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15120 Badillo Street #F Baldwin Park, CA 91706

4 Beds 4 Baths 2,120 sqft Built 2019

$699,000

List Price

$2,980

$2.7K - $3.2K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 17, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2019
  • Price/Sqft : $329.72
  • 6 Days on Market
  • MLS # : 21706526
  • Updated Date : 03/16/2021 at 21:57
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,120 sqft
  • Baths : 3 full , 1 half
Listing Agent

Judy Graff Properties

Listing Agent's Description

Enjoy spacious living in this spectacular condo in the heart of Baldwin Park. With 4 beds and 3.5 baths, step into the open concept living space of this 2,100SF residence that boasts a 2nd-story private balcony and recently upgraded work throughout since it was built in 2019. The fully remodeled kitchen features recessed lighting, designer-selected cabinetry, quartz countertops and backsplash, functional island with seating, and like-new Frigidaire Gallery series appliances. From Sputnik chandeliers to custom plantation shutters, you'll appreciate curated details in every room. Enter the Main Bedroom and find a lofty walk-in closet, updated ceiling fan, and en-suite bath with private commode room and oversized tub/shower combo for ultimate relaxation. Added amenities include laminate wood flooring, central A/C and heating, updated electrical to 200 amps, recessed lighting in the living room and bathrooms, 220-volt outlet for electric vehicle charging in the 2-car garage, and much, much more. Centrally located near Arcadia and San Gabriel Valley, Badillo Street is right by In-N-Out, Superior Grocers, King Taco, and conveniently between the 10 and 210 freeway. Video and 3D MatterPort Tour below.

SEE MORE

MARKET HIGHLIGHTS

  • Southern California's economy is worth $1.58 trillion in Gross Metro Product and projected to grow to $1.67 trillion (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)
  • 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)
  • 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)
  • 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]
  • 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)

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
Jones Junior High School Middle Regular 483 22 4
Baldwin Park High School High Regular 1,979 79 6

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
 

$629,100$768,900$699,000

PURCHASE PRICE

$2,682$3,278$2,980

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,980
EXPENSES Loan Payment -$2,428
Property Tax -$766
Property Insurance -$78
HOA -$250
Property Management Fees -$146
CASH FLOW
-$689

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.

$699,000

PROJECTED PRICE

$2,980

PROJECTED RENT

0.43%

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-$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$190,985

INVESTMENT

$190,985

Down Payment
$174,750
Rehab Estimate
$5,750
Closing Costs
$10,485

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,428

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $174,750
Loan Amount $524,250
See What Happens When You Reinvest Cash Flow

1.33

YEARS SAVED

$4,355

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,980

    LIST RENT
  • $1.41

    LIST RENT PER SQFT
  • $2,973

    COMP ESTIMATED VALUE
  • $1.4

    COMP AVG. RENT PER SQFT
Comps Range
$2,750
1$2,7502$2,8003$2,8504$2,9805$3,000
$3,000
RENT COMPS ANALYSIS
  • 15120 Badillo Street Baldwin Park, CA 4
    • 4 beds 4 baths ∙ 2,120 Sqft ∙ Built 2019 4 beds 4 baths ∙ 2,120 Sqft ∙ Built 2019
    • Rent
    • Rent Per SQFT
    •  
    • $2,980
    • $1.41
    •  
  • 1802 W Kenoak Drive West Covina, CA 1
    • 4 beds 3 baths ∙ 1,938 Sqft ∙ Built 2005 4 beds 3 baths ∙ 1,938 Sqft ∙ Built 2005
    LEASED 02/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,750
    • $1.42
    •  
  • 15007 Nubia Street Baldwin Park, CA 2
    • 4 beds 2 baths ∙ 1,930 Sqft ∙ Built 2006 4 beds 2 baths ∙ 1,930 Sqft ∙ Built 2006
    LEASED 06/11/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,800
    • $1.45
    •  
  • 1810 W Kenoak Drive West Covina, CA 3
    • 4 beds 3 baths ∙ 2,042 Sqft ∙ Built 2005 4 beds 3 baths ∙ 2,042 Sqft ∙ Built 2005
    LEASED 10/08/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,850
    • $1.40
    •  
  • 16092 E. San Bernardino Rd. Covina, CA 5
    • 4 beds 3 baths ∙ 2,247 Sqft ∙ Built 2017 4 beds 3 baths ∙ 2,247 Sqft ∙ Built 2017
    LEASED 07/16/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,000
    • $1.34
    •  
PROPERTY LISTING DETAILS
Fedora Wu
Judy Graff Properties
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: 21706526
Last Updated: 03/16/2021
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