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3414 Patritti Avenue Baldwin Park, CA 91706

4 Beds 2 Baths 1,200 sqft Built 1952

$520,000

List Price

$2,400

$2.2K - $2.6K

Rent Est.

PROPERTY INFO

November 13, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1952
  • Price/Sqft : $433.33
  • 4 Days on Market
  • MLS # : MB20238752
  • Updated Date : 11/13/2020 at 14:44
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,200 sqft
  • Baths : 2 full
Listing Agent

Realty World California Properties

Listing Agent's Description

Just in time for the Holidays.....Start off the new year with a new Home!!! You will love this unique property, home features 2 spacious bedrooms 1 bath in the front home and 2 bedrooms, 1 bathroom in the rear with direct access to the pool. Plenty of privacy, with block walls and fencing surrounding the home. You will find a great deal of parking space, with the long driveway which opens up to the backyard through the wooden fencing. Convenience of individual room for laundry area where both units have access. Good sized backyard, great for entertaining and enjoying those sunny California days around the sparkling pool. Centrally located and minutes from local Barnes Park, as well as access to the 10 and 605 Freeways.

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
Elwin Elementary School Primary Regular 465 19 3
Sierra Vista Junior High School Middle Regular 766 29 5
Sierra Vista High School High Regular 2,026 84 5

Elwin Elementary School

  • Education Level: Primary
  • # of students: 465
  • # of teachers: 19
3
GreatSchools Rating

Sierra Vista Junior High School

  • Education Level: Middle
  • # of students: 766
  • # of teachers: 29
5
GreatSchools Rating

Sierra Vista High School

  • Education Level: High
  • # of students: 2,026
  • # of teachers: 84
5
GreatSchools Rating
 

$468,000$572,000$520,000

PURCHASE PRICE

$2,160$2,640$2,400

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,400
EXPENSES Loan Payment -$1,919
Property Tax -$572
Property Insurance -$56
Property Management Fees -$118
CASH FLOW
-$264

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.

$520,000

PROJECTED PRICE

$2,400

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$143,550

INVESTMENT

$143,550

Down Payment
$130,000
Rehab Estimate
$5,750
Closing Costs
$7,800

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,919

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $130,000
Loan Amount $390,000
See What Happens When You Reinvest Cash Flow

3.83

YEARS SAVED

$21,955

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,400

    LIST RENT
  • $2

    LIST RENT PER SQFT
  • $2,442

    COMP ESTIMATED VALUE
  • $2.04

    COMP AVG. RENT PER SQFT
Comps Range
$2,050
1$2,0502$2,2803$2,4004$2,4005$2,500
$2,500
RENT COMPS ANALYSIS
  • 3414 Patritti Avenue Baldwin Park, CA 4
    • 4 beds 2 baths ∙ 1,200 Sqft ∙ Built 1952 4 beds 2 baths ∙ 1,200 Sqft ∙ Built 1952
    • Rent
    • Rent Per SQFT
    •  
    • $2,400
    • $2.00
    •  
  • 726 Nolina Avenue Baldwin Park, CA 1
    • 3 beds 1 baths ∙ 1,032 Sqft ∙ Built 1955 3 beds 1 baths ∙ 1,032 Sqft ∙ Built 1955
    LEASED 03/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,050
    • $1.99
    •  
  • 13169 Emery Avenue Baldwin Park, CA 2
    • 3 beds 1 baths ∙ 1,064 Sqft ∙ Built 1948 3 beds 1 baths ∙ 1,064 Sqft ∙ Built 1948
    LEASED 11/14/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,280
    • $2.14
    •  
  • 4832 Cogswell Road El Monte, CA 3
    • 3 beds 2 baths ∙ 1,200 Sqft ∙ Built 1937 3 beds 2 baths ∙ 1,200 Sqft ∙ Built 1937
    LEASED 09/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,400
    • $2.00
    •  
  • 1136 Vineland Avenue La Puente, CA 5
    • 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
    •  
PROPERTY LISTING DETAILS
Jaime Perez
Realty World California Properties
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: MB20238752
Last Updated: 11/13/2020
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