Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more

1248 Lida Street Pasadena, CA 91103

4 Beds 3 Baths 2,110 sqft Built 1937

$1,395,000

List Price

$4,700

$4.5K - $5K

Rent Est.

PROPERTY INFO

November 02, 2020 RECENTLY ADDED
FACTS
  • Built In 1937
  • Price/Sqft : $661.14
  • 3 Days on Market
  • MLS # : P1-2115
  • Updated Date : 11/02/2020 at 19:17
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,110 sqft
  • Baths : 3 full
Listing Agent

Dilbeck Real Estate

Listing Agent's Description

This stylish single-story home provides a great opportunity to move right into a tastefully updated home in prime Linda Vista neighborhood. Perfect floor plan has beautiful, open great room with three sets of French doors that open out, making gracious indoor-outdoor entertaining easy. Updated kitchen has large pantry, stainless steel appliances, and breakfast bar. Spacious formal dining overlooks serene backyard. Large, sunny master suite also has views of backyard as well as walk in closet and beautiful full bath with two vanities. Additional bedroom wing has two bedrooms and two bathrooms. Fourth bedroom is currently used as an office with custom built-in desk and storage. Updated systems. Wonderful location is close to everything...Rose Bowl, golf, Old Town Pasadena, freeway access to the studios, DTLA and beyond. Absolutely beautiful.

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: Linda Vista

NeighborhoodNIR Market*CityMarket2010Year20002019200k400k600k800k1000k1200k1400k1600k1800k2000k2200kPrice in $199k2216k

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

Neighborhood: Linda Vista

NeighborhoodNIR Market*CityMarket2010Year2000 Q42019 Q220002500300035004000450050005500600065007000750080008500Rent in $17848719

* 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
Cleveland Elementary School Primary Regular 210 10 3
Washington Middle School Middle Regular 513 28 1
John Muir High School High Regular 919 55 3

Cleveland Elementary School

  • Education Level: Primary
  • # of students: 210
  • # of teachers: 10
3
GreatSchools Rating

Washington Middle School

  • Education Level: Middle
  • # of students: 513
  • # of teachers: 28
1
GreatSchools Rating

John Muir High School

  • Education Level: High
  • # of students: 919
  • # of teachers: 55
3
GreatSchools Rating
 

$1,255,500$1,534,500$1,395,000

PURCHASE PRICE

$4,230$5,170$4,700

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $4,700
EXPENSES Loan Payment -$5,147
Property Tax -$1,356
Property Insurance -$78
Property Management Fees -$230
CASH FLOW
-$2,111

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.

$1,395,000

PROJECTED PRICE

$4,700

PROJECTED RENT

0.34%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.65%
Appreciation Year (1-5) 6.1%
Maintenance Year (1-5) 8.00%
Vacancy 5.10%
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

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$375,425

INVESTMENT

$375,425

Down Payment
$348,750
Rehab Estimate
$5,750
Closing Costs
$20,925

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$5,147

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $348,750
Loan Amount $1,046,250
See What Happens When You Reinvest Cash Flow

0.25

YEARS SAVED

$519

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $4,700

    LIST RENT
  • $2.23

    LIST RENT PER SQFT
  • $4,093

    COMP ESTIMATED VALUE
  • $1.94

    COMP AVG. RENT PER SQFT
Comps Range
$3,900
1$3,9002$4,7003$4,800
$4,800
RENT COMPS ANALYSIS
  • 1248 Lida Street Pasadena, CA 2
    • 4 beds 3 baths ∙ 2,110 Sqft ∙ Built 1937 4 beds 3 baths ∙ 2,110 Sqft ∙ Built 1937
    • Rent
    • Rent Per SQFT
    •  
    • $4,700
    • $2.23
    •  
  • 955 W Lehigh Street Altadena, CA 1
    • 3 beds 3 baths ∙ 2,170 Sqft ∙ Built 1940 3 beds 3 baths ∙ 2,170 Sqft ∙ Built 1940
    LEASED 08/17/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,900
    • $1.80
    •  
  • 720 Heatherside Road Pasadena, CA 3
    • 3 beds 2 baths ∙ 2,304 Sqft ∙ Built 1937 3 beds 2 baths ∙ 2,304 Sqft ∙ Built 1937
    LEASED 05/15/19
    • Rent
    • Rent Per SQFT
    •  
    • $4,800
    • $2.08
    •  
PROPERTY LISTING DETAILS
Sandra Saeger
Dilbeck Real Estate
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: P1-2115
Last Updated: 11/02/2020
BESbswy