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1353 N Crape Myrtle Drive Azusa, CA 91702

5 Beds 3 Baths 2,369 sqft Built 2013

$755,000

List Price

$3,250

$3K - $3.5K

Rent Est.

PROPERTY INFO

January 27, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2013
  • Price/Sqft : $318.70
  • 6 Days on Market
  • MLS # : IV21017036
  • Updated Date : 01/29/2021 at 22:13
CONSTRUCTION
  • Beds : 5
  • Floor Size : 2,369 sqft
  • Baths : 3 full
Listing Agent

Valgar Realty

Listing Agent's Description

This beauty of a home is nestled in the highly sought after North Rosedale Community, known for its endless parks/trails, beautiful mountain views, manicured streets and homes. This very well planned community provides for nine (9) parks, one (1) community park, a Promenade, a Community Recreation Center, three (3) community pools, and within walking distance to access the Metro Gold Line as well as other amenities. This updated and upgraded pristine home offers many upgrades. The kitchen was fully remodeled to include built-in Star-Energy rated appliances, Corian countertops, farmhouse sink, pull-out shelves in pantry, and pull-out drawers in cabinets. The master bathroom also completely remodeled with exquisite tasteful finishes. Wood floors and plantation shutters throughout to match the custom refinished beautiful dark wood color stair railings and banister. This energy efficient home also offers unique finishes and technology friendly upgrades. Entertain your loved guests with ease and a fresh upscale vibe in this corner lot show quality gorgeous home. Come see it, it is a must to appreciate.

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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: 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
 

$679,500$830,500$755,000

PURCHASE PRICE

$2,925$3,575$3,250

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,250
EXPENSES Loan Payment -$2,622
Property Tax -$840
Property Insurance -$84
HOA -$230
Property Management Fees -$159
CASH FLOW
-$685

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.

$755,000

PROJECTED PRICE

$3,250

PROJECTED RENT

0.43%

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

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$205,825

INVESTMENT

$205,825

Down Payment
$188,750
Rehab Estimate
$5,750
Closing Costs
$11,325

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,622

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $188,750
Loan Amount $566,250
See What Happens When You Reinvest Cash Flow

1.5

YEARS SAVED

$6,627

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,250

    LIST RENT
  • $1.37

    LIST RENT PER SQFT
  • $3,364

    COMP ESTIMATED VALUE
  • $1.42

    COMP AVG. RENT PER SQFT
Comps Range
$3,000
1$3,0002$3,0003$3,2004$3,2505$3,950
$3,950
RENT COMPS ANALYSIS
  • 1353 N Crape Myrtle Drive Azusa, CA 4
    • 5 beds 3 baths ∙ 2,369 Sqft ∙ Built 2013 5 beds 3 baths ∙ 2,369 Sqft ∙ Built 2013
    • Rent
    • Rent Per SQFT
    •  
    • $3,250
    • $1.37
    •  
  • 914 N Woodbine Way Azusa, CA 1
    • 4 beds 3 baths ∙ 2,192 Sqft ∙ Built 2013 4 beds 3 baths ∙ 2,192 Sqft ∙ Built 2013
    LEASED 06/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,000
    • $1.37
    •  
  • 924 N Woodbine Way Azusa, CA 2
    • 4 beds 3 baths ∙ 2,192 Sqft ∙ Built 2013 4 beds 3 baths ∙ 2,192 Sqft ∙ Built 2013
    LEASED 06/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,000
    • $1.37
    •  
  • 951 N Cornejo Way Azusa, CA 3
    • 4 beds 3 baths ∙ 2,184 Sqft ∙ Built 2013 4 beds 3 baths ∙ 2,184 Sqft ∙ Built 2013
    LEASED 10/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,200
    • $1.47
    •  
  • 723 E Lemon Swirl Drive Azusa, CA 5
    • 4 beds 4 baths ∙ 2,691 Sqft ∙ Built 2013 4 beds 4 baths ∙ 2,691 Sqft ∙ Built 2013
    LEASED 07/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,950
    • $1.47
    •  
PROPERTY LISTING DETAILS
Josie Garcia
Valgar Realty
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: IV21017036
Last Updated: 01/29/2021
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