Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more

1050 E Fondale Street Azusa, CA 91702

4 Beds 2 Baths 1,780 sqft Built 1955

$698,000

List Price

$2,840

$2.6K - $3.1K

Rent Est.

PROPERTY INFO

October 30, 2020 RECENTLY ADDED
FACTS
  • Built In 1955
  • Price/Sqft : $392.13
  • 8 Days on Market
  • MLS # : PW20227316
  • Updated Date : 10/27/2020 at 21:33
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,780 sqft
  • Baths : 2 full
Listing Agent

Stonehouse Realty

MARKET HIGHLIGHTS

  • 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)
  • 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: Azusa

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450k500k550k600kPrice in $150k622k

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

Neighborhood: Azusa

NeighborhoodNIR Market*CityMarket2010Year2000 Q42019 Q214001600180020002200240026002800Rent in $13812941

* 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
Magnolia Elementary School Primary Regular 297 12 5
Foothill Middle School Middle Regular 589 29 3
Azusa High School High Regular 1,393 65 5

Magnolia Elementary School

  • Education Level: Primary
  • # of students: 297
  • # of teachers: 12
5
GreatSchools Rating

Foothill Middle School

  • Education Level: Middle
  • # of students: 589
  • # of teachers: 29
3
GreatSchools Rating

Azusa High School

  • Education Level: High
  • # of students: 1,393
  • # of teachers: 65
5
GreatSchools Rating
 

$628,200$767,800$698,000

PURCHASE PRICE

$2,556$3,124$2,840

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,840
EXPENSES Loan Payment -$2,575
Property Tax -$730
Property Insurance -$70
Property Management Fees -$139
CASH FLOW
-$675

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.

$698,000

PROJECTED PRICE

$2,840

PROJECTED RENT

0.41%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.35%
Appreciation Year (1-5) 7.6%
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-$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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$190,720

INVESTMENT

$190,720

Down Payment
$174,500
Rehab Estimate
$5,750
Closing Costs
$10,470

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,575

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $174,500
Loan Amount $523,500
See What Happens When You Reinvest Cash Flow

1.67

YEARS SAVED

$8,604

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,840

    LIST RENT
  • $1.6

    LIST RENT PER SQFT
  • $2,950

    COMP ESTIMATED VALUE
  • $1.66

    COMP AVG. RENT PER SQFT
Comps Range
$2,600
1$2,6002$2,6203$2,7804$2,8405$2,850
$2,850
RENT COMPS ANALYSIS
  • 1050 E Fondale Street Azusa, CA 4
    • 4 beds 2 baths ∙ 1,780 Sqft ∙ Built 1955 4 beds 2 baths ∙ 1,780 Sqft ∙ Built 1955
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,840
    • $1.60
    •  
  • 931 E Hollyvale Street Azusa, CA 1
    • 4 beds 2 baths ∙ 1,599 Sqft ∙ Built 1955 4 beds 2 baths ∙ 1,599 Sqft ∙ Built 1955
    property image
    LEASED 02/25/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,600
    • $1.63
    •  
  • 709 S Washington Avenue Glendora, CA 2
    • 5 beds 2 baths ∙ 1,661 Sqft ∙ Built 1954 5 beds 2 baths ∙ 1,661 Sqft ∙ Built 1954
    property image
    LEASED 11/14/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,620
    • $1.58
    •  
  • 816 Bridwell Street Glendora, CA 3
    • 4 beds 1 baths ∙ 1,750 Sqft ∙ Built 1953 4 beds 1 baths ∙ 1,750 Sqft ∙ Built 1953
    property image
    LEASED 09/25/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,780
    • $1.59
    •  
  • 1043 E Ghent Street Azusa, CA 5
    • 4 beds 2 baths ∙ 1,558 Sqft ∙ Built 1955 4 beds 2 baths ∙ 1,558 Sqft ∙ Built 1955
    property image
    LEASED 11/09/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,850
    • $1.83
    •  
PROPERTY LISTING DETAILS
Jamaysa Williams
Stonehouse Realty
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: PW20227316
Last Updated: 10/27/2020
BESbswy