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320 N Soldano Avenue Azusa, CA 91702

3 Beds 1 Baths 1,060 sqft Built 1995

$460,000

List Price

$1,920

$1.7K - $2.1K

Rent Est.

PROPERTY INFO

February 01, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1995
  • Price/Sqft : $433.96
  • 8 Days on Market
  • MLS # : SB21020380
  • Updated Date : 02/05/2021 at 05:15
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,060 sqft
  • Baths : 1 full
Listing Agent

Premier Capital And Investment

Listing Agent's Description

R3 - R3 - R3. Property is 3 bedrooms and 1 bath. Already has built in additional rooms with additional bathroom with independent entrance. Property is sitting in a very big lot, completely flat and usable to the last square inch. Long driveway can accomodate several vehicles. Ideal house for extended family. According to zoning 3 units can be built in this lot. Similar properties with are already built with multiple units in the neighborhood with two stories structures. This is a great opportunity to live in one and rent the others that already exist or could be built in the future.

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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: 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
Charles Lee Elementary School Primary Regular 350 17 6
Foothill Middle School Middle Regular 589 29 3
Azusa High School High Regular 1,393 65 5

Charles Lee Elementary School

  • Education Level: Primary
  • # of students: 350
  • # of teachers: 17
6
GreatSchools Rating

Foothill Middle School

  • Education Level: Middle
  • # of students: 589
  • # of teachers: 29
3
GreatSchools Rating

Azusa High School

  • Education Level: High
  • # of students: 1,393
  • # of teachers: 65
5
GreatSchools Rating
 

$414,000$506,000$460,000

PURCHASE PRICE

$1,728$2,112$1,920

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,920
EXPENSES Loan Payment -$1,598
Property Tax -$485
Property Insurance -$53
Property Management Fees -$99
CASH FLOW
-$315

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.

$460,000

PROJECTED PRICE

$1,920

PROJECTED RENT

0.42%

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

PROJECTED ANNUAL CASH FLOW

11530-$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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$127,650

INVESTMENT

$127,650

Down Payment
$115,000
Rehab Estimate
$5,750
Closing Costs
$6,900

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,598

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $115,000
Loan Amount $345,000
See What Happens When You Reinvest Cash Flow

2.67

YEARS SAVED

$9,616

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,920

    LIST RENT
  • $1.81

    LIST RENT PER SQFT
  • $1,940

    COMP ESTIMATED VALUE
  • $1.83

    COMP AVG. RENT PER SQFT
Comps Range
$1,920
1$1,9202$2,1503$2,5004$2,500
$2,500
RENT COMPS ANALYSIS
  • 320 N Soldano Avenue Azusa, CA 1
    • 3 beds 1 baths ∙ 1,060 Sqft ∙ Built 1995 3 beds 1 baths ∙ 1,060 Sqft ∙ Built 1995
    • Rent
    • Rent Per SQFT
    •  
    • $1,920
    • $1.81
    •  
  • 648 S Azusa Avenue Azusa, CA 2
    • 3 beds 3 baths ∙ 1,277 Sqft ∙ Built 1981 3 beds 3 baths ∙ 1,277 Sqft ∙ Built 1981
    LEASED 10/31/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,150
    • $1.68
    •  
  • 1809 Canyon View Drive Azusa, CA 3
    • 3 beds 3 baths ∙ 1,250 Sqft ∙ Built 1988 3 beds 3 baths ∙ 1,250 Sqft ∙ Built 1988
    LEASED 08/23/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $2.00
    •  
  • 912 N Alameda Avenue Azusa, CA 4
    • 3 beds 2 baths ∙ 1,379 Sqft ∙ Built 2014 3 beds 2 baths ∙ 1,379 Sqft ∙ Built 2014
    LEASED 10/13/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $1.81
    •  
PROPERTY LISTING DETAILS
Amador Cruz
Premier Capital And Investment
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: SB21020380
Last Updated: 02/05/2021
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