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5969 Brayton Long Beach, CA 90805

3 Beds 1 Baths 1,693 sqft Built 1959

$630,000

List Price

$2,930

$2.7K - $3.2K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 04, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1959
  • Price/Sqft : $372.12
  • 5 Days on Market
  • MLS # : PW21044810
  • Updated Date : 03/04/2021 at 13:53
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,693 sqft
  • Baths : 1 full
Listing Agent

Keller Williams Coastal Prop.

Listing Agent's Description

Looking for a home that offers room to grow and was just made for entertaining? Then welcome to this stunning family home. As you step into the entryway where light streams in,  the newer engineered hardwood flooring is found throughout the home and adds richness. The living room with a picture frame ceiling opens up with sliding glass doors leading out to an expansive covered patio. The kitchen has been beautifully remodeled with tile flooring, custom white cabinets, quartz countertops, tile backsplash, a stainless-steel double oven, and appliances. A breakfast bar overlooks a formal dining room with an open beam ceiling, a corner fireplace, a built-in china cabinet, and another sliding glass door giving access to the patio, all of which adds to the coziness of this home. Just off the kitchen are an inside laundry area and an updated bathroom with a pedestal sink and a step-in shower. The private living quarters include a centrally located hall with tons of linen storage and a spacious bath with double sink vanity and a shower-tub combo. Of the three bedrooms which are all large enough to accommodate king-size furniture, the primary bedroom has a wall-to-wall customized closet. Additional amenities include newer heat and central A/C, dual pane windows, and a whole house fan. The best part of this home is an over-sized garage that any car fanatic will absolutely love!

SEE MORE

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)
  • 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]
  • 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)
  • Southern California's economy is worth $1.58 trillion in Gross Metro Product and projected to grow to $1.67 trillion (USMayors.org, 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 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: Grant

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450k500k550k600kPrice in $143k622k

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

Neighborhood: Grant

NeighborhoodNIR Market*CityMarket2010Year2000 Q42019 Q2120014001600180020002200240026002800Rent in $11202941

* 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
Harte Elementary School Primary Regular 932 33 5
Lindbergh Stem Academy Middle Regular 603 25 4
Jordan High School High Regular 3,367 133 2

Harte Elementary School

  • Education Level: Primary
  • # of students: 932
  • # of teachers: 33
5
GreatSchools Rating

Lindbergh Stem Academy

  • Education Level: Middle
  • # of students: 603
  • # of teachers: 25
4
GreatSchools Rating

Jordan High School

  • Education Level: High
  • # of students: 3,367
  • # of teachers: 133
2
GreatSchools Rating
 

$567,000$693,000$630,000

PURCHASE PRICE

$2,637$3,223$2,930

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,930
EXPENSES Loan Payment -$2,188
Property Tax -$683
Property Insurance -$68
Property Management Fees -$144
CASH FLOW
-$152

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.

$630,000

PROJECTED PRICE

$2,930

PROJECTED RENT

0.47%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.35%
Appreciation Year (1-5) 11.6%
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

PROJECTED ANNUAL CASH FLOW

11530-$5.0k$0.0$5.0k$10k$15k$20k$25k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$172,700

INVESTMENT

$172,700

Down Payment
$157,500
Rehab Estimate
$5,750
Closing Costs
$9,450

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,188

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $157,500
Loan Amount $472,500
See What Happens When You Reinvest Cash Flow

5.17

YEARS SAVED

$34,268

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,930

    LIST RENT
  • $1.73

    LIST RENT PER SQFT
  • $3,221

    COMP ESTIMATED VALUE
  • $1.9

    COMP AVG. RENT PER SQFT
Comps Range
$2,930
1$2,9302$2,9503$3,2004$3,2005$3,285
$3,285
RENT COMPS ANALYSIS
  • 5969 Brayton Long Beach, CA 1
    • 3 beds 1 baths ∙ 1,693 Sqft ∙ Built 1959 3 beds 1 baths ∙ 1,693 Sqft ∙ Built 1959
    • Rent
    • Rent Per SQFT
    •  
    • $2,930
    • $1.73
    •  
  • 4743 Boyar Avenue Long Beach, CA 2
    • 3 beds 2 baths ∙ 1,496 Sqft ∙ Built 1942 3 beds 2 baths ∙ 1,496 Sqft ∙ Built 1942
    LEASED 10/08/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,950
    • $1.97
    •  
  • 5202 Minturn Avenue Lakewood, CA 3
    • 3 beds 2 baths ∙ 1,813 Sqft ∙ Built 1952 3 beds 2 baths ∙ 1,813 Sqft ∙ Built 1952
    LEASED 11/17/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,200
    • $1.77
    •  
  • 2516 Dollar Street Lakewood, CA 4
    • 4 beds 2 baths ∙ 1,744 Sqft ∙ Built 1955 4 beds 2 baths ∙ 1,744 Sqft ∙ Built 1955
    LEASED 10/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,200
    • $1.83
    •  
  • 2412 Dollar Street Lakewood, CA 5
    • 4 beds 1 baths ∙ 1,609 Sqft ∙ Built 1955 4 beds 1 baths ∙ 1,609 Sqft ∙ Built 1955
    LEASED 01/15/21
    • Rent
    • Rent Per SQFT
    •  
    • $3,285
    • $2.04
    •  
PROPERTY LISTING DETAILS
Allison Van Wig
Keller Williams Coastal Prop.
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: PW21044810
Last Updated: 03/04/2021
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