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236 E Del Amo Boulevard Long Beach, CA 90805

4 Beds 2 Baths 1,431 sqft Built 1938

$565,000

List Price

$2,840

$2.6K - $3.1K

Rent Est.

PROPERTY INFO

FACTS
  • Single Family
  • Built In 1938
  • Price/Sqft : $394.83
  • 28 Days on Market
  • MLS # : PW21011522
  • Updated Date : 02/12/2021 at 14:46
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,431 sqft
  • Baths : 2 full
Listing Agent

Amberwood Real Estate, Inc.

Listing Agent's Description

Spacious ready to move in 4 bedroom and 2 bathroom in the central location of Long Beach as it is in close proximity to freeways, restaurants and farmers market. Come see for yourself how well kept the home is and it is definitely waiting to be yours.

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: Addams

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450k500k550k600kPrice in $126k622k

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

Neighborhood: Addams

NeighborhoodNIR Market*CityMarket2010Year2000 Q42019 Q2120014001600180020002200240026002800Rent in $10602941

* 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
Dooley Elementary School Primary Magnet 1,102 41 5
Lindsey Academy Middle Magnet 860 31 3
Jordan High School High Regular 3,367 133 2

Dooley Elementary School

  • Education Level: Primary
  • # of students: 1,102
  • # of teachers: 41
5
GreatSchools Rating

Lindsey Academy

  • Education Level: Middle
  • # of students: 860
  • # of teachers: 31
3
GreatSchools Rating

Jordan High School

  • Education Level: High
  • # of students: 3,367
  • # of teachers: 133
2
GreatSchools Rating
 

$508,500$621,500$565,000

PURCHASE PRICE

$2,556$3,124$2,840

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,840
EXPENSES Loan Payment -$1,962
Property Tax -$612
Property Insurance -$62
Property Management Fees -$139
CASH FLOW
$64

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.

$565,000

PROJECTED PRICE

$2,840

PROJECTED RENT

0.50%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.35%
Appreciation Year (1-5) 8.7%
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

PROJECTED ANNUAL CASH FLOW

11530$0.0$5.0k$10k$15k$20k$25k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M$1.6M$1.8M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$155,475

INVESTMENT

$155,475

Down Payment
$141,250
Rehab Estimate
$5,750
Closing Costs
$8,475

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 45% down payment or higher enables the proceeds from the asset to cover all costs.

$1,962

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $141,250
Loan Amount $423,750
See What Happens When You Reinvest Cash Flow

7.25

YEARS SAVED

$51,221

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,840

    LIST RENT
  • $1.98

    LIST RENT PER SQFT
  • $2,769

    COMP ESTIMATED VALUE
  • $1.94

    COMP AVG. RENT PER SQFT
Comps Range
$2,400
1$2,4002$2,8003$2,8404$2,8505$2,950
$2,950
RENT COMPS ANALYSIS
  • 236 E Del Amo Boulevard Long Beach, CA 3
    • 4 beds 2 baths ∙ 1,431 Sqft ∙ Built 1938 4 beds 2 baths ∙ 1,431 Sqft ∙ Built 1938
    • Rent
    • Rent Per SQFT
    •  
    • $2,840
    • $1.98
    •  
  • 124 W Zane Street Long Beach, CA 1
    • 3 beds 1 baths ∙ 1,303 Sqft ∙ Built 1948 3 beds 1 baths ∙ 1,303 Sqft ∙ Built 1948
    LEASED 09/13/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,400
    • $1.84
    •  
  • 138 E Louise Street Long Beach, CA 2
    • 3 beds 2 baths ∙ 1,483 Sqft ∙ Built 1937 3 beds 2 baths ∙ 1,483 Sqft ∙ Built 1937
    LEASED 03/27/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,800
    • $1.89
    •  
  • 3946 N Marshall Way Long Beach, CA 4
    • 3 beds 1 baths ∙ 1,395 Sqft ∙ Built 1941 3 beds 1 baths ∙ 1,395 Sqft ∙ Built 1941
    LEASED 11/14/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,850
    • $2.04
    •  
  • 4743 Boyar Avenue Long Beach, CA 5
    • 3 beds 2 baths ∙ 1,496 Sqft ∙ Built 1942 3 beds 2 baths ∙ 1,496 Sqft ∙ Built 1942
    LEASED 10/08/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,950
    • $1.97
    •  
PROPERTY LISTING DETAILS
Michael Avendano
Amberwood Real Estate, Inc.
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: PW21011522
Last Updated: 02/12/2021
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