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

430 Sonora Avenue Glendale, CA 91201

4 Beds 3 Baths 1,480 sqft Built 1927

$1,029,000

List Price

$3,200

$3K - $3.5K

Rent Est.

PROPERTY INFO

FACTS
  • Single Family
  • Built In 1927
  • Price/Sqft : $695.27
  • 108 Days on Market
  • MLS # : ND20189262
  • Updated Date : 10/28/2020 at 21:01
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,480 sqft
  • Baths : 3 full
Listing Agent

Compass

Listing Agent's Description

Seller to entertain offers between $999,000 and $1,029,000. 70K IN UPGRADES in the last year for ADU and other cosmetic improvements. Meticulously re-built and highly upgraded Spanish charmer located in the Rancho District of Glendale just minutes away from studios and Griffith Park. Brand new converted garage ADU with ADDITIONAL 342 sq. ft. including full kitchen and bath perfect to use as mother-in-law's suite or fourth bedroom. Per contractor built to code but permit status is unknown. Expansive European designed kitchen with top grade Bosh and Miele appliances complete with breakfast nook. Main house designer bathrooms include walk in modern glass showers with decorative tile and modern finishes. Main house third bedroom currently utilized as a beautiful custom built in closet but can be reconverted based on your needs. Every inch of this property has been meticulously re-imagined and re-finished!

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: Riverside Rancho

NeighborhoodNIR Market*CityMarket2010Year20002019200k250k300k350k400k450k500k550k600k650k700k750k800k850kPrice in $181k865k

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

Neighborhood: Riverside Rancho

NeighborhoodNIR Market*CityMarket2010Year2000 Q42019 Q2160018002000220024002600280030003200340036003800Rent in $15053874

* 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
Balboa Elementary School Primary Regular 743 26 7
Balboa Elementary School Middle Regular 743 26 7
Herbert Hoover Senior High School High Regular 1,719 70 7

Balboa Elementary School

  • Education Level: Primary
  • # of students: 743
  • # of teachers: 26
7
GreatSchools Rating

Balboa Elementary School

  • Education Level: Middle
  • # of students: 743
  • # of teachers: 26
7
GreatSchools Rating

Herbert Hoover Senior High School

  • Education Level: High
  • # of students: 1,719
  • # of teachers: 70
7
GreatSchools Rating
 

$926,100$1,131,900$1,029,000

PURCHASE PRICE

$2,880$3,520$3,200

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,200
EXPENSES Loan Payment -$3,574
Property Tax -$989
Property Insurance -$63
Property Management Fees -$157
CASH FLOW
-$1,583

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.

$1,029,000

PROJECTED PRICE

$3,200

PROJECTED RENT

0.31%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.56%
Appreciation Year (1-5) 4.0%
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-$25k-$20k-$15k-$10k-$5.0k$0.0$5.0k$10k

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$278,435

INVESTMENT

$278,435

Down Payment
$257,250
Rehab Estimate
$5,750
Closing Costs
$15,435

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 75% down payment or higher enables the proceeds from the asset to cover all costs.

$3,574

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $257,250
Loan Amount $771,750
See What Happens When You Reinvest Cash Flow

0.17

YEARS SAVED

$96

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,200

    LIST RENT
  • $2.16

    LIST RENT PER SQFT
  • $3,411

    COMP ESTIMATED VALUE
  • $2.31

    COMP AVG. RENT PER SQFT
Comps Range
$3,000
1$3,0002$3,2003$3,2004$3,4005$3,450
$3,450
RENT COMPS ANALYSIS
  • 430 Sonora Avenue Glendale, CA 3
    • 4 beds 3 baths ∙ 1,480 Sqft ∙ Built 1927 4 beds 3 baths ∙ 1,480 Sqft ∙ Built 1927
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $3,200
    • $2.16
    •  
  • 1168 Irving Avenue Glendale, CA 1
    • 3 beds 3 baths ∙ 1,250 Sqft ∙ Built 1931 3 beds 3 baths ∙ 1,250 Sqft ∙ Built 1931
    property image
    LEASED 05/16/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,000
    • $2.40
    •  
  • 1028 Davis Avenue Glendale, CA 2
    • 3 beds 2 baths ∙ 1,440 Sqft ∙ Built 1925 3 beds 2 baths ∙ 1,440 Sqft ∙ Built 1925
    property image
    LEASED 09/19/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,200
    • $2.22
    •  
  • 1130 Graynold Avenue Glendale, CA 4
    • 3 beds 2 baths ∙ 1,382 Sqft ∙ Built 1939 3 beds 2 baths ∙ 1,382 Sqft ∙ Built 1939
    property image
    LEASED 07/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,400
    • $2.46
    •  
  • 1617 Riverside Drive Glendale, CA 5
    • 3 beds 2 baths ∙ 1,614 Sqft ∙ Built 1939 3 beds 2 baths ∙ 1,614 Sqft ∙ Built 1939
    property image
    LEASED 07/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,450
    • $2.14
    •  
PROPERTY LISTING DETAILS
Kelsy Andrade
Compass
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: ND20189262
Last Updated: 10/28/2020
BESbswy