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1600 W 27th Street San Pedro, CA 90732

4 Beds 2 Baths 1,462 sqft Built 1956

$899,000

List Price

$3,120

$2.9K - $3.4K

Rent Est.

PROPERTY INFO

FACTS
  • Built In 1956
  • Price/Sqft : $614.91
  • 13 Days on Market
  • MLS # : SB20219225
  • Updated Date : 11/01/2020 at 11:39
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,462 sqft
  • Baths : 2 full
Listing Agent

Re/max Estate Properties

Listing Agent's Description

Beautiful one-story classic style home with designer touches in South Shores, located at the end of a quiet cul de sac. Welcome to this lovely 4 bedroom, 2 bathroom home with 1,462 sq ft of living space on a spacious 8,065 sq ft lot. The living area has an open floor plan that beams with tons of natural light, and includes vaulted ceilings, recessed lighting, custom light fixtures, and a cozy wood burning fireplace with a chic mosaic tile surround. Take pleasure in the convient indoor / outdoor flow; the French doors in the living area open up to the sparkling pool and spacious backyard. Enjoy the coastal climate with a resort lifestyle, dining al fresco, and star-gazing. The kitchen has ample maple cabinetry with modern hardware, a range hood, beautiful tile backsplash, granite countertops, and marble floors. The master bedroom is perfectly spacious with an en suite bath, views of luscious greenery, and access to the backyard. Near the beach, parks, restaurants, shops, and farmers markets.

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: Coastal San Pedro

NeighborhoodNIR Market*CityMarket2010Year20002019200k250k300k350k400k450k500k550k600k650k700k750k800kPrice in $187k803k

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

Neighborhood: Coastal San Pedro

NeighborhoodNIR Market*CityMarket2010Year2000 Q42019 Q218002000220024002600280030003200Rent in $16353365

* 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
White Point Elementary School Primary Regular 409 18 8
Richard Henry Dana Middle School Middle Regular 1,528 59 2
San Pedro Senior High School High Regular 2,668 104 6

White Point Elementary School

  • Education Level: Primary
  • # of students: 409
  • # of teachers: 18
8
GreatSchools Rating

Richard Henry Dana Middle School

  • Education Level: Middle
  • # of students: 1,528
  • # of teachers: 59
2
GreatSchools Rating

San Pedro Senior High School

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

$809,100$988,900$899,000

PURCHASE PRICE

$2,808$3,432$3,120

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,120
EXPENSES Loan Payment -$3,317
Property Tax -$921
Property Insurance -$62
Property Management Fees -$153
CASH FLOW
-$1,334

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.

$899,000

PROJECTED PRICE

$3,120

PROJECTED RENT

0.35%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.48%
Appreciation Year (1-5) 6.3%
Maintenance Year (1-5) 8.00%
Vacancy 4.69%
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-$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$243,985

INVESTMENT

$243,985

Down Payment
$224,750
Rehab Estimate
$5,750
Closing Costs
$13,485

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$3,317

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $224,750
Loan Amount $674,250
See What Happens When You Reinvest Cash Flow

0.25

YEARS SAVED

$386

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,120

    LIST RENT
  • $2.13

    LIST RENT PER SQFT
  • $2,833

    COMP ESTIMATED VALUE
  • $1.94

    COMP AVG. RENT PER SQFT
Comps Range
$2,900
1$2,9002$3,1003$3,1204$3,3005$3,500
$3,500
RENT COMPS ANALYSIS
  • 1600 W 27th Street San Pedro, CA 3
    • 4 beds 2 baths ∙ 1,462 Sqft ∙ Built 1956 4 beds 2 baths ∙ 1,462 Sqft ∙ Built 1956
    • Rent
    • Rent Per SQFT
    •  
    • $3,120
    • $2.13
    •  
  • 1293 W 23rd Street San Pedro, CA 1
    • 3 beds 1 baths ∙ 1,472 Sqft ∙ Built 1953 3 beds 1 baths ∙ 1,472 Sqft ∙ Built 1953
    LEASED 06/27/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,900
    • $1.97
    •  
  • 1720 Vallecito Drive San Pedro, CA 2
    • 3 beds 2 baths ∙ 1,574 Sqft ∙ Built 1957 3 beds 2 baths ∙ 1,574 Sqft ∙ Built 1957
    LEASED 07/23/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,100
    • $1.97
    •  
  • 640 Bynner Drive San Pedro, CA 4
    • 3 beds 1 baths ∙ 1,806 Sqft ∙ Built 1955 3 beds 1 baths ∙ 1,806 Sqft ∙ Built 1955
    LEASED 11/18/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,300
    • $1.83
    •  
  • 786 W 26th Street San Pedro, CA 5
    • 3 beds 3 baths ∙ 1,768 Sqft ∙ Built 1955 3 beds 3 baths ∙ 1,768 Sqft ∙ Built 1955
    LEASED 10/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,500
    • $1.98
    •  
PROPERTY LISTING DETAILS
Greg Geilman
Re/max Estate Properties
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: SB20219225
Last Updated: 11/01/2020
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