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3118 Vineland Avenue Baldwin Park, CA 91706

3 Beds 3 Baths 1,505 sqft Built 1992

$550,000

List Price

$2,540

$2.3K - $2.8K

Rent Est.

PROPERTY INFO

November 12, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1992
  • Price/Sqft : $365.45
  • 4 Days on Market
  • MLS # : CV20238241
  • Updated Date : 11/12/2020 at 09:12
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,505 sqft
  • Baths : 3 full
Listing Agent

Southern Pacific Mortgage

Listing Agent's Description

upgraded 3 bedroom,2.5 bath, open floor plan, gated community, Mirror closets,Granite counter top kitchen and baths, wood and carpet flooring. Living and dining room combo. nice kitchen,open floor plan. Close to freeway 605 & 10 freeway.Close to schools, transportation,& shopping mall, small gated community.

SEE MORE

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
Foster Elementary School Primary Regular 703 32 5
Foster Elementary School Middle Regular 703 32 5
Baldwin Park High School High Regular 1,979 79 6

Foster Elementary School

  • Education Level: Primary
  • # of students: 703
  • # of teachers: 32
5
GreatSchools Rating

Foster Elementary School

  • Education Level: Middle
  • # of students: 703
  • # of teachers: 32
5
GreatSchools Rating

Baldwin Park High School

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

$495,000$605,000$550,000

PURCHASE PRICE

$2,286$2,794$2,540

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,540
EXPENSES Loan Payment -$2,029
Property Tax -$603
Property Insurance -$63
HOA -$65
Property Management Fees -$124
CASH FLOW
-$345

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.

$550,000

PROJECTED PRICE

$2,540

PROJECTED RENT

0.46%

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$1.8M

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$151,500

INVESTMENT

$151,500

Down Payment
$137,500
Rehab Estimate
$5,750
Closing Costs
$8,250

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,029

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $137,500
Loan Amount $412,500
See What Happens When You Reinvest Cash Flow

3.33

YEARS SAVED

$17,523

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,540

    LIST RENT
  • $1.69

    LIST RENT PER SQFT
  • $2,551

    COMP ESTIMATED VALUE
  • $1.7

    COMP AVG. RENT PER SQFT
Comps Range
$2,300
1$2,3002$2,3503$2,5404$2,5805$2,700
$2,700
RENT COMPS ANALYSIS
  • 3118 Vineland Avenue Baldwin Park, CA 3
    • 3 beds 3 baths ∙ 1,505 Sqft ∙ Built 1992 3 beds 3 baths ∙ 1,505 Sqft ∙ Built 1992
    • Rent
    • Rent Per SQFT
    •  
    • $2,540
    • $1.69
    •  
  • 13502 Francisquito Avenue Baldwin Park, CA 1
    • 3 beds 3 baths ∙ 1,344 Sqft ∙ Built 1983 3 beds 3 baths ∙ 1,344 Sqft ∙ Built 1983
    LEASED 11/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,300
    • $1.71
    •  
  • 13492 Ramona Pkwy Baldwin Park, CA 2
    • 3 beds 3 baths ∙ 1,478 Sqft ∙ Built 1981 3 beds 3 baths ∙ 1,478 Sqft ∙ Built 1981
    LEASED 05/05/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,350
    • $1.59
    •  
  • 3815 Foster Avenue Baldwin Park, CA 4
    • 3 beds 3 baths ∙ 1,510 Sqft ∙ Built 1989 3 beds 3 baths ∙ 1,510 Sqft ∙ Built 1989
    LEASED 04/29/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,580
    • $1.71
    •  
  • 3134 Vineland Baldwin Park, CA 5
    • 4 beds 3 baths ∙ 1,527 Sqft ∙ Built 1992 4 beds 3 baths ∙ 1,527 Sqft ∙ Built 1992
    LEASED 05/31/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,700
    • $1.77
    •  
PROPERTY LISTING DETAILS
Ehteshamuddi Ahmed
Southern Pacific Mortgage
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: CV20238241
Last Updated: 11/12/2020
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