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547 Eaton Drive Pasadena, CA 91107

3 Beds 1 Baths 1,424 sqft Built 1951

$878,000

List Price

$3,210

$3K - $3.5K

Rent Est.

PROPERTY INFO

FACTS
  • Single Family
  • Built In 1951
  • Price/Sqft : $616.57
  • 13 Days on Market
  • MLS # : P1-2718
  • Updated Date : 01/07/2021 at 16:13
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,424 sqft
  • Baths : 1 full
Listing Agent

Berkshire Hathaway Homeservices California Properties

Listing Agent's Description

Nestled on the corner of a tree-lined street in Pasadena's desirable Daisy-Villa neighborhood is this charming & well-maintained home. With beautiful landscaped colors on both sides of the entry, one is welcomed to the gleaming wood floors of an open & airy living room. Classy wainscoting & an artful chandelier accent a dining area in the south end of this great room. The spacious modern kitchen showcases slate tile floors, stainless steel appliances & ceiling to floor cabinetry, with built-in conveniences. Adjacent to the kitchen is a laundry room surrounded by abundant storage & a deep wash basin. Following the laundry room is a 3/4 bath highlighted by a pedestal sink and a large & tall, step-in shower stall. The front bedroom has plantation shutters opening towards the picturesque front yard. The centrally located full bathroom fashioned with two freestanding pedestal sinks, a shower over tub & well-organized placements of cabinets and shelving. The principle bedroom has an inviting view of the backyard, & a private corner of built-in shelves. The versatile 3rd bedroom/convertible den has built-in bookshelves and access to the backyard. The patio with views of mature trees & rosemary bushes, amongst colorful flowerbeds; built-in benches around a fire pit and BBQ are all part of the backyard. Other noteworthy highlights include a security system, double paned windows, a NEST thermostat system, & a new garage door, all excitedly awaits for its new owners to call home!

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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: Daisy-Villa

NeighborhoodNIR Market*CityMarket2010Year20002019200k250k300k350k400k450k500k550k600k650k700k750k800k850k900kPrice in $199k906k

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

Neighborhood: Daisy-Villa

NeighborhoodNIR Market*CityMarket2010Year2000 Q42019 Q21800200022002400260028003000320034003600Rent in $17843697

* 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
Norma Coombs Elementary School Primary Regular 440 18 5
Woodrow Wilson Middle School Middle Regular 570 27 4
Pasadena High School High Regular 1,903 84 6

Norma Coombs Elementary School

  • Education Level: Primary
  • # of students: 440
  • # of teachers: 18
5
GreatSchools Rating

Woodrow Wilson Middle School

  • Education Level: Middle
  • # of students: 570
  • # of teachers: 27
4
GreatSchools Rating

Pasadena High School

  • Education Level: High
  • # of students: 1,903
  • # of teachers: 84
6
GreatSchools Rating
 

$790,200$965,800$878,000

PURCHASE PRICE

$2,889$3,531$3,210

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,210
EXPENSES Loan Payment -$3,050
Property Tax -$853
Property Insurance -$62
Property Management Fees -$157
CASH FLOW
-$912

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.

$878,000

PROJECTED PRICE

$3,210

PROJECTED RENT

0.37%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.56%
Appreciation Year (1-5) 8.4%
Maintenance Year (1-5) 8.00%
Vacancy 5.05%
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

PROJECTED ANNUAL CASH FLOW

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$500k$1.0M$1.5M$2.0M$2.5M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$238,420

INVESTMENT

$238,420

Down Payment
$219,500
Rehab Estimate
$5,750
Closing Costs
$13,170

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$3,050

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $219,500
Loan Amount $658,500
See What Happens When You Reinvest Cash Flow

1.25

YEARS SAVED

$5,058

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,210

    LIST RENT
  • $2.25

    LIST RENT PER SQFT
  • $2,930

    COMP ESTIMATED VALUE
  • $2.06

    COMP AVG. RENT PER SQFT
Comps Range
$2,800
1$2,8002$2,9503$3,0004$3,2105$3,350
$3,350
RENT COMPS ANALYSIS
  • 547 Eaton Drive Pasadena, CA 4
    • 3 beds 1 baths ∙ 1,424 Sqft ∙ Built 1951 3 beds 1 baths ∙ 1,424 Sqft ∙ Built 1951
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $3,210
    • $2.25
    •  
  • 2459 Loma Vista Street Pasadena, CA 1
    • 3 beds 3 baths ∙ 1,364 Sqft ∙ Built 1965 3 beds 3 baths ∙ 1,364 Sqft ∙ Built 1965
    property image
    LEASED 07/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,800
    • $2.05
    •  
  • 2864 Paloma Street Pasadena, CA 2
    • 3 beds 2 baths ∙ 1,563 Sqft ∙ Built 1948 3 beds 2 baths ∙ 1,563 Sqft ∙ Built 1948
    property image
    LEASED 11/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,950
    • $1.89
    •  
  • 209 El Nido Avenue Pasadena, CA 3
    • 3 beds 2 baths ∙ 1,454 Sqft ∙ Built 1947 3 beds 2 baths ∙ 1,454 Sqft ∙ Built 1947
    property image
    LEASED 10/07/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,000
    • $2.06
    •  
  • 2882 E Sierra Madre Boulevard Pasadena, CA 5
    • 3 beds 2 baths ∙ 1,504 Sqft ∙ Built 1946 3 beds 2 baths ∙ 1,504 Sqft ∙ Built 1946
    property image
    LEASED 08/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,350
    • $2.23
    •  
PROPERTY LISTING DETAILS
Janice Lee
Berkshire Hathaway Homeservices California Properties
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: P1-2718
Last Updated: 01/07/2021
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