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241 N Angeleno Avenue Azusa, CA 91702

3 Beds 1 Baths 1,359 sqft Built 1947

$565,998

List Price

$2,250

$2K - $2.5K

Rent Est.

PROPERTY INFO

December 10, 2020 RECENTLY ADDED
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

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
Mountain View Elementary School Primary Regular 420 18 3
Slauson Middle School Middle Regular 782 33 3
Gladstone High School High Regular 1,217 55 6

Mountain View Elementary School

  • Education Level: Primary
  • # of students: 420
  • # of teachers: 18
3
GreatSchools Rating

Slauson Middle School

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

Gladstone High School

  • Education Level: High
  • # of students: 1,217
  • # of teachers: 55
6
GreatSchools Rating
 

$509,398$622,598$565,998

PURCHASE PRICE

$2,025$2,475$2,250

RENT

DOWN PAYMENT
FINANCING

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

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$155,739

INVESTMENT

$155,739

Down Payment
$141,500
Rehab Estimate
$5,750
Closing Costs
$8,490

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,088

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $141,500
Loan Amount $424,499
See What Happens When You Reinvest Cash Flow

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
$2,250
1$2,2502$2,2503$2,6004$2,6005$2,800
$2,800
RENT COMPS ANALYSIS
  • 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
Michael Gracia
The Real Estate Shoppe
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: SW20255038
Last Updated: 12/12/2020
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