Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more

3754 Gaviota Avenue Long Beach, CA 90807

4 Beds 2 Baths 1,972 sqft Built 1931

$899,000

List Price

$3,300

$3.1K - $3.6K

Rent Est.

PROPERTY INFO

October 30, 2020 RECENTLY ADDED
FACTS
  • Built In 1931
  • Price/Sqft : $455.88
  • 8 Days on Market
  • MLS # : PW20226562
  • Updated Date : 10/28/2020 at 17:59
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,972 sqft
  • Baths : 2 full
Listing Agent

Joiner Realty

Listing Agent's Description

Custom English Tudor in California Heights Historical District! This outstanding home features four Bedrooms, two bathrooms with 1972sq ft of living space. From your front courtyard, step through the custom front door into the spacious living room with a wood burning fireplace. Notice the original refinished hardwood floors, coved ceilings, mahogany wood trim, and a stunning arabesque window. The custom kitchen with gorgeous antique cabinetry, granite counters, cast iron farmhouse sink, bay window, with appliances included! Cozy breakfast nook and a formal dining room. The downstairs bath features custom cabinetry, jacuzzi tub, and a separate shower stall. The two downstairs bedrooms are spacious with hardwood floors, and beautiful ceiling moldings. Throughout the home find custom details like hardwood doors with glass handles, arched doorways, casement windows, central air and heat. Upstairs find the Master bedroom and bath, charming alcoves, and a Jack and Jill bedroom. The private backyard is like an enchanted garden with patio deck, fire pit area, lush landscape, cocktail grapefruit tree, red bud tree, and wisteria vine. Close to freeways, schools and shopping! This house is definitely one to see! Show and sell!

SEE MORE

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: California Heights Historic District

NeighborhoodNIR Market*CityMarket2010Year20002019200k250k300k350k400k450k500k550k600k650k700k750k800k850kPrice in $186k856k

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

Neighborhood: California Heights Historic District

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
Longfellow Elementary School Primary Magnet 1,080 36 7
Hughes Middle School Middle Magnet 1,521 51 7
Polytechnic High School High Magnet 4,464 167 7

Longfellow Elementary School

  • Education Level: Primary
  • # of students: 1,080
  • # of teachers: 36
7
GreatSchools Rating

Hughes Middle School

  • Education Level: Middle
  • # of students: 1,521
  • # of teachers: 51
7
GreatSchools Rating

Polytechnic High School

  • Education Level: High
  • # of students: 4,464
  • # of teachers: 167
7
GreatSchools Rating
 

$809,100$988,900$899,000

PURCHASE PRICE

$2,970$3,630$3,300

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,300
EXPENSES Loan Payment -$3,317
Property Tax -$948
Property Insurance -$75
Property Management Fees -$162
CASH FLOW
-$1,201

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.

$899,000

PROJECTED PRICE

$3,300

PROJECTED RENT

0.37%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.56%
Appreciation Year (1-5) 6.8%
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-$20k-$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$243,985

INVESTMENT

$243,985

Down Payment
$224,750
Rehab Estimate
$5,750
Closing Costs
$13,485

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$3,317

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $224,750
Loan Amount $674,250
See What Happens When You Reinvest Cash Flow

0.42

YEARS SAVED

$1,333

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,300

    LIST RENT
  • $1.67

    LIST RENT PER SQFT
  • $3,326

    COMP ESTIMATED VALUE
  • $1.69

    COMP AVG. RENT PER SQFT
Comps Range
$2,750
1$2,7502$3,3003$3,4954$3,680
$3,680
RENT COMPS ANALYSIS
  • 3754 Gaviota Avenue Long Beach, CA 2
    • 4 beds 2 baths ∙ 1,972 Sqft ∙ Built 1931 4 beds 2 baths ∙ 1,972 Sqft ∙ Built 1931
    • Rent
    • Rent Per SQFT
    •  
    • $3,300
    • $1.67
    •  
  • 3607 Lemon Avenue Long Beach, CA 1
    • 3 beds 1 baths ∙ 1,764 Sqft ∙ Built 1934 3 beds 1 baths ∙ 1,764 Sqft ∙ Built 1934
    LEASED 03/04/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,750
    • $1.56
    •  
  • 3960 Brayton Avenue Long Beach, CA 3
    • 3 beds 2 baths ∙ 1,934 Sqft ∙ Built 1947 3 beds 2 baths ∙ 1,934 Sqft ∙ Built 1947
    LEASED 10/08/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,495
    • $1.81
    •  
  • 4455 N Country Club Lane Long Beach, CA 4
    • 3 beds 2 baths ∙ 2,172 Sqft ∙ Built 1951 3 beds 2 baths ∙ 2,172 Sqft ∙ Built 1951
    LEASED 07/13/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,680
    • $1.69
    •  
PROPERTY LISTING DETAILS
Steve Joiner
Joiner Realty
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: PW20226562
Last Updated: 10/28/2020
BESbswy