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PROPERTY INFO
FACTS
- Single Family
- Built In 2008
- Price/Sqft : $453.90
- 102 Days on Market
- MLS # : AR20200505
- Updated Date : 01/02/2021 at 19:04
CONSTRUCTION
- Beds : 3
- Floor Size : 1,540 sqft
- Baths : 2 full , 1 half
Listing Agent
Irn Realty
Listing Agent's Description
2008 built a Beautifully townhome in a safe gated community. This home has 3 bedrooms and 2.5 baths. Two car garage on the subterranean level with additional storage. Welcome to the spacious living room with a cozy marble fireplace. The kitchen has Italian-designed Scavolini Sax cabinets. All bedrooms upstairs, Large size Master bedroom with a walk-in closet. The Master bath has a separate shower and jacuzzi tub. Property close to shopping, school, transportation, freeways, and much more.
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MARKET HIGHLIGHTS
- 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)
- 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)
PRICE & RENT TRENDS
Neighborhood: Lamanda Park
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Lamanda Park
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $2,720 |
| EXPENSES | Loan Payment | -$2,579 |
| Property Tax | -$679 | |
| Property Insurance | -$64 | |
| HOA | -$237 | |
| Property Management Fees | -$133 | |
|
CASH FLOW
-$973
|
||
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.
$699,000
PROJECTED PRICE
$2,720
PROJECTED RENT
0.39%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 4.56% |
| Appreciation Year (1-5) | 6.0% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 5.05% |
| Length of Stay Years | 2 |
PROJECTED ACCUMULATED WEALTH
30 YEAR PROJECTION
- Cash Flow
- Appreciation
- Principal
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$190,985
LOAN DETAILS
$2,579
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $174,750 |
| Loan Amount | $524,250 |
0.33
YEARS SAVED
$491
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$2,720
LIST RENT -
$1.77
LIST RENT PER SQFT
-
$2,911
COMP ESTIMATED VALUE -
$1.89
COMP AVG. RENT PER SQFT
Comps Range
-
51 S San Gabriel Boulevard Pasadena, CA 1
- 3 beds 3 baths ∙ 1,540 Sqft ∙ Built 2008 3 beds 3 baths ∙ 1,540 Sqft ∙ Built 2008
![property image]()
- Rent
- Rent Per SQFT
- $2,720
- $1.77
-
56 S Craig Avenue Pasadena, CA 2
- 3 beds 3 baths ∙ 1,637 Sqft ∙ Built 2007 3 beds 3 baths ∙ 1,637 Sqft ∙ Built 2007
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LEASED 02/11/20- Rent
- Rent Per SQFT
- $3,000
- $1.83
-
26 S Sunnyslope Avenue Pasadena, CA 3
- 3 beds 3 baths ∙ 1,620 Sqft ∙ Built 2008 3 beds 3 baths ∙ 1,620 Sqft ∙ Built 2008
![property image]()
LEASED 12/12/19- Rent
- Rent Per SQFT
- $3,100
- $1.91
-
2449 Oswego Street Pasadena, CA 4
- 3 beds 3 baths ∙ 1,749 Sqft ∙ Built 2008 3 beds 3 baths ∙ 1,749 Sqft ∙ Built 2008
![property image]()
LEASED 05/18/19- Rent
- Rent Per SQFT
- $3,200
- $1.83
-
53 N Oak Avenue Pasadena, CA 5
- 3 beds 3 baths ∙ 1,660 Sqft ∙ Built 2009 3 beds 3 baths ∙ 1,660 Sqft ∙ Built 2009
![property image]()
LEASED 05/29/19- Rent
- Rent Per SQFT
- $3,300
- $1.99
PROPERTY LISTING DETAILS
Irn Realty
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
MLS #: AR20200505
Last Updated: 01/02/2021
