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3225 Big Dalton Avenue Baldwin Park, CA 91706

3 Beds 2 Baths 1,229 sqft Built 1964

$500,000

List Price

$2,450

$2.2K - $2.7K

Rent Est.

PROPERTY INFO

80% chance this property will be sold within the next 20 days HOT INVESTMENT
December 12, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1964
  • Price/Sqft : $406.83
  • 3 Days on Market
  • MLS # : TR20256223
  • Updated Date : 12/11/2020 at 18:55
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,229 sqft
  • Baths : 2 full
Listing Agent

Realty Masters & Associates

Listing Agent's Description

Baldwin Park hidden gem! This charming home offers, a open kitchen with standard cabintes, and counter tops. There is a spacious Masterbed room and 2 guest bedrooms. Located within walking distance to neighborhood shopping, schools, public transportation and with easy freeway access! Attached Two Car Garage, Paved Driveway, and Open Patio Area at the side yard. This home has unlimited potential and is one of THE best values in Baldwin Park. This home will sell fast!

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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: 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
 

$450,000$550,000$500,000

PURCHASE PRICE

$2,205$2,695$2,450

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,450
EXPENSES Loan Payment -$1,845
Property Tax -$548
Property Insurance -$57
Property Management Fees -$120
CASH FLOW
-$119

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.

$500,000

PROJECTED PRICE

$2,450

PROJECTED RENT

0.49%

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$138,250

INVESTMENT

$138,250

Down Payment
$125,000
Rehab Estimate
$5,750
Closing Costs
$7,500

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 50% down payment or higher enables the proceeds from the asset to cover all costs.

$1,845

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $125,000
Loan Amount $375,000
See What Happens When You Reinvest Cash Flow

5.42

YEARS SAVED

$34,181

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,450

    LIST RENT
  • $1.99

    LIST RENT PER SQFT
  • $2,458

    COMP ESTIMATED VALUE
  • $2

    COMP AVG. RENT PER SQFT
Comps Range
$2,100
1$2,1002$2,1003$2,4504$2,5005$2,500
$2,500
RENT COMPS ANALYSIS
  • 3225 Big Dalton Avenue Baldwin Park, CA 3
    • 3 beds 2 baths ∙ 1,229 Sqft ∙ Built 1964 3 beds 2 baths ∙ 1,229 Sqft ∙ Built 1964
    • Rent
    • Rent Per SQFT
    •  
    • $2,450
    • $1.99
    •  
  • 2233 W Havenbrook Street West Covina, CA 1
    • 3 beds 1 baths ∙ 1,108 Sqft ∙ Built 1951 3 beds 1 baths ∙ 1,108 Sqft ∙ Built 1951
    LEASED 06/16/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,100
    • $1.90
    •  
  • 13502 Tracy Street Baldwin Park, CA 2
    • 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
    •  
  • 1136 Vineland Avenue La Puente, CA 4
    • 4 beds 2 baths ∙ 1,246 Sqft ∙ Built 1955 4 beds 2 baths ∙ 1,246 Sqft ∙ Built 1955
    LEASED 04/25/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $2.01
    •  
  • 3221 Vineland Avenue Baldwin Park, CA 5
    • 3 beds 3 baths ∙ 1,168 Sqft ∙ Built 1984 3 beds 3 baths ∙ 1,168 Sqft ∙ Built 1984
    LEASED 08/23/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $2.14
    •  
PROPERTY LISTING DETAILS
Johnnie Sosa
Realty Masters & Associates
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: TR20256223
Last Updated: 12/11/2020
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