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4202 Stewart Avenue Baldwin Park, CA 91706

3 Beds 1 Baths 1,222 sqft Built 1951

$579,900

List Price

$2,270

$2K - $2.5K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
February 27, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1951
  • Price/Sqft : $474.55
  • 6 Days on Market
  • MLS # : MB21038081
  • Updated Date : 03/02/2021 at 12:59
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,222 sqft
  • Baths : 1 full
Listing Agent

L.a. Real Estate Network Group

Listing Agent's Description

For Contactless viewing please see marketing photos first. Beautiful 3-bedroom, corner lot Pool home, turn key, remodeled and ready for the next owner. This home features a large front yard, inviting entry porch, large living room, new flooring, new windows, new paint, dining area nook next to kitchen perfect for that morning coffee with a great view to front yard, tastefully updated kitchen, new appliances, new cabinets, new counter tops, new plumbing fixtures, large separate laundry area with hook ups, 3 good size bedrooms, remodeled bathroom, huge bonus room at rear of home between garage, perfect for a game room, den or home office, you call it!! Great rear yard space fenced and separated from large sparkling pool which sits at extreme back part of rear yard so you have the most use of your rear yard space areas. This home is ready for summer. SEE IT!!! FALL IN LOVE WITH IT!!! BUY IT!!! See you in escrow!

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • 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)

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
Olive Middle School Middle Regular 509 25 4
Sierra Vista High School High Regular 2,026 84 5

Olive Middle School

  • Education Level: Middle
  • # of students: 509
  • # of teachers: 25
4
GreatSchools Rating

Sierra Vista High School

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

$521,910$637,890$579,900

PURCHASE PRICE

$2,043$2,497$2,270

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,270
EXPENSES Loan Payment -$2,014
Property Tax -$635
Property Insurance -$57
Property Management Fees -$111
CASH FLOW
-$547

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.

$579,900

PROJECTED PRICE

$2,270

PROJECTED RENT

0.39%

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-$10k-$5.0k$0.0$5.0k$10k

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$159,424

INVESTMENT

$159,424

Down Payment
$144,975
Rehab Estimate
$5,750
Closing Costs
$8,699

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 60% down payment or higher enables the proceeds from the asset to cover all costs.

$2,014

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $144,975
Loan Amount $434,925
See What Happens When You Reinvest Cash Flow

1.5

YEARS SAVED

$4,771

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,270

    LIST RENT
  • $1.86

    LIST RENT PER SQFT
  • $2,420

    COMP ESTIMATED VALUE
  • $1.98

    COMP AVG. RENT PER SQFT
Comps Range
$2,270
1$2,2702$2,4503$2,5004$2,5005$2,500
$2,500
RENT COMPS ANALYSIS
  • 4202 Stewart Avenue Baldwin Park, CA 1
    • 3 beds 1 baths ∙ 1,222 Sqft ∙ Built 1951 3 beds 1 baths ∙ 1,222 Sqft ∙ Built 1951
    • Rent
    • Rent Per SQFT
    •  
    • $2,270
    • $1.86
    •  
  • 5102 Wimmer Avenue Baldwin Park, CA 2
    • 3 beds 2 baths ∙ 1,280 Sqft ∙ Built 1949 3 beds 2 baths ∙ 1,280 Sqft ∙ Built 1949
    LEASED 07/08/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,450
    • $1.91
    •  
  • 1136 Vineland Avenue La Puente, CA 3
    • 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
    •  
  • 14023 Ohio Street Baldwin Park, CA 4
    • 3 beds 2 baths ∙ 1,174 Sqft ∙ Built 1947 3 beds 2 baths ∙ 1,174 Sqft ∙ Built 1947
    LEASED 11/16/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $2.13
    •  
  • 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
Ray Duran, Jr.
L.a. Real Estate Network Group
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: MB21038081
Last Updated: 03/02/2021
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