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4545 Pepperwood Avenue Long Beach, CA 90808

3 Beds 3 Baths 2,419 sqft Built 1941

$899,000

List Price

$3,680

$3.4K - $3.9K

Rent Est.

PROPERTY INFO

FACTS
  • Built In 1941
  • Price/Sqft : $371.64
  • 16 Days on Market
  • MLS # : SB20219845
  • Updated Date : 11/01/2020 at 16:53
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,419 sqft
  • Baths : 2 full , 1 half
Listing Agent

Engel & Volkers La-south Bay

Listing Agent's Description

Welcome to this fantastic Lakewood Village gem. This beautiful and spacious home sits on a large lot and checks off all the boxes. Formal living room, large den/family room with vaulted wood ceiling and exposed beam. Bose stereo system throughout most of the house. The kitchen boasts granite countertops and large island with seating space for 4 people. The spacious master suite has a fireplace and walk-in closet with solar tubes for natural light in the master bath and master closet. The den opens up to a covered patio equipped with lighting, built in bbq area, spa and grassy yard with water feature. Beautiful crown moulding and hardwood floors throughout. All air conditioning duct work was replaced 2 years ago for improved air flow. Alarm system installed. Long driveway with remote controlled driveway gates is perfect for several vehicles or recreational toys. The detached 2 car garage includes a bonus room with a powder room and access from the rear yard. Conveniently located near parks, LBX Shopping Center, Lakewood Golf Course, Skylinks Golf Course and Long Beach City College. You do not want to miss this opportunity.

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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: Lakewood Village

NeighborhoodNIR Market*CityMarket2010Year20002019200k250k300k350k400k450k500k550k600k650k700k750k800k850kPrice in $186k856k

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

Neighborhood: Lakewood Village

NeighborhoodNIR Market*CityMarket2010Year2000 Q42019 Q216001800200022002400260028003000320034003600Rent in $14493697

* 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
Twain Elementary School Primary Regular 581 21 6
Bancroft Middle School Middle Magnet 1,005 35 6
Lakewood High School High Regular 3,553 134 6

Twain Elementary School

  • Education Level: Primary
  • # of students: 581
  • # of teachers: 21
6
GreatSchools Rating

Bancroft Middle School

  • Education Level: Middle
  • # of students: 1,005
  • # of teachers: 35
6
GreatSchools Rating

Lakewood High School

  • Education Level: High
  • # of students: 3,553
  • # of teachers: 134
6
GreatSchools Rating
 

$809,100$988,900$899,000

PURCHASE PRICE

$3,312$4,048$3,680

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,680
EXPENSES Loan Payment -$3,317
Property Tax -$954
Property Insurance -$85
Property Management Fees -$180
CASH FLOW
-$856

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.

$899,000

PROJECTED PRICE

$3,680

PROJECTED RENT

0.41%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.56%
Appreciation Year (1-5) 5.6%
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-$15k-$10k-$5.0k$0.0$5.0k$10k$15k$20k$25k

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$243,985

INVESTMENT

$243,985

Down Payment
$224,750
Rehab Estimate
$5,750
Closing Costs
$13,485

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 60% down payment or higher enables the proceeds from the asset to cover all costs.

$3,317

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $224,750
Loan Amount $674,250
See What Happens When You Reinvest Cash Flow

1.67

YEARS SAVED

$11,831

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,680

    LIST RENT
  • $1.52

    LIST RENT PER SQFT
  • $3,774

    COMP ESTIMATED VALUE
  • $1.56

    COMP AVG. RENT PER SQFT
Comps Range
$3,295
1$3,2952$3,6803$4,850
$4,850
RENT COMPS ANALYSIS
  • 4545 Pepperwood Avenue Long Beach, CA 2
    • 3 beds 3 baths ∙ 2,419 Sqft ∙ Built 1941 3 beds 3 baths ∙ 2,419 Sqft ∙ Built 1941
    • Rent
    • Rent Per SQFT
    •  
    • $3,680
    • $1.52
    •  
  • 6135 Elsa Street Lakewood, CA 1
    • 4 beds 3 baths ∙ 2,571 Sqft ∙ Built 1950 4 beds 3 baths ∙ 2,571 Sqft ∙ Built 1950
    LEASED 08/20/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,295
    • $1.28
    •  
  • 4839 Pepperwood Avenue Long Beach, CA 3
    • 4 beds 3 baths ∙ 2,640 Sqft ∙ Built 1943 4 beds 3 baths ∙ 2,640 Sqft ∙ Built 1943
    LEASED 12/30/19
    • Rent
    • Rent Per SQFT
    •  
    • $4,850
    • $1.84
    •  
PROPERTY LISTING DETAILS
David Salzman
Engel & Volkers La-south Bay
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: SB20219845
Last Updated: 11/01/2020
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