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2076 El Sereno Avenue Pasadena, CA 91103

4 Beds 1 Baths 2,101 sqft Built 1916

$1,079,900

List Price

$3,390

$3.1K - $3.6K

Rent Est.

PROPERTY INFO

February 02, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1916
  • Price/Sqft : $513.99
  • 7 Days on Market
  • MLS # : 320004822
  • Updated Date : 02/06/2021 at 14:20
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,101 sqft
  • Baths : 1 full
Listing Agent

Keller Williams R.e. Services

Listing Agent's Description

Charming Craftsman style home with pretty front porch. Permitted unit over 4 car garage. Home offers 3 bedrooms with 2 baths, open kitchen, formal dining room and master suite. There is a lovely deck and yard. The newer back unit is perfect for extended family or in laws. It features 1 spacious bedroom , den/office that can serve as a tandem bedroom and 1 bath, private laundry and balcony.

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: Natha

NeighborhoodNIR Market*CityMarket2010Year20002019200k250k300k350k400k450k500k550k600k650k700k750k800k850kPrice in $173k855k

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

Neighborhood: Natha

NeighborhoodNIR Market*CityMarket2010Year2000 Q42019 Q214001600180020002200240026002800300032003400Rent in $13973569

* 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
Jackson Stem Dual Language Magnet School Primary Regular 419 18 3
Washington Middle School Middle Regular 513 28 1
John Muir High School High Regular 919 55 3

Jackson Stem Dual Language Magnet School

  • Education Level: Primary
  • # of students: 419
  • # of teachers: 18
3
GreatSchools Rating

Washington Middle School

  • Education Level: Middle
  • # of students: 513
  • # of teachers: 28
1
GreatSchools Rating

John Muir High School

  • Education Level: High
  • # of students: 919
  • # of teachers: 55
3
GreatSchools Rating
 

$971,910$1,187,890$1,079,900

PURCHASE PRICE

$3,051$3,729$3,390

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,390
EXPENSES Loan Payment -$3,751
Property Tax -$1,049
Property Insurance -$78
Property Management Fees -$166
CASH FLOW
-$1,654

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.

$1,079,900

PROJECTED PRICE

$3,390

PROJECTED RENT

0.31%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.48%
Appreciation Year (1-5) 11.0%
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$3.0M$3.5M$4.0M

PROJECTED ANNUAL CASH FLOW

11530-$25k-$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$3.0M$3.5M$4.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$291,924

INVESTMENT

$291,924

Down Payment
$269,975
Rehab Estimate
$5,750
Closing Costs
$16,199

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$3,751

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $269,975
Loan Amount $809,925
See What Happens When You Reinvest Cash Flow

0.17

YEARS SAVED

$104

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,390

    LIST RENT
  • $1.61

    LIST RENT PER SQFT
  • $3,754

    COMP ESTIMATED VALUE
  • $1.79

    COMP AVG. RENT PER SQFT
Comps Range
$3,200
1$3,2002$3,3903$4,5004$4,600
$4,600
RENT COMPS ANALYSIS
  • 2076 El Sereno Avenue Pasadena, CA 2
    • 4 beds 3 baths ∙ 2,101 Sqft ∙ Built 1916 4 beds 3 baths ∙ 2,101 Sqft ∙ Built 1916
    • Rent
    • Rent Per SQFT
    •  
    • $3,390
    • $1.61
    •  
  • 1591 Wesley Avenue Pasadena, CA 1
    • 4 beds 2 baths ∙ 2,000 Sqft ∙ Built 1925 4 beds 2 baths ∙ 2,000 Sqft ∙ Built 1925
    LEASED 10/19/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,200
    • $1.60
    •  
  • 549 E Elizabeth Street Pasadena, CA 3
    • 5 beds 3 baths ∙ 2,398 Sqft ∙ Built 1924 5 beds 3 baths ∙ 2,398 Sqft ∙ Built 1924
    LEASED 05/26/20
    • Rent
    • Rent Per SQFT
    •  
    • $4,500
    • $1.88
    •  
  • 2541 Marengo Avenue Altadena, CA 4
    • 3 beds 3 baths ∙ 2,443 Sqft ∙ Built 1927 3 beds 3 baths ∙ 2,443 Sqft ∙ Built 1927
    LEASED 08/21/19
    • Rent
    • Rent Per SQFT
    •  
    • $4,600
    • $1.88
    •  
PROPERTY LISTING DETAILS
Rita Navarrete
Keller Williams R.e. Services
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: 320004822
Last Updated: 02/06/2021
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