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1351 N Macneil Drive Azusa, CA 91702

4 Beds 4 Baths 2,909 sqft Built 2014

$899,000

List Price

$3,790

$3.5K - $4K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
February 24, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2014
  • Price/Sqft : $309.04
  • 5 Days on Market
  • MLS # : WS21034969
  • Updated Date : 02/25/2021 at 10:29
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,909 sqft
  • Baths : 4 full
Listing Agent

C-21 West Coast Brokers

Listing Agent's Description

Located in Rosedale community, 1351 Macneil offers 4 bedrooms and 3.5 baths over 2900 square feet of living space. The two story home features a bedroom and full bathroom on the first floor. The remaining first floor is a large open floor plan combining the living room, dining room and kitchen. The kitchen includes a large granite island as well as plenty of counter space. The dining room opens to the backyard via large sliding glass door. An additional half bath is available on the first floor, perfect for guests. As you make your way upstairs you first arrive at a large loft area, which can be used as an office or second living room. The master suite includes a luxurious bathroom with walk in closet, soak-in tub, separate shower and dual vanities. The second floor includes two additional bedrooms with walk in closets, bathroom with dual sinks and separated shower, and a laundry room with utility sink. The backyard includes both hardscape and landscape as well as a fire pit perfect for entertaining. The home also includes an attached two car garage with entrance into the kitchen. Residents will have access to Rosedale’s recreation center which includes an Olympic-sized swimming pool and an additional smaller pool. There is also a fully-equipped fitness center, basketball courts, picnic areas, spa, and more.

SEE MORE

MARKET HIGHLIGHTS

  • Southern California area contributes to 55.3% of California state economy i.e. Gross State Product (USMayors.org, 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)
  • 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 has 58.7% labor force participation rate; within this area, Los Angeles metro has 62.3% labor force participation rate (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)
  • 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]
  • 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)

PRICE & RENT TRENDS

Neighborhood: Rosedale

ZipNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450k500k550k600kPrice in $150k622k

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

Neighborhood: Rosedale

NeighborhoodNIR Market*CityMarket2010Year2000 Q42019 Q21400160018002000220024002600280030003200340036003800Rent in $13963921

* 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
Henry Dalton Elementary School Primary Regular 307 12 4
Foothill Middle School Middle Regular 589 29 3
Azusa High School High Regular 1,393 65 5

Henry Dalton Elementary School

  • Education Level: Primary
  • # of students: 307
  • # of teachers: 12
4
GreatSchools Rating

Foothill Middle School

  • Education Level: Middle
  • # of students: 589
  • # of teachers: 29
3
GreatSchools Rating

Azusa High School

  • Education Level: High
  • # of students: 1,393
  • # of teachers: 65
5
GreatSchools Rating
 

$809,100$988,900$899,000

PURCHASE PRICE

$3,411$4,169$3,790

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,790
EXPENSES Loan Payment -$3,123
Property Tax -$1,000
Property Insurance -$97
HOA -$139
Property Management Fees -$186
CASH FLOW
-$754

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 13% of earned rent to cover both maintenance and periods of vacancy.

$899,000

PROJECTED PRICE

$3,790

PROJECTED RENT

0.42%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.48%
Appreciation Year (1-5) 5.0%
Maintenance Year (1-5) 8.00%
Vacancy 4.69%
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$2.5M

PROJECTED ANNUAL CASH FLOW

11530-$15k-$10k-$5.0k$0.0$5.0k$10k$15k$20k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$500k$1.0M$1.5M$2.0M$2.5M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$243,985

INVESTMENT

$243,985

Down Payment
$224,750
Rehab Estimate
$5,750
Closing Costs
$13,485

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$3,123

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $224,750
Loan Amount $674,250
See What Happens When You Reinvest Cash Flow

1.92

YEARS SAVED

$11,045

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,790

    LIST RENT
  • $1.3

    LIST RENT PER SQFT
  • $3,796

    COMP ESTIMATED VALUE
  • $1.31

    COMP AVG. RENT PER SQFT
Comps Range
$3,600
1$3,6002$3,7903$3,8004$3,8005$4,000
$4,000
RENT COMPS ANALYSIS
  • 1351 N Macneil Drive Azusa, CA 2
    • 4 beds 4 baths ∙ 2,909 Sqft ∙ Built 2014 4 beds 4 baths ∙ 2,909 Sqft ∙ Built 2014
    • Rent
    • Rent Per SQFT
    •  
    • $3,790
    • $1.30
    •  
  • 1306 N Crape Myrtle Azusa, CA 1
    • 4 beds 3 baths ∙ 2,871 Sqft ∙ Built 2007 4 beds 3 baths ∙ 2,871 Sqft ∙ Built 2007
    LEASED 12/17/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,600
    • $1.25
    •  
  • 701 E Heather Circle Azusa, CA 3
    • 5 beds 4 baths ∙ 2,909 Sqft ∙ Built 2014 5 beds 4 baths ∙ 2,909 Sqft ∙ Built 2014
    LEASED 09/25/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,800
    • $1.31
    •  
  • 499 E Desert Willow Road Azusa, CA 4
    • 4 beds 4 baths ∙ 2,960 Sqft ∙ Built 2014 4 beds 4 baths ∙ 2,960 Sqft ∙ Built 2014
    LEASED 10/04/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,800
    • $1.28
    •  
  • 1312 N Macneil Drive Azusa, CA 5
    • 4 beds 4 baths ∙ 2,909 Sqft ∙ Built 2014 4 beds 4 baths ∙ 2,909 Sqft ∙ Built 2014
    LEASED 08/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $4,000
    • $1.38
    •  
PROPERTY LISTING DETAILS
Kevin Kwan
C-21 West Coast Brokers
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: WS21034969
Last Updated: 02/25/2021
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