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3913 Big Dalton Avenue Baldwin Park, CA 91706

3 Beds 1 Baths 1,269 sqft Built 1953

$530,000

List Price

$2,340

$2.1K - $2.6K

Rent Est.

PROPERTY INFO

December 12, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1953
  • Price/Sqft : $417.65
  • 2 Days on Market
  • MLS # : CV20256451
  • Updated Date : 12/12/2020 at 12:11
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,269 sqft
  • Baths : 1 full
Listing Agent

New Century Realtors

Listing Agent's Description

New Year, New House! Beautiful home conveniently located across the street from Central Elementary School and only blocks from Baldwin Park High School, Parks, and shopping centers. This home boasts a spacious open floor plan, a large and naturally lit living room, and dining area that opens into the recently remodeled kitchen. The kitchen was updated with custom maple cabinets and beautiful Quartz counters. You'll love the convenience of having a separate indoor laundry room located just off the kitchen. The bathroom has been recently remodeled with a new custom shower and beautiful vanity. The large master bedroom features his and her closets and access to the back patio. The garage area was converted to an additional bedroom by the previous owner (without permit). Enjoy the privacy of the expansive backyard which is accented by bountiful citrus trees and a beautiful fig tree! You must see to appreciate this home!

SEE MORE

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
Central Elementary School Primary Regular 534 22 3
Jones Junior High School Middle Regular 483 22 4
Baldwin Park High School High Regular 1,979 79 6

Central Elementary School

  • Education Level: Primary
  • # of students: 534
  • # of teachers: 22
3
GreatSchools Rating

Jones Junior High School

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

Baldwin Park High School

  • Education Level: High
  • # of students: 1,979
  • # of teachers: 79
6
GreatSchools Rating
 

$477,000$583,000$530,000

PURCHASE PRICE

$2,106$2,574$2,340

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,340
EXPENSES Loan Payment -$1,955
Property Tax -$581
Property Insurance -$58
Property Management Fees -$115
CASH FLOW
-$369

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.

$530,000

PROJECTED PRICE

$2,340

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$1.6M

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$146,200

INVESTMENT

$146,200

Down Payment
$132,500
Rehab Estimate
$5,750
Closing Costs
$7,950

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,955

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $132,500
Loan Amount $397,500
See What Happens When You Reinvest Cash Flow

3

YEARS SAVED

$14,656

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,340

    LIST RENT
  • $1.84

    LIST RENT PER SQFT
  • $2,560

    COMP ESTIMATED VALUE
  • $2.02

    COMP AVG. RENT PER SQFT
Comps Range
$2,250
1$2,2502$2,3403$2,4004$2,5005$2,650
$2,650
RENT COMPS ANALYSIS
  • 3913 Big Dalton Avenue Baldwin Park, CA 2
    • 3 beds 1 baths ∙ 1,269 Sqft ∙ Built 1953 3 beds 1 baths ∙ 1,269 Sqft ∙ Built 1953
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,340
    • $1.84
    •  
  • 15047 Chetney Drive Baldwin Park, CA 1
    • 3 beds 2 baths ∙ 1,200 Sqft ∙ Built 1950 3 beds 2 baths ∙ 1,200 Sqft ∙ Built 1950
    property image
    LEASED 07/31/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,250
    • $1.88
    •  
  • 15134 Navilla Place Baldwin Park, CA 3
    • 3 beds 2 baths ∙ 1,103 Sqft ∙ Built 1950 3 beds 2 baths ∙ 1,103 Sqft ∙ Built 1950
    property image
    LEASED 08/26/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,400
    • $2.18
    •  
  • 15053 Howellhurst Drive Baldwin Park, CA 4
    • 3 beds 1 baths ∙ 1,158 Sqft ∙ Built 1962 3 beds 1 baths ∙ 1,158 Sqft ∙ Built 1962
    property image
    LEASED 02/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $2.16
    •  
  • 2516 W Havenbrook Street West Covina, CA 5
    • 3 beds 1 baths ∙ 1,432 Sqft ∙ Built 1947 3 beds 1 baths ∙ 1,432 Sqft ∙ Built 1947
    property image
    LEASED 05/04/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,650
    • $1.85
    •  
PROPERTY LISTING DETAILS
Yesenia Ruvalcaba
New Century Realtors
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: CV20256451
Last Updated: 12/12/2020
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