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1874 Los Encinos Avenue Glendale, CA 91208

3 Beds 2 Baths 2,146 sqft Built 1963

$1,098,000

List Price

$3,810

$3.6K - $4.1K

Rent Est.

PROPERTY INFO

December 01, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1963
  • Price/Sqft : $511.65
  • 7 Days on Market
  • MLS # : 320004210
  • Updated Date : 11/30/2020 at 21:42
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,146 sqft
  • Baths : 2 full
Listing Agent

Global Capital Advisors, Inc.

Listing Agent's Description

Wonderful mid century gem tastefully remodeled and ready for your family to move in. Beautiful private backyard ready to host your family and friends or to spend a quiet evening in nature! Additional space downstairs is perfect for an office or workspace! Come and make this stunning Verdugo Woodlands home yours!

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MARKET HIGHLIGHTS

  • 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)
  • 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)

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
John C. Fremont Elementary School Primary Regular 690 25 8
Rosemont Middle School Middle Regular 1,269 47 9
Crescenta Valley Senior High School High Regular 2,693 97 9

John C. Fremont Elementary School

  • Education Level: Primary
  • # of students: 690
  • # of teachers: 25
8
GreatSchools Rating

Rosemont Middle School

  • Education Level: Middle
  • # of students: 1,269
  • # of teachers: 47
9
GreatSchools Rating

Crescenta Valley Senior High School

  • Education Level: High
  • # of students: 2,693
  • # of teachers: 97
9
GreatSchools Rating
 

$988,200$1,207,800$1,098,000

PURCHASE PRICE

$3,429$4,191$3,810

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,810
EXPENSES Loan Payment -$4,051
Property Tax -$1,056
Property Insurance -$79
Property Management Fees -$187
CASH FLOW
-$1,563

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.

$1,098,000

PROJECTED PRICE

$3,810

PROJECTED RENT

0.35%

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

PROJECTED ANNUAL CASH FLOW

11530-$20k-$10k$0.0$10k

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$296,720

INVESTMENT

$296,720

Down Payment
$274,500
Rehab Estimate
$5,750
Closing Costs
$16,470

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$4,051

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $274,500
Loan Amount $823,500
See What Happens When You Reinvest Cash Flow

0.33

YEARS SAVED

$794

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,810

    LIST RENT
  • $1.78

    LIST RENT PER SQFT
  • $4,442

    COMP ESTIMATED VALUE
  • $2.07

    COMP AVG. RENT PER SQFT
Comps Range
$3,810
1$3,8102$4,0003$4,3004$4,5005$4,750
$4,750
RENT COMPS ANALYSIS
  • 1874 Los Encinos Avenue Glendale, CA 1
    • 3 beds 2 baths ∙ 2,146 Sqft ∙ Built 1963 3 beds 2 baths ∙ 2,146 Sqft ∙ Built 1963
    • Rent
    • Rent Per SQFT
    •  
    • $3,810
    • $1.78
    •  
  • 2781 Mira Vista Drive Glendale, CA 2
    • 3 beds 3 baths ∙ 1,958 Sqft ∙ Built 1976 3 beds 3 baths ∙ 1,958 Sqft ∙ Built 1976
    LEASED 07/24/19
    • Rent
    • Rent Per SQFT
    •  
    • $4,000
    • $2.04
    •  
  • 1505 Royal Boulevard Glendale, CA 3
    • 4 beds 2 baths ∙ 2,056 Sqft ∙ Built 1951 4 beds 2 baths ∙ 2,056 Sqft ∙ Built 1951
    LEASED 08/14/19
    • Rent
    • Rent Per SQFT
    •  
    • $4,300
    • $2.09
    •  
  • 2414 Delisle Court Glendale, CA 4
    • 4 beds 3 baths ∙ 2,264 Sqft ∙ Built 1963 4 beds 3 baths ∙ 2,264 Sqft ∙ Built 1963
    LEASED 08/13/20
    • Rent
    • Rent Per SQFT
    •  
    • $4,500
    • $1.99
    •  
  • 1980 Crestshire Drive Glendale, CA 5
    • 4 beds 2 baths ∙ 2,200 Sqft ∙ Built 1965 4 beds 2 baths ∙ 2,200 Sqft ∙ Built 1965
    LEASED 08/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $4,750
    • $2.16
    •  
PROPERTY LISTING DETAILS
Gary Mkrtichyan
Global Capital Advisors, Inc.
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: 320004210
Last Updated: 11/30/2020
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