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4455 Cedar Avenue El Monte, CA 91732

3 Beds 1 Baths 1,129 sqft Built 1962

$325,000

List Price

$2,170

$2K - $2.4K

Rent Est.

PROPERTY INFO

January 16, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1962
  • Price/Sqft : $287.87
  • 2 Days on Market
  • MLS # : SR21010166
  • Updated Date : 01/16/2021 at 08:41
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,129 sqft
  • Baths : 1 full
Listing Agent

Keller Williams Realty-studio City

Listing Agent's Description

Probate Fixer in the city of El Monte. Located within seconds of Wright Elementary School, this home is perfect for an investor to renovate and bring it up to standard. Reach out today to schedule a private showing.

SEE MORE

MARKET HIGHLIGHTS

  • 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]
  • 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)

PRICE & RENT TRENDS

Neighborhood: Norwood Cherrylee

NeighborhoodNIR Market*CityMarket2010Year20002019200k250k300k350k400k450k500k550k600kPrice in $153k622k

* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR

Neighborhood: Norwood Cherrylee

NeighborhoodNIR Market*CityMarket2010Year2000 Q42019 Q21700180019002000210022002300240025002600270028002900Rent in $16122941

* 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
Wright Elementary School Primary Regular 964 37 6
Wright Elementary School Middle Regular 964 37 6
Arroyo High School High Regular 2,301 92 7

Wright Elementary School

  • Education Level: Primary
  • # of students: 964
  • # of teachers: 37
6
GreatSchools Rating

Wright Elementary School

  • Education Level: Middle
  • # of students: 964
  • # of teachers: 37
6
GreatSchools Rating

Arroyo High School

  • Education Level: High
  • # of students: 2,301
  • # of teachers: 92
7
GreatSchools Rating
 

$292,500$357,500$325,000

PURCHASE PRICE

$1,953$2,387$2,170

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,170
EXPENSES Loan Payment -$1,129
Property Tax -$401
Property Insurance -$54
Property Management Fees -$106
CASH FLOW
$479

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.

$325,000

PROJECTED PRICE

$2,170

PROJECTED RENT

0.67%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.35%
Appreciation Year (1-5) 7.5%
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

PROJECTED ANNUAL CASH FLOW

11530$0.0$5.0k$10k$15k$20k$25k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$91,875

INVESTMENT

$91,875

Down Payment
$81,250
Rehab Estimate
$5,750
Closing Costs
$4,875

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 20% down payment or higher enables the proceeds from the asset to cover all costs.

$1,129

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $81,250
Loan Amount $243,750
See What Happens When You Reinvest Cash Flow

13.67

YEARS SAVED

$71,760

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,170

    LIST RENT
  • $1.92

    LIST RENT PER SQFT
  • $2,255

    COMP ESTIMATED VALUE
  • $2

    COMP AVG. RENT PER SQFT
Comps Range
$2,100
1$2,1002$2,1703$2,2004$2,2505$2,500
$2,500
RENT COMPS ANALYSIS
  • 4455 Cedar Avenue El Monte, CA 2
    • 3 beds 1 baths ∙ 1,129 Sqft ∙ Built 1962 3 beds 1 baths ∙ 1,129 Sqft ∙ Built 1962
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,170
    • $1.92
    •  
  • 11341 Elmcrest Street El Monte, CA 1
    • 3 beds 2 baths ∙ 1,000 Sqft ∙ Built 1947 3 beds 2 baths ∙ 1,000 Sqft ∙ Built 1947
    property image
    LEASED 02/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,100
    • $2.10
    •  
  • 11529 Embree Drive El Monte, CA 3
    • 3 beds 1 baths ∙ 1,085 Sqft ∙ Built 1950 3 beds 1 baths ∙ 1,085 Sqft ∙ Built 1950
    property image
    LEASED 02/21/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,200
    • $2.03
    •  
  • 11324 Ranchito Street El Monte, CA 4
    • 3 beds 2 baths ∙ 1,171 Sqft ∙ Built 1962 3 beds 2 baths ∙ 1,171 Sqft ∙ Built 1962
    property image
    LEASED 01/31/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,250
    • $1.92
    •  
  • 11539 Lower Azusa Road El Monte, CA 5
    • 3 beds 3 baths ∙ 1,290 Sqft ∙ Built 1980 3 beds 3 baths ∙ 1,290 Sqft ∙ Built 1980
    property image
    LEASED 11/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $1.94
    •  
PROPERTY LISTING DETAILS
Joshua Vigo-fas
Keller Williams Realty-studio City
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: SR21010166
Last Updated: 01/16/2021
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