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4029 Guardia Avenue Los Angeles, CA 90032

3 Beds 2 Baths 1,613 sqft Built 1931

$799,000

List Price

$3,100

$2.9K - $3.4K

Rent Est.

PROPERTY INFO

December 31, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1931
  • Price/Sqft : $495.35
  • 5 Days on Market
  • MLS # : PF20263892
  • Updated Date : 12/30/2020 at 18:51
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,613 sqft
  • Baths : 1 full , 1 half
Listing Agent

Redfin Corporation

Listing Agent's Description

Situated in the highly sought after El Sereno area of Los Angeles is this charming, move-in ready Bungalow with all of today’s modern amenities. As you enter, you are welcomed by a cozy living room with a gas fireplace, original hardwood floors throughout, arched doorways and a formal dining area with a custom built-in booth. The remodeled kitchen has Carrera marble, stainless steel appliances, and under cabinet lights. There’s also a coffee nook/pantry accented with Spanish tile. Three bright and spacious bedrooms, a full hall bathroom and a powder room near the kitchen. There is a lovely finished attic which can be great as an office, makeup room, closet or storage with air/heat. The backyard is an entertainer’s dream with a 560 sq ft deck, gas fire pit, misters and shades. The two-car garage has been converted into an amazing indoor/outdoor haven with a new glass garage door with UV protectors, patterned tile floors, washer/dryer hook-ups, a center island on wheels, sink, mini fridge, ice-maker and a brand new ductless heat/AC unit. Manicured yard with Bermuda grass and many fruit trees all on drip irrigation and sprinklers. There is a shaded and padded turf side yard that is perfect for a play area or Yoga. The whole property is kept private with beautiful 8 ft horizontal wood fencing. Dual pane windows, roof, HVAC with NEST thermostat, electrical panel, water heater, copper plumbing and recessed lighting are recently updated, and the home is powered by leased solar.

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MARKET HIGHLIGHTS

  • 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)
  • 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)

PRICE & RENT TRENDS

Neighborhood: El Sereno

NeighborhoodNIR Market*CityMarket2010Year20002019200k250k300k350k400k450k500k550k600k650k700kPrice in $151k725k

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

Neighborhood: El Sereno

NeighborhoodNIR Market*CityMarket2010Year2000 Q42019 Q218002000220024002600280030003200Rent in $16373316

* 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
El Sereno Elementary School Primary Regular 432 18 6
El Sereno Elementary School Middle Regular 432 18 6
Abraham Lincoln Senior High School High Regular 1,219 54 5

El Sereno Elementary School

  • Education Level: Primary
  • # of students: 432
  • # of teachers: 18
6
GreatSchools Rating

El Sereno Elementary School

  • Education Level: Middle
  • # of students: 432
  • # of teachers: 18
6
GreatSchools Rating

Abraham Lincoln Senior High School

  • Education Level: High
  • # of students: 1,219
  • # of teachers: 54
5
GreatSchools Rating
 

$719,100$878,900$799,000

PURCHASE PRICE

$2,790$3,410$3,100

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,100
EXPENSES Loan Payment -$2,948
Property Tax -$830
Property Insurance -$66
Property Management Fees -$152
CASH FLOW
-$896

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 12% of earned rent to cover both maintenance and periods of vacancy.

$799,000

PROJECTED PRICE

$3,100

PROJECTED RENT

0.39%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.35%
Appreciation Year (1-5) 11.9%
Maintenance Year (1-5) 8.00%
Vacancy 4.14%
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-$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$3.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$217,485

INVESTMENT

$217,485

Down Payment
$199,750
Rehab Estimate
$5,750
Closing Costs
$11,985

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,948

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $199,750
Loan Amount $599,250
See What Happens When You Reinvest Cash Flow

1.25

YEARS SAVED

$5,276

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,100

    LIST RENT
  • $1.92

    LIST RENT PER SQFT
  • $3,633

    COMP ESTIMATED VALUE
  • $2.25

    COMP AVG. RENT PER SQFT
Comps Range
$3,100
1$3,1002$3,3003$3,4504$3,8505$3,950
$3,950
RENT COMPS ANALYSIS
  • 4029 Guardia Avenue Los Angeles, CA 1
    • 3 beds 2 baths ∙ 1,613 Sqft ∙ Built 1931 3 beds 2 baths ∙ 1,613 Sqft ∙ Built 1931
    • Rent
    • Rent Per SQFT
    •  
    • $3,100
    • $1.92
    •  
  • 830 Bonita Drive South Pasadena, CA 2
    • 4 beds 3 baths ∙ 1,399 Sqft ∙ Built 1925 4 beds 3 baths ∙ 1,399 Sqft ∙ Built 1925
    LEASED 10/29/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,300
    • $2.36
    •  
  • 1340 Elm Park Street South Pasadena, CA 3
    • 3 beds 2 baths ∙ 1,557 Sqft ∙ Built 1950 3 beds 2 baths ∙ 1,557 Sqft ∙ Built 1950
    LEASED 02/05/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,450
    • $2.22
    •  
  • 1216 Oak Hill Avenue South Pasadena, CA 4
    • 4 beds 1 baths ∙ 1,710 Sqft ∙ Built 1948 4 beds 1 baths ∙ 1,710 Sqft ∙ Built 1948
    LEASED 03/13/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,850
    • $2.25
    •  
  • 2021 Marengo Avenue South Pasadena, CA 5
    • 3 beds 2 baths ∙ 1,808 Sqft ∙ Built 1922 3 beds 2 baths ∙ 1,808 Sqft ∙ Built 1922
    LEASED 09/08/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,950
    • $2.18
    •  
PROPERTY LISTING DETAILS
Seta Chorbajian
Redfin Corporation
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: PF20263892
Last Updated: 12/30/2020
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