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1131 S Donna Beth Avenue West Covina, CA 91791

4 Beds 2 Baths 1,640 sqft Built 1962

$825,000

List Price

$2,660

$2.4K - $2.9K

Rent Est.

PROPERTY INFO

January 13, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1962
  • Price/Sqft : $503.05
  • 6 Days on Market
  • MLS # : CV21007134
  • Updated Date : 01/13/2021 at 10:07
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,640 sqft
  • Baths : 2 full
Listing Agent

Re/max Masters Realty

Listing Agent's Description

*****Beautiful Single Story CALIFORNIA RANCH STYLE HOME***** Located In One Of West Covina's Most Highly Desirable Neighborhood********. Pride Of Ownership Is Apparent As You Drive Up to This Corner Home. Fall In Love With This Quality 4 Bedroom 2 Bathrooms ,Master Has Private Bathroom And His And Her Double Mirror Doors. New, Just Installed Solid Oak Wood Floors, Beautiful Double Hung Dual Pane Anderson Windows, Enjoy 2 Anderson French Sliding Glass Patio Doors As You Enter The Backyard. Gas Fireplace In Livingroom, Custom Plantation Shutters Throughout The Home. Tile Floors In Kitchen and in The Bathrooms. The Kitchen Has Custom Pull Out Cabinet Organizers, Built In Oven, Cooktop and Microwave. Indoor Roomy Laundry Area With Washer And Dryer and Utility Sink. Ceiling Fans In All Roomy Bedrooms and Kitchen. Lot Is .33 Of An Acre. With Well Gated Pool, Bricked Back Patio For Summer Nights, Nice Breeze Way With Detached Two Car Garage And Room For An R.V. Plenty Parking Space. Manicured Landscaping In Front And Back Yard. Central Air and Heat With Automatic House Attic Fan For Hot Days. Roof Is Concreate Tile With 50 yr. Transferable Warranty. Great For Entertaining Back Yard With Block Walls, Slate Entryway And Remote Electrical Security Gate For Privacy. Blocks Away From South Hills Golf Course. Walking Distance From Elementary, Jr. High and High Schools. Will Not Last.

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)
  • 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)

PRICE & RENT TRENDS

Neighborhood: Azusa-Cameron

NeighborhoodNIR Market*CityMarket2010Year20002019200k250k300k350k400k450k500k550k600k650k700k750k800k850kPrice in $184k856k

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

Neighborhood: Azusa-Cameron

NeighborhoodNIR Market*CityMarket2010Year2000 Q42019 Q216001800200022002400260028003000320034003600Rent in $15053697

* 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
Vine Elementary School Primary Regular 549 24 7
Hollencrest Middle School Middle Regular 774 30 7
Edgewood High School High Regular 831 33 7

Vine Elementary School

  • Education Level: Primary
  • # of students: 549
  • # of teachers: 24
7
GreatSchools Rating

Hollencrest Middle School

  • Education Level: Middle
  • # of students: 774
  • # of teachers: 30
7
GreatSchools Rating

Edgewood High School

  • Education Level: High
  • # of students: 831
  • # of teachers: 33
7
GreatSchools Rating
 

$742,500$907,500$825,000

PURCHASE PRICE

$2,394$2,926$2,660

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,660
EXPENSES Loan Payment -$2,866
Property Tax -$835
Property Insurance -$67
Property Management Fees -$130
CASH FLOW
-$1,238

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.

$825,000

PROJECTED PRICE

$2,660

PROJECTED RENT

0.32%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.56%
Appreciation Year (1-5) 5.5%
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

PROJECTED ANNUAL CASH FLOW

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

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$224,375

INVESTMENT

$224,375

Down Payment
$206,250
Rehab Estimate
$5,750
Closing Costs
$12,375

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 70% down payment or higher enables the proceeds from the asset to cover all costs.

$2,866

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $206,250
Loan Amount $618,750
See What Happens When You Reinvest Cash Flow

0.17

YEARS SAVED

$98

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,660

    LIST RENT
  • $1.62

    LIST RENT PER SQFT
  • $2,804

    COMP ESTIMATED VALUE
  • $1.71

    COMP AVG. RENT PER SQFT
Comps Range
$2,660
1$2,6602$2,6953$2,7004$2,9505$2,975
$2,975
RENT COMPS ANALYSIS
  • 1131 S Donna Beth Avenue West Covina, CA 1
    • 4 beds 2 baths ∙ 1,640 Sqft ∙ Built 1962 4 beds 2 baths ∙ 1,640 Sqft ∙ Built 1962
    • Rent
    • Rent Per SQFT
    •  
    • $2,660
    • $1.62
    •  
  • 1609 Oxford Court West Covina, CA 2
    • 3 beds 2 baths ∙ 1,604 Sqft ∙ Built 1980 3 beds 2 baths ∙ 1,604 Sqft ∙ Built 1980
    LEASED 08/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,695
    • $1.68
    •  
  • 802 S Hollenbeck Street West Covina, CA 3
    • 3 beds 2 baths ∙ 1,649 Sqft ∙ Built 1977 3 beds 2 baths ∙ 1,649 Sqft ∙ Built 1977
    LEASED 02/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,700
    • $1.64
    •  
  • 904 S Hollenbeck Street West Covina, CA 4
    • 4 beds 2 baths ∙ 1,757 Sqft ∙ Built 1955 4 beds 2 baths ∙ 1,757 Sqft ∙ Built 1955
    LEASED 11/16/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,950
    • $1.68
    •  
  • 1009 S Terri Ann Drive West Covina, CA 5
    • 3 beds 2 baths ∙ 1,621 Sqft ∙ Built 1957 3 beds 2 baths ∙ 1,621 Sqft ∙ Built 1957
    LEASED 10/16/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,975
    • $1.84
    •  
PROPERTY LISTING DETAILS
Irma Ochoa
Re/max Masters Realty
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: CV21007134
Last Updated: 01/13/2021
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