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3250 Glenhurst Avenue Los Angeles, CA 90039

4 Beds 3 Baths 1,578 sqft Built 1927

$1,389,000

List Price

$4,380

$4.1K - $4.6K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 09, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1927
  • Price/Sqft : $880.23
  • 6 Days on Market
  • MLS # : 21699304
  • Updated Date : 03/09/2021 at 09:29
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,578 sqft
  • Baths : 3 full
Listing Agent

Compass

Listing Agent's Description

The picture of LA living is this corner-lot Spanish with bonus studio in trendy Atwater Village. Lush surroundings provide privacy and the sunny front porch under a pergola is a sweet spot for morning coffee. In the exquisitely updated, meticulously maintained interior find honey-hued wood flooring, custom lighting, arched pass-throughs and a stylish kitchen with ample prep area and storage. Four bedrooms accommodate life/work balance; the generous Primary suite has dual walk-in closets and a gorgeous bath. Native landscaping inspires a serene environment for the yard and patio, a verdant oasis to relax and dine amidst spring poppies. Imagine the utility of a detached bonus studio with sleeping loft and outdoor shower, just waiting for your overnight guests or creative pursuits. This well-equipped home has solar panels, central heat+air with Nest, a covered carport and electric driveway gate. Dining and supplies are nearby at Wine & Eggs market, Proof Bakery, Whole Foods 365 and more.

SEE MORE

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: South Atwater

NeighborhoodNIR Market*CityMarket2010Year20002019200k250k300k350k400k450k500k550k600k650k700k750k800k850kPrice in $187k868k

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

Neighborhood: South Atwater

NeighborhoodNIR Market*CityMarket2010Year2000 Q42019 Q21600180020002200240026002800300032003400Rent in $14213481

* 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
Washington Irving Middle School Math Music Engineering Mag Middle Regular 632 31 6
Puc Early College Academy For Leaders And Scholars High Charter 446 20 6

Washington Irving Middle School Math Music Engineering Mag

  • Education Level: Middle
  • # of students: 632
  • # of teachers: 31
6
GreatSchools Rating

Puc Early College Academy For Leaders And Scholars

  • Education Level: High
  • # of students: 446
  • # of teachers: 20
6
GreatSchools Rating
 

$1,250,100$1,527,900$1,389,000

PURCHASE PRICE

$3,942$4,818$4,380

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $4,380
EXPENSES Loan Payment -$4,825
Property Tax -$1,412
Property Insurance -$65
Property Management Fees -$215
CASH FLOW
-$2,136

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.

$1,389,000

PROJECTED PRICE

$4,380

PROJECTED RENT

0.32%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.48%
Appreciation Year (1-5) 9.9%
Maintenance Year (1-5) 8.00%
Vacancy 4.69%
Length of Stay Years 2

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$1.0M$2.0M$3.0M$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$1.0M$2.0M$3.0M$4.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$373,835

INVESTMENT

$373,835

Down Payment
$347,250
Rehab Estimate
$5,750
Closing Costs
$20,835

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$4,825

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $347,250
Loan Amount $1,041,750
See What Happens When You Reinvest Cash Flow

0.17

YEARS SAVED

$128

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $4,380

    LIST RENT
  • $2.78

    LIST RENT PER SQFT
  • $4,355

    COMP ESTIMATED VALUE
  • $2.76

    COMP AVG. RENT PER SQFT
Comps Range
$3,800
1$3,8002$4,0003$4,3504$4,3805$4,500
$4,500
RENT COMPS ANALYSIS
  • 3250 Glenhurst Avenue Los Angeles, CA 4
    • 4 beds 3 baths ∙ 1,578 Sqft ∙ Built 1927 4 beds 3 baths ∙ 1,578 Sqft ∙ Built 1927
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $4,380
    • $2.78
    •  
  • 311 Roads End Street Glendale, CA 1
    • 3 beds 2 baths ∙ 1,420 Sqft ∙ Built 1922 3 beds 2 baths ∙ 1,420 Sqft ∙ Built 1922
    property image
    LEASED 06/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,800
    • $2.68
    •  
  • 1112 Princeton Drive Glendale, CA 2
    • 3 beds 2 baths ∙ 1,450 Sqft ∙ Built 1923 3 beds 2 baths ∙ 1,450 Sqft ∙ Built 1923
    property image
    LEASED 12/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $4,000
    • $2.76
    •  
  • 3403 La Clede Avenue Los Angeles, CA 3
    • 3 beds 2 baths ∙ 1,633 Sqft ∙ Built 1926 3 beds 2 baths ∙ 1,633 Sqft ∙ Built 1926
    property image
    LEASED 02/18/21
    • Rent
    • Rent Per SQFT
    •  
    • $4,350
    • $2.66
    •  
  • 3964 Brunswick Avenue Los Angeles, CA 5
    • 3 beds 2 baths ∙ 1,530 Sqft ∙ Built 1922 3 beds 2 baths ∙ 1,530 Sqft ∙ Built 1922
    property image
    LEASED 08/07/20
    • Rent
    • Rent Per SQFT
    •  
    • $4,500
    • $2.94
    •  
PROPERTY LISTING DETAILS
Tracy B Do
Compass
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: 21699304
Last Updated: 03/09/2021
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