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4130 Van Horne Avenue El Sereno, CA 90032

3 Beds 2 Baths 2,176 sqft Built 1926

$699,900

List Price

$3,070

$2.8K - $3.3K

Rent Est.

PROPERTY INFO

December 28, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1926
  • Price/Sqft : $321.65
  • 7 Days on Market
  • MLS # : WS20263343
  • Updated Date : 12/28/2020 at 13:39
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,176 sqft
  • Baths : 2 full
Listing Agent

Granada Knoll Realty

Listing Agent's Description

**WELCOME HOME** 3 great sized bedrooms including a HUGE master bedroom with walk-in closet. 2 Bathrooms. Enter this home into a formal entry with coat closet. Proceed into the giant Living room and dining room. With this open concept, the dining room opens up to an ample kitchen with newer appliances that can stay with a great offer. A great pantry area completes the kitchen. Most of the house has tile floors and the bedrooms sport some nice hardwood floors. Recessed lighting and its modern style make this a great home for family and entertaining. Driveway provides plenty of parking on this quiet street in El Sereno. Make your appointment today!

SEE MORE

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
 

$629,910$769,890$699,900

PURCHASE PRICE

$2,763$3,377$3,070

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,070
EXPENSES Loan Payment -$2,582
Property Tax -$733
Property Insurance -$79
Property Management Fees -$150
CASH FLOW
-$475

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.

$699,900

PROJECTED PRICE

$3,070

PROJECTED RENT

0.44%

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

PROJECTED ANNUAL CASH FLOW

11530-$10k-$5.0k$0.0$5.0k$10k$15k$20k

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$191,224

INVESTMENT

$191,224

Down Payment
$174,975
Rehab Estimate
$5,750
Closing Costs
$10,499

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,582

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $174,975
Loan Amount $524,925
See What Happens When You Reinvest Cash Flow

3.17

YEARS SAVED

$20,638

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,070

    LIST RENT
  • $1.41

    LIST RENT PER SQFT
  • $2,845

    COMP ESTIMATED VALUE
  • $1.31

    COMP AVG. RENT PER SQFT
Comps Range
$2,400
1$2,4002$2,6003$3,0704$3,2005$3,300
$3,300
RENT COMPS ANALYSIS
  • 4130 Van Horne Avenue El Sereno, CA 3
    • 3 beds 2 baths ∙ 2,176 Sqft ∙ Built 1926 3 beds 2 baths ∙ 2,176 Sqft ∙ Built 1926
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $3,070
    • $1.41
    •  
  • 4506 Cassatt Street Los Angeles, CA 1
    • 3 beds 2 baths ∙ 2,000 Sqft ∙ Built 1926 3 beds 2 baths ∙ 2,000 Sqft ∙ Built 1926
    property image
    LEASED 10/05/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,400
    • $1.20
    •  
  • 2812 Birch Street Alhambra, CA 2
    • 3 beds 2 baths ∙ 2,034 Sqft ∙ Built 1923 3 beds 2 baths ∙ 2,034 Sqft ∙ Built 1923
    property image
    LEASED 02/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,600
    • $1.28
    •  
  • 709 N Electric Avenue Alhambra, CA 4
    • 4 beds 2 baths ∙ 2,286 Sqft ∙ Built 1908 4 beds 2 baths ∙ 2,286 Sqft ∙ Built 1908
    property image
    LEASED 05/06/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,200
    • $1.40
    •  
  • 1428 Oak Street South Pasadena, CA 5
    • 3 beds 2 baths ∙ 2,436 Sqft ∙ Built 1932 3 beds 2 baths ∙ 2,436 Sqft ∙ Built 1932
    property image
    LEASED 05/26/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,300
    • $1.35
    •  
PROPERTY LISTING DETAILS
Christian Godoy
Granada Knoll Realty
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: WS20263343
Last Updated: 12/28/2020
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