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PROPERTY INFO
FACTS
- Single Family
- Built In 1947
- Price/Sqft : $416.48
- 4 Days on Market
- MLS # : SW20255038
- Updated Date : 12/12/2020 at 20:49
CONSTRUCTION
- Beds : 3
- Floor Size : 1,359 sqft
- Baths : 1 full
Listing Agent
The Real Estate Shoppe
Listing Agent's Description
BEAUTIFUL FAMILY HOME NESTLED IN THE HEART OF AZUSA. THIS 3 BEDROOM 2 BATH HOME HAS BEEN REMODELED. THE LIVING ROOM IS BRIGHT & AIRY & FEATURES CROWN MOULDING AS WELL AS UPDATED FLOORING. THE CUSTOM KITCHEN FEATURES UPDATED CABINETRY, GRANITE COUNTERTOPS, A REVERSE OSMOSIS SYSTEM, NEWER APPLIANCES, RECESSED LIGHTING, TILED FLOORS & INDOOR LAUNDRY AREA. THERE'S ALSO BREAKFAST NOOK PERFECT FOR RELAXING WHILE ENJOYING A MEAL. THE BEDROOMS ARE GOOD SIZED. THE MASTER BEDROOM IS LARGE & FEATURES A FIREPLACE FOR THOSE CHILLY NIGHTS, AS WELL AS A SLIDER, LEADING OUT TO A PICTURESQUE BACKYARD. THE MASTER BATHROOM IS SPACIOUS & FEATURES A CUSTOM TILED WALK-IN SHOWER. THE BACKYARD FEATURES A LARGE OPEN PATIO AREA WHICH MAKES IS GREAT FOR ENTERTAINING. THE LONG DRIVEWAY LEADS TO A 2 CAR GARAGE. THIS HOME IS CENTRALLY LOCATED NEAR A PARK, SCHOOL, FWY., AS WELL AS MANY SHOPS & RESTAURANTS. BUYER TO VERIFY ALL PERMITS/ADDITIONS.
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MARKET HIGHLIGHTS
- 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)
- 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]
PRICE & RENT TRENDS
Neighborhood: Azusa
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Azusa
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $2,250 |
| EXPENSES | Loan Payment | -$2,088 |
| Property Tax | -$597 | |
| Property Insurance | -$60 | |
| Property Management Fees | -$110 | |
|
CASH FLOW
-$605
|
||
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.
$565,998
PROJECTED PRICE
$2,250
PROJECTED RENT
0.40%
PROJECTED RENT / PRICE RATIO
| 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
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$155,739
LOAN DETAILS
$2,088
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $141,500 |
| Loan Amount | $424,499 |
1.42
YEARS SAVED
$4,565
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$2,250
LIST RENT -
$1.66
LIST RENT PER SQFT
-
$2,531
COMP ESTIMATED VALUE -
$1.86
COMP AVG. RENT PER SQFT
Comps Range
-
241 N Angeleno Avenue Azusa, CA 2
- 3 beds 1 baths ∙ 1,359 Sqft ∙ Built 1947 3 beds 1 baths ∙ 1,359 Sqft ∙ Built 1947
![property image]()
- Rent
- Rent Per SQFT
- $2,250
- $1.66
-
18319 E Nearfield Street Azusa, CA 1
- 3 beds 2 baths ∙ 1,302 Sqft ∙ Built 1954 3 beds 2 baths ∙ 1,302 Sqft ∙ Built 1954
![property image]()
LEASED 06/24/19- Rent
- Rent Per SQFT
- $2,250
- $1.73
-
1227 N Pasadena Avenue Azusa, CA 3
- 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
-
211 S Cerritos Avenue Azusa, CA 4
- 3 beds 1 baths ∙ 1,300 Sqft ∙ Built 1952 3 beds 1 baths ∙ 1,300 Sqft ∙ Built 1952
![property image]()
LEASED 01/30/20- Rent
- Rent Per SQFT
- $2,600
- $2.00
-
5921 Cedarglen Drive Azusa, CA 5
- 4 beds 2 baths ∙ 1,468 Sqft ∙ Built 1955 4 beds 2 baths ∙ 1,468 Sqft ∙ Built 1955
![property image]()
LEASED 08/17/19- Rent
- Rent Per SQFT
- $2,800
- $1.91
PROPERTY LISTING DETAILS
The Real Estate Shoppe
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
MLS #: SW20255038
Last Updated: 12/12/2020
