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

11527 Lower Azusa Road #E El Monte, CA 91732

3 Beds 3 Baths 1,219 sqft Built 1980

$470,000

List Price

$2,220

$2K - $2.4K

Rent Est.

PROPERTY INFO

FACTS
  • Single Family
  • Built In 1980
  • Price/Sqft : $385.56
  • 10 Days on Market
  • MLS # : WS20239631
  • Updated Date : 11/20/2020 at 09:35
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,219 sqft
  • Baths : 3 full
Listing Agent

Your Home Sold Guaranteed Rlty

Listing Agent's Description

The best unit in the complex! Come see this end unit with recently remodeled finishes and brand new heating/cooling system, water heater and electrical panel. The current owners have been the benefactors of this home for several years and now it's time to pass it on! Comes equipped with spacious 3 bedrooms and 3 bathrooms in addition to a larger wrap around side yard. Adjacent to the community jacuzzi so it almost acts as the private spa. HOA features community pool/spa, secured gated access. Convenient to restaurants, schools and Sam's Club! Must see!

SEE MORE

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: Norwood Cherrylee

NeighborhoodNIR Market*CityMarket2010Year20002019200k250k300k350k400k450k500k550k600kPrice in $153k622k

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

Neighborhood: Norwood Cherrylee

NeighborhoodNIR Market*CityMarket2010Year2000 Q42019 Q21700180019002000210022002300240025002600270028002900Rent in $16122941

* 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
Rio Hondo Elementary School Primary Regular 850 37 5
Rio Hondo Elementary School Middle Regular 850 37 5
Arroyo High School High Regular 2,301 92 7

Rio Hondo Elementary School

  • Education Level: Primary
  • # of students: 850
  • # of teachers: 37
5
GreatSchools Rating

Rio Hondo Elementary School

  • Education Level: Middle
  • # of students: 850
  • # of teachers: 37
5
GreatSchools Rating

Arroyo High School

  • Education Level: High
  • # of students: 2,301
  • # of teachers: 92
7
GreatSchools Rating
 

$423,000$517,000$470,000

PURCHASE PRICE

$1,998$2,442$2,220

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,220
EXPENSES Loan Payment -$1,734
Property Tax -$580
Property Insurance -$57
HOA -$220
Property Management Fees -$109
CASH FLOW
-$480

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.

$470,000

PROJECTED PRICE

$2,220

PROJECTED RENT

0.47%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.35%
Appreciation Year (1-5) 7.5%
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$200k$400k$600k$800k$1.0M$1.2M$1.4M

PROJECTED ANNUAL CASH FLOW

11530-$10k-$5.0k$0.0$5.0k$10k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$130,300

INVESTMENT

$130,300

Down Payment
$117,500
Rehab Estimate
$5,750
Closing Costs
$7,050

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,734

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $117,500
Loan Amount $352,500
See What Happens When You Reinvest Cash Flow

1.33

YEARS SAVED

$3,656

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,220

    LIST RENT
  • $1.82

    LIST RENT PER SQFT
  • $2,295

    COMP ESTIMATED VALUE
  • $1.88

    COMP AVG. RENT PER SQFT
Comps Range
$2,200
1$2,2002$2,2203$2,2504$2,4005$2,500
$2,500
RENT COMPS ANALYSIS
  • 11527 Lower Azusa Road El Monte, CA 2
    • 3 beds 3 baths ∙ 1,219 Sqft ∙ Built 1980 3 beds 3 baths ∙ 1,219 Sqft ∙ Built 1980
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,220
    • $1.82
    •  
  • 11549 Cherrylee Drive El Monte, CA 1
    • 3 beds 2 baths ∙ 1,144 Sqft ∙ Built 1964 3 beds 2 baths ∙ 1,144 Sqft ∙ Built 1964
    property image
    LEASED 09/28/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,200
    • $1.92
    •  
  • 11324 Ranchito Street El Monte, CA 3
    • 3 beds 2 baths ∙ 1,171 Sqft ∙ Built 1962 3 beds 2 baths ∙ 1,171 Sqft ∙ Built 1962
    property image
    LEASED 01/31/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,250
    • $1.92
    •  
  • 5007 Peck Road El Monte, CA 4
    • 3 beds 3 baths ∙ 1,370 Sqft ∙ Built 1986 3 beds 3 baths ∙ 1,370 Sqft ∙ Built 1986
    property image
    LEASED 09/26/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,400
    • $1.75
    •  
  • 11539 Lower Azusa Road El Monte, CA 5
    • 3 beds 3 baths ∙ 1,290 Sqft ∙ Built 1980 3 beds 3 baths ∙ 1,290 Sqft ∙ Built 1980
    property image
    LEASED 11/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $1.94
    •  
PROPERTY LISTING DETAILS
Rudy Lira Kusuma
Your Home Sold Guaranteed Rlty
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: WS20239631
Last Updated: 11/20/2020
BESbswy