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1570 Lincoln Long Beach, CA 90810

3 Beds 2 Baths 1,686 sqft Built 1944

$635,000

List Price

$2,990

$2.7K - $3.2K

Rent Est.

PROPERTY INFO

February 12, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1944
  • Price/Sqft : $376.63
  • 4 Days on Market
  • MLS # : PW21028505
  • Updated Date : 02/12/2021 at 07:32
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,686 sqft
  • Baths : 2 full
Listing Agent

Nationwide Real Estate Execs

Listing Agent's Description

Beautifully updated and charming Long Beach home with plenty of space to enjoy! This spacious property has a roomy master suite which brings the 3rd bathroom to this home...yes 3 bathrooms! The dedicated dining area is perfect for meals, playing games, or hanging out and enjoying your morning coffee. The upgraded kitchen offers stainless appliances, granite countertops, and a pass-through to the family room. Enjoy the wood burning fireplace to relax with friends and family or head out to the patio for outdoor dining. The possibilities are endless. This home has convenient direct garage access and a park nearby for afternoon strolls. Dual paned windows, newer paint and flooring, and a full service security system offer efficiency and peace of mind to this lovely home.

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: Arlington

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450k500k550k600kPrice in $141k622k

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

Neighborhood: Arlington

NeighborhoodNIR Market*CityMarket2010Year2000 Q42019 Q214001600180020002200240026002800Rent in $12252941

* 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
Stephens Middle School Middle Regular 791 32 4
Cabrillo High School High Magnet 2,768 112 3

Stephens Middle School

  • Education Level: Middle
  • # of students: 791
  • # of teachers: 32
4
GreatSchools Rating

Cabrillo High School

  • Education Level: High
  • # of students: 2,768
  • # of teachers: 112
3
GreatSchools Rating
 

$571,500$698,500$635,000

PURCHASE PRICE

$2,691$3,289$2,990

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,990
EXPENSES Loan Payment -$2,206
Property Tax -$694
Property Insurance -$68
Property Management Fees -$147
CASH FLOW
-$124

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 12% of earned rent to cover both maintenance and periods of vacancy.

$635,000

PROJECTED PRICE

$2,990

PROJECTED RENT

0.47%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.35%
Appreciation Year (1-5) 11.0%
Maintenance Year (1-5) 8.00%
Vacancy 4.14%
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-$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$174,025

INVESTMENT

$174,025

Down Payment
$158,750
Rehab Estimate
$5,750
Closing Costs
$9,525

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 50% down payment or higher enables the proceeds from the asset to cover all costs.

$2,206

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $158,750
Loan Amount $476,250
See What Happens When You Reinvest Cash Flow

5.42

YEARS SAVED

$37,400

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,990

    LIST RENT
  • $1.77

    LIST RENT PER SQFT
  • $3,524

    COMP ESTIMATED VALUE
  • $2.09

    COMP AVG. RENT PER SQFT
Comps Range
$2,990
1$2,9902$2,9953$3,0004$3,400
$3,400
RENT COMPS ANALYSIS
  • 1570 Lincoln Long Beach, CA 1
    • 3 beds 2 baths ∙ 1,686 Sqft ∙ Built 1944 3 beds 2 baths ∙ 1,686 Sqft ∙ Built 1944
    • Rent
    • Rent Per SQFT
    •  
    • $2,990
    • $1.77
    •  
  • 1632 E Albreda Street Carson, CA 2
    • 3 beds 2 baths ∙ 1,441 Sqft ∙ Built 1964 3 beds 2 baths ∙ 1,441 Sqft ∙ Built 1964
    LEASED 08/27/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,995
    • $2.08
    •  
  • 3184 Daisy Avenue Long Beach, CA 3
    • 3 beds 2 baths ∙ 1,420 Sqft ∙ Built 1944 3 beds 2 baths ∙ 1,420 Sqft ∙ Built 1944
    LEASED 08/26/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,000
    • $2.11
    •  
  • 2560 San Francisco Avenue Long Beach, CA 4
    • 3 beds 2 baths ∙ 1,635 Sqft ∙ Built 1944 3 beds 2 baths ∙ 1,635 Sqft ∙ Built 1944
    LEASED 11/09/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,400
    • $2.08
    •  
PROPERTY LISTING DETAILS
Sharon Armstrong
Nationwide Real Estate Execs
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: PW21028505
Last Updated: 02/12/2021
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