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4808 Twining Street El Sereno, CA 90032

3 Beds 2 Baths 1,436 sqft Built 1937

$699,000

List Price

$3,280

$3K - $3.5K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
July 12, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1937
  • Price/Sqft : $486.77
  • 6 Days on Market
  • MLS # : MB21149027
  • Updated Date : 07/12/2021 at 15:12
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,436 sqft
  • Baths : 2 full
Listing Agent

United Brokers Realty

Listing Agent's Description

Nice 3 bedroom, 1 & 3/4 bath. older home but shows well.

SEE MORE

MARKET HIGHLIGHTS

  • As part of Southern California area, Los Angeles market inherits all the benefits from the area.
  • Southern California's economy is worth $1.58 trillion in Gross Metro Product and projected to grow to $1.67 trillion (USMayors.org, 2018)
  • 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 has 58.7% labor force participation rate; within this area, Los Angeles metro has 62.3% labor force participation rate (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)
  • 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]

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
 

$629,100$768,900$699,000

PURCHASE PRICE

$2,952$3,608$3,280

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,280
EXPENSES Loan Payment -$2,428
Property Tax -$732
Property Insurance -$62
Property Management Fees -$161
CASH FLOW
-$102

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.

$699,000

PROJECTED PRICE

$3,280

PROJECTED RENT

0.47%

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-$5.0k$0.0$5.0k$10k$15k$20k$25k$30k

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$190,985

INVESTMENT

$190,985

Down Payment
$174,750
Rehab Estimate
$5,750
Closing Costs
$10,485

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 50% down payment or higher enables the proceeds from the asset to cover all costs.

$2,428

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $174,750
Loan Amount $524,250
See What Happens When You Reinvest Cash Flow

5.67

YEARS SAVED

$44,763

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,280

    LIST RENT
  • $2.28

    LIST RENT PER SQFT
  • $3,547

    COMP ESTIMATED VALUE
  • $2.47

    COMP AVG. RENT PER SQFT
Comps Range
$3,000
1$3,0002$3,2803$3,2994$3,9505$4,500
$4,500
RENT COMPS ANALYSIS
  • 4808 Twining Street El Sereno, CA 2
    • 3 beds 2 baths ∙ 1,436 Sqft ∙ Built 1937 3 beds 2 baths ∙ 1,436 Sqft ∙ Built 1937
    • Rent
    • Rent Per SQFT
    •  
    • $3,280
    • $2.28
    •  
  • 3117 Vaquero Los Angeles, CA 1
    • 3 beds 2 baths ∙ 1,200 Sqft ∙ Built 1953 3 beds 2 baths ∙ 1,200 Sqft ∙ Built 1953
    LEASED 04/12/21
    • Rent
    • Rent Per SQFT
    •  
    • $3,000
    • $2.50
    •  
  • 2021 Vineburn Avenue Los Angeles, CA 3
    • 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
    •  
  • 3315 Danzig Place Alhambra, CA 4
    • 3 beds 2 baths ∙ 1,604 Sqft ∙ Built 1953 3 beds 2 baths ∙ 1,604 Sqft ∙ Built 1953
    LEASED 07/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,950
    • $2.46
    •  
  • 1704 La Golondrina Avenue Alhambra, CA 5
    • 4 beds 2 baths ∙ 1,760 Sqft ∙ Built 1930 4 beds 2 baths ∙ 1,760 Sqft ∙ Built 1930
    LEASED 04/26/21
    • Rent
    • Rent Per SQFT
    •  
    • $4,500
    • $2.56
    •  
PROPERTY LISTING DETAILS
Paul Aguilar
United Brokers Realty
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: MB21149027
Last Updated: 07/12/2021
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