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PROPERTY INFO
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
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Baldwin Park
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
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
| 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
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$130,300
LOAN DETAILS
$1,734
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $117,500 |
| Loan Amount | $352,500 |
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
-
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
So Cal Realty & Loans
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
MLS #: CV20247761
Last Updated: 11/28/2020
