Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more

12828 Ramona Blvd #5 Baldwin Park, CA 91706

3 Beds 2 Baths 1,021 sqft Built 1983

$419,000

List Price

$2,050

$1.8K - $2.3K

Rent Est.

PROPERTY INFO

December 06, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1983
  • Price/Sqft : $410.38
  • 2 Days on Market
  • MLS # : WS20252236
  • Updated Date : 12/05/2020 at 20:07
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,021 sqft
  • Baths : 2 full
Listing Agent

Grandmark Realty Inc.

Listing Agent's Description

A beautiful condo with attached two cars garage in the gated community which clean and safe located in city of Baldwin Park. It has three bedrooms and two bathrooms. Features include remodeled open plan kitchen with a large living room brightly; a cozy backyard with nice patio and a lemon tree; the stairs rail has special design with unique colors; the big master bedroom that located in south of the house is warm in winter and cool in summer; the new paint was just finished through the entire house. The HOA fee includes water, trash, pool, insurance, common area and exterior of the house maintenance. The new roof & exterior paint were finished in the end of 2019 for the entire community. Easy access to freeway 10 & 605, shopping and school. Property is sold AS-Is condition with no necessary repairs from seller. Come to see it today!

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: 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
Elwin Elementary School Primary Regular 465 19 3
Sierra Vista Junior High School Middle Regular 766 29 5
Sierra Vista High School High Regular 2,026 84 5

Elwin Elementary School

  • Education Level: Primary
  • # of students: 465
  • # of teachers: 19
3
GreatSchools Rating

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
 

$377,100$460,900$419,000

PURCHASE PRICE

$1,845$2,255$2,050

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,050
EXPENSES Loan Payment -$1,546
Property Tax -$461
Property Insurance -$52
HOA -$200
Property Management Fees -$100
CASH FLOW
-$309

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.

$419,000

PROJECTED PRICE

$2,050

PROJECTED RENT

0.49%

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

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$116,785

INVESTMENT

$116,785

Down Payment
$104,750
Rehab Estimate
$5,750
Closing Costs
$6,285

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,546

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $104,750
Loan Amount $314,250
See What Happens When You Reinvest Cash Flow

2.42

YEARS SAVED

$9,043

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,050

    LIST RENT
  • $2.01

    LIST RENT PER SQFT
  • $2,052

    COMP ESTIMATED VALUE
  • $2.01

    COMP AVG. RENT PER SQFT
Comps Range
$2,050
1$2,0502$2,0503$2,1004$2,2005$2,400
$2,400
RENT COMPS ANALYSIS
  • 12828 Ramona Blvd Baldwin Park, CA 2
    • 3 beds 2 baths ∙ 1,021 Sqft ∙ Built 1983 3 beds 2 baths ∙ 1,021 Sqft ∙ Built 1983
    • Rent
    • Rent Per SQFT
    •  
    • $2,050
    • $2.01
    •  
  • 12828 Ramona Blvd. #37 Baldwin Park, CA 1
    • 3 beds 2 baths ∙ 1,057 Sqft ∙ Built 1983 3 beds 2 baths ∙ 1,057 Sqft ∙ Built 1983
    LEASED 08/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,050
    • $1.94
    •  
  • 13502 Tracy Street Baldwin Park, CA 3
    • 3 beds 2 baths ∙ 1,076 Sqft ∙ Built 1983 3 beds 2 baths ∙ 1,076 Sqft ∙ Built 1983
    LEASED 11/05/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,100
    • $1.95
    •  
  • 13302 Ramona Boulevard Baldwin Park, CA 4
    • 3 beds 2 baths ∙ 1,015 Sqft ∙ Built 1985 3 beds 2 baths ∙ 1,015 Sqft ∙ Built 1985
    LEASED 01/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,200
    • $2.17
    •  
  • 4028 Maxson Road El Monte, CA 5
    • 3 beds 3 baths ∙ 1,211 Sqft ∙ Built 1981 3 beds 3 baths ∙ 1,211 Sqft ∙ Built 1981
    LEASED 09/07/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,400
    • $1.98
    •  
PROPERTY LISTING DETAILS
Alice Li
Grandmark Realty Inc.
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: WS20252236
Last Updated: 12/05/2020
BESbswy