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439 Vineyard Place Pasadena, CA 91107

3 Beds 1 Baths 1,658 sqft Built 1925

$849,000

List Price

$3,130

$2.9K - $3.4K

Rent Est.

PROPERTY INFO

January 16, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1925
  • Price/Sqft : $512.06
  • 3 Days on Market
  • MLS # : P1-2919
  • Updated Date : 01/16/2021 at 19:04
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,658 sqft
  • Baths : 1 full
Listing Agent

Deasy Penner Podley

Listing Agent's Description

This recently remodeled property offers an open floor plan with two bedrooms, two baths, a sunroom and laundry room in the main house. Some of the upgrades include: custom designed bathrooms, custom kitchen with commercial stainless appliances, Quartz counter tops throughout, porcelain farm house sink, custom subway and glass mosaic tile, crown molding, high end laminate wood flooring, recessed lighting, central air, double pane windows, drought tolerant landscaping, updated foundation and more. The remodeled guest unit has all new kitchen, bathroom, quartz counter tops, flooring, AC, lighting, patio slider and much more. The guest unit adds a wonderful feature to this home, as it could be used for an in-law suite, office or creative space. The location of this home has all the convenience one can ask for with close proximity to grocery stores, shopping and more.

SEE MORE

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: East Eaton Wash

NeighborhoodNIR Market*CityMarket2010Year20002019200k250k300k350k400k450k500k550k600k650k700k750k800k850kPrice in $199k856k

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

Neighborhood: East Eaton Wash

NeighborhoodNIR Market*CityMarket2010Year2000 Q42019 Q216001800200022002400260028003000320034003600Rent in $15983697

* 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
Norma Coombs Elementary School Primary Regular 440 18 5
Woodrow Wilson Middle School Middle Regular 570 27 4
Pasadena High School High Regular 1,903 84 6

Norma Coombs Elementary School

  • Education Level: Primary
  • # of students: 440
  • # of teachers: 18
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
 

$764,100$933,900$849,000

PURCHASE PRICE

$2,817$3,443$3,130

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,130
EXPENSES Loan Payment -$2,949
Property Tax -$825
Property Insurance -$67
Property Management Fees -$153
CASH FLOW
-$865

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.

$849,000

PROJECTED PRICE

$3,130

PROJECTED RENT

0.37%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.56%
Appreciation Year (1-5) 10.7%
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-$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$230,735

INVESTMENT

$230,735

Down Payment
$212,250
Rehab Estimate
$5,750
Closing Costs
$12,735

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,949

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $212,250
Loan Amount $636,750
See What Happens When You Reinvest Cash Flow

1.33

YEARS SAVED

$5,387

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,130

    LIST RENT
  • $1.89

    LIST RENT PER SQFT
  • $3,652

    COMP ESTIMATED VALUE
  • $2.2

    COMP AVG. RENT PER SQFT
Comps Range
$3,000
1$3,0002$3,1303$3,5004$3,8005$4,250
$4,250
RENT COMPS ANALYSIS
  • 439 Vineyard Place Pasadena, CA 2
    • 3 beds 1 baths ∙ 1,658 Sqft ∙ Built 1925 3 beds 1 baths ∙ 1,658 Sqft ∙ Built 1925
    • Rent
    • Rent Per SQFT
    •  
    • $3,130
    • $1.89
    •  
  • 3744 Elma Road Pasadena, CA 1
    • 4 beds 2 baths ∙ 1,524 Sqft ∙ Built 1924 4 beds 2 baths ∙ 1,524 Sqft ∙ Built 1924
    LEASED 08/20/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,000
    • $1.97
    •  
  • 2445 E Villa Street Pasadena, CA 3
    • 3 beds 2 baths ∙ 1,593 Sqft ∙ Built 1927 3 beds 2 baths ∙ 1,593 Sqft ∙ Built 1927
    LEASED 07/06/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,500
    • $2.20
    •  
  • 3637 Grayburn Road Pasadena, CA 4
    • 3 beds 1 baths ∙ 1,602 Sqft ∙ Built 1940 3 beds 1 baths ∙ 1,602 Sqft ∙ Built 1940
    LEASED 07/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,800
    • $2.37
    •  
  • 3551 Yorkshire Road Pasadena, CA 5
    • 4 beds 2 baths ∙ 1,872 Sqft ∙ Built 1938 4 beds 2 baths ∙ 1,872 Sqft ∙ Built 1938
    LEASED 09/12/19
    • Rent
    • Rent Per SQFT
    •  
    • $4,250
    • $2.27
    •  
PROPERTY LISTING DETAILS
Nabil Suleiman
Deasy Penner Podley
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: P1-2919
Last Updated: 01/16/2021
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