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1370 N Brian Avenue Azusa, CA 91702

3 Beds 1 Baths 1,231 sqft Built 1970

$599,000

List Price

$2,320

$2.1K - $2.6K

Rent Est.

PROPERTY INFO

October 28, 2020 RECENTLY ADDED
FACTS
  • Built In 1970
  • Price/Sqft : $486.60
  • 8 Days on Market
  • MLS # : CV20209575
  • Updated Date : 10/28/2020 at 14:01
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,231 sqft
  • Baths : 1 full
Listing Agent

Century 21 Marty Rodriguez

Listing Agent's Description

Are you ready to be the proud new owner of this Azusa home?! This home is brimming with potential and awaiting your modern upgrades! With just a little TLC, this home will rise fast in value! As you make your way past the custom iron gate entrance, you are welcomed with an inviting floor plan that will make you feel right at home. The living room is accented by hardwood flooring, cozy brick fireplace, skylight, and new sliding glass door that leads out to the entertaining backyard. You’ll enjoy cooking and sharing future meals in the kitchen that offers a dining area. The master bedroom features carpet flooring, crown molding, recessed lighting, cedar-lined walk-in closet, and a remodeled master bathroom with tile flooring, Kohler toilet and sink, and a custom medicine cabinet behind the mirror. This home is complete with 2 secondary bedrooms, remodeled hall bathroom, and 2-car attached garage with extra storage space. Your new backyard will be the perfect area to lounge, relax, and entertain family and friends, while enjoying the in-ground pool and spa. Its desirable location puts this home near the Azusa Greens Country Club, shopping centers, restaurants, and several parks. Ready to call this house your new home? Give us a call today for more details before this wonderful home!

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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: Azusa

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450k500k550k600kPrice in $150k622k

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

Neighborhood: Azusa

NeighborhoodNIR Market*CityMarket2010Year2000 Q42019 Q214001600180020002200240026002800Rent in $13812941

* 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
Victor Hodge Elementary School Primary Regular 660 28 5
Slauson Middle School Middle Regular 782 33 3
Azusa High School High Regular 1,393 65 5

Victor Hodge Elementary School

  • Education Level: Primary
  • # of students: 660
  • # of teachers: 28
5
GreatSchools Rating

Slauson Middle School

  • Education Level: Middle
  • # of students: 782
  • # of teachers: 33
3
GreatSchools Rating

Azusa High School

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

$539,100$658,900$599,000

PURCHASE PRICE

$2,088$2,552$2,320

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,320
EXPENSES Loan Payment -$2,210
Property Tax -$632
Property Insurance -$57
Property Management Fees -$114
CASH FLOW
-$692

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.

$599,000

PROJECTED PRICE

$2,320

PROJECTED RENT

0.39%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.35%
Appreciation Year (1-5) 7.6%
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

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$164,485

INVESTMENT

$164,485

Down Payment
$149,750
Rehab Estimate
$5,750
Closing Costs
$8,985

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,210

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $149,750
Loan Amount $449,250
See What Happens When You Reinvest Cash Flow

1.08

YEARS SAVED

$3,218

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,320

    LIST RENT
  • $1.88

    LIST RENT PER SQFT
  • $2,394

    COMP ESTIMATED VALUE
  • $1.94

    COMP AVG. RENT PER SQFT
Comps Range
$2,320
1$2,3202$2,4503$2,5004$2,5505$2,600
$2,600
RENT COMPS ANALYSIS
  • 1370 N Brian Avenue Azusa, CA 1
    • 3 beds 1 baths ∙ 1,231 Sqft ∙ Built 1970 3 beds 1 baths ∙ 1,231 Sqft ∙ Built 1970
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,320
    • $1.88
    •  
  • 381 W Pebble Beach Lane Azusa, CA 2
    • 3 beds 2 baths ∙ 1,266 Sqft ∙ Built 1973 3 beds 2 baths ∙ 1,266 Sqft ∙ Built 1973
    property image
    LEASED 09/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,450
    • $1.94
    •  
  • 1809 Canyon View Drive Azusa, CA 3
    • 3 beds 3 baths ∙ 1,250 Sqft ∙ Built 1988 3 beds 3 baths ∙ 1,250 Sqft ∙ Built 1988
    property image
    LEASED 08/23/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $2.00
    •  
  • 1214 N Azusa Avenue Azusa, CA 4
    • 3 beds 2 baths ∙ 1,255 Sqft ∙ Built 1953 3 beds 2 baths ∙ 1,255 Sqft ∙ Built 1953
    property image
    LEASED 01/22/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,550
    • $2.03
    •  
  • 1227 N Pasadena Avenue Azusa, CA 5
    • 3 beds 2 baths ∙ 1,437 Sqft ∙ Built 1960 3 beds 2 baths ∙ 1,437 Sqft ∙ Built 1960
    property image
    LEASED 06/29/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,600
    • $1.81
    •  
PROPERTY LISTING DETAILS
Marty Rodriguez
Century 21 Marty Rodriguez
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: CV20209575
Last Updated: 10/28/2020
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