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2211 W Lincoln Street Long Beach, CA 90810

4 Beds 2 Baths 1,699 sqft Built 1957

$699,998

List Price

$2,780

$2.5K - $3K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 11, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1957
  • Price/Sqft : $412.01
  • 5 Days on Market
  • MLS # : CV21048936
  • Updated Date : 03/10/2021 at 21:41
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,699 sqft
  • Baths : 2 full
Listing Agent

Alpha Real Estate

Listing Agent's Description

Beautiful cozy, warm and loving house! 4bedrooms and 2 bathrooms. Big living room and a family room, updated kitchen with quart counter top. Brand new windows and laminated flooring through all the house. Spacious back yard with fruit tress and more. COME AND SEE IT!!

SEE MORE

MARKET HIGHLIGHTS

  • Southern California area contributes to 55.3% of California state economy i.e. Gross State Product (USMayors.org, 2018)
  • As part of Southern California area, Los Angeles market inherits all the benefits from the area.
  • 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]
  • 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)
  • 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)

PRICE & RENT TRENDS

Neighborhood: Arlington

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450k500k550k600kPrice in $141k622k

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

Neighborhood: Arlington

NeighborhoodNIR Market*CityMarket2010Year2000 Q42019 Q214001600180020002200240026002800Rent in $12252941

* 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 617 26 5
Stephens Middle School Middle Regular 791 32 4
Cabrillo High School High Magnet 2,768 112 3

Webster Elementary School

  • Education Level: Primary
  • # of students: 617
  • # of teachers: 26
5
GreatSchools Rating

Stephens Middle School

  • Education Level: Middle
  • # of students: 791
  • # of teachers: 32
4
GreatSchools Rating

Cabrillo High School

  • Education Level: High
  • # of students: 2,768
  • # of teachers: 112
3
GreatSchools Rating
 

$629,998$769,998$699,998

PURCHASE PRICE

$2,502$3,058$2,780

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,780
EXPENSES Loan Payment -$2,431
Property Tax -$765
Property Insurance -$68
Property Management Fees -$136
CASH FLOW
-$620

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 12% of earned rent to cover both maintenance and periods of vacancy.

$699,998

PROJECTED PRICE

$2,780

PROJECTED RENT

0.40%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.35%
Appreciation Year (1-5) 11.0%
Maintenance Year (1-5) 8.00%
Vacancy 4.14%
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

PROJECTED ANNUAL CASH FLOW

11530-$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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$191,249

INVESTMENT

$191,249

Down Payment
$175,000
Rehab Estimate
$5,750
Closing Costs
$10,500

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 60% down payment or higher enables the proceeds from the asset to cover all costs.

$2,431

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $175,000
Loan Amount $524,999
See What Happens When You Reinvest Cash Flow

1.67

YEARS SAVED

$7,475

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,780

    LIST RENT
  • $1.64

    LIST RENT PER SQFT
  • $2,900

    COMP ESTIMATED VALUE
  • $1.71

    COMP AVG. RENT PER SQFT
Comps Range
$2,500
1$2,5002$2,7803$2,9954$3,300
$3,300
RENT COMPS ANALYSIS
  • 2211 W Lincoln Street Long Beach, CA 2
    • 4 beds 2 baths ∙ 1,699 Sqft ∙ Built 1957 4 beds 2 baths ∙ 1,699 Sqft ∙ Built 1957
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,780
    • $1.64
    •  
  • 3595 Santa Fe Avenue Long Beach, CA 1
    • 3 beds 2 baths ∙ 1,900 Sqft ∙ Built 1977 3 beds 2 baths ∙ 1,900 Sqft ∙ Built 1977
    property image
    LEASED 01/08/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $1.32
    •  
  • 1632 E Albreda Street Carson, CA 3
    • 3 beds 2 baths ∙ 1,441 Sqft ∙ Built 1964 3 beds 2 baths ∙ 1,441 Sqft ∙ Built 1964
    property image
    LEASED 08/27/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,995
    • $2.08
    •  
  • 2482 San Francisco Avenue Long Beach, CA 4
    • 3 beds 3 baths ∙ 1,919 Sqft ∙ Built 1944 3 beds 3 baths ∙ 1,919 Sqft ∙ Built 1944
    property image
    LEASED 02/24/21
    • Rent
    • Rent Per SQFT
    •  
    • $3,300
    • $1.72
    •  
PROPERTY LISTING DETAILS
Laura Ortiz
Alpha Real Estate
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: CV21048936
Last Updated: 03/10/2021
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