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

14811 Los Angeles Street Baldwin Park, CA 91706

3 Beds 1 Baths 916 sqft Built 1958

$489,000

List Price

$2,180

$2K - $2.4K

Rent Est.

PROPERTY INFO

January 02, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1958
  • Price/Sqft : $533.84
  • 3 Days on Market
  • MLS # : WS21000046
  • Updated Date : 01/01/2021 at 09:43
CONSTRUCTION
  • Beds : 3
  • Floor Size : 916 sqft
  • Baths : 1 full
Listing Agent

Pacific Asia Grp Rlty, Inc.

Listing Agent's Description

GIANT LOT! CHARMING 3 BEDROOM, 1 BATH, DINING AREA, KITCHEN AND HALLWAY, LAUNDRY HOOK UPS AT OUTSIDE OF COVERDED PATIO. LOADS OF POTENTIAL, HUGE BACKYARD (10,198 SQFT.) FOR ENTERTAING, LOCATED IN THE HEART OF BALDWIN PARK, NEAR SCHOOLS, SHOPPING AND EASY ACCESS TO FWYS 210,10, & 605

SEE MORE

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: 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
Ernest R. Geddes Elementary School Primary Regular 703 33 3
Holland Middle School Middle Regular 547 24 4
Baldwin Park High School High Regular 1,979 79 6

Ernest R. Geddes Elementary School

  • Education Level: Primary
  • # of students: 703
  • # of teachers: 33
3
GreatSchools Rating

Holland Middle School

  • Education Level: Middle
  • # of students: 547
  • # of teachers: 24
4
GreatSchools Rating

Baldwin Park High School

  • Education Level: High
  • # of students: 1,979
  • # of teachers: 79
6
GreatSchools Rating
 

$440,100$537,900$489,000

PURCHASE PRICE

$1,962$2,398$2,180

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,180
EXPENSES Loan Payment -$1,804
Property Tax -$536
Property Insurance -$49
Property Management Fees -$107
CASH FLOW
-$316

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.

$489,000

PROJECTED PRICE

$2,180

PROJECTED RENT

0.45%

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

PROJECTED ANNUAL CASH FLOW

11530-$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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$135,335

INVESTMENT

$135,335

Down Payment
$122,250
Rehab Estimate
$5,750
Closing Costs
$7,335

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 55% down payment or higher enables the proceeds from the asset to cover all costs.

$1,804

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $122,250
Loan Amount $366,750
See What Happens When You Reinvest Cash Flow

3.25

YEARS SAVED

$15,211

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,180

    LIST RENT
  • $2.38

    LIST RENT PER SQFT
  • $1,974

    COMP ESTIMATED VALUE
  • $2.16

    COMP AVG. RENT PER SQFT
Comps Range
$2,180
1$2,1802$2,3003$2,3504$2,4005$2,500
$2,500
RENT COMPS ANALYSIS
  • 14811 Los Angeles Street Baldwin Park, CA 1
    • 3 beds 1 baths ∙ 916 Sqft ∙ Built 1958 3 beds 1 baths ∙ 916 Sqft ∙ Built 1958
    • Rent
    • Rent Per SQFT
    •  
    • $2,180
    • $2.38
    •  
  • 4142 N Yaleton Avenue Covina, CA 2
    • 3 beds 2 baths ∙ 1,100 Sqft ∙ Built 1950 3 beds 2 baths ∙ 1,100 Sqft ∙ Built 1950
    LEASED 10/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,300
    • $2.09
    •  
  • 14537 Chilcot Street Baldwin Park, CA 3
    • 3 beds 2 baths ∙ 1,057 Sqft ∙ Built 1964 3 beds 2 baths ∙ 1,057 Sqft ∙ Built 1964
    LEASED 09/19/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,350
    • $2.22
    •  
  • 15134 Navilla Place Baldwin Park, CA 4
    • 3 beds 2 baths ∙ 1,103 Sqft ∙ Built 1950 3 beds 2 baths ∙ 1,103 Sqft ∙ Built 1950
    LEASED 08/26/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,400
    • $2.18
    •  
  • 14023 Ohio Street Baldwin Park, CA 5
    • 3 beds 2 baths ∙ 1,174 Sqft ∙ Built 1947 3 beds 2 baths ∙ 1,174 Sqft ∙ Built 1947
    LEASED 11/16/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $2.13
    •  
PROPERTY LISTING DETAILS
James Sek
Pacific Asia Grp Rlty, Inc.
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: WS21000046
Last Updated: 01/01/2021
BESbswy