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2728 Kingsway Drive Burbank, CA 91504

4 Beds 1 Baths 1,668 sqft Built 1958

$1,250,000

List Price

$4,030

$3.8K - $4.3K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
July 12, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1958
  • Price/Sqft : $749.40
  • 6 Days on Market
  • MLS # : BB21111981
  • Updated Date : 07/12/2021 at 11:21
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,668 sqft
  • Baths : 1 full
Listing Agent

Dilbeck Real Estate

Listing Agent's Description

Situated on a cul-de-sac in the Burbank Hills with a spectacular view of the San Fernando Valley this 4 bedroom 2 bath house is the home you were looking for. Sit out late one afternoon, on the bench by the garage, and relax as the city beneath you begins to twinkle. You will find a relaxation few homes have to offer anywhere. The master bedroom has hardwood like floors and ample space. The dining area looks out through the sliding glass to doors to the secluded nicely landscaped backyard, gazebo and hottub . The living room boast a large brick fireplace and a view to the backyard and hillside. The backyard and hillside are expansive and ready to entertain and enjoy the solitude of the birds flying overhead. With a little paint his home is ready to move in or add your touches to make it the home everyone would love to visit.

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MARKET HIGHLIGHTS

  • As part of Southern California area, Los Angeles market inherits all the benefits from the area.
  • Southern California's economy is worth $1.58 trillion in Gross Metro Product and projected to grow to $1.67 trillion (USMayors.org, 2018)
  • 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 has 58.7% labor force participation rate; within this area, Los Angeles metro has 62.3% labor force participation rate (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)
  • 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]

PRICE & RENT TRENDS

Neighborhood: Hillside District

NeighborhoodNIR Market*CityMarket2010Year20002019200k250k300k350k400k450k500k550k600k650k700k750k800k850k900kPrice in $199k917k

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

Neighborhood: Hillside District

NeighborhoodNIR Market*CityMarket2010Year2000 Q42019 Q2180020002200240026002800300032003400360038004000Rent in $17844015

* 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
Thomas Jefferson Elementary School Primary Regular 749 25 8
John Muir Middle School Middle Regular 1,408 55 8
Burbank High School High Regular 2,606 106 8

Thomas Jefferson Elementary School

  • Education Level: Primary
  • # of students: 749
  • # of teachers: 25
8
GreatSchools Rating

John Muir Middle School

  • Education Level: Middle
  • # of students: 1,408
  • # of teachers: 55
8
GreatSchools Rating

Burbank High School

  • Education Level: High
  • # of students: 2,606
  • # of teachers: 106
8
GreatSchools Rating
 

$1,125,000$1,375,000$1,250,000

PURCHASE PRICE

$3,627$4,433$4,030

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $4,030
EXPENSES Loan Payment -$4,342
Property Tax -$1,166
Property Insurance -$67
Property Management Fees -$197
CASH FLOW
-$1,742

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.

$1,250,000

PROJECTED PRICE

$4,030

PROJECTED RENT

0.32%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.56%
Appreciation Year (1-5) 8.2%
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

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$337,000

INVESTMENT

$337,000

Down Payment
$312,500
Rehab Estimate
$5,750
Closing Costs
$18,750

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$4,342

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $312,500
Loan Amount $937,500
See What Happens When You Reinvest Cash Flow

0.25

YEARS SAVED

$467

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $4,030

    LIST RENT
  • $2.42

    LIST RENT PER SQFT
  • $4,016

    COMP ESTIMATED VALUE
  • $2.41

    COMP AVG. RENT PER SQFT
Comps Range
$3,750
1$3,7502$3,8833$4,0004$4,0005$4,030
$4,030
RENT COMPS ANALYSIS
  • 2728 Kingsway Drive Burbank, CA 5
    • 4 beds 1 baths ∙ 1,668 Sqft ∙ Built 1958 4 beds 1 baths ∙ 1,668 Sqft ∙ Built 1958
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $4,030
    • $2.42
    •  
  • 9761 Via Pavia Burbank, CA 1
    • 3 beds 3 baths ∙ 1,478 Sqft ∙ Built 1975 3 beds 3 baths ∙ 1,478 Sqft ∙ Built 1975
    property image
    LEASED 06/29/21
    • Rent
    • Rent Per SQFT
    •  
    • $3,750
    • $2.54
    •  
  • 3012 N Keystone Street Burbank, CA 2
    • 4 beds 2 baths ∙ 1,668 Sqft ∙ Built 1958 4 beds 2 baths ∙ 1,668 Sqft ∙ Built 1958
    property image
    LEASED 09/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,883
    • $2.33
    •  
  • 621 Price Drive Burbank, CA 3
    • 3 beds 2 baths ∙ 1,620 Sqft ∙ Built 1952 3 beds 2 baths ∙ 1,620 Sqft ∙ Built 1952
    property image
    LEASED 05/21/21
    • Rent
    • Rent Per SQFT
    •  
    • $4,000
    • $2.47
    •  
  • 2632 N Keystone Street Burbank, CA 4
    • 3 beds 2 baths ∙ 1,750 Sqft ∙ Built 1947 3 beds 2 baths ∙ 1,750 Sqft ∙ Built 1947
    property image
    LEASED 01/15/21
    • Rent
    • Rent Per SQFT
    •  
    • $4,000
    • $2.29
    •  
PROPERTY LISTING DETAILS
Eric Benz
Dilbeck Real Estate
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: BB21111981
Last Updated: 07/12/2021
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