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4836 Glenalbyn Drive Los Angeles, CA 90065

3 Beds 3 Baths 2,580 sqft Built 1991

$1,275,000

List Price

$4,310

$4.1K - $4.6K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
February 22, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1991
  • Price/Sqft : $494.19
  • 7 Days on Market
  • MLS # : 21696104
  • Updated Date : 02/27/2021 at 22:41
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,580 sqft
  • Baths : 3 full
Listing Agent

Compass

Listing Agent's Description

Contemporary design, showers of sunlight and gorgeous views make for a great find in prime Mt. Washington. This recently-remodeled home presents ample square footage and soaring ceiling height, with a dramatic fireplace and wall of glass framing canyon and mountain vistas. Flooring, floating stair treads and exposed ceiling beams are crafted in custom woodwork; the kitchen features an oversized peninsula and stainless appliances. Three bedrooms include the impressive Primary, sequestered on its own level with a luxurious bath, walk-in closet and private viewing deck. Outdoors find sitting areas and flat yard space, perfect for lounging and dining in a private setting. Amenities include central heat+air, an Arlo smart doorbell and attached two-car garage. This choice location places you near Mt. Washington Elementary School and the hiking trails of Elyria Canyon Park. Head down the hill to trendy Figueroa Street and local favorites Civil Coffee, Kitchen Mouse, Cookbook Market and more.

SEE MORE

MARKET HIGHLIGHTS

  • Southern California area contributes to 55.3% of California state economy i.e. Gross State Product (USMayors.org, 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)
  • 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 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)
  • 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]
  • 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)

PRICE & RENT TRENDS

Neighborhood: Mount Washington

NeighborhoodNIR Market*CityMarket2010Year20002019200k250k300k350k400k450k500k550k600k650k700k750k800kPrice in $187k818k

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

Neighborhood: Mount Washington

NeighborhoodNIR Market*CityMarket2010Year2000 Q42019 Q218002000220024002600280030003200340036003800Rent in $16353845

* 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
Luther Burbank Middle School Middle Regular 883 36 5
Benjamin Franklin High School High Regular 1,460 56 6

Luther Burbank Middle School

  • Education Level: Middle
  • # of students: 883
  • # of teachers: 36
5
GreatSchools Rating

Benjamin Franklin High School

  • Education Level: High
  • # of students: 1,460
  • # of teachers: 56
6
GreatSchools Rating
 

$1,147,500$1,402,500$1,275,000

PURCHASE PRICE

$3,879$4,741$4,310

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $4,310
EXPENSES Loan Payment -$4,429
Property Tax -$1,325
Property Insurance -$89
Property Management Fees -$211
CASH FLOW
-$1,743

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.

$1,275,000

PROJECTED PRICE

$4,310

PROJECTED RENT

0.34%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.48%
Appreciation Year (1-5) 10.0%
Maintenance Year (1-5) 8.00%
Vacancy 4.69%
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$3.5M$4.0M$4.5M

PROJECTED ANNUAL CASH FLOW

11530-$30k-$20k-$10k$0.0$10k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$500k$1.0M$1.5M$2.0M$2.5M$3.0M$3.5M$4.0M$4.5M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$343,625

INVESTMENT

$343,625

Down Payment
$318,750
Rehab Estimate
$5,750
Closing Costs
$19,125

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$4,429

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $318,750
Loan Amount $956,250
See What Happens When You Reinvest Cash Flow

0.25

YEARS SAVED

$579

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $4,310

    LIST RENT
  • $1.67

    LIST RENT PER SQFT
  • $3,922

    COMP ESTIMATED VALUE
  • $1.52

    COMP AVG. RENT PER SQFT
Comps Range
$4,310
1$4,3102$4,400
$4,400
RENT COMPS ANALYSIS
  • 4836 Glenalbyn Drive Los Angeles, CA 1
    • 3 beds 3 baths ∙ 2,580 Sqft ∙ Built 1991 3 beds 3 baths ∙ 2,580 Sqft ∙ Built 1991
    • Rent
    • Rent Per SQFT
    •  
    • $4,310
    • $1.67
    •  
  • 959 Oneonta Drive Los Angeles, CA 2
    • 4 beds 4 baths ∙ 2,904 Sqft ∙ Built 2008 4 beds 4 baths ∙ 2,904 Sqft ∙ Built 2008
    LEASED 05/13/20
    • Rent
    • Rent Per SQFT
    •  
    • $4,400
    • $1.52
    •  
PROPERTY LISTING DETAILS
Tracy B Do
Compass
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: 21696104
Last Updated: 02/27/2021
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