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2251 Warmouth Street San Pedro, CA 90732

3 Beds 2 Baths 2,823 sqft Built 1964

$1,099,000

List Price

$4,650

$4.4K - $4.9K

Rent Est.

PROPERTY INFO

October 30, 2020 RECENTLY ADDED
FACTS
  • Built In 1964
  • Price/Sqft : $389.30
  • 7 Days on Market
  • MLS # : SB20228191
  • Updated Date : 10/30/2020 at 11:31
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,823 sqft
  • Baths : 2 full
Listing Agent

Fred Dibernardo

Listing Agent's Description

RARE, CUSTOM BUILT, 3 BEDROOM 2 3/4 BATH, LOWER SOUTH SHORES SPRAWLING 1 LEVEL HOME, LOCATED ON A QUIET CUL DE SAC, ONE BLOCK TO THE OCEAN BLUFF AND SCENIC OCEAN TRAILS. A GREAT, OPEN , MID CENTURY RETRO FLOOR PLAN. EXTRA LARGE SEPARATE LIVING ROOM, DINING ROOM, LAUNDRY ROOM AND FAMILY ROOM WITH DIRECT ACCESS TO THE BEAUTIFULLY MANICURED REAR YARD, MAKE THIS HOME IDEAL FOR ENTERTAINING. ALL BEDROOMS ARE OVERSIZED INCLUDING A MASTER BEDROOM SUITE WITH EXTRA ORDINARY CLOSET SPACE. ATTACHED DOUBLE GARAGE WITH DIRECT ACCESS TO THE HOME. HURRY THIS ONE WON'T LAST. PRICED FOR IMMEDIATE SALE. TRUST SALE. PROPERTY IS BEING PURCHASED IN ITS PRESENT AS IS CONDITION.

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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: Coastal San Pedro

NeighborhoodNIR Market*CityMarket2010Year20002019200k250k300k350k400k450k500k550k600k650k700k750k800kPrice in $187k803k

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

Neighborhood: Coastal San Pedro

NeighborhoodNIR Market*CityMarket2010Year2000 Q42019 Q218002000220024002600280030003200Rent in $16353365

* 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
White Point Elementary School Primary Regular 409 18 8
Richard Henry Dana Middle School Middle Regular 1,528 59 2
San Pedro Senior High School High Regular 2,668 104 6

White Point Elementary School

  • Education Level: Primary
  • # of students: 409
  • # of teachers: 18
8
GreatSchools Rating

Richard Henry Dana Middle School

  • Education Level: Middle
  • # of students: 1,528
  • # of teachers: 59
2
GreatSchools Rating

San Pedro Senior High School

  • Education Level: High
  • # of students: 2,668
  • # of teachers: 104
6
GreatSchools Rating
 

$989,100$1,208,900$1,099,000

PURCHASE PRICE

$4,185$5,115$4,650

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $4,650
EXPENSES Loan Payment -$4,055
Property Tax -$1,158
Property Insurance -$95
Property Management Fees -$228
CASH FLOW
-$886

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.

$1,099,000

PROJECTED PRICE

$4,650

PROJECTED RENT

0.42%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.48%
Appreciation Year (1-5) 6.3%
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

PROJECTED ANNUAL CASH FLOW

11530-$20k-$10k$0.0$10k$20k$30k

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$296,985

INVESTMENT

$296,985

Down Payment
$274,750
Rehab Estimate
$5,750
Closing Costs
$16,485

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$4,055

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $274,750
Loan Amount $824,250
See What Happens When You Reinvest Cash Flow

2.42

YEARS SAVED

$23,417

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $4,650

    LIST RENT
  • $1.65

    LIST RENT PER SQFT
  • $5,138

    COMP ESTIMATED VALUE
  • $1.82

    COMP AVG. RENT PER SQFT
Comps Range
$4,650
1$4,6502$4,7003$4,800
$4,800
RENT COMPS ANALYSIS
  • 2251 Warmouth Street San Pedro, CA 1
    • 3 beds 3 baths ∙ 2,823 Sqft ∙ Built 1964 3 beds 3 baths ∙ 2,823 Sqft ∙ Built 1964
    • Rent
    • Rent Per SQFT
    •  
    • $4,650
    • $1.65
    •  
  • 3536 Newridge Drive Rancho Palos Verdes, CA 2
    • 4 beds 3 baths ∙ 2,661 Sqft ∙ Built 1973 4 beds 3 baths ∙ 2,661 Sqft ∙ Built 1973
    LEASED 06/13/19
    • Rent
    • Rent Per SQFT
    •  
    • $4,700
    • $1.77
    •  
  • 3316 Narino Drive Rancho Palos Verdes, CA 3
    • 4 beds 2 baths ∙ 2,570 Sqft ∙ Built 1961 4 beds 2 baths ∙ 2,570 Sqft ∙ Built 1961
    LEASED 07/22/20
    • Rent
    • Rent Per SQFT
    •  
    • $4,800
    • $1.87
    •  
PROPERTY LISTING DETAILS
Fred Dibernardo
Fred Dibernardo
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: SB20228191
Last Updated: 10/30/2020
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