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530 Bonita Street San Pedro, CA 90731

3 Beds 1 Baths 948 sqft Built 1958

$510,000

List Price

$2,450

$2.2K - $2.7K

Rent Est.

PROPERTY INFO

November 23, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1958
  • Price/Sqft : $537.97
  • 8 Days on Market
  • MLS # : OC20245102
  • Updated Date : 11/23/2020 at 12:29
CONSTRUCTION
  • Beds : 3
  • Floor Size : 948 sqft
  • Baths : 1 full
Listing Agent

Christine Donovan, Broker

Listing Agent's Description

Single story home with large backyard features so much natural light.This home feature granite counter tops and an upgraded bathroom. Large eat in kitchen with room for a dining table Low maintenance landscaping. The large yard offers so much opportunity for enjoying wonderful Southern California weather. Plenty of parking in long driveway and parking area below. Close to freeways.

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • 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]

PRICE & RENT TRENDS

Neighborhood: Central San Pedro

NeighborhoodNIR Market*CityMarket2010Year20002019200k250k300k350k400k450k500k550k600k650kPrice in $153k700k

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

Neighborhood: Central San Pedro

NeighborhoodNIR Market*CityMarket2010Year2000 Q42019 Q2140016001800200022002400260028003000Rent in $13083174

* 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
Barton Hill Elementary School Primary Regular 699 30 2
Barton Hill Elementary School Middle Regular 699 30 2
San Pedro Senior High School High Regular 2,668 104 6

Barton Hill Elementary School

  • Education Level: Primary
  • # of students: 699
  • # of teachers: 30
2
GreatSchools Rating

Barton Hill Elementary School

  • Education Level: Middle
  • # of students: 699
  • # of teachers: 30
2
GreatSchools Rating

San Pedro Senior High School

  • Education Level: High
  • # of students: 2,668
  • # of teachers: 104
6
GreatSchools Rating
 

$459,000$561,000$510,000

PURCHASE PRICE

$2,205$2,695$2,450

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,450
EXPENSES Loan Payment -$1,882
Property Tax -$527
Property Insurance -$50
Property Management Fees -$120
CASH FLOW
-$129

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.

$510,000

PROJECTED PRICE

$2,450

PROJECTED RENT

0.48%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.35%
Appreciation Year (1-5) 7.5%
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$200k$400k$600k$800k$1.0M$1.2M$1.4M$1.6M$1.8M

PROJECTED ANNUAL CASH FLOW

11530-$5.0k$0.0$5.0k$10k$15k$20k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M$1.6M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$140,900

INVESTMENT

$140,900

Down Payment
$127,500
Rehab Estimate
$5,750
Closing Costs
$7,650

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 50% down payment or higher enables the proceeds from the asset to cover all costs.

$1,882

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $127,500
Loan Amount $382,500
See What Happens When You Reinvest Cash Flow

5.33

YEARS SAVED

$34,500

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,450

    LIST RENT
  • $2.58

    LIST RENT PER SQFT
  • $2,448

    COMP ESTIMATED VALUE
  • $2.58

    COMP AVG. RENT PER SQFT
Comps Range
$2,450
1$2,4502$2,8003$2,9004$3,1005$3,500
$3,500
RENT COMPS ANALYSIS
  • 530 Bonita Street San Pedro, CA 1
    • 3 beds 1 baths ∙ 948 Sqft ∙ Built 1958 3 beds 1 baths ∙ 948 Sqft ∙ Built 1958
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,450
    • $2.58
    •  
  • 527 Bynner Drive San Pedro, CA 2
    • 3 beds 2 baths ∙ 1,180 Sqft ∙ Built 1954 3 beds 2 baths ∙ 1,180 Sqft ∙ Built 1954
    property image
    LEASED 12/15/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,800
    • $2.37
    •  
  • 1980 Homeworth Drive Rancho Palos Verdes, CA 3
    • 3 beds 1 baths ∙ 1,054 Sqft ∙ Built 1950 3 beds 1 baths ∙ 1,054 Sqft ∙ Built 1950
    property image
    LEASED 01/08/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,900
    • $2.75
    •  
  • 1902 Caddington Drive Rancho Palos Verdes, CA 4
    • 3 beds 1 baths ∙ 1,248 Sqft ∙ Built 1955 3 beds 1 baths ∙ 1,248 Sqft ∙ Built 1955
    property image
    LEASED 10/27/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,100
    • $2.48
    •  
  • 28826 Gunter Road Rancho Palos Verdes, CA 5
    • 3 beds 2 baths ∙ 1,281 Sqft ∙ Built 1955 3 beds 2 baths ∙ 1,281 Sqft ∙ Built 1955
    property image
    LEASED 06/29/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,500
    • $2.73
    •  
PROPERTY LISTING DETAILS
Christine Donovan
Christine Donovan, Broker
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: OC20245102
Last Updated: 11/23/2020
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