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14905 Central Avenue Baldwin Park, CA 91706

4 Beds 2 Baths 1,610 sqft Built 1954

$599,000

List Price

$2,700

$2.5K - $3K

Rent Est.

PROPERTY INFO

November 14, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1954
  • Price/Sqft : $372.05
  • 3 Days on Market
  • MLS # : 20659664
  • Updated Date : 11/14/2020 at 06:08
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,610 sqft
  • Baths : 2 full
Listing Agent

Beverly And Company, Inc.

Listing Agent's Description

Location, Location, Location! Sunny Spanish-style house neighboring West Covina. ~5832 Sq Ft of lot size and ~1610 Sq Ft of living space - 4 Bedrooms and 2 full bathrooms house. Spacious modern living room with wood- burning fireplace.Convenient lay-out. Open-floor space, upgraded eat-in kitchen, granite countertops, kitchen island, butler's pantry, and stainless steel appliances. Soft transition from kitchen hub to spacious family room, following covered patio with outdoor kitchen, BBQ Grill ,stoned Island and garden fountain. Hardwood/ laminate and tile flooring throughout house. Smooth ceilings, recessed lighting, and ceiling fans. Most of windows are energy efficient, copper plumbing, new water heater, and separate laundry room with hook-up. New Central AC. Two-car garage. New concrete driveway, gated front yard, and landscaped both yards. Refrigerators, cook top, Outdoor BBQ Grill are included in sale.Located nearby Plaza West Covina, schools, I-10, Metrolink, and Porto's Ba

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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: 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
Central Elementary School Primary Regular 534 22 3
Jones Junior High School Middle Regular 483 22 4
Baldwin Park High School High Regular 1,979 79 6

Central Elementary School

  • Education Level: Primary
  • # of students: 534
  • # of teachers: 22
3
GreatSchools Rating

Jones Junior High School

  • Education Level: Middle
  • # of students: 483
  • # of teachers: 22
4
GreatSchools Rating

Baldwin Park High School

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

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

PURCHASE PRICE

$2,430$2,970$2,700

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,700
EXPENSES Loan Payment -$2,210
Property Tax -$656
Property Insurance -$66
Property Management Fees -$132
CASH FLOW
-$365

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

$2,700

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$500k$1.0M$1.5M$2.0M

PROJECTED ANNUAL CASH FLOW

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

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 55% 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

3.42

YEARS SAVED

$20,361

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,700

    LIST RENT
  • $1.68

    LIST RENT PER SQFT
  • $2,773

    COMP ESTIMATED VALUE
  • $1.72

    COMP AVG. RENT PER SQFT
Comps Range
$2,400
1$2,4002$2,5803$2,6504$2,7005$2,700
$2,700
RENT COMPS ANALYSIS
  • 14905 Central Avenue Baldwin Park, CA 5
    • 4 beds 2 baths ∙ 1,610 Sqft ∙ Built 1954 4 beds 2 baths ∙ 1,610 Sqft ∙ Built 1954
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,700
    • $1.68
    •  
  • 1901 W Devers Street West Covina, CA 1
    • 3 beds 1 baths ∙ 1,402 Sqft ∙ Built 1960 3 beds 1 baths ∙ 1,402 Sqft ∙ Built 1960
    property image
    LEASED 09/02/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,400
    • $1.71
    •  
  • 14835 Clydewood Street Baldwin Park, CA 2
    • 3 beds 2 baths ∙ 1,529 Sqft ∙ Built 1949 3 beds 2 baths ∙ 1,529 Sqft ∙ Built 1949
    property image
    LEASED 08/04/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,580
    • $1.69
    •  
  • 2516 W Havenbrook Street West Covina, CA 3
    • 3 beds 1 baths ∙ 1,432 Sqft ∙ Built 1947 3 beds 1 baths ∙ 1,432 Sqft ∙ Built 1947
    property image
    LEASED 05/04/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,650
    • $1.85
    •  
  • 225 N Broadmoor Avenue West Covina, CA 4
    • 3 beds 1 baths ∙ 1,642 Sqft ∙ Built 1952 3 beds 1 baths ∙ 1,642 Sqft ∙ Built 1952
    property image
    LEASED 10/07/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,700
    • $1.64
    •  
PROPERTY LISTING DETAILS
Yelena Mun
Beverly And Company, Inc.
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: 20659664
Last Updated: 11/14/2020
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