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499 E Desert Willow Road Azusa, CA 91702

4 Beds 4 Baths 2,960 sqft Built 2014

$928,000

List Price

$4,120

$3.9K - $4.4K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 13, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2014
  • Price/Sqft : $313.51
  • 3 Days on Market
  • MLS # : CV21052418
  • Updated Date : 03/13/2021 at 08:34
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,960 sqft
  • Baths : 4 full
Listing Agent

Southland Properties

Listing Agent's Description

Gorgeous home located in the desirable Community of Rosedale! This home features 4 bedrooms & 4 baths and a well thought out floor plan, perfect for indoor/outdoor entertaining. The main level has a master bedroom perfect a home office or a relative. Downstairs is great room with comfortable living room with large sliders that lead out to the backyard, a dining area and a spacious gourmet kitchen complete with a large island with lots of seating, stainless steel appliances, granite countertops, lots of cabinets, and a walk-in pantry. The backyard has amazing views of the foothills, a custom backyard BBQ island with fridge & sink, gazebo and is professionally hardscaped. Upstairs there is a nice family/Loft with with lots of natural light, plus two bedrooms that share a Jack & Jill bathroom with double sinks, and a Primary bedroom with amazing views of the foothills, lots of room, a very large walk-in closet plus a primary bathroom suite with a sunken tub, two sinks, vanity area, walk-in shower and a several bathroom enclosed. The Rosedale Community residents are eligible for all community amenities, inlcuding parks, pools, basketball courts, BBQ areas, fitness center, private community room for parties and all events. This property is within walking distance to the many walking trails and the National Forest Park. Every room on the North side of the property has mountain views! Easy access to the I-210 freeway & the Metro Gold Line to Pasadena & Downtown LA.

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MARKET HIGHLIGHTS

  • 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.
  • 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]
  • 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)

PRICE & RENT TRENDS

Neighborhood: Rosedale

ZipNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450k500k550k600kPrice in $150k622k

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

Neighborhood: Rosedale

NeighborhoodNIR Market*CityMarket2010Year2000 Q42019 Q21400160018002000220024002600280030003200340036003800Rent in $13963921

* 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
Henry Dalton Elementary School Primary Regular 307 12 4
Foothill Middle School Middle Regular 589 29 3
Azusa High School High Regular 1,393 65 5

Henry Dalton Elementary School

  • Education Level: Primary
  • # of students: 307
  • # of teachers: 12
4
GreatSchools Rating

Foothill Middle School

  • Education Level: Middle
  • # of students: 589
  • # of teachers: 29
3
GreatSchools Rating

Azusa High School

  • Education Level: High
  • # of students: 1,393
  • # of teachers: 65
5
GreatSchools Rating
 

$835,200$1,020,800$928,000

PURCHASE PRICE

$3,708$4,532$4,120

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $4,120
EXPENSES Loan Payment -$3,223
Property Tax -$978
Property Insurance -$98
HOA -$139
Property Management Fees -$202
CASH FLOW
-$521

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 13% of earned rent to cover both maintenance and periods of vacancy.

$928,000

PROJECTED PRICE

$4,120

PROJECTED RENT

0.44%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.48%
Appreciation Year (1-5) 5.0%
Maintenance Year (1-5) 8.00%
Vacancy 4.69%
Length of Stay Years 2

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$500k$1.0M$1.5M$2.0M$2.5M

PROJECTED ANNUAL CASH FLOW

11530-$10k$0.0$10k$20k$30k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$500k$1.0M$1.5M$2.0M$2.5M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$251,670

INVESTMENT

$251,670

Down Payment
$232,000
Rehab Estimate
$5,750
Closing Costs
$13,920

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$3,223

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $232,000
Loan Amount $696,000
See What Happens When You Reinvest Cash Flow

3.33

YEARS SAVED

$25,936

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $4,120

    LIST RENT
  • $1.39

    LIST RENT PER SQFT
  • $4,225

    COMP ESTIMATED VALUE
  • $1.43

    COMP AVG. RENT PER SQFT
Comps Range
$3,800
1$3,8002$3,9503$4,0004$4,1205$4,500
$4,500
RENT COMPS ANALYSIS
  • 499 E Desert Willow Road Azusa, CA 4
    • 4 beds 4 baths ∙ 2,960 Sqft ∙ Built 2014 4 beds 4 baths ∙ 2,960 Sqft ∙ Built 2014
    • Rent
    • Rent Per SQFT
    •  
    • $4,120
    • $1.39
    •  
  • 701 E Heather Circle Azusa, CA 1
    • 5 beds 4 baths ∙ 2,909 Sqft ∙ Built 2014 5 beds 4 baths ∙ 2,909 Sqft ∙ Built 2014
    LEASED 09/25/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,800
    • $1.31
    •  
  • 723 E Lemon Swirl Drive Azusa, CA 2
    • 4 beds 4 baths ∙ 2,691 Sqft ∙ Built 2013 4 beds 4 baths ∙ 2,691 Sqft ∙ Built 2013
    LEASED 07/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,950
    • $1.47
    •  
  • 1312 N Macneil Drive Azusa, CA 3
    • 4 beds 4 baths ∙ 2,909 Sqft ∙ Built 2014 4 beds 4 baths ∙ 2,909 Sqft ∙ Built 2014
    LEASED 08/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $4,000
    • $1.38
    •  
  • 626 E Mandevilla Way Azusa, CA 5
    • 4 beds 4 baths ∙ 2,909 Sqft ∙ Built 2015 4 beds 4 baths ∙ 2,909 Sqft ∙ Built 2015
    LEASED 10/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $4,500
    • $1.55
    •  
PROPERTY LISTING DETAILS
Ann Blanco
Southland Properties
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: CV21052418
Last Updated: 03/13/2021
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