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236 W Santa Anita Avenue Burbank, CA 91502

3 Beds 2 Baths 1,452 sqft Built 1925

$890,000

List Price

$3,830

$3.6K - $4.1K

Rent Est.

PROPERTY INFO

November 12, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1925
  • Price/Sqft : $612.95
  • 5 Days on Market
  • MLS # : 320004003
  • Updated Date : 11/12/2020 at 11:47
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,452 sqft
  • Baths : 2 full
Listing Agent

Remax Optima

Listing Agent's Description

Incredible opportunity to own a Beautiful and Charming Spanish style home in a much desired Burbank neighborhood, as you enter the white picket fence, you'll be greeted on a lighted walkway surrounded by mature trees & beautiful flower beds which welcomes you to this amazing large 3 bedroom, 2 bath home including a large master suite with private master bath with a tub and a shower and a second full bathroom. It also offers a spacious living room, formal dining area, open remodeled kitchen with brand new granite counter top, large family room with fireplace and a detached studio/Guest room or office behind the detached garage. The entertainers backyard is perfect for outdoor living with secluded patio and low water landscaping with numerous fruit trees including avocado, peach, lemon, orange, pineapples and much more. Some of the upgrades include new Water Heater, Sewer line, partial plumbing, new kitchen granite counter top, central A/C, partial flooring and much more. It is close proximity to Shopping, Entertainment, Parks, Schools, Transportation and studios. A true perfect family home.

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: Rancho Adjacent

NeighborhoodNIR Market*CityMarket2010Year20002019200k250k300k350k400k450k500k550k600k650k700k750k800k850kPrice in $199k871k

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

Neighborhood: Rancho Adjacent

NeighborhoodNIR Market*CityMarket2010Year2000 Q42019 Q21800200022002400260028003000320034003600Rent in $17843697

* 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
William Mckinley Elementary School Primary Regular 452 16 6
David Starr Jordan Middle School Middle Regular 1,080 41 6
John Burroughs High School High Regular 2,649 108 8

William Mckinley Elementary School

  • Education Level: Primary
  • # of students: 452
  • # of teachers: 16
6
GreatSchools Rating

David Starr Jordan Middle School

  • Education Level: Middle
  • # of students: 1,080
  • # of teachers: 41
6
GreatSchools Rating

John Burroughs High School

  • Education Level: High
  • # of students: 2,649
  • # of teachers: 108
8
GreatSchools Rating
 

$801,000$979,000$890,000

PURCHASE PRICE

$3,447$4,213$3,830

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,830
EXPENSES Loan Payment -$3,284
Property Tax -$830
Property Insurance -$62
Property Management Fees -$188
CASH FLOW
-$533

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.

$890,000

PROJECTED PRICE

$3,830

PROJECTED RENT

0.43%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.56%
Appreciation Year (1-5) 7.9%
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-$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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$241,600

INVESTMENT

$241,600

Down Payment
$222,500
Rehab Estimate
$5,750
Closing Costs
$13,350

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 55% down payment or higher enables the proceeds from the asset to cover all costs.

$3,284

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $222,500
Loan Amount $667,500
See What Happens When You Reinvest Cash Flow

3.5

YEARS SAVED

$32,219

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,830

    LIST RENT
  • $2.64

    LIST RENT PER SQFT
  • $3,830

    COMP ESTIMATED VALUE
  • $2.64

    COMP AVG. RENT PER SQFT
Comps Range
$3,200
1$3,2002$3,8003$3,8304$4,2505$4,800
$4,800
RENT COMPS ANALYSIS
  • 236 W Santa Anita Avenue Burbank, CA 3
    • 3 beds 2 baths ∙ 1,452 Sqft ∙ Built 1925 3 beds 2 baths ∙ 1,452 Sqft ∙ Built 1925
    • Rent
    • Rent Per SQFT
    •  
    • $3,830
    • $2.64
    •  
  • 1304 W Morningside Drive Burbank, CA 1
    • 3 beds 2 baths ∙ 1,343 Sqft ∙ Built 1941 3 beds 2 baths ∙ 1,343 Sqft ∙ Built 1941
    LEASED 07/03/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,200
    • $2.38
    •  
  • 222 S Keystone Street Burbank, CA 2
    • 3 beds 2 baths ∙ 1,554 Sqft ∙ Built 1940 3 beds 2 baths ∙ 1,554 Sqft ∙ Built 1940
    LEASED 12/16/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,800
    • $2.45
    •  
  • 719 N Sparks Street Burbank, CA 4
    • 3 beds 2 baths ∙ 1,494 Sqft ∙ Built 1942 3 beds 2 baths ∙ 1,494 Sqft ∙ Built 1942
    LEASED 10/25/20
    • Rent
    • Rent Per SQFT
    •  
    • $4,250
    • $2.84
    •  
  • 1224 Alameda Avenue Glendale, CA 5
    • 3 beds 2 baths ∙ 1,668 Sqft ∙ Built 1936 3 beds 2 baths ∙ 1,668 Sqft ∙ Built 1936
    LEASED 10/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $4,800
    • $2.88
    •  
PROPERTY LISTING DETAILS
Khajak Nazarian
Remax Optima
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: 320004003
Last Updated: 11/12/2020
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