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4541 Bedilion Street El Sereno, CA 90032

3 Beds 2 Baths 1,099 sqft Built 1953

$720,000

List Price

$2,530

$2.3K - $2.8K

Rent Est.

PROPERTY INFO

November 06, 2020 RECENTLY ADDED
FACTS
  • Built In 1953
  • Price/Sqft : $655.14
  • 5 Days on Market
  • MLS # : SR20232986
  • Updated Date : 11/04/2020 at 14:26
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,099 sqft
  • Baths : 2 full
Listing Agent

Og Realty Group

Listing Agent's Description

Welcome to this great property in the "Up And Coming" city of El Sereno. Only a 10 minute drive to Downtown LA and Pasadena. This property is centrally located close to schools, restaurants, shopping centers, and multiple freeway access. This home offers great views of the city and has a nice back yard with plenty of mature fruit trees like lemon, avocado, apricot, cherry, orange, grape fruit etc. The first floor has the living room, kitchen, 2 bedrooms with a full bath. The 2nd floor has a bedroom, full bath, bonus room, and laundry area. The backyard features a patio area for get togethers and gatherings. At the bottom of the property there are even more fruit trees. There is also a walking and running trail nearby. Don't miss out on this great property.

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
Farmdale Elementary School Primary Regular 526 26 2
El Sereno Middle School Middle Regular 1,276 65 4
Abraham Lincoln Senior High School High Regular 1,219 54 5

Farmdale Elementary School

  • Education Level: Primary
  • # of students: 526
  • # of teachers: 26
2
GreatSchools Rating

El Sereno Middle School

  • Education Level: Middle
  • # of students: 1,276
  • # of teachers: 65
4
GreatSchools Rating

Abraham Lincoln Senior High School

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

$648,000$792,000$720,000

PURCHASE PRICE

$2,277$2,783$2,530

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,530
EXPENSES Loan Payment -$2,656
Property Tax -$754
Property Insurance -$54
Property Management Fees -$124
CASH FLOW
-$1,058

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.

$720,000

PROJECTED PRICE

$2,530

PROJECTED RENT

0.35%

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-$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$196,550

INVESTMENT

$196,550

Down Payment
$180,000
Rehab Estimate
$5,750
Closing Costs
$10,800

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,656

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $180,000
Loan Amount $540,000
See What Happens When You Reinvest Cash Flow

0.25

YEARS SAVED

$371

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,530

    LIST RENT
  • $2.3

    LIST RENT PER SQFT
  • $2,520

    COMP ESTIMATED VALUE
  • $2.29

    COMP AVG. RENT PER SQFT
Comps Range
$2,500
1$2,5002$2,5303$2,8504$3,299
$3,299
RENT COMPS ANALYSIS
  • 4541 Bedilion Street El Sereno, CA 2
    • 3 beds 2 baths ∙ 1,099 Sqft ∙ Built 1953 3 beds 2 baths ∙ 1,099 Sqft ∙ Built 1953
    • Rent
    • Rent Per SQFT
    •  
    • $2,530
    • $2.30
    •  
  • 4834 Zella Place El Sereno, CA 1
    • 3 beds 1 baths ∙ 1,304 Sqft ∙ Built 1953 3 beds 1 baths ∙ 1,304 Sqft ∙ Built 1953
    LEASED 07/15/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $1.92
    •  
  • 804 S Westboro Avenue Alhambra, CA 3
    • 3 beds 2 baths ∙ 1,097 Sqft ∙ Built 1949 3 beds 2 baths ∙ 1,097 Sqft ∙ Built 1949
    LEASED 10/09/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,850
    • $2.60
    •  
  • 2021 Vineburn Avenue Los Angeles, CA 4
    • 3 beds 2 baths ∙ 1,396 Sqft ∙ Built 1941 3 beds 2 baths ∙ 1,396 Sqft ∙ Built 1941
    LEASED 09/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,299
    • $2.36
    •  
PROPERTY LISTING DETAILS
Ozzie Gonzalez
Og Realty Group
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: SR20232986
Last Updated: 11/04/2020
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