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3664 Grayburn Road Pasadena, CA 91107

3 Beds 3 Baths 2,069 sqft Built 1947

$1,200,000

List Price

$4,040

$3.8K - $4.3K

Rent Est.

PROPERTY INFO

November 29, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1947
  • Price/Sqft : $579.99
  • 2 Days on Market
  • MLS # : WS20229946
  • Updated Date : 11/28/2020 at 16:58
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,069 sqft
  • Baths : 3 full
Listing Agent

Golden Land Inv. & Financial

Listing Agent's Description

Located in the highly desirable Chapman Woods neighborhood of Pasadena on a beautifully tree-lined street, this wonderful 3 bedroom 2 and 1/2 bath home has been freshly renovated and features a detached converted guesthouse with a large private backyard and BBQ patio area. Travertine floors in the living room and formal dining area. Updated kitchen with granite countertops opens to the family room which has french doors leading to a tiled patio and charming backyard. Plenty of fruit trees including avocado, fig, orange, pomegranate, lemon and apple. Huge master suite with beautiful wood floors, walk-in closet, master bath with spa-like shower and french doors that lead to the backyard. The garage has been converted to a guest quarters with built-in closets, cabinetry and 3/4 bath. Legally, the garage can be permitted as an ADU guesthouse. Conveniently located within a few minutes of Sprouts Supermarket, Whole Foods, Trader Joe's, Ralphs, Starbucks, Bed Bath & Beyond, Best Buy, the 210 freeway, Metrolink Gold Line Stations, President Thai, and dozens of restaurants and shops!

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MARKET HIGHLIGHTS

  • 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)
  • 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)

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
 

$1,080,000$1,320,000$1,200,000

PURCHASE PRICE

$3,636$4,444$4,040

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $4,040
EXPENSES Loan Payment -$4,427
Property Tax -$1,141
Property Insurance -$77
Property Management Fees -$198
CASH FLOW
-$1,803

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.

$1,200,000

PROJECTED PRICE

$4,040

PROJECTED RENT

0.34%

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$2.5M$3.0M

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$323,750

INVESTMENT

$323,750

Down Payment
$300,000
Rehab Estimate
$5,750
Closing Costs
$18,000

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$4,427

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $300,000
Loan Amount $900,000
See What Happens When You Reinvest Cash Flow

0.25

YEARS SAVED

$444

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $4,040

    LIST RENT
  • $1.95

    LIST RENT PER SQFT
  • $4,154

    COMP ESTIMATED VALUE
  • $2.01

    COMP AVG. RENT PER SQFT
Comps Range
$3,700
1$3,7002$3,8003$4,0004$4,0405$4,500
$4,500
RENT COMPS ANALYSIS
  • 3664 Grayburn Road Pasadena, CA 4
    • 3 beds 3 baths ∙ 2,069 Sqft ∙ Built 1947 3 beds 3 baths ∙ 2,069 Sqft ∙ Built 1947
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $4,040
    • $1.95
    •  
  • 211 S Altura Road Arcadia, CA 1
    • 4 beds 2 baths ∙ 1,928 Sqft ∙ Built 1951 4 beds 2 baths ∙ 1,928 Sqft ∙ Built 1951
    property image
    LEASED 07/08/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,700
    • $1.92
    •  
  • 3554 Yorkshire Rd Pasadena, CA 2
    • 3 beds 2 baths ∙ 1,938 Sqft ∙ Built 1937 3 beds 2 baths ∙ 1,938 Sqft ∙ Built 1937
    property image
    LEASED 12/23/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,800
    • $1.96
    •  
  • 3672 Grayburn Road Pasadena, CA 3
    • 3 beds 2 baths ∙ 1,900 Sqft ∙ Built 1949 3 beds 2 baths ∙ 1,900 Sqft ∙ Built 1949
    property image
    LEASED 02/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $4,000
    • $2.11
    •  
  • 3482 Grayburn Road Pasadena, CA 5
    • 3 beds 3 baths ∙ 2,205 Sqft ∙ Built 1940 3 beds 3 baths ∙ 2,205 Sqft ∙ Built 1940
    property image
    LEASED 09/29/20
    • Rent
    • Rent Per SQFT
    •  
    • $4,500
    • $2.04
    •  
PROPERTY LISTING DETAILS
William Tong
Golden Land Inv. & Financial
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: WS20229946
Last Updated: 11/28/2020
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