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5103 Maine Avenue Baldwin Park, CA 91706

3 Beds 1 Baths 1,054 sqft Built 1952

$525,000

List Price

$2,100

$1.9K - $2.3K

Rent Est.

PROPERTY INFO

December 06, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1952
  • Price/Sqft : $498.10
  • 2 Days on Market
  • MLS # : CV20251775
  • Updated Date : 12/05/2020 at 16:04
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,054 sqft
  • Baths : 1 full
Listing Agent

Century 21 Citrus Realty Inc

Listing Agent's Description

Welcome to this fully remodeled, 3 bedroom Baldwin Park home with a large backyard! The kitchen has been fully remodeled and features brand new stainless steel appliances! New "soft close" white cabinets. The new gray quartz countertops tastefully complement the cabinetry. New recessed lighting has been added. The kitchen is completed with a matching backsplash, new sink, new garbage disposal, new plumbing, new recessed light and new electrical outlets. Featuring all new appliances: Stainless Steel dishwasher, Stainless Steel range with griddle cooktop, Stainless Steel refrigerator, Stainless Steel microwave and hood vent. New "Pex" water piping has been added throughout the inside of the home. The entire interior of the home has been freshly painted. New flooring has been added throughout home. New baseboard has been added throughout the home. The new heater will keep everyone warm this winter! The fireplace is the perfect place to unwind. The bathroom has been fully remodeled. New water heater and washer and dryer hooks-ups have been added inside the home for ease. The electrical panel has been recently updated and upgraded. The exterior of the home has been freshly painted. The large backyard has ample space for entertaining. The home features a two car detached garage, with a freshly painted exterior. The brand new sprinkler system and California superior tall fescue grass landscaping gives the home healthy curb appeal with low maintenance. The home features a newer roof.

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • 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)

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
Margaret Heath Elementary School Primary Regular 498 22 3
Holland Middle School Middle Regular 547 24 4
Baldwin Park High School High Regular 1,979 79 6

Margaret Heath Elementary School

  • Education Level: Primary
  • # of students: 498
  • # of teachers: 22
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
 

$472,500$577,500$525,000

PURCHASE PRICE

$1,890$2,310$2,100

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,100
EXPENSES Loan Payment -$1,937
Property Tax -$575
Property Insurance -$53
Property Management Fees -$103
CASH FLOW
-$568

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.

$525,000

PROJECTED PRICE

$2,100

PROJECTED RENT

0.40%

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-$10k-$5.0k$0.0$5.0k$10k

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$144,875

INVESTMENT

$144,875

Down Payment
$131,250
Rehab Estimate
$5,750
Closing Costs
$7,875

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 65% down payment or higher enables the proceeds from the asset to cover all costs.

$1,937

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $131,250
Loan Amount $393,750
See What Happens When You Reinvest Cash Flow

1.33

YEARS SAVED

$3,946

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,100

    LIST RENT
  • $1.99

    LIST RENT PER SQFT
  • $2,271

    COMP ESTIMATED VALUE
  • $2.16

    COMP AVG. RENT PER SQFT
Comps Range
$2,100
1$2,1002$2,3003$2,3504$2,4005$2,500
$2,500
RENT COMPS ANALYSIS
  • 5103 Maine Avenue Baldwin Park, CA 1
    • 3 beds 1 baths ∙ 1,054 Sqft ∙ Built 1952 3 beds 1 baths ∙ 1,054 Sqft ∙ Built 1952
    • Rent
    • Rent Per SQFT
    •  
    • $2,100
    • $1.99
    •  
  • 4142 N Yaleton Avenue Covina, CA 2
    • 3 beds 2 baths ∙ 1,100 Sqft ∙ Built 1950 3 beds 2 baths ∙ 1,100 Sqft ∙ Built 1950
    LEASED 10/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,300
    • $2.09
    •  
  • 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
    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
    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
    LEASED 11/16/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $2.13
    •  
PROPERTY LISTING DETAILS
Andrew Mendez
Century 21 Citrus Realty Inc
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: CV20251775
Last Updated: 12/05/2020
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