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4922 Glenalbyn Drive Los Angeles, CA 90065

3 Beds 1 Baths 1,796 sqft Built 1987

$1,100,000

List Price

$3,970

$3.7K - $4.2K

Rent Est.

PROPERTY INFO

FACTS
  • Single Family
  • Built In 1987
  • Price/Sqft : $612.47
  • 12 Days on Market
  • MLS # : OC21022357
  • Updated Date : 02/11/2021 at 14:58
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,796 sqft
  • Baths : 1 full
Listing Agent

Douglas Elliman Of California

Listing Agent's Description

"It was love at first sight!" said the homeowners. The natural beauty of trees, the panoramic views, the singing birds, the peacefulness & privacy were why they bought this home. From almost every room, you'll see San Gabriel Mountains: with a sight of Mt. Baldy, Arrowhead, & Mt. San Jacinto. The spacious views of Pasadena & the San Gabriel valley will take your breath away. The spectacular sunrise each morning will warm your heart & soul. The kitchen offers high ceiling, granite countertops, updated appliances & cabinetry. The Open Concept living & dining rooms have high ceilings. Main floor bedroom with its high ceiling is great for someone not able to use stairs. All bedrooms are private. You'll enjoy coffee on the decks "in nature!" Walk to Mt. Washington Elementary School only 3 blocks away. Close to Fwy access, 5 miles to downtown LA & easy access to Pasadena, Eagle Rock, Glendale, & Burbank. Pleasant walks, trails, & parks. On the other side of the mountain, you can see the Friday night fireworks at Dodger Stadium, downtown Los Angeles and the Griffith Observatory, the ocean and Catalina Island. There is a historical context to Mt. Washington, next to Highland Park, the oldest town in Los Angeles. Visitors can see every architectural style on Mt. Washington, no cookie-cutter tract houses. The residents reflect individuality, too. Rustic feel yet close to the metropolitan center. This is a MUST SEE! Do not miss it!

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: 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
 

$990,000$1,210,000$1,100,000

PURCHASE PRICE

$3,573$4,367$3,970

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,970
EXPENSES Loan Payment -$3,821
Property Tax -$1,143
Property Insurance -$70
Property Management Fees -$195
CASH FLOW
-$1,258

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.

$1,100,000

PROJECTED PRICE

$3,970

PROJECTED RENT

0.36%

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

PROJECTED ANNUAL CASH FLOW

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

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$297,250

INVESTMENT

$297,250

Down Payment
$275,000
Rehab Estimate
$5,750
Closing Costs
$16,500

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$3,821

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $275,000
Loan Amount $825,000
See What Happens When You Reinvest Cash Flow

0.67

YEARS SAVED

$3,482

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,970

    LIST RENT
  • $2.21

    LIST RENT PER SQFT
  • $4,001

    COMP ESTIMATED VALUE
  • $2.23

    COMP AVG. RENT PER SQFT
Comps Range
$3,500
1$3,5002$3,7003$3,9704$4,1005$4,500
$4,500
RENT COMPS ANALYSIS
  • 4922 Glenalbyn Drive Los Angeles, CA 3
    • 3 beds 1 baths ∙ 1,796 Sqft ∙ Built 1987 3 beds 1 baths ∙ 1,796 Sqft ∙ Built 1987
    • Rent
    • Rent Per SQFT
    •  
    • $3,970
    • $2.21
    •  
  • 6029 Fayette St. Los Angeles, CA 1
    • 3 beds 2 baths ∙ 1,630 Sqft ∙ Built 1995 3 beds 2 baths ∙ 1,630 Sqft ∙ Built 1995
    LEASED 02/01/21
    • Rent
    • Rent Per SQFT
    •  
    • $3,500
    • $2.15
    •  
  • 714 Sunnyhill Drive Los Angeles, CA 2
    • 3 beds 3 baths ∙ 1,649 Sqft ∙ Built 1992 3 beds 3 baths ∙ 1,649 Sqft ∙ Built 1992
    LEASED 10/19/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,700
    • $2.24
    •  
  • 4453 Palmero Drive Los Angeles, CA 4
    • 3 beds 3 baths ∙ 1,900 Sqft ∙ Built 1973 3 beds 3 baths ∙ 1,900 Sqft ∙ Built 1973
    LEASED 02/13/20
    • Rent
    • Rent Per SQFT
    •  
    • $4,100
    • $2.16
    •  
  • 756 Quail Drive Los Angeles, CA 5
    • 3 beds 2 baths ∙ 1,909 Sqft ∙ Built 1993 3 beds 2 baths ∙ 1,909 Sqft ∙ Built 1993
    LEASED 12/31/20
    • Rent
    • Rent Per SQFT
    •  
    • $4,500
    • $2.36
    •  
PROPERTY LISTING DETAILS
Roya Oveisi
Douglas Elliman Of California
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: OC21022357
Last Updated: 02/11/2021
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