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PROPERTY INFO
FACTS
- Single Family
- Built In 1980
- Price/Sqft : $410.45
- 7 Days on Market
- MLS # : P1-2321
- Updated Date : 11/17/2020 at 16:29
CONSTRUCTION
- Beds : 3
- Floor Size : 1,703 sqft
- Baths : 2 full , 1 half
Listing Agent
Teamprovident, Inc.
Listing Agent's Description
Secluded in a Mediterranean-themed hilltop village, this refined 3BR 2 1/2BA end unit townhouse in elite Fremont Villas offers the ultimate in privacy and serenity. This lovely unit offers a traditional layout with a back yard. A formal entry greets guests on the ground floor. The oversize living room opens to a large balcony and features expansive views. A wonderful, formal dining room opens to the private backyard. The beautifully remodeled kitchen opens to the backyard as well. Upstairs, you'll find an indulgent master suite with a cavernous walk-in closet and its own spa-style bathroom with separate dressing area, as well as two spacious secondary bedrooms and a secondary bathroom. A large bonus area behind the oversize two-car garage offers voluminous storage. HOA amenities include a shimmering pool, spa, and a sun deck. This peaceful, secluded location is just minutes from Downtown L.A., the USC Health /Sciences Campus, and Old Town Pasadena. Video Tour: https://vimeo.com/480067591/44a941b5f8 3D Tour: https://my.matterport.com/show/?m=7NodgpyK99V&mls=1
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MARKET HIGHLIGHTS
- 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]
- 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)
PRICE & RENT TRENDS
Neighborhood: Monterey Hills
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Monterey Hills
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $3,480 |
| EXPENSES | Loan Payment | -$2,579 |
| Property Tax | -$713 | |
| Property Insurance | -$68 | |
| HOA | -$538 | |
| Property Management Fees | -$171 | |
|
CASH FLOW
-$589
|
||
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.
$699,000
PROJECTED PRICE
$3,480
PROJECTED RENT
0.50%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 4.48% |
| Appreciation Year (1-5) | 12.7% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 4.69% |
| Length of Stay Years | 2 |
PROJECTED ACCUMULATED WEALTH
30 YEAR PROJECTION
- Cash Flow
- Appreciation
- Principal
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$190,985
LOAN DETAILS
$2,579
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $174,750 |
| Loan Amount | $524,250 |
2
YEARS SAVED
$10,805
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$3,480
LIST RENT -
$2.04
LIST RENT PER SQFT
-
$3,657
COMP ESTIMATED VALUE -
$2.15
COMP AVG. RENT PER SQFT
Comps Range
-
722 Fremont Villas Los Angeles, CA 3
- 3 beds 3 baths ∙ 1,703 Sqft ∙ Built 1980 3 beds 3 baths ∙ 1,703 Sqft ∙ Built 1980
![property image]()
- Rent
- Rent Per SQFT
- $3,480
- $2.04
-
4041 Via Marisol Los Angeles, CA 1
- 3 beds 2 baths ∙ 1,500 Sqft ∙ Built 1982 3 beds 2 baths ∙ 1,500 Sqft ∙ Built 1982
![property image]()
LEASED 10/06/20- Rent
- Rent Per SQFT
- $2,900
- $1.93
-
4225 Via Arbolada Los Angeles, CA 2
- 3 beds 2 baths ∙ 1,466 Sqft ∙ Built 1983 3 beds 2 baths ∙ 1,466 Sqft ∙ Built 1983
![property image]()
LEASED 05/29/19- Rent
- Rent Per SQFT
- $3,000
- $2.05
-
220 Camino Del Sol South Pasadena, CA 4
- 3 beds 3 baths ∙ 1,896 Sqft ∙ Built 1965 3 beds 3 baths ∙ 1,896 Sqft ∙ Built 1965
![property image]()
LEASED 06/19/20- Rent
- Rent Per SQFT
- $4,500
- $2.37
-
213 Los Laureles Street South Pasadena, CA 5
- 3 beds 2 baths ∙ 2,050 Sqft ∙ Built 1966 3 beds 2 baths ∙ 2,050 Sqft ∙ Built 1966
![property image]()
LEASED 06/29/20- Rent
- Rent Per SQFT
- $4,600
- $2.24
PROPERTY LISTING DETAILS
Teamprovident, Inc.
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
MLS #: P1-2321
Last Updated: 11/17/2020
