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3825 Bresee Avenue Baldwin Park, CA 91706

4 Beds 3 Baths 1,591 sqft Built 1988

$549,800

List Price

$2,540

$2.3K - $2.8K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 18, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1988
  • Price/Sqft : $345.57
  • 4 Days on Market
  • MLS # : IG21057026
  • Updated Date : 03/19/2021 at 11:18
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,591 sqft
  • Baths : 2 full , 1 half
Listing Agent

Dynasty Real Estate

Listing Agent's Description

HOME SWEET HOME! Beautiful cozy home in a private gated community, close to shops, restaurants and entertainment. As you enter you will find a welcoming living room with a warm fireplace open to the inviting dinning area. Spacious kitchen with with plenty of cabinets and classy white tile counter tops. Captivating stair case leading you to 4 ample bedrooms rare to find, and plenty of natural light. 2 roomy spotless full bathroom and 1 half bathroom down stairs. Big, private back yard perfect to entertain with family and friends. Neat two car garage with direct access. Private large laundry room. DO NOT miss the chance to own this beautiful property with a lot of potential, ready for you to put your touch and make it your own.

SEE MORE

MARKET HIGHLIGHTS

  • Southern California's economy is worth $1.58 trillion in Gross Metro Product and projected to grow to $1.67 trillion (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)
  • 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)
  • 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)
  • 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]
  • 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
Jones Junior High School Middle Regular 483 22 4
Sierra Vista High School High Regular 2,026 84 5

Jones Junior High School

  • Education Level: Middle
  • # of students: 483
  • # of teachers: 22
4
GreatSchools Rating

Sierra Vista High School

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

$494,820$604,780$549,800

PURCHASE PRICE

$2,286$2,794$2,540

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,540
EXPENSES Loan Payment -$1,910
Property Tax -$602
Property Insurance -$66
HOA -$115
Property Management Fees -$124
CASH FLOW
-$277

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.

$549,800

PROJECTED PRICE

$2,540

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

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$1.8M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$151,447

INVESTMENT

$151,447

Down Payment
$137,450
Rehab Estimate
$5,750
Closing Costs
$8,247

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,910

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $137,450
Loan Amount $412,350
See What Happens When You Reinvest Cash Flow

3.5

YEARS SAVED

$16,971

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,540

    LIST RENT
  • $1.6

    LIST RENT PER SQFT
  • $2,649

    COMP ESTIMATED VALUE
  • $1.67

    COMP AVG. RENT PER SQFT
Comps Range
$2,350
1$2,3502$2,5003$2,5404$2,5805$3,000
$3,000
RENT COMPS ANALYSIS
  • 3825 Bresee Avenue Baldwin Park, CA 3
    • 4 beds 3 baths ∙ 1,591 Sqft ∙ Built 1988 4 beds 3 baths ∙ 1,591 Sqft ∙ Built 1988
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,540
    • $1.60
    •  
  • 13492 Ramona Pkwy Baldwin Park, CA 1
    • 3 beds 3 baths ∙ 1,478 Sqft ∙ Built 1981 3 beds 3 baths ∙ 1,478 Sqft ∙ Built 1981
    property image
    LEASED 05/05/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,350
    • $1.59
    •  
  • 4416 Merced Avenue Baldwin Park, CA 2
    • 3 beds 3 baths ∙ 1,502 Sqft ∙ Built 1989 3 beds 3 baths ∙ 1,502 Sqft ∙ Built 1989
    property image
    LEASED 05/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $1.66
    •  
  • 3815 Foster Avenue Baldwin Park, CA 4
    • 3 beds 3 baths ∙ 1,510 Sqft ∙ Built 1989 3 beds 3 baths ∙ 1,510 Sqft ∙ Built 1989
    property image
    LEASED 04/29/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,580
    • $1.71
    •  
  • 4144 Monterey Avenue Baldwin Park, CA 5
    • 4 beds 3 baths ∙ 1,768 Sqft ∙ Built 1971 4 beds 3 baths ∙ 1,768 Sqft ∙ Built 1971
    property image
    LEASED 02/22/21
    • Rent
    • Rent Per SQFT
    •  
    • $3,000
    • $1.70
    •  
PROPERTY LISTING DETAILS
Genny Rueda Murillo
Dynasty Real Estate
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: IG21057026
Last Updated: 03/19/2021
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