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12077 Conference Street El Monte, CA 91732

3 Beds 2 Baths 1,300 sqft Built 1947

$570,000

List Price

$2,330

$2.1K - $2.6K

Rent Est.

PROPERTY INFO

FACTS
  • Single Family
  • Built In 1947
  • Price/Sqft : $438.46
  • 10 Days on Market
  • MLS # : PW21024497
  • Updated Date : 02/13/2021 at 16:33
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,300 sqft
  • Baths : 2 full
Listing Agent

Bhhs Ca Properties

Listing Agent's Description

This is a great opportunity to own a 3 Bedroom 2 Bath home + Guest House (Garage has been converted to living space with Full Kitchen & Bathroom & Bedroom) Garage or Studio is not included in square footage. Seller will not convert garage back. Main house is really cute with front porch and great floor plan offering a separate master suite from the rest of the home. Many rooms have recessed lighting and crown molding. The master bedroom has a door leading out to the covered patio. Huge private corner lot boasting at least 10 fruit trees, including avacado trees. Gazebo - RV Parking -- Cement Driveway for at least 3 cars. There are two laundry hook-ups outside in the covered patio areas. One is for the main house and one for the garage living space. Sold AS IS - Central Air conditioning unit in main house, garage has wall air conditioning unit. This home is great for extended families or live in one and rent the other. Yard is fenced.

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
Arroyo High School High Regular 2,301 92 7

Arroyo High School

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

$513,000$627,000$570,000

PURCHASE PRICE

$2,097$2,563$2,330

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,330
EXPENSES Loan Payment -$1,980
Property Tax -$704
Property Insurance -$59
Property Management Fees -$114
CASH FLOW
-$526

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.

$570,000

PROJECTED PRICE

$2,330

PROJECTED RENT

0.41%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.35%
Appreciation Year (1-5) 7.5%
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$1.6M$1.8M

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$1.6M$1.8M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$156,800

INVESTMENT

$156,800

Down Payment
$142,500
Rehab Estimate
$5,750
Closing Costs
$8,550

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,980

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $142,500
Loan Amount $427,500
See What Happens When You Reinvest Cash Flow

1.5

YEARS SAVED

$4,858

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,330

    LIST RENT
  • $1.79

    LIST RENT PER SQFT
  • $2,460

    COMP ESTIMATED VALUE
  • $1.89

    COMP AVG. RENT PER SQFT
Comps Range
$2,200
1$2,2002$2,2003$2,3304$2,4005$2,600
$2,600
RENT COMPS ANALYSIS
  • 12077 Conference Street El Monte, CA 3
    • 3 beds 2 baths ∙ 1,300 Sqft ∙ Built 1947 3 beds 2 baths ∙ 1,300 Sqft ∙ Built 1947
    • Rent
    • Rent Per SQFT
    •  
    • $2,330
    • $1.79
    •  
  • 11529 Embree Drive El Monte, CA 1
    • 3 beds 1 baths ∙ 1,085 Sqft ∙ Built 1950 3 beds 1 baths ∙ 1,085 Sqft ∙ Built 1950
    LEASED 02/21/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,200
    • $2.03
    •  
  • 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
    •  
  • 4832 Cogswell Road El Monte, CA 4
    • 3 beds 2 baths ∙ 1,200 Sqft ∙ Built 1937 3 beds 2 baths ∙ 1,200 Sqft ∙ Built 1937
    LEASED 09/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,400
    • $2.00
    •  
  • 5337 Hammill Road El Monte, CA 5
    • 3 beds 2 baths ∙ 1,496 Sqft ∙ Built 1966 3 beds 2 baths ∙ 1,496 Sqft ∙ Built 1966
    LEASED 02/03/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,600
    • $1.74
    •  
PROPERTY LISTING DETAILS
Shariee Dunn
Bhhs Ca Properties
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: PW21024497
Last Updated: 02/13/2021
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