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

1343 W 4th Street San Pedro, CA 90732

3 Beds 3 Baths 2,172 sqft Built 1990

$800,888

List Price

$3,540

$3.3K - $3.8K

Rent Est.

PROPERTY INFO

November 14, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1990
  • Price/Sqft : $368.73
  • 3 Days on Market
  • MLS # : DW20239269
  • Updated Date : 11/13/2020 at 16:49
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,172 sqft
  • Baths : 3 full
Listing Agent

Century 21 Allstars

Listing Agent's Description

This house sit in the highly desired Holly-Trinity area of San Pedro. The home was built in 1993 and showcases 3 bedrooms and 3 bathrooms. All bedrooms are upstairs.The master suite has double sinks along with a personal vanity area near the window. Excellent for separation when getting ready. The master bedroom is a large size with wall high mirrored closets. The 2 other bedrooms a large in size and have big closets. Their is a second full bathroom with double sinks and a tub shower. Down stairs you'll find the living room and a very large den excellent for the holiday season to decorate The kitchen is nice size with a dishwasher and plenty of cabinet space. Their is a formal dinning area that has a view to the back yard and ravine. The laundry room is located up stairs near all the bedrooms. the laundry room had a cabinet for folding laundry and shelved cabinets for storage. Their is a small and cozy front yard. the back yard is full fenced and is a nice size for entertaining your family. The garage is 2 car and has some extra room for storage.

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
Bandini Street Elementary School Primary Regular 351 16 4
Bandini Street Elementary School Middle Regular 351 16 4
San Pedro Senior High School High Regular 2,668 104 6

Bandini Street Elementary School

  • Education Level: Primary
  • # of students: 351
  • # of teachers: 16
4
GreatSchools Rating

Bandini Street Elementary School

  • Education Level: Middle
  • # of students: 351
  • # of teachers: 16
4
GreatSchools Rating

San Pedro Senior High School

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

$720,799$880,977$800,888

PURCHASE PRICE

$3,186$3,894$3,540

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,540
EXPENSES Loan Payment -$2,955
Property Tax -$823
Property Insurance -$80
Property Management Fees -$173
CASH FLOW
-$491

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.

$800,888

PROJECTED PRICE

$3,540

PROJECTED RENT

0.44%

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

PROJECTED ANNUAL CASH FLOW

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$217,985

INVESTMENT

$217,985

Down Payment
$200,222
Rehab Estimate
$5,750
Closing Costs
$12,013

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,955

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $200,222
Loan Amount $600,666
See What Happens When You Reinvest Cash Flow

3.42

YEARS SAVED

$27,416

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,540

    LIST RENT
  • $1.63

    LIST RENT PER SQFT
  • $3,725

    COMP ESTIMATED VALUE
  • $1.71

    COMP AVG. RENT PER SQFT
Comps Range
$3,300
1$3,3002$3,5003$3,540
$3,540
RENT COMPS ANALYSIS
  • 1343 W 4th Street San Pedro, CA 3
    • 3 beds 3 baths ∙ 2,172 Sqft ∙ Built 1990 3 beds 3 baths ∙ 2,172 Sqft ∙ Built 1990
    • Rent
    • Rent Per SQFT
    •  
    • $3,540
    • $1.63
    •  
  • 1829 Newport Ter San Pedro, CA 1
    • 3 beds 3 baths ∙ 1,950 Sqft ∙ Built 1998 3 beds 3 baths ∙ 1,950 Sqft ∙ Built 1998
    LEASED 07/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,300
    • $1.69
    •  
  • 1129 E Capitol Drive San Pedro, CA 2
    • 4 beds 3 baths ∙ 2,013 Sqft ∙ Built 1995 4 beds 3 baths ∙ 2,013 Sqft ∙ Built 1995
    LEASED 05/21/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,500
    • $1.74
    •  
PROPERTY LISTING DETAILS
Victor Contreras Jr
Century 21 Allstars
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: DW20239269
Last Updated: 11/13/2020
BESbswy