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4719 Jerry Avenue Baldwin Park, CA 91706

3 Beds 2 Baths 1,431 sqft Built 1972

$575,000

List Price

$2,470

$2.2K - $2.7K

Rent Est.

PROPERTY INFO

January 03, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1972
  • Price/Sqft : $401.82
  • 2 Days on Market
  • MLS # : IV21000576
  • Updated Date : 01/02/2021 at 17:33
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,431 sqft
  • Baths : 2 full
Listing Agent

Century 21 King

Listing Agent's Description

This house is located in the perfect location... Close to shopping and schools. It features 3 bedrooms 2 baths and a large square feet of 1,431. Spacious and roomy home.. It has been updated throughout, New master bathroom, recessed lighting and more..Ceramic floor title all through the home, And you don’t want to missed looking at the back yard.. Spacious yard with citrus fruit trees, perfect to enjoy your weekends. All Information deemed, reliable but not guaranteed, buyers agent to verify. Thank you

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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)
  • 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)

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
 

$517,500$632,500$575,000

PURCHASE PRICE

$2,223$2,717$2,470

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,470
EXPENSES Loan Payment -$2,122
Property Tax -$630
Property Insurance -$62
Property Management Fees -$121
CASH FLOW
-$464

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.

$575,000

PROJECTED PRICE

$2,470

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-$10k-$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$158,125

INVESTMENT

$158,125

Down Payment
$143,750
Rehab Estimate
$5,750
Closing Costs
$8,625

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,122

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $143,750
Loan Amount $431,250
See What Happens When You Reinvest Cash Flow

2.42

YEARS SAVED

$11,723

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,470

    LIST RENT
  • $1.73

    LIST RENT PER SQFT
  • $2,579

    COMP ESTIMATED VALUE
  • $1.8

    COMP AVG. RENT PER SQFT
Comps Range
$2,150
1$2,1502$2,2003$2,4704$2,5005$2,500
$2,500
RENT COMPS ANALYSIS
  • 4719 Jerry Avenue Baldwin Park, CA 3
    • 3 beds 2 baths ∙ 1,431 Sqft ∙ Built 1972 3 beds 2 baths ∙ 1,431 Sqft ∙ Built 1972
    • Rent
    • Rent Per SQFT
    •  
    • $2,470
    • $1.73
    •  
  • 13751 Los Angeles Street Baldwin Park, CA 1
    • 3 beds 1 baths ∙ 1,142 Sqft ∙ Built 1981 3 beds 1 baths ∙ 1,142 Sqft ∙ Built 1981
    LEASED 01/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,150
    • $1.88
    •  
  • 4845 Standell Avenue El Monte, CA 2
    • 3 beds 1 baths ∙ 1,220 Sqft ∙ Built 1961 3 beds 1 baths ∙ 1,220 Sqft ∙ Built 1961
    LEASED 10/06/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,200
    • $1.80
    •  
  • 4416 Merced Avenue Baldwin Park, CA 4
    • 3 beds 3 baths ∙ 1,502 Sqft ∙ Built 1989 3 beds 3 baths ∙ 1,502 Sqft ∙ Built 1989
    LEASED 05/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $1.66
    •  
  • 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
Araceli Ayala
Century 21 King
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: IV21000576
Last Updated: 01/02/2021
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