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2091 Queensberry Road Pasadena, CA 91104

3 Beds 1 Baths 1,641 sqft Built 1929

$975,000

List Price

$3,500

$3.3K - $3.8K

Rent Est.

PROPERTY INFO

November 12, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1929
  • Price/Sqft : $594.15
  • 4 Days on Market
  • MLS # : P1-2272
  • Updated Date : 11/12/2020 at 18:18
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,641 sqft
  • Baths : 1 full
Listing Agent

The Agency

Listing Agent's Description

Charming English Tudor nestled in the desirable Brigden Ranch Neighborhood. This character home, feels like it belongs in a story book surrounded by matured pine trees. The formal entry with double doors welcomes you to the formal living room, with open beamed ceiling and hardwood floors. The formal dining room features a picture window and window seat and opens to the kitchen with stainless steel appliances and charming breakfast nook. There are 3 bedrooms, two baths, a den/office and lovely sun room. Welcome home!

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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: Brigden Ranch

NeighborhoodNIR Market*CityMarket2010Year20002019200k300k400k500k600k700k800k900k1000kPrice in $199k1007k

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

Neighborhood: Brigden Ranch

NeighborhoodNIR Market*CityMarket2010Year2000 Q42019 Q21800200022002400260028003000320034003600Rent in $17843697

* 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
Webster Elementary School Primary Regular 474 18 6
Charles W. Eliot Arts Magnet Academy Middle Regular 504 27 2
Pasadena High School High Regular 1,903 84 6

Webster Elementary School

  • Education Level: Primary
  • # of students: 474
  • # of teachers: 18
6
GreatSchools Rating

Charles W. Eliot Arts Magnet Academy

  • Education Level: Middle
  • # of students: 504
  • # of teachers: 27
2
GreatSchools Rating

Pasadena High School

  • Education Level: High
  • # of students: 1,903
  • # of teachers: 84
6
GreatSchools Rating
 

$877,500$1,072,500$975,000

PURCHASE PRICE

$3,150$3,850$3,500

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,500
EXPENSES Loan Payment -$3,597
Property Tax -$948
Property Insurance -$67
Property Management Fees -$172
CASH FLOW
-$1,283

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.

$975,000

PROJECTED PRICE

$3,500

PROJECTED RENT

0.36%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.56%
Appreciation Year (1-5) 6.9%
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-$20k-$15k-$10k-$5.0k$0.0$5.0k$10k$15k

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$264,125

INVESTMENT

$264,125

Down Payment
$243,750
Rehab Estimate
$5,750
Closing Costs
$14,625

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 65% down payment or higher enables the proceeds from the asset to cover all costs.

$3,597

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $243,750
Loan Amount $731,250
See What Happens When You Reinvest Cash Flow

0.5

YEARS SAVED

$1,755

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,500

    LIST RENT
  • $2.13

    LIST RENT PER SQFT
  • $3,795

    COMP ESTIMATED VALUE
  • $2.31

    COMP AVG. RENT PER SQFT
Comps Range
$3,500
1$3,5002$3,8003$3,8504$3,9505$4,500
$4,500
RENT COMPS ANALYSIS
  • 2091 Queensberry Road Pasadena, CA 1
    • 3 beds 1 baths ∙ 1,641 Sqft ∙ Built 1929 3 beds 1 baths ∙ 1,641 Sqft ∙ Built 1929
    • Rent
    • Rent Per SQFT
    •  
    • $3,500
    • $2.13
    •  
  • 1872 Queensberry Road Pasadena, CA 2
    • 3 beds 2 baths ∙ 1,707 Sqft ∙ Built 1936 3 beds 2 baths ∙ 1,707 Sqft ∙ Built 1936
    LEASED 08/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,800
    • $2.23
    •  
  • 1532 N Roosevelt Avenue Pasadena, CA 3
    • 3 beds 1 baths ∙ 1,741 Sqft ∙ Built 1936 3 beds 1 baths ∙ 1,741 Sqft ∙ Built 1936
    LEASED 11/06/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,850
    • $2.21
    •  
  • 1997 Casa Grande Street Pasadena, CA 4
    • 3 beds 2 baths ∙ 1,711 Sqft ∙ Built 1926 3 beds 2 baths ∙ 1,711 Sqft ∙ Built 1926
    LEASED 10/11/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,950
    • $2.31
    •  
  • 2242 Cooley Place Pasadena, CA 5
    • 3 beds 2 baths ∙ 1,800 Sqft ∙ Built 1925 3 beds 2 baths ∙ 1,800 Sqft ∙ Built 1925
    LEASED 06/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $4,500
    • $2.50
    •  
PROPERTY LISTING DETAILS
Carla Buigues
The Agency
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: P1-2272
Last Updated: 11/12/2020
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