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12126 Lower Azusa Road El Monte, CA 91732

4 Beds 3 Baths 2,517 sqft Built 1999

$770,000

List Price

$3,090

$2.8K - $3.3K

Rent Est.

PROPERTY INFO

December 23, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1999
  • Price/Sqft : $305.92
  • 5 Days on Market
  • MLS # : WS20262045
  • Updated Date : 12/24/2020 at 12:09
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,517 sqft
  • Baths : 3 full
Listing Agent

Your Home Sold Guaranteed Rlty

Listing Agent's Description

WOW! Home Sweet Home!! Amazing opportunity to own this gorgeous nestled in the Prime Location of North El Monte! As you walk into this elegant home, you are greeted with a high ceiling and custom built staircase railings. The spacious living room area is perfect for family entertainment. Features 1 Bedroom and 1 Bathroom on the main level. Beautiful functional kitchen with Granite counter tops and center island. Huge den on the second floor can be used as an office or family entertaining area. The lovely master bathroom suite features dual sinks, upgraded steam and shower combination, and a jacuzzi jetted tub. Walk in closet has built-in organizers. This home has many upgrades and a lot to offer! Schedule your showings today! This won't last long!!

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • 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]

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
Durfee Elementary School Primary Regular 1,059 42 7
Durfee Elementary School Middle Regular 1,059 42 7
Arroyo High School High Regular 2,301 92 7

Durfee Elementary School

  • Education Level: Primary
  • # of students: 1,059
  • # of teachers: 42
7
GreatSchools Rating

Durfee Elementary School

  • Education Level: Middle
  • # of students: 1,059
  • # of teachers: 42
7
GreatSchools Rating

Arroyo High School

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

$693,000$847,000$770,000

PURCHASE PRICE

$2,781$3,399$3,090

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,090
EXPENSES Loan Payment -$2,841
Property Tax -$950
Property Insurance -$88
Property Management Fees -$151
CASH FLOW
-$941

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.

$770,000

PROJECTED PRICE

$3,090

PROJECTED RENT

0.40%

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$500k$1.0M$1.5M$2.0M

PROJECTED ANNUAL CASH FLOW

11530-$15k-$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$209,800

INVESTMENT

$209,800

Down Payment
$192,500
Rehab Estimate
$5,750
Closing Costs
$11,550

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,841

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $192,500
Loan Amount $577,500
See What Happens When You Reinvest Cash Flow

0.67

YEARS SAVED

$2,625

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,090

    LIST RENT
  • $1.23

    LIST RENT PER SQFT
  • $3,423

    COMP ESTIMATED VALUE
  • $1.36

    COMP AVG. RENT PER SQFT
Comps Range
$2,900
1$2,9002$3,0903$3,100
$3,100
RENT COMPS ANALYSIS
  • 12126 Lower Azusa Road El Monte, CA 2
    • 4 beds 3 baths ∙ 2,517 Sqft ∙ Built 1999 4 beds 3 baths ∙ 2,517 Sqft ∙ Built 1999
    • Rent
    • Rent Per SQFT
    •  
    • $3,090
    • $1.23
    •  
  • 5326 N Peck Road El Monte, CA 1
    • 4 beds 3 baths ∙ 2,177 Sqft ∙ Built 2006 4 beds 3 baths ∙ 2,177 Sqft ∙ Built 2006
    LEASED 12/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,900
    • $1.33
    •  
  • 1358 Jacaranda Circle Arcadia, CA 3
    • 3 beds 3 baths ∙ 2,223 Sqft ∙ Built 2002 3 beds 3 baths ∙ 2,223 Sqft ∙ Built 2002
    LEASED 06/09/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,100
    • $1.39
    •  
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 #: WS20262045
Last Updated: 12/24/2020
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