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

482 Vineyard Place Pasadena, CA 91107

3 Beds 2 Baths 1,236 sqft Built 1952

$759,000

List Price

$2,760

$2.5K - $3K

Rent Est.

PROPERTY INFO

November 12, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1952
  • Price/Sqft : $614.08
  • 4 Days on Market
  • MLS # : AR20237662
  • Updated Date : 11/14/2020 at 14:38
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,236 sqft
  • Baths : 2 full
Listing Agent

Century 21 Village Realty

Listing Agent's Description

Charming Traditional style home tucked away on a quiet cul-de-sac in a desirable neighborhood in North East Pasadena. This 1,236 square foot home features 3 bedrooms; 2 Bathrooms; Large Living room with Fireplace; Expansive Formal Dining Room; Modern Kitchen with Granite Countertops; Laundry room; Master Suite; Crown molding; Dual pane windows; 2 Car Detached Garage(part of the Garage is converted to a home office but can easily be converted back to full 2 car garage if desired); Storage Shed; Quaint backyard plenty of space for al fresco dining, BBQ and entertaining; Close to shopping, restaurants, parks, Metro Gold Line, Trader Joe's & Whole Foods! See the 3d tour at 482vineyard360.julieville.com!

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: 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
 

$683,100$834,900$759,000

PURCHASE PRICE

$2,484$3,036$2,760

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,760
EXPENSES Loan Payment -$2,800
Property Tax -$738
Property Insurance -$57
Property Management Fees -$135
CASH FLOW
-$970

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.

$759,000

PROJECTED PRICE

$2,760

PROJECTED RENT

0.36%

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

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$206,885

INVESTMENT

$206,885

Down Payment
$189,750
Rehab Estimate
$5,750
Closing Costs
$11,385

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,800

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $189,750
Loan Amount $569,250
See What Happens When You Reinvest Cash Flow

0.58

YEARS SAVED

$1,853

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,760

    LIST RENT
  • $2.23

    LIST RENT PER SQFT
  • $2,753

    COMP ESTIMATED VALUE
  • $2.23

    COMP AVG. RENT PER SQFT
Comps Range
$2,760
1$2,7602$2,8003$3,0004$3,3005$3,700
$3,700
RENT COMPS ANALYSIS
  • 482 Vineyard Place Pasadena, CA 1
    • 3 beds 2 baths ∙ 1,236 Sqft ∙ Built 1952 3 beds 2 baths ∙ 1,236 Sqft ∙ Built 1952
    • Rent
    • Rent Per SQFT
    •  
    • $2,760
    • $2.23
    •  
  • 2459 Loma Vista Street Pasadena, CA 2
    • 3 beds 3 baths ∙ 1,364 Sqft ∙ Built 1965 3 beds 3 baths ∙ 1,364 Sqft ∙ Built 1965
    LEASED 07/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,800
    • $2.05
    •  
  • 3636 Mountain View Avenue Pasadena, CA 3
    • 3 beds 1 baths ∙ 1,325 Sqft ∙ Built 1942 3 beds 1 baths ∙ 1,325 Sqft ∙ Built 1942
    LEASED 05/28/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,000
    • $2.26
    •  
  • 1325 Medford Road Pasadena, CA 4
    • 3 beds 2 baths ∙ 1,474 Sqft ∙ Built 1952 3 beds 2 baths ∙ 1,474 Sqft ∙ Built 1952
    LEASED 03/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,300
    • $2.24
    •  
  • 1165 Pine Bluff Drive Pasadena, CA 5
    • 4 beds 1 baths ∙ 1,568 Sqft ∙ Built 1954 4 beds 1 baths ∙ 1,568 Sqft ∙ Built 1954
    LEASED 04/03/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,700
    • $2.36
    •  
PROPERTY LISTING DETAILS
Julie Bencosme
Century 21 Village Realty
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: AR20237662
Last Updated: 11/14/2020
BESbswy