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220 Anita Drive Pasadena, CA 91105

3 Beds 1 Baths 1,631 sqft Built 1950

$1,250,000

List Price

$4,030

$3.8K - $4.3K

Rent Est.

PROPERTY INFO

February 10, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1950
  • Price/Sqft : $766.40
  • 6 Days on Market
  • MLS # : P1-3269
  • Updated Date : 02/12/2021 at 14:33
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,631 sqft
  • Baths : 1 full
Listing Agent

Compass

Listing Agent's Description

This exquisitely renovated view home is well located in the San Rafael hills, showcasing an open floor plan with excellent access to the re-landscaped private yard, the resort-like pool and spa with waterfall feature, as well as the gorgeous new Sedona by Lynx built-in barbecue / outdoor kitchen with quartz countertop and covered patio. Designed well for entertainment, the main living room is open to the eat-in kitchen and breakfast bar and boasts an updated kitchen with stainless steel appliances, skylights, and plenty of storage. This home is turnkey! Features include newly refinished hardwood floors, freshly painted inside and out, formal dining room, new lighting throughout, updated dual pane windows and sliding door, central air and heating, whole house fan, 3 remodeled bathrooms (2 are brand new), upstairs bedroom closets are new, and full copper plumbing. A lower guest suite with a new 3/4 bathroom is accessed by its own private entrance and would also make a great home office. The pebble tec pool was refinished in 2020. Come home and relax in this private oasis!

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: Annandale

NeighborhoodNIR Market*CityMarket2010Year20002019200k400k600k800k1000k1200k1400k1600k1800k2000k2200kPrice in $199k2216k

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

Neighborhood: Annandale

NeighborhoodNIR Market*CityMarket2010Year2000 Q42019 Q220002500300035004000450050005500600065007000750080008500Rent in $17848719

* 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
San Rafael Elementary School Primary Magnet 435 18 7

San Rafael Elementary School

  • Education Level: Primary
  • # of students: 435
  • # of teachers: 18
7
GreatSchools Rating
 

$1,125,000$1,375,000$1,250,000

PURCHASE PRICE

$3,627$4,433$4,030

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $4,030
EXPENSES Loan Payment -$4,342
Property Tax -$1,215
Property Insurance -$67
Property Management Fees -$197
CASH FLOW
-$1,790

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.

$1,250,000

PROJECTED PRICE

$4,030

PROJECTED RENT

0.32%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.65%
Appreciation Year (1-5) 6.1%
Maintenance Year (1-5) 8.00%
Vacancy 5.10%
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$337,000

INVESTMENT

$337,000

Down Payment
$312,500
Rehab Estimate
$5,750
Closing Costs
$18,750

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$4,342

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $312,500
Loan Amount $937,500
See What Happens When You Reinvest Cash Flow

0.25

YEARS SAVED

$325

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $4,030

    LIST RENT
  • $2.47

    LIST RENT PER SQFT
  • $4,016

    COMP ESTIMATED VALUE
  • $2.46

    COMP AVG. RENT PER SQFT
Comps Range
$3,700
1$3,7002$3,7003$4,0004$4,0305$4,650
$4,650
RENT COMPS ANALYSIS
  • 220 Anita Drive Pasadena, CA 4
    • 3 beds 1 baths ∙ 1,631 Sqft ∙ Built 1950 3 beds 1 baths ∙ 1,631 Sqft ∙ Built 1950
    • Rent
    • Rent Per SQFT
    •  
    • $4,030
    • $2.47
    •  
  • 431 Cherry Drive Pasadena, CA 1
    • 3 beds 2 baths ∙ 1,518 Sqft ∙ Built 1958 3 beds 2 baths ∙ 1,518 Sqft ∙ Built 1958
    LEASED 05/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,700
    • $2.44
    •  
  • 1340 Doremus Road Pasadena, CA 2
    • 3 beds 2 baths ∙ 1,636 Sqft ∙ Built 1958 3 beds 2 baths ∙ 1,636 Sqft ∙ Built 1958
    LEASED 04/18/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,700
    • $2.26
    •  
  • 1413 Brixton Road Pasadena, CA 3
    • 3 beds 2 baths ∙ 1,601 Sqft ∙ Built 1954 3 beds 2 baths ∙ 1,601 Sqft ∙ Built 1954
    LEASED 08/27/19
    • Rent
    • Rent Per SQFT
    •  
    • $4,000
    • $2.50
    •  
  • 44 San Miguel Road Pasadena, CA 5
    • 3 beds 2 baths ∙ 1,754 Sqft ∙ Built 1935 3 beds 2 baths ∙ 1,754 Sqft ∙ Built 1935
    LEASED 06/26/20
    • Rent
    • Rent Per SQFT
    •  
    • $4,650
    • $2.65
    •  
PROPERTY LISTING DETAILS
Sarah Rogers
Compass
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: P1-3269
Last Updated: 02/12/2021
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