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PROPERTY INFO
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.
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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: Northwest San Pedro
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Northwest San Pedro
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
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
| 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
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$217,985
LOAN DETAILS
$2,955
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $200,222 |
| Loan Amount | $600,666 |
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
-
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
Century 21 Allstars
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
MLS #: DW20239269
Last Updated: 11/13/2020
