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4444 La Rica Avenue Baldwin Park, CA 91706

3 Beds 2 Baths 1,040 sqft Built 1959

$529,900

List Price

$2,250

$2K - $2.5K

Rent Est.

PROPERTY INFO

January 23, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1959
  • Price/Sqft : $509.52
  • 2 Days on Market
  • MLS # : CV21015221
  • Updated Date : 01/23/2021 at 14:18
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,040 sqft
  • Baths : 1 full , 1 half
Listing Agent

Century 21 King

Listing Agent's Description

Great new listing in the city Of Baldwin park in great upgraded condition come and see this great 3 bed and 1.5 bath that will not last,

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
Ernest R. Geddes Elementary School Primary Regular 703 33 3
Holland Middle School Middle Regular 547 24 4
Baldwin Park High School High Regular 1,979 79 6

Ernest R. Geddes Elementary School

  • Education Level: Primary
  • # of students: 703
  • # of teachers: 33
3
GreatSchools Rating

Holland Middle School

  • Education Level: Middle
  • # of students: 547
  • # of teachers: 24
4
GreatSchools Rating

Baldwin Park High School

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

$476,910$582,890$529,900

PURCHASE PRICE

$2,025$2,475$2,250

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,250
EXPENSES Loan Payment -$1,841
Property Tax -$581
Property Insurance -$52
Property Management Fees -$110
CASH FLOW
-$334

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.

$529,900

PROJECTED PRICE

$2,250

PROJECTED RENT

0.42%

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$146,174

INVESTMENT

$146,174

Down Payment
$132,475
Rehab Estimate
$5,750
Closing Costs
$7,949

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,841

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $132,475
Loan Amount $397,425
See What Happens When You Reinvest Cash Flow

3.08

YEARS SAVED

$12,677

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,250

    LIST RENT
  • $2.16

    LIST RENT PER SQFT
  • $2,254

    COMP ESTIMATED VALUE
  • $2.17

    COMP AVG. RENT PER SQFT
Comps Range
$2,250
1$2,2502$2,2803$2,3504$2,4005$2,500
$2,500
RENT COMPS ANALYSIS
  • 4444 La Rica Avenue Baldwin Park, CA 1
    • 3 beds 2 baths ∙ 1,040 Sqft ∙ Built 1959 3 beds 2 baths ∙ 1,040 Sqft ∙ Built 1959
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,250
    • $2.16
    •  
  • 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
    property image
    LEASED 11/14/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,280
    • $2.14
    •  
  • 14537 Chilcot Street Baldwin Park, CA 3
    • 3 beds 2 baths ∙ 1,057 Sqft ∙ Built 1964 3 beds 2 baths ∙ 1,057 Sqft ∙ Built 1964
    property image
    LEASED 09/19/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,350
    • $2.22
    •  
  • 15134 Navilla Place Baldwin Park, CA 4
    • 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
    •  
  • 14023 Ohio Street Baldwin Park, CA 5
    • 3 beds 2 baths ∙ 1,174 Sqft ∙ Built 1947 3 beds 2 baths ∙ 1,174 Sqft ∙ Built 1947
    property image
    LEASED 11/16/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $2.13
    •  
PROPERTY LISTING DETAILS
Ricardo Acevedo
Century 21 King
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: CV21015221
Last Updated: 01/23/2021
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