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1431 Hillside Drive Glendale, CA 91208

4 Beds 2 Baths 2,042 sqft Built 1924

$1,215,000

List Price

$4,710

$4.5K - $5K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
FACTS
  • Single Family
  • Built In 1924
  • Price/Sqft : $595.00
  • 20 Days on Market
  • MLS # : P1-3315
  • Updated Date : 03/01/2021 at 09:14
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,042 sqft
  • Baths : 2 full
Listing Agent

Ronan Realty, Inc.

Listing Agent's Description

Nestled in the foothills, this Verdugo Woodlands English Cottage is surrounded by private gardens and mature trees. An open flow, high ceilings and traditional style with a modern touch are the foundations of this inviting home! Foyer leads to the open living room with gorgeous fireplace and adjacent light-filled dining room. Fabulous modern kitchen equipped with stainless appliances, cute side door exit with stoop, and granite counters with casual breakfast bar open to spacious family room. Step out of the family room French doors with large functional sidelights to enjoy a breeze, to the private back patio and garden, perfect for enjoying a beautiful morning moment or festive al fresco dining. Main floor also offers three bedrooms and two bathrooms. Staircase to second level and attic access highlighted by beautiful iron banisters. Upper level bedroom and bath are spacious, private and charming. Fenced backyard and large handy detached garage with remote operated door at end of the long private driveway. Enjoy your next staycation in this serene Verdugo Woodlands charmer!

SEE MORE

MARKET HIGHLIGHTS

  • 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]
  • 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's economy is worth $1.58 trillion in Gross Metro Product and projected to grow to $1.67 trillion (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)
  • 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)
  • 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)

PRICE & RENT TRENDS

Neighborhood: Verdugo Woodlands

NeighborhoodNIR Market*CityMarket2010Year20002019200k300k400k500k600k700k800k900k1000kPrice in $199k1007k

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

Neighborhood: Verdugo Woodlands

NeighborhoodNIR Market*CityMarket2010Year2000 Q42019 Q21800200022002400260028003000320034003600380040004200Rent in $17844227

* 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
Woodrow Wilson Middle School Middle Regular 1,183 46 8
Glendale Senior High School High Regular 2,582 101 6
Woodrow Wilson Middle School Middle Unknown NA

Woodrow Wilson Middle School

  • Education Level: Middle
  • # of students: 1,183
  • # of teachers: 46
8
GreatSchools Rating

Glendale Senior High School

  • Education Level: High
  • # of students: 2,582
  • # of teachers: 101
6
GreatSchools Rating

Woodrow Wilson Middle School

  • Education Level: Middle
  • # of students:
  • # of teachers:
NA
GreatSchools Rating
 

$1,093,500$1,336,500$1,215,000

PURCHASE PRICE

$4,239$5,181$4,710

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $4,710
EXPENSES Loan Payment -$4,220
Property Tax -$1,168
Property Insurance -$76
Property Management Fees -$231
CASH FLOW
-$986

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.

$1,215,000

PROJECTED PRICE

$4,710

PROJECTED RENT

0.39%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.56%
Appreciation Year (1-5) 8.5%
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$3.0M$3.5M$4.0M

PROJECTED ANNUAL CASH FLOW

11530-$20k-$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$3.0M$3.5M$4.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$327,725

INVESTMENT

$327,725

Down Payment
$303,750
Rehab Estimate
$5,750
Closing Costs
$18,225

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 60% down payment or higher enables the proceeds from the asset to cover all costs.

$4,220

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $303,750
Loan Amount $911,250
See What Happens When You Reinvest Cash Flow

2.17

YEARS SAVED

$18,183

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $4,710

    LIST RENT
  • $2.31

    LIST RENT PER SQFT
  • $4,462

    COMP ESTIMATED VALUE
  • $2.18

    COMP AVG. RENT PER SQFT
Comps Range
$4,000
1$4,0002$4,3003$4,710
$4,710
RENT COMPS ANALYSIS
  • 1431 Hillside Drive Glendale, CA 3
    • 4 beds 2 baths ∙ 2,042 Sqft ∙ Built 1924 4 beds 2 baths ∙ 2,042 Sqft ∙ Built 1924
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $4,710
    • $2.31
    •  
  • 1233 N Isabel Street Glendale, CA 1
    • 3 beds 2 baths ∙ 1,934 Sqft ∙ Built 1928 3 beds 2 baths ∙ 1,934 Sqft ∙ Built 1928
    property image
    LEASED 10/31/19
    • Rent
    • Rent Per SQFT
    •  
    • $4,000
    • $2.07
    •  
  • 3445 Las Palmas Avenue Glendale, CA 2
    • 3 beds 2 baths ∙ 1,870 Sqft ∙ Built 1925 3 beds 2 baths ∙ 1,870 Sqft ∙ Built 1925
    property image
    LEASED 01/27/20
    • Rent
    • Rent Per SQFT
    •  
    • $4,300
    • $2.30
    •  
PROPERTY LISTING DETAILS
Robert Wickman
Ronan Realty, Inc.
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: P1-3315
Last Updated: 03/01/2021
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