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2261 El Arbolita Drive Glendale, CA 91208

3 Beds 2 Baths 1,929 sqft Built 1971

$1,185,000

List Price

$3,810

$3.6K - $4.1K

Rent Est.

PROPERTY INFO

FACTS
  • Single Family
  • Built In 1971
  • Price/Sqft : $614.31
  • 26 Days on Market
  • MLS # : 320004281
  • Updated Date : 01/08/2021 at 08:46
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,929 sqft
  • Baths : 2 full
Listing Agent

Coldwell Banker Hallmark Realt

Listing Agent's Description

This single level home is sited on a quiet cul-de-sac in Montecito Park. Upon entering you will be welcomed by an open floorplan and an abundance of natural light. Interior spaces open to a beautiful yard complete with outdoor kitchen, fireplace, sink, refrigerator and built-in barbeque. In addition to a grassy play yard, there is a spa. Inside there is a living room with bay window and fireplace, large family room, and bedroom retreat with walk in closet.

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: Montecito Park

NeighborhoodNIR Market*CityMarket2010Year20002019200k300k400k500k600k700k800k900kPrice in $199k993k

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

Neighborhood: Montecito Park

NeighborhoodNIR Market*CityMarket2010Year2000 Q42019 Q2180020002200240026002800300032003400360038004000Rent in $17844187

* 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
John C. Fremont Elementary School Primary Regular 690 25 8
Rosemont Middle School Middle Regular 1,269 47 9
Crescenta Valley Senior High School High Regular 2,693 97 9

John C. Fremont Elementary School

  • Education Level: Primary
  • # of students: 690
  • # of teachers: 25
8
GreatSchools Rating

Rosemont Middle School

  • Education Level: Middle
  • # of students: 1,269
  • # of teachers: 47
9
GreatSchools Rating

Crescenta Valley Senior High School

  • Education Level: High
  • # of students: 2,693
  • # of teachers: 97
9
GreatSchools Rating
 

$1,066,500$1,303,500$1,185,000

PURCHASE PRICE

$3,429$4,191$3,810

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,810
EXPENSES Loan Payment -$4,116
Property Tax -$1,140
Property Insurance -$74
Property Management Fees -$187
CASH FLOW
-$1,706

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.

$1,185,000

PROJECTED PRICE

$3,810

PROJECTED RENT

0.32%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.56%
Appreciation Year (1-5) 5.1%
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-$30k-$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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$319,775

INVESTMENT

$319,775

Down Payment
$296,250
Rehab Estimate
$5,750
Closing Costs
$17,775

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$4,116

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $296,250
Loan Amount $888,750
See What Happens When You Reinvest Cash Flow

0.25

YEARS SAVED

$242

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,810

    LIST RENT
  • $1.98

    LIST RENT PER SQFT
  • $4,157

    COMP ESTIMATED VALUE
  • $2.16

    COMP AVG. RENT PER SQFT
Comps Range
$3,810
1$3,8102$4,0003$4,0004$4,2005$4,750
$4,750
RENT COMPS ANALYSIS
  • 2261 El Arbolita Drive Glendale, CA 1
    • 3 beds 2 baths ∙ 1,929 Sqft ∙ Built 1971 3 beds 2 baths ∙ 1,929 Sqft ∙ Built 1971
    • Rent
    • Rent Per SQFT
    •  
    • $3,810
    • $1.98
    •  
  • 4737 Angeles Crest Highway La Canada Flintridge, CA 2
    • 3 beds 1 baths ∙ 1,898 Sqft ∙ Built 1967 3 beds 1 baths ∙ 1,898 Sqft ∙ Built 1967
    LEASED 06/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $4,000
    • $2.11
    •  
  • 2781 Mira Vista Drive Glendale, CA 3
    • 3 beds 3 baths ∙ 1,958 Sqft ∙ Built 1976 3 beds 3 baths ∙ 1,958 Sqft ∙ Built 1976
    LEASED 07/24/19
    • Rent
    • Rent Per SQFT
    •  
    • $4,000
    • $2.04
    •  
  • 1811 Coro Terrace Glendale, CA 4
    • 3 beds 2 baths ∙ 1,818 Sqft ∙ Built 1954 3 beds 2 baths ∙ 1,818 Sqft ∙ Built 1954
    LEASED 04/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $4,200
    • $2.31
    •  
  • 1980 Crestshire Drive Glendale, CA 5
    • 4 beds 2 baths ∙ 2,200 Sqft ∙ Built 1965 4 beds 2 baths ∙ 2,200 Sqft ∙ Built 1965
    LEASED 08/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $4,750
    • $2.16
    •  
PROPERTY LISTING DETAILS
Phyllis Harb
Coldwell Banker Hallmark Realt
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: 320004281
Last Updated: 01/08/2021
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