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2925 Vaquero Avenue El Sereno, CA 90032

3 Beds 2 Baths 1,387 sqft Built 1925

$749,900

List Price

$2,760

$2.5K - $3K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 13, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1925
  • Price/Sqft : $540.66
  • 2 Days on Market
  • MLS # : DW21053082
  • Updated Date : 03/13/2021 at 10:48
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,387 sqft
  • Baths : 2 full
Listing Agent

Century 21 Allstars

Listing Agent's Description

Wow, stunning remodeled 3 bedroom 2 bath home located in the trending NELA neighborhood of El Sereno. This amazing offering has been remodeled preserving the style and charm of its original design coupled with the modern convenience of today's amenities. This gorgeous property boasts a modern open floor plan with living & dining area with plenty of natural light. The sleek kitchen features quartz countertops, custom backsplash, new shaker cabinets, and stainless steel appliances with a beautiful waterfall island, pantry, slide out shelves, trash can cabinet, and a spice riack, this is a chef's dream. This gorgeous kitchen looks out to the formal dining-room. The chic bathrooms all have custom designer tile w/ all new fixtures. A private master bedroom is also featured along with its own bathroom and a walk in closet. The nice sized bedrooms all have brand new carpetting and pleanty of closet space. New double pane, vinyl windows through out the house, new laminate floors, recessed lighting, updated electrical/plumbing, designer lighting fixtures are also featured. Ideal for entertaining with an enclosed patio in the back, privacy fencing, beautiful front and back yard with automatic sprinklers and a front porch. There is also a detached 1 vehicle car-port. A new roof and new electrical. This home truly has it all. Close to restaurants, shops & minutes to Highland Park, South Pasadena, Alhambra & DTLA. NELA living at its finest!

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MARKET HIGHLIGHTS

  • Southern California area contributes to 55.3% of California state economy i.e. Gross State Product (USMayors.org, 2018)
  • As part of Southern California area, Los Angeles market inherits all the benefits from the area.
  • 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]
  • 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)
  • 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)

PRICE & RENT TRENDS

Neighborhood: El Sereno

NeighborhoodNIR Market*CityMarket2010Year20002019200k250k300k350k400k450k500k550k600k650k700kPrice in $151k725k

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

Neighborhood: El Sereno

NeighborhoodNIR Market*CityMarket2010Year2000 Q42019 Q218002000220024002600280030003200Rent in $16373316

* 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
El Sereno Middle School Middle Regular 1,276 65 4
Abraham Lincoln Senior High School High Regular 1,219 54 5
Woodrow Wilson Senior High School High Regular 1,624 88 4

El Sereno Middle School

  • Education Level: Middle
  • # of students: 1,276
  • # of teachers: 65
4
GreatSchools Rating

Abraham Lincoln Senior High School

  • Education Level: High
  • # of students: 1,219
  • # of teachers: 54
5
GreatSchools Rating

Woodrow Wilson Senior High School

  • Education Level: High
  • # of students: 1,624
  • # of teachers: 88
4
GreatSchools Rating
 

$674,910$824,890$749,900

PURCHASE PRICE

$2,484$3,036$2,760

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,760
EXPENSES Loan Payment -$2,605
Property Tax -$786
Property Insurance -$60
Property Management Fees -$135
CASH FLOW
-$826

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.

$749,900

PROJECTED PRICE

$2,760

PROJECTED RENT

0.37%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.35%
Appreciation Year (1-5) 11.9%
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$2.5M

PROJECTED ANNUAL CASH FLOW

11530-$15k-$10k-$5.0k$0.0$5.0k$10k$15k

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$204,474

INVESTMENT

$204,474

Down Payment
$187,475
Rehab Estimate
$5,750
Closing Costs
$11,249

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 65% down payment or higher enables the proceeds from the asset to cover all costs.

$2,605

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $187,475
Loan Amount $562,425
See What Happens When You Reinvest Cash Flow

1

YEARS SAVED

$3,106

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,760

    LIST RENT
  • $1.99

    LIST RENT PER SQFT
  • $2,777

    COMP ESTIMATED VALUE
  • $2

    COMP AVG. RENT PER SQFT
Comps Range
$2,300
1$2,3002$2,7003$2,7604$2,8005$2,950
$2,950
RENT COMPS ANALYSIS
  • 2925 Vaquero Avenue El Sereno, CA 3
    • 3 beds 2 baths ∙ 1,387 Sqft ∙ Built 1925 3 beds 2 baths ∙ 1,387 Sqft ∙ Built 1925
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,760
    • $1.99
    •  
  • 2909 Front Street Alhambra, CA 1
    • 3 beds 3 baths ∙ 1,452 Sqft ∙ Built 1923 3 beds 3 baths ∙ 1,452 Sqft ∙ Built 1923
    property image
    LEASED 06/25/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,300
    • $1.58
    •  
  • 3005 Montezuma Avenue Alhambra, CA 2
    • 3 beds 1 baths ∙ 1,474 Sqft ∙ Built 1941 3 beds 1 baths ∙ 1,474 Sqft ∙ Built 1941
    property image
    LEASED 02/26/21
    • Rent
    • Rent Per SQFT
    •  
    • $2,700
    • $1.83
    •  
  • 5334 Oakland Street Los Angeles, CA 4
    • 3 beds 1 baths ∙ 1,200 Sqft ∙ Built 1923 3 beds 1 baths ∙ 1,200 Sqft ∙ Built 1923
    property image
    LEASED 03/13/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,800
    • $2.33
    •  
  • 2228 Orange Grove Avenue Alhambra, CA 5
    • 3 beds 2 baths ∙ 1,300 Sqft ∙ Built 1911 3 beds 2 baths ∙ 1,300 Sqft ∙ Built 1911
    property image
    LEASED 11/15/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,950
    • $2.27
    •  
PROPERTY LISTING DETAILS
Douglas Carrillo
Century 21 Allstars
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: DW21053082
Last Updated: 03/13/2021
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