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548 Glenwood Road Glendale, CA 91202

3 Beds 2 Baths 2,262 sqft Built 1922

$1,195,000

List Price

$4,700

$4.5K - $5K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
July 12, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1922
  • Price/Sqft : $528.29
  • 2 Days on Market
  • MLS # : 320006823
  • Updated Date : 07/12/2021 at 11:49
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,262 sqft
  • Baths : 1 full , 1 half
Listing Agent

Dilbeck Real Estate

Listing Agent's Description

Charming and upgraded two-story traditional home, north of Glenoaks. Features 2 kitchens and 2 separate entrances. Total of 3 bedrooms (tax assessor 4 bedrooms) and 2.5 Baths. Front house has been separated from the back of the house. Through the front door, enter into a one level bright and spacious living room & dining room, one bed, 3/4 bath. Bright & spacious kitchen with lots of cabinets and wall heater. Two story back house with special features, including new waterproof modern laminate floor, recessed lighting throughout, FA/AC, and copper pipes throughout. First floor includes a spacious bright living room, dining room, & a half bath. The living room leads to an oversized porch and nice backyard. The laundry room includes a washer and dryer. A/C system and water heater services both the front and back houses. Long RV driveway leads to a 2-car garage and office (great size for an ADU). This house is walking distance from school and shopping. Don't miss this opportunity!

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MARKET HIGHLIGHTS

  • As part of Southern California area, Los Angeles market inherits all the benefits from the area.
  • Southern California's economy is worth $1.58 trillion in Gross Metro Product and projected to grow to $1.67 trillion (USMayors.org, 2018)
  • 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 has 58.7% labor force participation rate; within this area, Los Angeles metro has 62.3% labor force participation rate (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)
  • 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: Glenwood

NeighborhoodNIR Market*CityMarket2010Year20002019200k300k400k500k600k700k800k900k1000kPrice in $199k1022k

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

Neighborhood: Glenwood

NeighborhoodNIR Market*CityMarket2010Year2000 Q42019 Q218002000220024002600280030003200340036003800Rent in $17843979

* 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
Eleanor J. Toll Middle School Middle Regular 1,156 44 7
Herbert Hoover Senior High School High Regular 1,719 70 7

Eleanor J. Toll Middle School

  • Education Level: Middle
  • # of students: 1,156
  • # of teachers: 44
7
GreatSchools Rating

Herbert Hoover Senior High School

  • Education Level: High
  • # of students: 1,719
  • # of teachers: 70
7
GreatSchools Rating
 

$1,075,500$1,314,500$1,195,000

PURCHASE PRICE

$4,230$5,170$4,700

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $4,700
EXPENSES Loan Payment -$4,151
Property Tax -$1,149
Property Insurance -$82
Property Management Fees -$230
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.

$1,195,000

PROJECTED PRICE

$4,700

PROJECTED RENT

0.39%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.56%
Appreciation Year (1-5) 9.2%
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$3.0M$3.5M$4.0M

PROJECTED ANNUAL CASH FLOW

11530-$20k-$10k$0.0$10k$20k$30k

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$322,425

INVESTMENT

$322,425

Down Payment
$298,750
Rehab Estimate
$5,750
Closing Costs
$17,925

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 60% down payment or higher enables the proceeds from the asset to cover all costs.

$4,151

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $298,750
Loan Amount $896,250
See What Happens When You Reinvest Cash Flow

2.33

YEARS SAVED

$20,825

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $4,700

    LIST RENT
  • $2.08

    LIST RENT PER SQFT
  • $4,833

    COMP ESTIMATED VALUE
  • $2.14

    COMP AVG. RENT PER SQFT
Comps Range
$4,295
1$4,2952$4,7003$4,8504$4,950
$4,950
RENT COMPS ANALYSIS
  • 548 Glenwood Road Glendale, CA 2
    • 3 beds 2 baths ∙ 2,262 Sqft ∙ Built 1922 3 beds 2 baths ∙ 2,262 Sqft ∙ Built 1922
    • Rent
    • Rent Per SQFT
    •  
    • $4,700
    • $2.08
    •  
  • 1254 Idlewood Road Glendale, CA 1
    • 3 beds 3 baths ∙ 2,033 Sqft ∙ Built 1938 3 beds 3 baths ∙ 2,033 Sqft ∙ Built 1938
    LEASED 08/29/20
    • Rent
    • Rent Per SQFT
    •  
    • $4,295
    • $2.11
    •  
  • 1407 5th Street Glendale, CA 3
    • 3 beds 3 baths ∙ 2,162 Sqft ∙ Built 1928 3 beds 3 baths ∙ 2,162 Sqft ∙ Built 1928
    LEASED 07/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $4,850
    • $2.24
    •  
  • 1635 Grandview Avenue Glendale, CA 4
    • 4 beds 3 baths ∙ 2,400 Sqft ∙ Built 1940 4 beds 3 baths ∙ 2,400 Sqft ∙ Built 1940
    LEASED 04/06/20
    • Rent
    • Rent Per SQFT
    •  
    • $4,950
    • $2.06
    •  
PROPERTY LISTING DETAILS
Zartik Garabedian
Dilbeck Real Estate
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: 320006823
Last Updated: 07/12/2021
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