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1913 N Rose Street Burbank, CA 91505

3 Beds 2 Baths 1,930 sqft Built 1939

$1,149,000

List Price

$3,840

$3.6K - $4.1K

Rent Est.

PROPERTY INFO

November 07, 2020 RECENTLY ADDED
FACTS
  • Built In 1939
  • Price/Sqft : $595.34
  • 3 Days on Market
  • MLS # : 20656392
  • Updated Date : 11/07/2020 at 16:52
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,930 sqft
  • Baths : 2 full
Listing Agent

Compass

Listing Agent's Description

Stunning, remodeled 3 bed, 3 bath home. Living room features oak floors, fireplace w/custom mantle and quartz hearth, and is open to the dining area and kitchen. The kitchen highlights Italian porcelain flooring, labradorite granite, Italian ceramic backsplash, fireclay farmhouse sink, wine fridge, and 2 Bosch dishwashers. The master has a vaulted ceiling, walk-in closet, and master bath with dual sink vanity, Italian porcelain tile, custom soapstone countertops, walk in shower w/frameless glass, and jetted tub. The other 2 beds feature wood floors and ample closet storage. The 2nd bath features a marble topped vanity, mirrored medicine cabinet, and shower/tub combo. The family room is situated on the opposite side of the home and features a brick wall w/mantle, built-in cabinets, gas fireplace, and sliding glass door to the outdoor patio. There is an additional 3rd bathroom adjacent to the kitchen and family room, and a separate laundry room. Ask for upgrade list a must see!

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • 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)

PRICE & RENT TRENDS

Neighborhood: Northwest District

NeighborhoodNIR Market*CityMarket2010Year20002019200k250k300k350k400k450k500k550k600k650k700k750k800k850kPrice in $199k856k

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

Neighborhood: Northwest District

NeighborhoodNIR Market*CityMarket2010Year2000 Q42019 Q21800200022002400260028003000320034003600Rent in $16833697

* 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
Bret Harte Elementary School Primary Regular 676 23 8
Luther Burbank Middle School Middle Regular 1,102 45 6
John Burroughs High School High Regular 2,649 108 8

Bret Harte Elementary School

  • Education Level: Primary
  • # of students: 676
  • # of teachers: 23
8
GreatSchools Rating

Luther Burbank Middle School

  • Education Level: Middle
  • # of students: 1,102
  • # of teachers: 45
6
GreatSchools Rating

John Burroughs High School

  • Education Level: High
  • # of students: 2,649
  • # of teachers: 108
8
GreatSchools Rating
 

$1,034,100$1,263,900$1,149,000

PURCHASE PRICE

$3,456$4,224$3,840

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,840
EXPENSES Loan Payment -$4,239
Property Tax -$1,071
Property Insurance -$74
Property Management Fees -$188
CASH FLOW
-$1,732

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.

$1,149,000

PROJECTED PRICE

$3,840

PROJECTED RENT

0.33%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.56%
Appreciation Year (1-5) 8.2%
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-$30k-$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$310,235

INVESTMENT

$310,235

Down Payment
$287,250
Rehab Estimate
$5,750
Closing Costs
$17,235

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$4,239

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $287,250
Loan Amount $861,750
See What Happens When You Reinvest Cash Flow

0.25

YEARS SAVED

$411

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,840

    LIST RENT
  • $1.99

    LIST RENT PER SQFT
  • $3,903

    COMP ESTIMATED VALUE
  • $2.02

    COMP AVG. RENT PER SQFT
Comps Range
$3,300
1$3,3002$3,4003$3,5004$3,6005$3,840
$3,840
RENT COMPS ANALYSIS
  • 1913 N Rose Street Burbank, CA 5
    • 3 beds 2 baths ∙ 1,930 Sqft ∙ Built 1939 3 beds 2 baths ∙ 1,930 Sqft ∙ Built 1939
    • Rent
    • Rent Per SQFT
    •  
    • $3,840
    • $1.99
    •  
  • 5630 Craner Avenue North Hollywood, CA 1
    • 3 beds 2 baths ∙ 1,600 Sqft ∙ Built 1948 3 beds 2 baths ∙ 1,600 Sqft ∙ Built 1948
    LEASED 06/16/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,300
    • $2.06
    •  
  • 3715 W Victory Boulevard Burbank, CA 2
    • 3 beds 2 baths ∙ 1,863 Sqft ∙ Built 1940 3 beds 2 baths ∙ 1,863 Sqft ∙ Built 1940
    LEASED 10/29/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,400
    • $1.83
    •  
  • 5851 Satsuma Avenue North Hollywood, CA 3
    • 3 beds 2 baths ∙ 1,600 Sqft ∙ Built 1939 3 beds 2 baths ∙ 1,600 Sqft ∙ Built 1939
    LEASED 06/07/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,500
    • $2.19
    •  
  • 1438 N Pepper Street Burbank, CA 4
    • 3 beds 1 baths ∙ 1,794 Sqft ∙ Built 1953 3 beds 1 baths ∙ 1,794 Sqft ∙ Built 1953
    LEASED 08/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,600
    • $2.01
    •  
PROPERTY LISTING DETAILS
Whit Prouty
Compass
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: 20656392
Last Updated: 11/07/2020
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