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7826 E Tibana Street Long Beach, CA 90808

4 Beds 3 Baths 2,314 sqft Built 1963

$899,900

List Price

$3,280

$3K - $3.5K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 13, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1963
  • Price/Sqft : $388.89
  • 3 Days on Market
  • MLS # : PW21052637
  • Updated Date : 03/12/2021 at 16:36
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,314 sqft
  • Baths : 3 full
Listing Agent

Sundae Homes

Listing Agent's Description

INVESTOR SPECIAL!! Looking to customize the house of dreams? Well, here’s your chance! This 2 story, 4 bedroom 3 bathroom home needs a little love but has so much potential. This home features a large living room with a brick fireplace. The dining room and kitchen overlook the awesome backyard complete with a pergola and a large swimming pool. This home includes a 2 car garage, a large front lawn, sizable bedrooms, and much more! As-is, the home still has great curb appeal and sits on a quiet residential street. Check it out today - this home won't be available long!

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MARKET HIGHLIGHTS

  • Southern California area contributes to 55.3% of California state economy i.e. Gross State Product (USMayors.org, 2018)
  • As part of Southern California area, Los Angeles market inherits all the benefits from the area.
  • 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]
  • 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)
  • 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)

PRICE & RENT TRENDS

Neighborhood: El Dorado Park Estates

NeighborhoodNIR Market*CityMarket2010Year20002019200k250k300k350k400k450k500k550k600k650k700k750k800k850kPrice in $186k856k

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

Neighborhood: El Dorado Park Estates

NeighborhoodNIR Market*CityMarket2010Year2000 Q42019 Q216001800200022002400260028003000320034003600Rent in $14493697

* 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
Millikan High School High Magnet 3,753 145 7

Millikan High School

  • Education Level: High
  • # of students: 3,753
  • # of teachers: 145
7
GreatSchools Rating
 

$809,910$989,890$899,900

PURCHASE PRICE

$2,952$3,608$3,280

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,280
EXPENSES Loan Payment -$3,126
Property Tax -$947
Property Insurance -$83
Property Management Fees -$161
CASH FLOW
-$1,036

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.

$899,900

PROJECTED PRICE

$3,280

PROJECTED RENT

0.36%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.56%
Appreciation Year (1-5) 5.4%
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-$20k-$15k-$10k-$5.0k$0.0$5.0k$10k$15k

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$244,224

INVESTMENT

$244,224

Down Payment
$224,975
Rehab Estimate
$5,750
Closing Costs
$13,499

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$3,126

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $224,975
Loan Amount $674,925
See What Happens When You Reinvest Cash Flow

0.67

YEARS SAVED

$2,392

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,280

    LIST RENT
  • $1.42

    LIST RENT PER SQFT
  • $3,274

    COMP ESTIMATED VALUE
  • $1.42

    COMP AVG. RENT PER SQFT
Comps Range
$3,250
1$3,2502$3,2803$3,5004$3,8005$3,800
$3,800
RENT COMPS ANALYSIS
  • 7826 E Tibana Street Long Beach, CA 2
    • 4 beds 3 baths ∙ 2,314 Sqft ∙ Built 1963 4 beds 3 baths ∙ 2,314 Sqft ∙ Built 1963
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $3,280
    • $1.42
    •  
  • 4911 Lemon Avenue Cypress, CA 1
    • 3 beds 2 baths ∙ 2,412 Sqft ∙ Built 1965 3 beds 2 baths ∙ 2,412 Sqft ∙ Built 1965
    property image
    LEASED 04/27/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,250
    • $1.35
    •  
  • 9365 Cambridge Street Cypress, CA 3
    • 4 beds 3 baths ∙ 2,630 Sqft ∙ Built 1967 4 beds 3 baths ∙ 2,630 Sqft ∙ Built 1967
    property image
    LEASED 10/31/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,500
    • $1.33
    •  
  • 4443 Via Linda Cypress, CA 4
    • 4 beds 3 baths ∙ 2,600 Sqft ∙ Built 1968 4 beds 3 baths ∙ 2,600 Sqft ∙ Built 1968
    property image
    LEASED 08/18/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,800
    • $1.46
    •  
  • 4194 Dorset Drive Cypress, CA 5
    • 4 beds 3 baths ∙ 2,494 Sqft ∙ Built 1966 4 beds 3 baths ∙ 2,494 Sqft ∙ Built 1966
    property image
    LEASED 04/26/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,800
    • $1.52
    •  
PROPERTY LISTING DETAILS
Ben Ryan
Sundae Homes
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: PW21052637
Last Updated: 03/12/2021
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