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13650 Frazier Street Baldwin Park, CA 91706

3 Beds 2 Baths 1,240 sqft Built 1962

$589,500

List Price

$2,400

$2.2K - $2.6K

Rent Est.

PROPERTY INFO

November 13, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1962
  • Price/Sqft : $475.40
  • 4 Days on Market
  • MLS # : TR20236155
  • Updated Date : 11/12/2020 at 17:23
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,240 sqft
  • Baths : 1 full , 1 half
Listing Agent

Century 21 Home

Listing Agent's Description

You won’t want to miss your chance at this absolute gem of a home! So many upgrades and improvements! Let’s start with the outside: all new landscaping in front and back with new sprinkler system, new hardscape, new plants, planters, walkways, custom metal gates on both sides, added privacy provided by the addition of an aluminum top treatment to the backyard walls, and a new patio roof. Two windows were installed in the custom shed. The home has been freshly painted inside and out. Inside you will find all new doors, including a new security door installed in front of front door. There is also all new molding, hardware on doors and cabinets, new ceiling fan in dining room, all new low-e double paned windows with new window treatments for most. The A/C unit is new, the water heater and its cabinet are new. New copper piping installed. The kitchen was redone including wiring and plumbing to accommodate a dishwasher. You’ll find new cabinets, new counters, new double deep sink and faucet, new L.E.D. lighting, newer microwave and dishwasher. New cabinets were added to the indoor laundry room. The bathrooms have been upgraded. The walls are plaster which provides better insulation and sound proofing, including inside the garage. Speaking of the garage, a new garage door opener has been installed that has a battery back-up so you can still open it during a power outage. The only thing left for you is putting in your personal touch.

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
Kenmore Elementary School Primary Regular 585 24 8
Kenmore Elementary School Middle Regular 585 24 8
Sierra Vista High School High Regular 2,026 84 5

Kenmore Elementary School

  • Education Level: Primary
  • # of students: 585
  • # of teachers: 24
8
GreatSchools Rating

Kenmore Elementary School

  • Education Level: Middle
  • # of students: 585
  • # of teachers: 24
8
GreatSchools Rating

Sierra Vista High School

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

$530,550$648,450$589,500

PURCHASE PRICE

$2,160$2,640$2,400

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,400
EXPENSES Loan Payment -$2,175
Property Tax -$646
Property Insurance -$57
Property Management Fees -$118
CASH FLOW
-$596

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.

$589,500

PROJECTED PRICE

$2,400

PROJECTED RENT

0.41%

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$1.6M$1.8M

PROJECTED ANNUAL CASH FLOW

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

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$1.8M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$161,968

INVESTMENT

$161,968

Down Payment
$147,375
Rehab Estimate
$5,750
Closing Costs
$8,843

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,175

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $147,375
Loan Amount $442,125
See What Happens When You Reinvest Cash Flow

1.5

YEARS SAVED

$5,895

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,400

    LIST RENT
  • $1.94

    LIST RENT PER SQFT
  • $2,474

    COMP ESTIMATED VALUE
  • $1.99

    COMP AVG. RENT PER SQFT
Comps Range
$2,150
1$2,1502$2,2803$2,3004$2,4005$2,500
$2,500
RENT COMPS ANALYSIS
  • 13650 Frazier Street Baldwin Park, CA 4
    • 3 beds 2 baths ∙ 1,240 Sqft ∙ Built 1962 3 beds 2 baths ∙ 1,240 Sqft ∙ Built 1962
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,400
    • $1.94
    •  
  • 13751 Los Angeles Street Baldwin Park, CA 1
    • 3 beds 1 baths ∙ 1,142 Sqft ∙ Built 1981 3 beds 1 baths ∙ 1,142 Sqft ∙ Built 1981
    property image
    LEASED 01/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,150
    • $1.88
    •  
  • 13169 Emery Avenue Baldwin Park, CA 2
    • 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
    •  
  • 3228 Robinette Avenue Baldwin Park, CA 3
    • 3 beds 1 baths ∙ 1,102 Sqft ∙ Built 1961 3 beds 1 baths ∙ 1,102 Sqft ∙ Built 1961
    property image
    LEASED 07/08/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,300
    • $2.09
    •  
  • 4518 Jerry Avenue Baldwin Park, CA 5
    • 3 beds 2 baths ∙ 1,340 Sqft ∙ Built 1968 3 beds 2 baths ∙ 1,340 Sqft ∙ Built 1968
    property image
    LEASED 11/09/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $1.87
    •  
PROPERTY LISTING DETAILS
Della Sasso
Century 21 Home
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: TR20236155
Last Updated: 11/12/2020
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