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5231 Remstoy Drive Los Angeles, CA 90032

5 Beds 3 Baths 2,498 sqft Built 2008

$1,100,000

List Price

$3,980

$3.7K - $4.2K

Rent Est.

PROPERTY INFO

FACTS
  • Single Family
  • Built In 2008
  • Price/Sqft : $440.35
  • 63 Days on Market
  • MLS # : WS20240635
  • Updated Date : 01/16/2021 at 08:20
CONSTRUCTION
  • Beds : 5
  • Floor Size : 2,498 sqft
  • Baths : 3 full
Listing Agent

Your Home Sold Guaranteed Rlty

Listing Agent's Description

Enjoy the Spectacular city view in your splendid living room with the splendid extra high ceiling! The view from the master bedroom balcony is also breathtaking. The easy maintenance side and backyard is great to relax or entertain guests. This awesome 2008 custom-built single family home is conveniently located next to South Pasadena and yet just minutes drive from downtown Los Angeles. Hardwood floors and recessed lighting throughout most of the house. A fireplace, a gourmet chef’s kitchen featuring stainless-steel appliances, granite countertops and tile floors are some of the wonderful features of this bright, airy house. There is a secondary lounge great for family entertainment. The master suite has its own private balcony with panoramic views, a large master bath featuring a double sink vanity with granite counters and Tuscany beige travertine tiles. Located in a quiet neighborhood, it is easily accessible to supermarkets, restaurants, award winning schools, and parks. Title shows 4 bedrooms and one office/den may be used as the fifth bedroom. Title shows 2272 sqft, per owner the laundry area next to the garage is an additional living area unaccounted for. All information deemed reliable but not guaranteed.

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MARKET HIGHLIGHTS

  • 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)
  • 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)

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
Sierra Vista Elementary School Primary Regular 258 12 7
Sierra Vista Elementary School Middle Regular 258 12 7
Abraham Lincoln Senior High School High Regular 1,219 54 5

Sierra Vista Elementary School

  • Education Level: Primary
  • # of students: 258
  • # of teachers: 12
7
GreatSchools Rating

Sierra Vista Elementary School

  • Education Level: Middle
  • # of students: 258
  • # of teachers: 12
7
GreatSchools Rating

Abraham Lincoln Senior High School

  • Education Level: High
  • # of students: 1,219
  • # of teachers: 54
5
GreatSchools Rating
 

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

PURCHASE PRICE

$3,582$4,378$3,980

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,980
EXPENSES Loan Payment -$3,821
Property Tax -$1,143
Property Insurance -$87
Property Management Fees -$195
CASH FLOW
-$1,265

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.

$1,100,000

PROJECTED PRICE

$3,980

PROJECTED RENT

0.36%

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$3.0M$3.5M$4.0M

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$4.0M

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

0.75

YEARS SAVED

$3,435

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,980

    LIST RENT
  • $1.59

    LIST RENT PER SQFT
  • $4,197

    COMP ESTIMATED VALUE
  • $1.68

    COMP AVG. RENT PER SQFT
Comps Range
$3,980
1$3,9802$4,000
$4,000
RENT COMPS ANALYSIS
  • 5231 Remstoy Drive Los Angeles, CA 1
    • 5 beds 3 baths ∙ 2,498 Sqft ∙ Built 2008 5 beds 3 baths ∙ 2,498 Sqft ∙ Built 2008
    • Rent
    • Rent Per SQFT
    •  
    • $3,980
    • $1.59
    •  
  • 33 Elm Street Alhambra, CA 2
    • 4 beds 4 baths ∙ 2,378 Sqft ∙ Built 2009 4 beds 4 baths ∙ 2,378 Sqft ∙ Built 2009
    LEASED 08/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $4,000
    • $1.68
    •  
PROPERTY LISTING DETAILS
Ray Chen
Your Home Sold Guaranteed Rlty
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: WS20240635
Last Updated: 01/16/2021
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