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12723 Torch Street Baldwin Park, CA 91706

3 Beds 2 Baths 912 sqft Built 1952

$475,000

List Price

$1,860

$1.7K - $2K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 27, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1952
  • Price/Sqft : $520.83
  • 4 Days on Market
  • MLS # : CV21063273
  • Updated Date : 03/26/2021 at 05:10
CONSTRUCTION
  • Beds : 3
  • Floor Size : 912 sqft
  • Baths : 2 full
Listing Agent

Re/max Top Producers

Listing Agent's Description

*** Don't miss out on this single story cozy home!! This feature 3 bedrooms, 2 bathrooms, Newer Laminate flooring in living room and kitchen. Light and Airy living room that has been freshly painted. The house features a big lot for great summer entertaining! The location is very centralized, closed to shopping , schools, and easy access to freeways for those commuters traveling to Los Angeles and other cities! This home won't last, don't miss out on your opportunity to own this wonderful home.

SEE MORE

MARKET HIGHLIGHTS

  • 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]
  • 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)

PRICE & RENT TRENDS

Neighborhood: Baldwin Park

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450k500k550k600kPrice in $147k622k

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

Neighborhood: Baldwin Park

NeighborhoodNIR Market*CityMarket2010Year2000 Q42019 Q214001600180020002200240026002800Rent in $13662941

* 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
Sierra Vista Junior High School Middle Regular 766 29 5
Sierra Vista High School High Regular 2,026 84 5

Sierra Vista Junior High School

  • Education Level: Middle
  • # of students: 766
  • # of teachers: 29
5
GreatSchools Rating

Sierra Vista High School

  • Education Level: High
  • # of students: 2,026
  • # of teachers: 84
5
GreatSchools Rating
 

$427,500$522,500$475,000

PURCHASE PRICE

$1,674$2,046$1,860

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,860
EXPENSES Loan Payment -$1,650
Property Tax -$522
Property Insurance -$49
Property Management Fees -$99
CASH FLOW
-$460

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.

$475,000

PROJECTED PRICE

$1,860

PROJECTED RENT

0.39%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.35%
Appreciation Year (1-5) 8.0%
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-$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$131,625

INVESTMENT

$131,625

Down Payment
$118,750
Rehab Estimate
$5,750
Closing Costs
$7,125

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,650

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $118,750
Loan Amount $356,250
See What Happens When You Reinvest Cash Flow

1.5

YEARS SAVED

$3,693

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,860

    LIST RENT
  • $2.04

    LIST RENT PER SQFT
  • $1,856

    COMP ESTIMATED VALUE
  • $2.04

    COMP AVG. RENT PER SQFT
Comps Range
$1,860
1$1,8602$2,1503$2,2804$2,4005$2,500
$2,500
RENT COMPS ANALYSIS
  • 12723 Torch Street Baldwin Park, CA 1
    • 3 beds 2 baths ∙ 912 Sqft ∙ Built 1952 3 beds 2 baths ∙ 912 Sqft ∙ Built 1952
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,860
    • $2.04
    •  
  • 2644 Maxson Road El Monte, CA 2
    • 3 beds 2 baths ∙ 1,080 Sqft ∙ Built 1939 3 beds 2 baths ∙ 1,080 Sqft ∙ Built 1939
    property image
    LEASED 08/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,150
    • $1.99
    •  
  • 13169 Emery Avenue Baldwin Park, CA 3
    • 3 beds 1 baths ∙ 1,064 Sqft ∙ Built 1948 3 beds 1 baths ∙ 1,064 Sqft ∙ Built 1948
    property image
    LEASED 11/14/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,280
    • $2.14
    •  
  • 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
    property image
    LEASED 09/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,400
    • $2.00
    •  
  • 1136 Vineland Avenue La Puente, CA 5
    • 4 beds 2 baths ∙ 1,246 Sqft ∙ Built 1955 4 beds 2 baths ∙ 1,246 Sqft ∙ Built 1955
    property image
    LEASED 04/25/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $2.01
    •  
PROPERTY LISTING DETAILS
Peter Mendez
Re/max Top Producers
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: CV21063273
Last Updated: 03/26/2021
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