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1735 Idlewood Road Glendale, CA 91202

4 Beds 3 Baths 2,261 sqft Built 1925

$1,025,000

List Price

$4,530

$4.3K - $4.8K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 13, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1925
  • Price/Sqft : $453.34
  • 3 Days on Market
  • MLS # : 21705066
  • Updated Date : 03/12/2021 at 20:54
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,261 sqft
  • Baths : 3 full
Listing Agent

Compass

Listing Agent's Description

Bring your contractor - fixer with major potential! Situated in northeast Glendale at the base of the Verdugo Mountains is this charming traditional home waiting for your designer's touch! Upon entering the home the foyer leads you into a light-filled living room with fireplace feature and high, vaulted ceilings, and then on into the formal dining room - ideal for family meals. The kitchen is a blank slate with original solid wood cabinetry and butler's pantry for plenty of storage. Down the hall are three spacious bedrooms and three baths, one with a claw foot tub! The home also includes an attached guest house with a separate entrance and attached 2-car garage. Just outside is the backyard with multiple patios, fruit trees and a deep pool ready to be brought back to life. Close to hiking, mountain biking and horse riding trails! Completely reimagine this property into your next dream home.

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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)
  • As part of Southern California area, Los Angeles market inherits all the benefits from the area.
  • 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]
  • 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)
  • 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: Glenwood

NeighborhoodNIR Market*CityMarket2010Year20002019200k300k400k500k600k700k800k900k1000kPrice in $199k1022k

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

Neighborhood: Glenwood

NeighborhoodNIR Market*CityMarket2010Year2000 Q42019 Q218002000220024002600280030003200340036003800Rent in $17843979

* 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
Eleanor J. Toll Middle School Middle Regular 1,156 44 7
Herbert Hoover Senior High School High Regular 1,719 70 7

Eleanor J. Toll Middle School

  • Education Level: Middle
  • # of students: 1,156
  • # of teachers: 44
7
GreatSchools Rating

Herbert Hoover Senior High School

  • Education Level: High
  • # of students: 1,719
  • # of teachers: 70
7
GreatSchools Rating
 

$922,500$1,127,500$1,025,000

PURCHASE PRICE

$4,077$4,983$4,530

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $4,530
EXPENSES Loan Payment -$3,560
Property Tax -$989
Property Insurance -$82
Property Management Fees -$222
CASH FLOW
-$323

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.

$1,025,000

PROJECTED PRICE

$4,530

PROJECTED RENT

0.44%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.56%
Appreciation Year (1-5) 9.2%
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

PROJECTED ANNUAL CASH FLOW

11530-$10k$0.0$10k$20k$30k$40k

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$277,375

INVESTMENT

$277,375

Down Payment
$256,250
Rehab Estimate
$5,750
Closing Costs
$15,375

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$3,560

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $256,250
Loan Amount $768,750
See What Happens When You Reinvest Cash Flow

4.67

YEARS SAVED

$50,114

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $4,530

    LIST RENT
  • $2

    LIST RENT PER SQFT
  • $4,793

    COMP ESTIMATED VALUE
  • $2.12

    COMP AVG. RENT PER SQFT
Comps Range
$4,000
1$4,0002$4,2953$4,5304$4,8505$4,950
$4,950
RENT COMPS ANALYSIS
  • 1735 Idlewood Road Glendale, CA 3
    • 4 beds 3 baths ∙ 2,261 Sqft ∙ Built 1925 4 beds 3 baths ∙ 2,261 Sqft ∙ Built 1925
    • Rent
    • Rent Per SQFT
    •  
    • $4,530
    • $2.00
    •  
  • 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
    LEASED 10/31/19
    • Rent
    • Rent Per SQFT
    •  
    • $4,000
    • $2.07
    •  
  • 1254 Idlewood Road Glendale, CA 2
    • 3 beds 3 baths ∙ 2,033 Sqft ∙ Built 1938 3 beds 3 baths ∙ 2,033 Sqft ∙ Built 1938
    LEASED 08/29/20
    • Rent
    • Rent Per SQFT
    •  
    • $4,295
    • $2.11
    •  
  • 1407 5th Street Glendale, CA 4
    • 3 beds 3 baths ∙ 2,162 Sqft ∙ Built 1928 3 beds 3 baths ∙ 2,162 Sqft ∙ Built 1928
    LEASED 07/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $4,850
    • $2.24
    •  
  • 1635 Grandview Avenue Glendale, CA 5
    • 4 beds 3 baths ∙ 2,400 Sqft ∙ Built 1940 4 beds 3 baths ∙ 2,400 Sqft ∙ Built 1940
    LEASED 04/06/20
    • Rent
    • Rent Per SQFT
    •  
    • $4,950
    • $2.06
    •  
PROPERTY LISTING DETAILS
David Berg
Compass
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: 21705066
Last Updated: 03/12/2021
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