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123 N Angeleno Avenue Azusa, CA 91702

3 Beds 1 Baths 1,033 sqft Built 1948

$499,999

List Price

$2,030

$1.8K - $2.2K

Rent Est.

PROPERTY INFO

October 31, 2020 RECENTLY ADDED
FACTS
  • Built In 1948
  • Price/Sqft : $484.03
  • 4 Days on Market
  • MLS # : DW20230125
  • Updated Date : 10/31/2020 at 13:17
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,033 sqft
  • Baths : 1 full
Listing Agent

Veliz Empire Realty

Listing Agent's Description

Location, Location, Location! This beautiful home is located near shopping centers, freeways, and many restaurants. Many upgrades to this home including - Copper Pipes, New Granite Counters Tops, New Windows, Roof, Plantation Shutters throughout the House, New Vinyl Wood Floors, New Mount Stainless Steel Hood, New Garbage Disposal, New Garage Door, and Many extras. Garage has plumbing for Shower, Toilet, and Sink-Perfect for a Studio setting. Backyard has many Organic Fruit Trees and includes a Storage Shed. Ready to Move in.

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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: Azusa

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450k500k550k600kPrice in $150k622k

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

Neighborhood: Azusa

NeighborhoodNIR Market*CityMarket2010Year2000 Q42019 Q214001600180020002200240026002800Rent in $13812941

* 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
Mountain View Elementary School Primary Regular 420 18 3
Slauson Middle School Middle Regular 782 33 3
Gladstone High School High Regular 1,217 55 6

Mountain View Elementary School

  • Education Level: Primary
  • # of students: 420
  • # of teachers: 18
3
GreatSchools Rating

Slauson Middle School

  • Education Level: Middle
  • # of students: 782
  • # of teachers: 33
3
GreatSchools Rating

Gladstone High School

  • Education Level: High
  • # of students: 1,217
  • # of teachers: 55
6
GreatSchools Rating
 

$449,999$549,999$499,999

PURCHASE PRICE

$1,827$2,233$2,030

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,030
EXPENSES Loan Payment -$1,845
Property Tax -$527
Property Insurance -$52
Property Management Fees -$99
CASH FLOW
-$494

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.

$499,999

PROJECTED PRICE

$2,030

PROJECTED RENT

0.41%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.35%
Appreciation Year (1-5) 7.6%
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

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$138,250

INVESTMENT

$138,250

Down Payment
$125,000
Rehab Estimate
$5,750
Closing Costs
$7,500

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,845

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $125,000
Loan Amount $374,999
See What Happens When You Reinvest Cash Flow

1.58

YEARS SAVED

$5,508

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,030

    LIST RENT
  • $1.97

    LIST RENT PER SQFT
  • $1,653

    COMP ESTIMATED VALUE
  • $1.6

    COMP AVG. RENT PER SQFT
Comps Range
$1,580
1$1,5802$1,7003$2,0304$2,2505$2,300
$2,300
RENT COMPS ANALYSIS
  • 123 N Angeleno Avenue Azusa, CA 3
    • 3 beds 1 baths ∙ 1,033 Sqft ∙ Built 1948 3 beds 1 baths ∙ 1,033 Sqft ∙ Built 1948
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,030
    • $1.97
    •  
  • 5158 N Burwood Avenue Covina, CA 1
    • 4 beds 2 baths ∙ 1,065 Sqft ∙ Built 1955 4 beds 2 baths ∙ 1,065 Sqft ∙ Built 1955
    property image
    LEASED 03/08/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,580
    • $1.48
    •  
  • 17720 E Newburgh Street Azusa, CA 2
    • 3 beds 1 baths ∙ 1,200 Sqft ∙ Built 1954 3 beds 1 baths ∙ 1,200 Sqft ∙ Built 1954
    property image
    LEASED 12/30/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,700
    • $1.42
    •  
  • 18319 E Nearfield Street Azusa, CA 4
    • 3 beds 2 baths ∙ 1,302 Sqft ∙ Built 1954 3 beds 2 baths ∙ 1,302 Sqft ∙ Built 1954
    property image
    LEASED 06/24/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,250
    • $1.73
    •  
  • 16631 E Masline Street Covina, CA 5
    • 3 beds 1 baths ∙ 1,300 Sqft ∙ Built 1955 3 beds 1 baths ∙ 1,300 Sqft ∙ Built 1955
    property image
    LEASED 01/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,300
    • $1.77
    •  
PROPERTY LISTING DETAILS
Fabian Gomez
Veliz Empire Realty
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: DW20230125
Last Updated: 10/31/2020
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