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1625 Trenton Avenue Glendale, CA 91206

3 Beds 1 Baths 1,713 sqft Built 1935

$948,000

List Price

$3,740

$3.5K - $4K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
February 23, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1935
  • Price/Sqft : $553.42
  • 7 Days on Market
  • MLS # : P1-3454
  • Updated Date : 02/22/2021 at 20:25
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,713 sqft
  • Baths : 1 full
Listing Agent

Cornerstone Real Estate Serv.

Listing Agent's Description

Welcome to this lovely 2-story Spanish Revival featuring all of the charm of a quintessential Spanish residence. Perched above street level on a quiet cul-de-sac, this 2 bedroom one bath home offers a quaint 1 bed/1 bath guest/rental unit. As you enter the living room through an oversized wood door, the focal point is a handsome Batchelder style fireplace illuminated by a large picture window and traditional wall sconces. The hardwood floors of the living and dining rooms are complimented by warm toned walls, while the home is uniquely decorated with traditional elements such as crown molding, a soft archway, alcoves and wrought iron accents. Additionally, the spacious kitchen features crown molding, custom lighting and a charming bay window. The upper level is comprised of two bedrooms; one of which offers a walk-through hall with built-in dresser and vanity that provides direct access to the full bath, the other of which provides direct access to the rear yard. Completely enclosed and newly landscaped, the rear yard features a brick walk that leads to the upper yard, which hosts a flagstone patio and brick fireplace.Great for entertaining! Adjacent to the main house is the quaint guest unit. Featuring a living room, updated bath, a full kitchen with a bank of windows that look onto the rear yard, and a bedroom with a walk-in closet! Newer dual pane windows throughout, central air/heat & ceiling fans, this residence has an intimate feel with an abundance of character!

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MARKET HIGHLIGHTS

  • Southern California area contributes to 55.3% of California state economy i.e. Gross State Product (USMayors.org, 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)
  • 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 has 58.7% labor force participation rate; within this area, Los Angeles metro has 62.3% labor force participation rate (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)
  • 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]
  • 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)

PRICE & RENT TRENDS

Neighborhood: Woodbury

NeighborhoodNIR Market*CityMarket2010Year20002019200k250k300k350k400k450k500k550k600k650k700k750k800k850k900kPrice in $199k911k

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

Neighborhood: Woodbury

NeighborhoodNIR Market*CityMarket2010Year2000 Q42019 Q218002000220024002600280030003200340036003800Rent in $17843874

* 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
 

$853,200$1,042,800$948,000

PURCHASE PRICE

$3,366$4,114$3,740

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,740
EXPENSES Loan Payment -$3,293
Property Tax -$912
Property Insurance -$68
Property Management Fees -$183
CASH FLOW
-$716

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.

$948,000

PROJECTED PRICE

$3,740

PROJECTED RENT

0.39%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.56%
Appreciation Year (1-5) 8.4%
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

PROJECTED ANNUAL CASH FLOW

11530-$15k-$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$2.5M$3.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$256,970

INVESTMENT

$256,970

Down Payment
$237,000
Rehab Estimate
$5,750
Closing Costs
$14,220

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$3,293

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $237,000
Loan Amount $711,000
See What Happens When You Reinvest Cash Flow

2.42

YEARS SAVED

$16,750

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,740

    LIST RENT
  • $2.18

    LIST RENT PER SQFT
  • $4,064

    COMP ESTIMATED VALUE
  • $2.37

    COMP AVG. RENT PER SQFT
Comps Range
$3,200
1$3,2002$3,5003$3,5004$3,7405$4,200
$4,200
RENT COMPS ANALYSIS
  • 1625 Trenton Avenue Glendale, CA 4
    • 3 beds 1 baths ∙ 1,713 Sqft ∙ Built 1935 3 beds 1 baths ∙ 1,713 Sqft ∙ Built 1935
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $3,740
    • $2.18
    •  
  • 1132 E Orange Grove Avenue Glendale, CA 1
    • 3 beds 2 baths ∙ 1,400 Sqft ∙ Built 1922 3 beds 2 baths ∙ 1,400 Sqft ∙ Built 1922
    property image
    LEASED 08/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,200
    • $2.29
    •  
  • 733 N Glendale Avenue Glendale, CA 2
    • 3 beds 2 baths ∙ 1,526 Sqft ∙ Built 1931 3 beds 2 baths ∙ 1,526 Sqft ∙ Built 1931
    property image
    LEASED 09/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,500
    • $2.29
    •  
  • 2230 E Glenoaks Boulevard Glendale, CA 3
    • 3 beds 2 baths ∙ 1,533 Sqft ∙ Built 1926 3 beds 2 baths ∙ 1,533 Sqft ∙ Built 1926
    property image
    LEASED 10/07/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,500
    • $2.28
    •  
  • 1431 Stanley Avenue Glendale, CA 5
    • 4 beds 2 baths ∙ 1,596 Sqft ∙ Built 1925 4 beds 2 baths ∙ 1,596 Sqft ∙ Built 1925
    property image
    LEASED 11/07/19
    • Rent
    • Rent Per SQFT
    •  
    • $4,200
    • $2.63
    •  
PROPERTY LISTING DETAILS
Dick Davis
Cornerstone Real Estate Serv.
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: P1-3454
Last Updated: 02/22/2021
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