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5211 La Madera Avenue El Monte, CA 91732

3 Beds 2 Baths 1,268 sqft Built 1961

$565,000

List Price

$2,370

$2.1K - $2.6K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 26, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1961
  • Price/Sqft : $445.58
  • 3 Days on Market
  • MLS # : CV21063397
  • Updated Date : 03/26/2021 at 13:59
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,268 sqft
  • Baths : 2 full
Listing Agent

Re/max Champions

Listing Agent's Description

Great family home that offers 3 BR/1 FULL family bathroom and half bath adjacent to master bedroom. Open floor plan with vaulted ceiling in Living room. Formal, separate dining area of Living room. Nice, massive wood burning Fireplace in the Living room. Kitchen offers cooktop and build in oven, plenty of cabinet and counter space. Separate Laundry _storage room is adjacent to the house. 2 car detached garage with very long driveway that could accommodate multiple cars. Great size private back yard. Back patio is covered and connects the house to the garage. That creates a great seating area for warm days. Great , highly desirable, quiet and safe neighborhood. Very easy access to all frways :605, 210, 10. Close in distance to multiple shopping and restaurants in the area. Walking distance to school. Please be aware that GOOGLE does not have the right street view - if you looking for it!

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)
  • 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: 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
Arroyo High School High Regular 2,301 92 7

Arroyo High School

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

$508,500$621,500$565,000

PURCHASE PRICE

$2,133$2,607$2,370

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,370
EXPENSES Loan Payment -$1,962
Property Tax -$697
Property Insurance -$58
Property Management Fees -$116
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.

$565,000

PROJECTED PRICE

$2,370

PROJECTED RENT

0.42%

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$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$155,475

INVESTMENT

$155,475

Down Payment
$141,250
Rehab Estimate
$5,750
Closing Costs
$8,475

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,962

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $141,250
Loan Amount $423,750
See What Happens When You Reinvest Cash Flow

2

YEARS SAVED

$7,207

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,370

    LIST RENT
  • $1.87

    LIST RENT PER SQFT
  • $2,409

    COMP ESTIMATED VALUE
  • $1.9

    COMP AVG. RENT PER SQFT
Comps Range
$2,200
1$2,2002$2,2003$2,3704$2,5005$2,500
$2,500
RENT COMPS ANALYSIS
  • 5211 La Madera Avenue El Monte, CA 3
    • 3 beds 2 baths ∙ 1,268 Sqft ∙ Built 1961 3 beds 2 baths ∙ 1,268 Sqft ∙ Built 1961
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,370
    • $1.87
    •  
  • 4845 Standell Avenue El Monte, CA 1
    • 3 beds 1 baths ∙ 1,220 Sqft ∙ Built 1961 3 beds 1 baths ∙ 1,220 Sqft ∙ Built 1961
    property image
    LEASED 10/06/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,200
    • $1.80
    •  
  • 11549 Cherrylee Drive El Monte, CA 2
    • 3 beds 2 baths ∙ 1,144 Sqft ∙ Built 1964 3 beds 2 baths ∙ 1,144 Sqft ∙ Built 1964
    property image
    LEASED 09/28/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,200
    • $1.92
    •  
  • 11561 Lower Azusa Road El Monte, CA 4
    • 3 beds 3 baths ∙ 1,290 Sqft ∙ Built 1980 3 beds 3 baths ∙ 1,290 Sqft ∙ Built 1980
    property image
    LEASED 03/22/21
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $1.94
    •  
  • 12248 Mulhall Street El Monte, CA 5
    • 3 beds 1 baths ∙ 1,289 Sqft ∙ Built 1975 3 beds 1 baths ∙ 1,289 Sqft ∙ Built 1975
    property image
    LEASED 12/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $1.94
    •  
PROPERTY LISTING DETAILS
Teresa Krawiec
Re/max Champions
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: CV21063397
Last Updated: 03/26/2021
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