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4521 Jerry Avenue Baldwin Park, CA 91706

3 Beds 2 Baths 1,350 sqft Built 1953

$560,000

List Price

$2,410

$2.2K - $2.7K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
February 15, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1953
  • Price/Sqft : $414.81
  • 7 Days on Market
  • MLS # : CV21031151
  • Updated Date : 02/15/2021 at 12:25
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,350 sqft
  • Baths : 2 full
Listing Agent

New Century Realtors

Listing Agent's Description

Diamond in the rough ready for some TLC! This amazing 3 bedroom, 2 bath home has tremendous potential. You'll love the layout with its spacious living room that opens into the formal dining area leading into the galley kitchen. The bedrooms are all generously sized and have plenty of closet space. There is also a covered patio that can be used as a game room, office space, or separate family room. Enjoy the big back yard with its fruit trees and mature trees that offer great shade during the summer months. The home needs new carpet and paint but with a little bit of work can be transformed into a gorgeous home on a quiet cul-de-sac!

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • 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 area contributes to 55.3% of California state economy i.e. Gross State Product (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)
  • Southern California's economy is worth $1.58 trillion in Gross Metro Product and projected to grow to $1.67 trillion (USMayors.org, 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
Walnut Elementary School Primary Regular 604 26 5
Olive Middle School Middle Regular 509 25 4
Baldwin Park High School High Regular 1,979 79 6

Walnut Elementary School

  • Education Level: Primary
  • # of students: 604
  • # of teachers: 26
5
GreatSchools Rating

Olive Middle School

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

Baldwin Park High School

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

$504,000$616,000$560,000

PURCHASE PRICE

$2,169$2,651$2,410

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,410
EXPENSES Loan Payment -$1,945
Property Tax -$614
Property Insurance -$60
Property Management Fees -$118
CASH FLOW
-$326

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.

$560,000

PROJECTED PRICE

$2,410

PROJECTED RENT

0.43%

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$154,150

INVESTMENT

$154,150

Down Payment
$140,000
Rehab Estimate
$5,750
Closing Costs
$8,400

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,945

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $140,000
Loan Amount $420,000
See What Happens When You Reinvest Cash Flow

3.25

YEARS SAVED

$15,011

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,410

    LIST RENT
  • $1.79

    LIST RENT PER SQFT
  • $2,670

    COMP ESTIMATED VALUE
  • $1.98

    COMP AVG. RENT PER SQFT
Comps Range
$2,400
1$2,4002$2,4103$2,4504$2,5005$2,500
$2,500
RENT COMPS ANALYSIS
  • 4521 Jerry Avenue Baldwin Park, CA 2
    • 3 beds 2 baths ∙ 1,350 Sqft ∙ Built 1953 3 beds 2 baths ∙ 1,350 Sqft ∙ Built 1953
    • Rent
    • Rent Per SQFT
    •  
    • $2,410
    • $1.79
    •  
  • 4832 Cogswell Road El Monte, CA 1
    • 3 beds 2 baths ∙ 1,200 Sqft ∙ Built 1937 3 beds 2 baths ∙ 1,200 Sqft ∙ Built 1937
    LEASED 09/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,400
    • $2.00
    •  
  • 5102 Wimmer Avenue Baldwin Park, CA 3
    • 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
    •  
  • 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
Yesenia Ruvalcaba
New Century Realtors
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: CV21031151
Last Updated: 02/15/2021
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