Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more

2950 Saint Gregory Road Glendale, CA 91206

3 Beds 2 Baths 2,006 sqft Built 1965

$1,295,000

List Price

$4,120

$3.9K - $4.4K

Rent Est.

PROPERTY INFO

January 15, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1965
  • Price/Sqft : $645.56
  • 5 Days on Market
  • MLS # : 320004588
  • Updated Date : 01/14/2021 at 15:23
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,006 sqft
  • Baths : 2 full
Listing Agent

Team Rock Properties

Listing Agent's Description

*Chevy Chase Hills Mini Estate *Highly desirable 91206 zip code walking distance to Chevy Chase Country Club *Completely Private & Secluded *Single Story Home w/ 2,006 sqft living space *Turn-Key & Updated *Incredible Views of the Canyons *Entertainer's wrap around Deck with Amazing Sunset Views *Private Driveway *2-Car Attached Garage *MUST SEE !!!

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • 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)

PRICE & RENT TRENDS

Neighborhood: Chevy Chase

NeighborhoodNIR Market*CityMarket2010Year20002019200k300k400k500k600k700k800k900k1000kPrice in $199k1058k

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

Neighborhood: Chevy Chase

NeighborhoodNIR Market*CityMarket2010Year2000 Q42019 Q2200025003000350040004500Rent in $17844939

* 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
 

$1,165,500$1,424,500$1,295,000

PURCHASE PRICE

$3,708$4,532$4,120

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $4,120
EXPENSES Loan Payment -$4,498
Property Tax -$1,245
Property Insurance -$76
Property Management Fees -$202
CASH FLOW
-$1,901

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.

$1,295,000

PROJECTED PRICE

$4,120

PROJECTED RENT

0.32%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.56%
Appreciation Year (1-5) 8.0%
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$348,925

INVESTMENT

$348,925

Down Payment
$323,750
Rehab Estimate
$5,750
Closing Costs
$19,425

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$4,498

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $323,750
Loan Amount $971,250
See What Happens When You Reinvest Cash Flow

0.17

YEARS SAVED

$224

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $4,120

    LIST RENT
  • $2.05

    LIST RENT PER SQFT
  • $4,218

    COMP ESTIMATED VALUE
  • $2.1

    COMP AVG. RENT PER SQFT
Comps Range
$4,000
1$4,0002$4,1203$4,3004$4,5005$4,750
$4,750
RENT COMPS ANALYSIS
  • 2950 Saint Gregory Road Glendale, CA 2
    • 3 beds 2 baths ∙ 2,006 Sqft ∙ Built 1965 3 beds 2 baths ∙ 2,006 Sqft ∙ Built 1965
    • Rent
    • Rent Per SQFT
    •  
    • $4,120
    • $2.05
    •  
  • 2781 Mira Vista Drive Glendale, CA 1
    • 3 beds 3 baths ∙ 1,958 Sqft ∙ Built 1976 3 beds 3 baths ∙ 1,958 Sqft ∙ Built 1976
    LEASED 07/24/19
    • Rent
    • Rent Per SQFT
    •  
    • $4,000
    • $2.04
    •  
  • 1505 Royal Boulevard Glendale, CA 3
    • 4 beds 2 baths ∙ 2,056 Sqft ∙ Built 1951 4 beds 2 baths ∙ 2,056 Sqft ∙ Built 1951
    LEASED 08/14/19
    • Rent
    • Rent Per SQFT
    •  
    • $4,300
    • $2.09
    •  
  • 3852 Karen Lynn Drive Glendale, CA 4
    • 4 beds 2 baths ∙ 2,123 Sqft ∙ Built 1969 4 beds 2 baths ∙ 2,123 Sqft ∙ Built 1969
    LEASED 07/31/20
    • Rent
    • Rent Per SQFT
    •  
    • $4,500
    • $2.12
    •  
  • 1980 Crestshire Drive Glendale, CA 5
    • 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
Jerry Armen
Team Rock Properties
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: 320004588
Last Updated: 01/14/2021
BESbswy