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3221 Vineland Avenue #48 Baldwin Park, CA 91706

3 Beds 3 Baths 1,168 sqft Built 1984

$470,000

List Price

$2,080

$1.9K - $2.3K

Rent Est.

PROPERTY INFO

November 28, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1984
  • Price/Sqft : $402.40
  • 2 Days on Market
  • MLS # : CV20247761
  • Updated Date : 11/28/2020 at 12:33
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,168 sqft
  • Baths : 2 full , 1 half
Listing Agent

So Cal Realty & Loans

Listing Agent's Description

Location location location!! This PUD is right off the freeway, but you far enough so you won't hear it. Located in the beautiful city of baldwin park, 15 minutes from downtown. So close to the metro, you can easily take to downtown. This home has 3 beds and 2.5 baths. .5 bath downstairs, and all the beds and other 2 baths up. Spacious living room has room to entertain. Galley kitchen leads out to the 2 car garage, and has a view of the backyard. Backyard big enough for outdoor kitchen and living area. Don't miss this opportunity, lowest price in the association. Association offers a large pool with clubhouse, low HOA! Don't miss this one!!

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MARKET HIGHLIGHTS

  • 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]
  • 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)

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
 

$423,000$517,000$470,000

PURCHASE PRICE

$1,872$2,288$2,080

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,080
EXPENSES Loan Payment -$1,734
Property Tax -$515
Property Insurance -$55
HOA -$160
Property Management Fees -$102
CASH FLOW
-$486

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.

$470,000

PROJECTED PRICE

$2,080

PROJECTED RENT

0.44%

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

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$130,300

INVESTMENT

$130,300

Down Payment
$117,500
Rehab Estimate
$5,750
Closing Costs
$7,050

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,734

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $117,500
Loan Amount $352,500
See What Happens When You Reinvest Cash Flow

1.42

YEARS SAVED

$3,777

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,080

    LIST RENT
  • $1.78

    LIST RENT PER SQFT
  • $2,231

    COMP ESTIMATED VALUE
  • $1.91

    COMP AVG. RENT PER SQFT
Comps Range
$2,050
1$2,0502$2,0803$2,1004$2,1505$2,500
$2,500
RENT COMPS ANALYSIS
  • 3221 Vineland Avenue Baldwin Park, CA 2
    • 3 beds 3 baths ∙ 1,168 Sqft ∙ Built 1984 3 beds 3 baths ∙ 1,168 Sqft ∙ Built 1984
    • Rent
    • Rent Per SQFT
    •  
    • $2,080
    • $1.78
    •  
  • 12828 Ramona Blvd. #37 Baldwin Park, CA 1
    • 3 beds 2 baths ∙ 1,057 Sqft ∙ Built 1983 3 beds 2 baths ∙ 1,057 Sqft ∙ Built 1983
    LEASED 08/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,050
    • $1.94
    •  
  • 13502 Tracy Street Baldwin Park, CA 3
    • 3 beds 2 baths ∙ 1,076 Sqft ∙ Built 1983 3 beds 2 baths ∙ 1,076 Sqft ∙ Built 1983
    LEASED 11/05/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,100
    • $1.95
    •  
  • 13751 Los Angeles Street Baldwin Park, CA 4
    • 3 beds 1 baths ∙ 1,142 Sqft ∙ Built 1981 3 beds 1 baths ∙ 1,142 Sqft ∙ Built 1981
    LEASED 01/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,150
    • $1.88
    •  
  • 4518 Jerry Avenue Baldwin Park, CA 5
    • 3 beds 2 baths ∙ 1,340 Sqft ∙ Built 1968 3 beds 2 baths ∙ 1,340 Sqft ∙ Built 1968
    LEASED 11/09/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $1.87
    •  
PROPERTY LISTING DETAILS
Alfonso Vasquez
So Cal Realty & Loans
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: CV20247761
Last Updated: 11/28/2020
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