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3526 Fidler Avenue Long Beach, CA 90808

4 Beds 3 Baths 2,141 sqft Built 1947

$949,000

List Price

$4,010

$3.8K - $4.3K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
February 26, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1947
  • Price/Sqft : $443.25
  • 7 Days on Market
  • MLS # : PW21036284
  • Updated Date : 02/26/2021 at 11:29
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,141 sqft
  • Baths : 3 full
Listing Agent

First Team Real Estate

Listing Agent's Description

Stunning Spacious Two Story 4 bedroom, 3 bath home with huge Sparkling Pool in the Charming South of Conant Beautifully Tree Lined Neighborhood. Newly Remodeled Kitchen with Stunning Quartz Counter Tops and Island/Bar and sleek modern cabinets that include soft close drawers. Formal Dinning room, hardwood floors. Living room has large Bay Window looking onto the Tree Lined street. Two bedrooms are upstairs and two bedrooms are downstairs. Oversized master suite is very spacious with cathedral ceilings, walk in closet and large on-suite bathroom. This home has a HUGE bonus Family Room with cozy fireplace. Forced air central heating and air and water heater was installed new in 2016. Backyard is Entertainer's delight with Large Swimming Pool and 2 sitting/dinning areas and shed. Extra long driveway leading up to a 2 car attached garage. Located close to Skylinks Golf Course, Walk to Heartwell & Wardlow Parks, Schools, Shopping, Long Beach City College and CSULB and short drive to Long Beach Airport. This home has pride of ownership..you must see it in person to see all the Charm!

SEE MORE

MARKET HIGHLIGHTS

  • Southern California area contributes to 55.3% of California state economy i.e. Gross State Product (USMayors.org, 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)
  • 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 has 58.7% labor force participation rate; within this area, Los Angeles metro has 62.3% labor force participation rate (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)
  • 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]
  • 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 of Conant

NeighborhoodNIR Market*CityMarket2010Year20002019200k250k300k350k400k450k500k550k600k650k700k750k800k850kPrice in $186k856k

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

Neighborhood: South of Conant

NeighborhoodNIR Market*CityMarket2010Year2000 Q42019 Q216001800200022002400260028003000320034003600Rent in $14493697

* 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
Carver Elementary School Primary Regular 479 18 9
Marshall Middle School Middle Regular 875 34 8
Millikan High School High Magnet 3,753 145 7

Carver Elementary School

  • Education Level: Primary
  • # of students: 479
  • # of teachers: 18
9
GreatSchools Rating

Marshall Middle School

  • Education Level: Middle
  • # of students: 875
  • # of teachers: 34
8
GreatSchools Rating

Millikan High School

  • Education Level: High
  • # of students: 3,753
  • # of teachers: 145
7
GreatSchools Rating
 

$854,100$1,043,900$949,000

PURCHASE PRICE

$3,609$4,411$4,010

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $4,010
EXPENSES Loan Payment -$3,296
Property Tax -$1,003
Property Insurance -$79
Property Management Fees -$196
CASH FLOW
-$565

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.

$949,000

PROJECTED PRICE

$4,010

PROJECTED RENT

0.42%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.56%
Appreciation Year (1-5) 5.4%
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

PROJECTED ANNUAL CASH FLOW

11530-$10k$0.0$10k$20k$30k

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$257,235

INVESTMENT

$257,235

Down Payment
$237,250
Rehab Estimate
$5,750
Closing Costs
$14,235

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 55% down payment or higher enables the proceeds from the asset to cover all costs.

$3,296

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $237,250
Loan Amount $711,750
See What Happens When You Reinvest Cash Flow

3.25

YEARS SAVED

$25,342

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $4,010

    LIST RENT
  • $1.87

    LIST RENT PER SQFT
  • $4,282

    COMP ESTIMATED VALUE
  • $2

    COMP AVG. RENT PER SQFT
Comps Range
$3,450
1$3,4502$3,9953$4,0004$4,010
$4,010
RENT COMPS ANALYSIS
  • 3526 Fidler Avenue Long Beach, CA 4
    • 4 beds 3 baths ∙ 2,141 Sqft ∙ Built 1947 4 beds 3 baths ∙ 2,141 Sqft ∙ Built 1947
    • Rent
    • Rent Per SQFT
    •  
    • $4,010
    • $1.87
    •  
  • 6158 E Pageantry Street Long Beach, CA 1
    • 5 beds 2 baths ∙ 2,086 Sqft ∙ Built 1953 5 beds 2 baths ∙ 2,086 Sqft ∙ Built 1953
    LEASED 01/31/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,450
    • $1.65
    •  
  • 2281 Faust Avenue Long Beach, CA 2
    • 3 beds 2 baths ∙ 1,874 Sqft ∙ Built 1952 3 beds 2 baths ∙ 1,874 Sqft ∙ Built 1952
    LEASED 08/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,995
    • $2.13
    •  
  • 4428 E Lavante Street Long Beach, CA 3
    • 4 beds 3 baths ∙ 1,800 Sqft ∙ Built 1943 4 beds 3 baths ∙ 1,800 Sqft ∙ Built 1943
    LEASED 08/16/20
    • Rent
    • Rent Per SQFT
    •  
    • $4,000
    • $2.22
    •  
PROPERTY LISTING DETAILS
Angela Arvanitis
First Team Real Estate
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: PW21036284
Last Updated: 02/26/2021
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