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2570 Sleepy Hollow Drive Glendale, CA 91206

3 Beds 1 Baths 2,301 sqft Built 1946

$1,349,999

List Price

$4,440

$4.2K - $4.7K

Rent Est.

PROPERTY INFO

FACTS
  • Single Family
  • Built In 1946
  • Price/Sqft : $586.70
  • 43 Days on Market
  • MLS # : SR20247710
  • Updated Date : 01/06/2021 at 17:06
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,301 sqft
  • Baths : 1 full
Listing Agent

Homes By Consulting Magnolia

Listing Agent's Description

Back on Market. Must see to appreciate. Exquisite view from every angle. Secluded in the Glendale Glenoaks Canyon is this enchanted Mid-Century Modern gem with multi-million dollar views and access to the Sleepy Hollow Trails. With 8 parcels & over 50,000 sqft of land included, 2570 Sleepy Hollow Dr. offers an incredible opportunity for investors, developers & homeowners. Highlighted with an impressive interior architectural design, the spacious 3 bedroom, 2 bathroom single story home with expansive attic & bonus room, features open concept living & dining, gleaming hardwood floors, captivating accent built-ins, brick fireplace & an exceptional wall of windows. Bright kitchen with memorizing views, showcases breakfast nook with bay window, farmhouse style sink, walk-in pantry and custom wood cabinets. Simplistic and modern elegance continues with a craftsman’s dream executive library and office space, fireplace place & entrance to the master bedroom suite & bathroom with breathtaking views, walk-in closet, & access to the nostalgic outdoor retreat. The perfect backdrop for outdoor entertaining & alfresco dining includes a lush wrap around garden with stone patio areas, various decks, an abundance of unique plants, mature fruit and nut trees & an incredible panoramic view for lifetime memories. Oversized garage, basement utility with separate workshop, storage & garden room, green house & shed. Enjoy Scholl Canyon Golf, Hiking Trails & amazing schools. Inspections on file.

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: Glenoaks Canyon

NeighborhoodNIR Market*CityMarket2010Year20002019200k300k400k500k600k700k800k900kPrice in $199k944k

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

Neighborhood: Glenoaks Canyon

NeighborhoodNIR Market*CityMarket2010Year2000 Q42019 Q218002000220024002600280030003200340036003800400042004400Rent in $17844464

* 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
Glenoaks Elementary School Primary Regular 556 22 6
Woodrow Wilson Middle School Middle Regular 1,183 46 8
Glendale Senior High School High Regular 2,582 101 6

Glenoaks Elementary School

  • Education Level: Primary
  • # of students: 556
  • # of teachers: 22
6
GreatSchools Rating

Woodrow Wilson Middle School

  • Education Level: Middle
  • # of students: 1,183
  • # of teachers: 46
8
GreatSchools Rating

Glendale Senior High School

  • Education Level: High
  • # of students: 2,582
  • # of teachers: 101
6
GreatSchools Rating
 

$1,214,999$1,484,999$1,349,999

PURCHASE PRICE

$3,996$4,884$4,440

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $4,440
EXPENSES Loan Payment -$4,689
Property Tax -$1,298
Property Insurance -$83
Property Management Fees -$218
CASH FLOW
-$1,847

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.

$1,349,999

PROJECTED PRICE

$4,440

PROJECTED RENT

0.33%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.56%
Appreciation Year (1-5) 8.7%
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$3.5M$4.0M$4.5M

PROJECTED ANNUAL CASH FLOW

11530-$30k-$20k-$10k$0.0$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$3.5M$4.0M$4.5M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$363,500

INVESTMENT

$363,500

Down Payment
$337,500
Rehab Estimate
$5,750
Closing Costs
$20,250

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$4,689

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $337,500
Loan Amount $1,012,499
See What Happens When You Reinvest Cash Flow

0.25

YEARS SAVED

$622

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $4,440

    LIST RENT
  • $1.93

    LIST RENT PER SQFT
  • $4,521

    COMP ESTIMATED VALUE
  • $1.97

    COMP AVG. RENT PER SQFT
Comps Range
$3,800
1$3,8002$4,4403$4,750
$4,750
RENT COMPS ANALYSIS
  • 2570 Sleepy Hollow Dr Glendale, CA 2
    • 3 beds 1 baths ∙ 2,301 Sqft ∙ Built 1946 3 beds 1 baths ∙ 2,301 Sqft ∙ Built 1946
    • Rent
    • Rent Per SQFT
    •  
    • $4,440
    • $1.93
    •  
  • 803 N Glendale Avenue Glendale, CA 1
    • 4 beds 2 baths ∙ 2,145 Sqft ∙ Built 1929 4 beds 2 baths ∙ 2,145 Sqft ∙ Built 1929
    LEASED 10/29/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,800
    • $1.77
    •  
  • 1980 Crestshire Drive Glendale, CA 3
    • 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
Diana Rosero
Homes By Consulting Magnolia
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: SR20247710
Last Updated: 01/06/2021
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