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1134 N Isabel Street Glendale, CA 91207

4 Beds 2 Baths 2,259 sqft Built 1924

$1,295,000

List Price

$4,130

$3.9K - $4.4K

Rent Est.

PROPERTY INFO

FACTS
  • Single Family
  • Built In 1924
  • Price/Sqft : $573.26
  • 20 Days on Market
  • MLS # : 20672206
  • Updated Date : 01/09/2021 at 10:40
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,259 sqft
  • Baths : 2 full
Listing Agent

Exp Realty Of California Inc

Listing Agent's Description

Located in the heart of Glendale's hottest neighborhood, Rossmoyne, this Spanish gem with a modern twist delivers exactly what savvy buyers are looking for. Featuring 4 bedrooms plus a family room and additional flex-spaces for those much-needed home offices or a zoom room for online school or work. Create culinary masterpieces in the gorgeous chef's kitchen, gather for Sunday night dinner in the formal dining room, and hang out in the spacious family room that invites you outside to the backyard pool. This home can keep everyone happy together or in their own private space when wanted. All with lovely, updated bathrooms, two-zone heating and air, updated systems, and a two-car detached garage. If you are looking for something special that doesn't come on the market often, this is what you have been waiting for.

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MARKET HIGHLIGHTS

  • 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)
  • 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)

PRICE & RENT TRENDS

Neighborhood: Rossmoyne

NeighborhoodNIR Market*CityMarket2010Year20002019200k300k400k500k600k700k800k900kPrice in $199k953k

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

Neighborhood: Rossmoyne

NeighborhoodNIR Market*CityMarket2010Year2000 Q42019 Q218002000220024002600280030003200340036003800Rent in $17843962

* 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
Richardson D. White Elementary School Primary Regular 935 34 8
Woodrow Wilson Middle School Middle Regular 1,183 46 8
Glendale Senior High School High Regular 2,582 101 6

Richardson D. White Elementary School

  • Education Level: Primary
  • # of students: 935
  • # of teachers: 34
8
GreatSchools Rating

Woodrow Wilson Middle School

  • Education Level: Middle
  • # of students: 1,183
  • # of teachers: 46
8
GreatSchools Rating

Glendale Senior High School

  • Education Level: High
  • # of students: 2,582
  • # of teachers: 101
6
GreatSchools Rating
 

$1,165,500$1,424,500$1,295,000

PURCHASE PRICE

$3,717$4,543$4,130

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $4,130
EXPENSES Loan Payment -$4,498
Property Tax -$1,245
Property Insurance -$82
Property Management Fees -$202
CASH FLOW
-$1,897

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.

$1,295,000

PROJECTED PRICE

$4,130

PROJECTED RENT

0.32%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.56%
Appreciation Year (1-5) 9.3%
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$3.5M$4.0M$4.5M

PROJECTED ANNUAL CASH FLOW

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$500k$1.0M$1.5M$2.0M$2.5M$3.0M$3.5M$4.0M$4.5M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$348,925

INVESTMENT

$348,925

Down Payment
$323,750
Rehab Estimate
$5,750
Closing Costs
$19,425

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 70% down payment or higher enables the proceeds from the asset to cover all costs.

$4,498

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $323,750
Loan Amount $971,250
See What Happens When You Reinvest Cash Flow

0.17

YEARS SAVED

$227

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $4,130

    LIST RENT
  • $1.83

    LIST RENT PER SQFT
  • $4,032

    COMP ESTIMATED VALUE
  • $1.79

    COMP AVG. RENT PER SQFT
Comps Range
$3,800
1$3,8002$4,1303$4,500
$4,500
RENT COMPS ANALYSIS
  • 1134 N Isabel Street Glendale, CA 2
    • 4 beds 2 baths ∙ 2,259 Sqft ∙ Built 1924 4 beds 2 baths ∙ 2,259 Sqft ∙ Built 1924
    • Rent
    • Rent Per SQFT
    •  
    • $4,130
    • $1.83
    •  
  • 803 N Glendale Avenue Glendale, CA 1
    • 4 beds 2 baths ∙ 2,145 Sqft ∙ Built 1929 4 beds 2 baths ∙ 2,145 Sqft ∙ Built 1929
    LEASED 10/29/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,800
    • $1.77
    •  
  • 1018 N Jackson Street Glendale, CA 3
    • 4 beds 2 baths ∙ 2,496 Sqft ∙ Built 1927 4 beds 2 baths ∙ 2,496 Sqft ∙ Built 1927
    LEASED 10/03/19
    • Rent
    • Rent Per SQFT
    •  
    • $4,500
    • $1.80
    •  
PROPERTY LISTING DETAILS
David Robles
Exp Realty Of California Inc
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: 20672206
Last Updated: 01/09/2021
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