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11539 Lower Azusa Road #D El Monte, CA 91732

3 Beds 3 Baths 1,219 sqft Built 1980

$460,000

List Price

$2,180

$2K - $2.4K

Rent Est.

PROPERTY INFO

FACTS
  • Built In 1980
  • Price/Sqft : $377.36
  • 30 Days on Market
  • MLS # : WS20209529
  • Updated Date : 10/29/2020 at 21:38
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,219 sqft
  • Baths : 2 full , 1 half
Listing Agent

Kw Executive

Listing Agent's Description

Best unit with view of swimming pool, sunlit 2 story condo, 3 bedrooms with 2.5 bathrooms. Only 1 shared wall in a gated community with a swimming pool and spa. This well-maintained and sunlit unit with two patios is nestled in the best location of the complex, overlooking the pool. Upgraded laminate floor throughout the unit, new paint, new oven and stove. The bright living room with a vaulted ceiling is adorned by a beautiful stone fireplace. The kitchen features tile countertops and ample cabinets for storage. The formal dining area has a sliding glass door leading to the private patio for al fresco dining. The spacious master bedroom suite offers 2 closets. One bedroom has a nice balcony. HOA dues of $220/month include water, trash, and common area maintenance. This property is conveniently located close to schools, restaurants, 605 freeway, and much more. Motivated Seller. Must see to appreciate!

SEE MORE

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: 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
 

$414,000$506,000$460,000

PURCHASE PRICE

$1,962$2,398$2,180

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,180
EXPENSES Loan Payment -$1,697
Property Tax -$568
Property Insurance -$57
HOA -$220
Property Management Fees -$107
CASH FLOW
-$468

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.

$460,000

PROJECTED PRICE

$2,180

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$127,650

INVESTMENT

$127,650

Down Payment
$115,000
Rehab Estimate
$5,750
Closing Costs
$6,900

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,697

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $115,000
Loan Amount $345,000
See What Happens When You Reinvest Cash Flow

1.33

YEARS SAVED

$3,591

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,180

    LIST RENT
  • $1.79

    LIST RENT PER SQFT
  • $2,255

    COMP ESTIMATED VALUE
  • $1.85

    COMP AVG. RENT PER SQFT
Comps Range
$2,180
1$2,1802$2,2003$2,2504$2,3505$2,400
$2,400
RENT COMPS ANALYSIS
  • 11539 Lower Azusa Road El Monte, CA 1
    • 3 beds 3 baths ∙ 1,219 Sqft ∙ Built 1980 3 beds 3 baths ∙ 1,219 Sqft ∙ Built 1980
    • Rent
    • Rent Per SQFT
    •  
    • $2,180
    • $1.79
    •  
  • 4845 Standell Avenue El Monte, CA 2
    • 3 beds 1 baths ∙ 1,220 Sqft ∙ Built 1961 3 beds 1 baths ∙ 1,220 Sqft ∙ Built 1961
    LEASED 10/06/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,200
    • $1.80
    •  
  • 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
    LEASED 01/31/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,250
    • $1.92
    •  
  • 11565 Lower Azusa Road El Monte, CA 4
    • 3 beds 2 baths ∙ 1,219 Sqft ∙ Built 1980 3 beds 2 baths ∙ 1,219 Sqft ∙ Built 1980
    LEASED 09/18/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,350
    • $1.93
    •  
  • 5007 Peck Road El Monte, CA 5
    • 3 beds 3 baths ∙ 1,370 Sqft ∙ Built 1986 3 beds 3 baths ∙ 1,370 Sqft ∙ Built 1986
    LEASED 09/26/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,400
    • $1.75
    •  
PROPERTY LISTING DETAILS
Guan-ying Lai
Kw Executive
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: WS20209529
Last Updated: 10/29/2020
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