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1072 W 10th Street San Pedro, CA 90731

3 Beds 2 Baths 1,596 sqft Built 1947

$839,900

List Price

$3,130

$2.9K - $3.4K

Rent Est.

PROPERTY INFO

January 14, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1947
  • Price/Sqft : $526.25
  • 5 Days on Market
  • MLS # : PV21006256
  • Updated Date : 01/13/2021 at 20:01
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,596 sqft
  • Baths : 2 full
Listing Agent

Keller Williams Realty

Listing Agent's Description

Built in 1947, this home has been beautifully updated yet retains much of its original charm! Unassuming from the street, you’ll walk into a bright and spacious home! The living room & dining room are open and inviting, and the adjacent kitchen is a gourmet’s delight. Completely remodeled with custom cabinets, granite counters, pantry, laundry closet, huge prep island & stainless appliances ALL INCLUDED! Down the hallway are 2 large bedrooms w/large closets, as well as a beautiful vintage art-deco bathroom w/original tile & a separate tub and stall shower. the AMAZING master suite is a true respite from the outside world. With beautiful wood floors & gorgeous brick fireplace, you can relax to your heart’s content. Soak away your worries in the clawfoot tub in the custom en-suite bathroom which also features dual sinks, beautiful vanity & fixtures and stall shower. The walk-in closet has custom built-ins-plenty of room for your shoes, purses & more. Step out to the backyard and say AHHHH as the stress of the day goes away. A bubbling fountain creates a soothing backdrop to beautiful landscape, stamped concrete, and an artificial grass area. There’s a covered patio at the back of the yard–perfect for barbecues and entertaining. A 2 car detached garage w/alley access offers lots of additional storage. This awesome home has been updated with dual pane windows, newer central heat/air, updated electrical panel and so much more. This is a phenomenal value and not to be missed!

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • 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)
  • 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)
  • Southern California area contributes to 55.3% of California state economy i.e. Gross State Product (USMayors.org, 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]
  • 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's economy is worth $1.58 trillion in Gross Metro Product and projected to grow to $1.67 trillion (USMayors.org, 2018)

PRICE & RENT TRENDS

Neighborhood: Central San Pedro

NeighborhoodNIR Market*CityMarket2010Year20002019200k250k300k350k400k450k500k550k600k650kPrice in $153k700k

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

Neighborhood: Central San Pedro

NeighborhoodNIR Market*CityMarket2010Year2000 Q42019 Q2140016001800200022002400260028003000Rent in $13083174

* 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
7th Street Elementary School Primary Regular 518 22 3
Richard Henry Dana Middle School Middle Regular 1,528 59 2
San Pedro Senior High School High Regular 2,668 104 6

7th Street Elementary School

  • Education Level: Primary
  • # of students: 518
  • # of teachers: 22
3
GreatSchools Rating

Richard Henry Dana Middle School

  • Education Level: Middle
  • # of students: 1,528
  • # of teachers: 59
2
GreatSchools Rating

San Pedro Senior High School

  • Education Level: High
  • # of students: 2,668
  • # of teachers: 104
6
GreatSchools Rating
 

$755,910$923,890$839,900

PURCHASE PRICE

$2,817$3,443$3,130

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,130
EXPENSES Loan Payment -$2,917
Property Tax -$861
Property Insurance -$66
Property Management Fees -$153
CASH FLOW
-$867

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 12% of earned rent to cover both maintenance and periods of vacancy.

$839,900

PROJECTED PRICE

$3,130

PROJECTED RENT

0.37%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.35%
Appreciation Year (1-5) 7.5%
Maintenance Year (1-5) 8.00%
Vacancy 4.14%
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

PROJECTED ANNUAL CASH FLOW

11530-$15k-$10k-$5.0k$0.0$5.0k$10k$15k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$228,324

INVESTMENT

$228,324

Down Payment
$209,975
Rehab Estimate
$5,750
Closing Costs
$12,599

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 65% down payment or higher enables the proceeds from the asset to cover all costs.

$2,917

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $209,975
Loan Amount $629,925
See What Happens When You Reinvest Cash Flow

1.33

YEARS SAVED

$5,054

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,130

    LIST RENT
  • $1.96

    LIST RENT PER SQFT
  • $3,539

    COMP ESTIMATED VALUE
  • $2.22

    COMP AVG. RENT PER SQFT
Comps Range
$2,995
1$2,9952$3,1303$3,3004$3,3005$3,500
$3,500
RENT COMPS ANALYSIS
  • 1072 W 10th Street San Pedro, CA 2
    • 3 beds 2 baths ∙ 1,596 Sqft ∙ Built 1947 3 beds 2 baths ∙ 1,596 Sqft ∙ Built 1947
    • Rent
    • Rent Per SQFT
    •  
    • $3,130
    • $1.96
    •  
  • 1256 Big Canyon Place San Pedro, CA 1
    • 3 beds 1 baths ∙ 1,328 Sqft ∙ Built 1940 3 beds 1 baths ∙ 1,328 Sqft ∙ Built 1940
    LEASED 01/23/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,995
    • $2.26
    •  
  • 735 W 21st Street San Pedro, CA 3
    • 4 beds 2 baths ∙ 1,583 Sqft ∙ Built 1964 4 beds 2 baths ∙ 1,583 Sqft ∙ Built 1964
    LEASED 05/11/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,300
    • $2.08
    •  
  • 759 W 17th Street San Pedro, CA 4
    • 3 beds 2 baths ∙ 1,440 Sqft ∙ Built 1941 3 beds 2 baths ∙ 1,440 Sqft ∙ Built 1941
    LEASED 12/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,300
    • $2.29
    •  
  • 1121 S Walker Avenue San Pedro, CA 5
    • 3 beds 1 baths ∙ 1,560 Sqft ∙ Built 1949 3 beds 1 baths ∙ 1,560 Sqft ∙ Built 1949
    LEASED 08/31/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,500
    • $2.24
    •  
PROPERTY LISTING DETAILS
Karen Anderson
Keller Williams Realty
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: PV21006256
Last Updated: 01/13/2021
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