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3100 Stockbridge Avenue El Sereno, CA 90032

3 Beds 2 Baths 1,206 sqft Built 1938

$699,900

List Price

$2,770

$2.5K - $3K

Rent Est.

PROPERTY INFO

December 26, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1938
  • Price/Sqft : $580.35
  • 2 Days on Market
  • MLS # : DW20262756
  • Updated Date : 12/26/2020 at 13:49
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,206 sqft
  • Baths : 2 full
Listing Agent

Keller Williams Sela

Listing Agent's Description

NEW YEAR NEW HOME FOR YOU! An EL SERENO SPANISH STYLE GEM-Move-In Ready-Its a corner lot home, with amazing curb appeal, and lots of privacy. The landscaping on this home is well kept. This property has unique Spanish architectural features with custom windows, new waterproof vinyl flooring, and barrel ceilings with crown molding.New fresh paint throughout the house. Enter the home from some beautiful Spanish stone steps. The Spanish Style custom door leads you into spacious living room. You could sit in your living room looking out two beautiful custom made oval windows. During winter days enjoy your beautiful fireplace, made from tile-stone. The kitchen is very spacious and open-new shaker cabinets, quartz counters, and recess lighting. The dining area has an original built in china cabinet, crown molding, and beautiful custom made Spanish Style chandelier. The home feature (2) bedrooms one with a walk in closet. Both bedroom. The bathroom has been updated with granite countertop and shower has tile all throughout and separate tub. CENTRAL HEATING+AIR. The large backyard is accessible from the laundry room and also from driveway or the side gate, and perfect for entertaining, playing, gardening and relaxing. The back porch was custom made with stained wood. A detached garage. There is a back room with full restroom new paint, and shower plumbing.There is potential for an ADU.This hot property is nestled in a quiet with a lined tree street. Come take a look at your new home!

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • 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: 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
Sierra Park Elementary School Primary Regular 442 20 4
El Sereno Middle School Middle Regular 1,276 65 4
Abraham Lincoln Senior High School High Regular 1,219 54 5

Sierra Park Elementary School

  • Education Level: Primary
  • # of students: 442
  • # of teachers: 20
4
GreatSchools Rating

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
 

$629,910$769,890$699,900

PURCHASE PRICE

$2,493$3,047$2,770

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,770
EXPENSES Loan Payment -$2,582
Property Tax -$733
Property Insurance -$56
Property Management Fees -$136
CASH FLOW
-$737

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.

$699,900

PROJECTED PRICE

$2,770

PROJECTED RENT

0.40%

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$191,224

INVESTMENT

$191,224

Down Payment
$174,975
Rehab Estimate
$5,750
Closing Costs
$10,499

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 60% down payment or higher enables the proceeds from the asset to cover all costs.

$2,582

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $174,975
Loan Amount $524,925
See What Happens When You Reinvest Cash Flow

1.42

YEARS SAVED

$6,151

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,770

    LIST RENT
  • $2.3

    LIST RENT PER SQFT
  • $3,024

    COMP ESTIMATED VALUE
  • $2.51

    COMP AVG. RENT PER SQFT
Comps Range
$2,400
1$2,4002$2,7703$2,8004$2,8505$3,700
$3,700
RENT COMPS ANALYSIS
  • 3100 Stockbridge Avenue El Sereno, CA 2
    • 3 beds 2 baths ∙ 1,206 Sqft ∙ Built 1938 3 beds 2 baths ∙ 1,206 Sqft ∙ Built 1938
    • Rent
    • Rent Per SQFT
    •  
    • $2,770
    • $2.30
    •  
  • 1904 Elm Street Alhambra, CA 1
    • 3 beds 1 baths ∙ 1,024 Sqft ∙ Built 1944 3 beds 1 baths ∙ 1,024 Sqft ∙ Built 1944
    LEASED 01/25/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,400
    • $2.34
    •  
  • 5334 Oakland Street Los Angeles, CA 3
    • 3 beds 1 baths ∙ 1,200 Sqft ∙ Built 1923 3 beds 1 baths ∙ 1,200 Sqft ∙ Built 1923
    LEASED 03/13/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,800
    • $2.33
    •  
  • 804 S Westboro Avenue Alhambra, CA 4
    • 3 beds 2 baths ∙ 1,097 Sqft ∙ Built 1949 3 beds 2 baths ∙ 1,097 Sqft ∙ Built 1949
    LEASED 10/09/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,850
    • $2.60
    •  
  • 3304 Danzig Place Alhambra, CA 5
    • 3 beds 1 baths ∙ 1,339 Sqft ∙ Built 1953 3 beds 1 baths ∙ 1,339 Sqft ∙ Built 1953
    LEASED 10/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,700
    • $2.76
    •  
PROPERTY LISTING DETAILS
Milton Lopez
Keller Williams Sela
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: DW20262756
Last Updated: 12/26/2020
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