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1224 S Wycliff Avenue San Pedro, CA 90732

4 Beds 2 Baths 2,312 sqft Built 1952

$950,000

List Price

$4,110

$3.9K - $4.4K

Rent Est.

PROPERTY INFO

January 09, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1952
  • Price/Sqft : $410.90
  • 2 Days on Market
  • MLS # : PV21003102
  • Updated Date : 01/09/2021 at 21:18
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,312 sqft
  • Baths : 2 full
Listing Agent

Re/max Estate Properties

Listing Agent's Description

First time on the market. Welcome to one of the best home locations in San Pedro. Located in fantastic Vista Del Oro with walking access to Averill Park and Dean Dana Friendship Park. Averill Park has water falls, flowers and a unique picturesque setting. Dean Dana's Friendship Park offers barbecue areas, soccer fields, baseball fields, a Nature Center and walking and jogging trails. This two story Custom home is beautifully maintained and has plenty of room. Four spacious bedrooms with 2 bedrooms upstairs and 2 bedrooms on the first level. The master bedroom has a walk in closet plus an additional closet. Open kitchen to a great room. There is an inside barbecue grill plus 4 burner gas cook top. The home features a separate family room with fireplace that leads to the back yard. A short distance to the 110 freeway and the San Pedro Waterfront.

SEE MORE

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: Northwest San Pedro

NeighborhoodNIR Market*CityMarket2010Year20002019200k250k300k350k400k450k500k550k600k650k700k750k800k850kPrice in $199k856k

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

Neighborhood: Northwest San Pedro

NeighborhoodNIR Market*CityMarket2010Year2000 Q42019 Q21800200022002400260028003000320034003600Rent in $17133697

* 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
 

$855,000$1,045,000$950,000

PURCHASE PRICE

$3,699$4,521$4,110

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $4,110
EXPENSES Loan Payment -$3,300
Property Tax -$974
Property Insurance -$83
Property Management Fees -$201
CASH FLOW
-$448

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.

$950,000

PROJECTED PRICE

$4,110

PROJECTED RENT

0.43%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.56%
Appreciation Year (1-5) 5.8%
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

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$257,500

INVESTMENT

$257,500

Down Payment
$237,500
Rehab Estimate
$5,750
Closing Costs
$14,250

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$3,300

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $237,500
Loan Amount $712,500
See What Happens When You Reinvest Cash Flow

3.75

YEARS SAVED

$33,807

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $4,110

    LIST RENT
  • $1.78

    LIST RENT PER SQFT
  • $4,075

    COMP ESTIMATED VALUE
  • $1.76

    COMP AVG. RENT PER SQFT
Comps Range
$3,700
1$3,7002$4,1003$4,1104$4,3005$4,800
$4,800
RENT COMPS ANALYSIS
  • 1224 S Wycliff Avenue San Pedro, CA 3
    • 4 beds 2 baths ∙ 2,312 Sqft ∙ Built 1952 4 beds 2 baths ∙ 2,312 Sqft ∙ Built 1952
    • Rent
    • Rent Per SQFT
    •  
    • $4,110
    • $1.78
    •  
  • 2155 Baleria Drive San Pedro, CA 1
    • 3 beds 1 baths ∙ 2,160 Sqft ∙ Built 1961 3 beds 1 baths ∙ 2,160 Sqft ∙ Built 1961
    LEASED 01/25/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,700
    • $1.71
    •  
  • 3612 Barbara Street San Pedro, CA 2
    • 3 beds 3 baths ∙ 2,393 Sqft ∙ Built 1961 3 beds 3 baths ∙ 2,393 Sqft ∙ Built 1961
    LEASED 08/30/19
    • Rent
    • Rent Per SQFT
    •  
    • $4,100
    • $1.71
    •  
  • 2439 Rue Le Charlene Rancho Palos Verdes, CA 4
    • 4 beds 2 baths ∙ 2,448 Sqft ∙ Built 1969 4 beds 2 baths ∙ 2,448 Sqft ∙ Built 1969
    LEASED 12/20/19
    • Rent
    • Rent Per SQFT
    •  
    • $4,300
    • $1.76
    •  
  • 3316 Narino Drive Rancho Palos Verdes, CA 5
    • 4 beds 2 baths ∙ 2,570 Sqft ∙ Built 1961 4 beds 2 baths ∙ 2,570 Sqft ∙ Built 1961
    LEASED 07/22/20
    • Rent
    • Rent Per SQFT
    •  
    • $4,800
    • $1.87
    •  
PROPERTY LISTING DETAILS
Wayne Chamberlain
Re/max Estate Properties
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: PV21003102
Last Updated: 01/09/2021
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