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6522 Brayton Avenue Long Beach, CA 90805

3 Beds 2 Baths 1,462 sqft Built 1930

$605,000

List Price

$2,600

$2.4K - $2.9K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 20, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1930
  • Price/Sqft : $413.82
  • 5 Days on Market
  • MLS # : PW21056600
  • Updated Date : 03/19/2021 at 20:45
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,462 sqft
  • Baths : 2 full
Listing Agent

Realty Masters & Associates

Listing Agent's Description

Beautiful Spanish Style architecture home with 3 bed 2 bath complete with original hardwood floors throughout most of the home. Living room includes a beautiful gas, wood burning chimney! Cooking will be extra fun in this very spacious kitchen, with so much space to move around and even a butlers pantry to set up food for those fun family get togethers!! Enjoy family dinners in the separate and spacious dining room! Relax in your very own and very roomy Master bedroom, or sip on a glass of wine outside your own private patio, before calling it a night! Master bedroom has tiled floors throughout and lots of closet space. Enjoy BBQ's in this very large backyard or bundle up next to the fireplace during those cold fall and winter months! Come and envision the changes you will be making to create your perfect living space! Lots of room for the whole family! Minutes from the Fwy, eateries and grocery stores...

SEE MORE

MARKET HIGHLIGHTS

  • Southern California's economy is worth $1.58 trillion in Gross Metro Product and projected to grow to $1.67 trillion (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)
  • 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)
  • 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)
  • 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]
  • 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: 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
Grant Elementary School Primary Regular 1,101 39 5
Hamilton Middle School Middle Regular 922 32 5
Jordan High School High Regular 3,367 133 2

Grant Elementary School

  • Education Level: Primary
  • # of students: 1,101
  • # of teachers: 39
5
GreatSchools Rating

Hamilton Middle School

  • Education Level: Middle
  • # of students: 922
  • # of teachers: 32
5
GreatSchools Rating

Jordan High School

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

$544,500$665,500$605,000

PURCHASE PRICE

$2,340$2,860$2,600

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,600
EXPENSES Loan Payment -$2,101
Property Tax -$656
Property Insurance -$62
Property Management Fees -$127
CASH FLOW
-$347

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.

$605,000

PROJECTED PRICE

$2,600

PROJECTED RENT

0.43%

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

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$500k$1.0M$1.5M$2.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$166,075

INVESTMENT

$166,075

Down Payment
$151,250
Rehab Estimate
$5,750
Closing Costs
$9,075

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 55% down payment or higher enables the proceeds from the asset to cover all costs.

$2,101

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $151,250
Loan Amount $453,750
See What Happens When You Reinvest Cash Flow

3.33

YEARS SAVED

$16,667

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,600

    LIST RENT
  • $1.78

    LIST RENT PER SQFT
  • $2,584

    COMP ESTIMATED VALUE
  • $1.77

    COMP AVG. RENT PER SQFT
Comps Range
$2,395
1$2,3952$2,6003$2,6504$2,6955$2,800
$2,800
RENT COMPS ANALYSIS
  • 6522 Brayton Avenue Long Beach, CA 2
    • 3 beds 2 baths ∙ 1,462 Sqft ∙ Built 1930 3 beds 2 baths ∙ 1,462 Sqft ∙ Built 1930
    • Rent
    • Rent Per SQFT
    •  
    • $2,600
    • $1.78
    •  
  • 1431 E Artesia Boulevard Long Beach, CA 1
    • 3 beds 1 baths ∙ 1,649 Sqft ∙ Built 1931 3 beds 1 baths ∙ 1,649 Sqft ∙ Built 1931
    LEASED 07/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,395
    • $1.45
    •  
  • 5602 California Avenue Long Beach, CA 3
    • 3 beds 2 baths ∙ 1,600 Sqft ∙ Built 1938 3 beds 2 baths ∙ 1,600 Sqft ∙ Built 1938
    LEASED 06/13/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,650
    • $1.66
    •  
  • 6930 Butler Avenue Long Beach, CA 4
    • 3 beds 1 baths ∙ 1,299 Sqft ∙ Built 1950 3 beds 1 baths ∙ 1,299 Sqft ∙ Built 1950
    LEASED 02/26/21
    • Rent
    • Rent Per SQFT
    •  
    • $2,695
    • $2.07
    •  
  • 138 E Louise Street Long Beach, CA 5
    • 3 beds 2 baths ∙ 1,483 Sqft ∙ Built 1937 3 beds 2 baths ∙ 1,483 Sqft ∙ Built 1937
    LEASED 03/27/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,800
    • $1.89
    •  
PROPERTY LISTING DETAILS
Leticia Georgia
Realty Masters & Associates
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: PW21056600
Last Updated: 03/19/2021
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