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3526 E Del Mar Boulevard Pasadena, CA 91107

3 Beds 2 Baths 1,277 sqft Built 1946

$799,900

List Price

$2,850

$2.6K - $3.1K

Rent Est.

PROPERTY INFO

80% chance this property will be sold within the next 20 days HOT INVESTMENT
February 13, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1946
  • Price/Sqft : $626.39
  • 3 Days on Market
  • MLS # : P1-3317
  • Updated Date : 02/12/2021 at 16:03
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,277 sqft
  • Baths : 1 full , 1 half
Listing Agent

Gold Leaf Group

Listing Agent's Description

Traditional style home with tons of character and functionality. Conveniently located on the edge of Chapman Woods, just a couple of minutes from shopping and restaurants. Easy to get to anywhere you want to go - 210 freeway and 10 freeway are both quickly accessible. The beautifully remodeled kitchen features new appliances and cabinetry, soapstone counters, dramatic subway tiles, slate flooring and a functional design open to the dining room. The bright and airy living room features a wood-burning fireplace and opens to the large dining room. The floor plan is great for entertaining! Hardwood floors throughout. New HVAC (3 years old) and newer roof, as well as remodeled bathrooms.Outdoors you'll find a two-car outdoor garage and plenty of room for BBQs, play-dates, exercise, lounging or future expansion. 2 car detached garage is well positioned. This was the builders model home when it was originally built.

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MARKET HIGHLIGHTS

  • 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)
  • 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)

PRICE & RENT TRENDS

Neighborhood: Chapman

NeighborhoodNIR Market*CityMarket2010Year20002019200k300k400k500k600k700k800k900k1000k1100k1200k1300k1400kPrice in $199k1419k

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

Neighborhood: Chapman

NeighborhoodNIR Market*CityMarket2010Year2000 Q42019 Q218002000220024002600280030003200340036003800400042004400Rent in $17844510

* 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
Willard Elementary School Primary Magnet 649 27 5
Woodrow Wilson Middle School Middle Regular 570 27 4
Pasadena High School High Regular 1,903 84 6

Willard Elementary School

  • Education Level: Primary
  • # of students: 649
  • # of teachers: 27
5
GreatSchools Rating

Woodrow Wilson Middle School

  • Education Level: Middle
  • # of students: 570
  • # of teachers: 27
4
GreatSchools Rating

Pasadena High School

  • Education Level: High
  • # of students: 1,903
  • # of teachers: 84
6
GreatSchools Rating
 

$719,910$879,890$799,900

PURCHASE PRICE

$2,565$3,135$2,850

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,850
EXPENSES Loan Payment -$2,778
Property Tax -$761
Property Insurance -$58
Property Management Fees -$140
CASH FLOW
-$886

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.

$799,900

PROJECTED PRICE

$2,850

PROJECTED RENT

0.36%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.56%
Appreciation Year (1-5) 4.7%
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

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$217,724

INVESTMENT

$217,724

Down Payment
$199,975
Rehab Estimate
$5,750
Closing Costs
$11,999

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,778

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $199,975
Loan Amount $599,925
See What Happens When You Reinvest Cash Flow

0.92

YEARS SAVED

$3,019

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,850

    LIST RENT
  • $2.23

    LIST RENT PER SQFT
  • $2,857

    COMP ESTIMATED VALUE
  • $2.24

    COMP AVG. RENT PER SQFT
Comps Range
$2,850
1$2,8502$3,0003$3,0004$3,6455$3,800
$3,800
RENT COMPS ANALYSIS
  • 3526 E Del Mar Boulevard Pasadena, CA 1
    • 3 beds 2 baths ∙ 1,277 Sqft ∙ Built 1946 3 beds 2 baths ∙ 1,277 Sqft ∙ Built 1946
    • Rent
    • Rent Per SQFT
    •  
    • $2,850
    • $2.23
    •  
  • 209 El Nido Avenue Pasadena, CA 2
    • 3 beds 2 baths ∙ 1,454 Sqft ∙ Built 1947 3 beds 2 baths ∙ 1,454 Sqft ∙ Built 1947
    LEASED 10/07/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,000
    • $2.06
    •  
  • 431 Drake Road Arcadia, CA 3
    • 3 beds 2 baths ∙ 1,359 Sqft ∙ Built 1948 3 beds 2 baths ∙ 1,359 Sqft ∙ Built 1948
    LEASED 03/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,000
    • $2.21
    •  
  • 1153 Columbia Road Arcadia, CA 4
    • 3 beds 3 baths ∙ 1,575 Sqft ∙ Built 1948 3 beds 3 baths ∙ 1,575 Sqft ∙ Built 1948
    LEASED 01/31/21
    • Rent
    • Rent Per SQFT
    •  
    • $3,645
    • $2.31
    •  
  • 3637 Grayburn Road Pasadena, CA 5
    • 3 beds 1 baths ∙ 1,602 Sqft ∙ Built 1940 3 beds 1 baths ∙ 1,602 Sqft ∙ Built 1940
    LEASED 07/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,800
    • $2.37
    •  
PROPERTY LISTING DETAILS
Rj Przebinda
Gold Leaf Group
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: P1-3317
Last Updated: 02/12/2021
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