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1310 Brixton Road Pasadena, CA 91105

3 Beds 2 Baths 1,253 sqft Built 1948

$948,000

List Price

$3,260

$3K - $3.5K

Rent Est.

PROPERTY INFO

November 22, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1948
  • Price/Sqft : $756.58
  • 2 Days on Market
  • MLS # : P1-2401
  • Updated Date : 11/21/2020 at 19:48
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,253 sqft
  • Baths : 1 full , 1 half
Listing Agent

Coldwell Banker Realty

Listing Agent's Description

Prime location in Southwest Pasadena on the edge of the San Rafael Hills! This beautiful traditional home allows for easy access to just about anywhere in LA county, next door to Highland Park & Eagle Rock and just minutes from Old Pasadena, Burbank, Glendale, South Pasadena, DTLA and the heart of Eagle Rock! Public transportation, dining and shopping are just a short walk away! Features include three bedrooms, two bathrooms, upgraded electrical panel, upgraded plumbing, tankless water heater, all new fixtures, HVAC system, fresh paint throughout, some new dual glazed French doors, several new windows, beautifully refinished original oak flooring, remodeled bathroom with custom cabinetry, large walk-in shower, separate drop in tub, and custom tile work, kitchen updated with stainless steel appliances, quartz countertops, laundry area with new front loading washer-dryer.... Additional features include new rear concrete and brick patio with fire pit, new rear landscape, automated irrigation front and rear, new fence and security gate, new automatic garage door...too much to mention! This gem is a must see!

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MARKET HIGHLIGHTS

  • 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)
  • 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)

PRICE & RENT TRENDS

Neighborhood: Annandale

NeighborhoodNIR Market*CityMarket2010Year20002019200k400k600k800k1000k1200k1400k1600k1800k2000k2200kPrice in $199k2216k

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

Neighborhood: Annandale

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
San Rafael Elementary School Primary Magnet 435 18 7
Blair School Middle Magnet 1,026 54 4
Blair School High Magnet 1,026 54 4

San Rafael Elementary School

  • Education Level: Primary
  • # of students: 435
  • # of teachers: 18
7
GreatSchools Rating

Blair School

  • Education Level: Middle
  • # of students: 1,026
  • # of teachers: 54
4
GreatSchools Rating

Blair School

  • Education Level: High
  • # of students: 1,026
  • # of teachers: 54
4
GreatSchools Rating
 

$853,200$1,042,800$948,000

PURCHASE PRICE

$2,934$3,586$3,260

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,260
EXPENSES Loan Payment -$3,498
Property Tax -$921
Property Insurance -$57
Property Management Fees -$160
CASH FLOW
-$1,376

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.

$948,000

PROJECTED PRICE

$3,260

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

PROJECTED ANNUAL CASH FLOW

11530-$25k-$20k-$15k-$10k-$5.0k$0.0$5.0k$10k

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$256,970

INVESTMENT

$256,970

Down Payment
$237,000
Rehab Estimate
$5,750
Closing Costs
$14,220

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$3,498

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $237,000
Loan Amount $711,000
See What Happens When You Reinvest Cash Flow

0.33

YEARS SAVED

$570

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,260

    LIST RENT
  • $2.6

    LIST RENT PER SQFT
  • $3,300

    COMP ESTIMATED VALUE
  • $2.63

    COMP AVG. RENT PER SQFT
Comps Range
$2,850
1$2,8502$3,2603$3,7004$4,875
$4,875
RENT COMPS ANALYSIS
  • 1310 Brixton Road Pasadena, CA 2
    • 3 beds 2 baths ∙ 1,253 Sqft ∙ Built 1948 3 beds 2 baths ∙ 1,253 Sqft ∙ Built 1948
    • Rent
    • Rent Per SQFT
    •  
    • $3,260
    • $2.60
    •  
  • 5027 Coringa Drive Highland Park, CA 1
    • 3 beds 1 baths ∙ 1,503 Sqft ∙ Built 1965 3 beds 1 baths ∙ 1,503 Sqft ∙ Built 1965
    LEASED 10/09/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,850
    • $1.90
    •  
  • 431 Cherry Drive Pasadena, CA 3
    • 3 beds 2 baths ∙ 1,518 Sqft ∙ Built 1958 3 beds 2 baths ∙ 1,518 Sqft ∙ Built 1958
    LEASED 05/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,700
    • $2.44
    •  
  • 511 Evergreen Drive Pasadena, CA 4
    • 3 beds 1 baths ∙ 1,370 Sqft ∙ Built 1940 3 beds 1 baths ∙ 1,370 Sqft ∙ Built 1940
    LEASED 07/19/19
    • Rent
    • Rent Per SQFT
    •  
    • $4,875
    • $3.56
    •  
PROPERTY LISTING DETAILS
Matty Hurtado
Coldwell Banker Realty
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: P1-2401
Last Updated: 11/21/2020
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