Middle School Middle Regular 1,408 55 8
Burbank High School High Regular 2,606 106 8

Joaquin Miller Elementary School

  • Education Level: Primary
  • # of students: 738
  • # of teachers: 26
8
GreatSchools Rating

John Muir Middle School

  • Education Level: Middle
  • # of students: 1,408
  • # of teachers: 55
8
GreatSchools Rating

Burbank High School

  • Education Level: High
  • # of students: 2,606
  • # of teachers: 106
8
GreatSchools Rating
 

$863,100$1,054,900$959,000

PURCHASE PRICE

$3,528$4,312$3,920

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,920
EXPENSES Loan Payment -$3,331
Property Tax -$894
Property Insurance -$66
Property Management Fees -$192
CASH FLOW
-$563

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 13% of earned rent to cover both maintenance and periods of vacancy.

$959,000

PROJECTED PRICE

$3,920

PROJECTED RENT

0.41%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.56%
Appreciation Year (1-5) 8.2%
Maintenance Year (1-5) 8.00%
Vacancy 5.05%
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$3.0M

PROJECTED ANNUAL CASH FLOW

11530-$10k$0.0$10k$20k$30k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$500k$1.0M$1.5M$2.0M$2.5M$3.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$259,885

INVESTMENT

$259,885

Down Payment
$239,750
Rehab Estimate
$5,750
Closing Costs
$14,385

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 55% down payment or higher enables the proceeds from the asset to cover all costs.

$3,331

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $239,750
Loan Amount $719,250
See What Happens When You Reinvest Cash Flow

3.33

YEARS SAVED

$26,755

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,920

    LIST RENT
  • $2.45

    LIST RENT PER SQFT
  • $4,111

    COMP ESTIMATED VALUE
  • $2.57

    COMP AVG. RENT PER SQFT
Comps Range
$3,770
1$3,7702$3,9203$4,2004$4,4005$4,500
$4,500
RENT COMPS ANALYSIS
  • 1051 E Angeleno Burbank, CA 2
    • 3 beds 1 baths ∙ 1,601 Sqft ∙ Built 1937 3 beds 1 baths ∙ 1,601 Sqft ∙ Built 1937
    • Rent
    • Rent Per SQFT
    •  
    • $3,920
    • $2.45
    •  
  • 733 E Palm Avenue Burbank, CA 1
    • 3 beds 2 baths ∙ 1,600 Sqft ∙ Built 1937 3 beds 2 baths ∙ 1,600 Sqft ∙ Built 1937
    LEASED 07/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,770
    • $2.36
    •  
  • 925 Delaware Road Burbank, CA 3
    • 3 beds 1 baths ∙ 1,553 Sqft ∙ Built 1952 3 beds 1 baths ∙ 1,553 Sqft ∙ Built 1952
    LEASED 02/23/20
    • Rent
    • Rent Per SQFT
    •  
    • $4,200
    • $2.70
    •  
  • 834 Delaware Road Burbank, CA 4
    • 3 beds 2 baths ∙ 1,734 Sqft ∙ Built 1953 3 beds 2 baths ∙ 1,734 Sqft ∙ Built 1953
    LEASED 05/27/20
    • Rent
    • Rent Per SQFT
    •  
    • $4,400
    • $2.54
    •  
  • 824 E Providencia Avenue Burbank, CA 5
    • 3 beds 2 baths ∙ 1,687 Sqft ∙ Built 1930 3 beds 2 baths ∙ 1,687 Sqft ∙ Built 1930
    LEASED 01/21/21
    • Rent
    • Rent Per SQFT
    •  
    • $4,500
    • $2.67
    •  
PROPERTY LISTING DETAILS
Mary Anne Been
Remax Empower
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: BB21029420
Last Updated: 02/22/2021
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