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635 Tonopah Avenue La Puente, CA 91744

3 Beds 2 Baths 1,030 sqft Built 1956

$560,000

List Price

$2,120

$1.9K - $2.3K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 11, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1956
  • Price/Sqft : $543.69
  • 4 Days on Market
  • MLS # : MB21051269
  • Updated Date : 03/11/2021 at 12:15
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,030 sqft
  • Baths : 2 full
Listing Agent

Century 21 Realty Masters

Listing Agent's Description

A nicely remodeled home with warm colors, laminate wood flooring throughout, double pane windows with shutters throughout and central AC / Heating. Kitchen has nice cabinets with granite counter tops and recessed lighting. Living room has recessed lighting and ample space for your sofas and the biggest flat screen TV you can find. Master bedroom has it's own remodeled bathroom for convenience and privacy. The large backyard is perfect for social gatherings, the large patio cover has ceiling fans to keep your guest cool and comfortable in the summer. Property is centrally located. The 60fwy, 10fwy and the 605fwy are minutes away.

SEE MORE

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: La Puente

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450k500k550k600kPrice in $141k622k

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

Neighborhood: La Puente

NeighborhoodNIR Market*CityMarket2010Year2000 Q42019 Q214001600180020002200240026002800Rent in $13152941

* 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
Sparks Middle School Middle Regular 476 22 5
La Puente High School High Regular 1,403 54 6

Sparks Middle School

  • Education Level: Middle
  • # of students: 476
  • # of teachers: 22
5
GreatSchools Rating

La Puente High School

  • Education Level: High
  • # of students: 1,403
  • # of teachers: 54
6
GreatSchools Rating
 

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

PURCHASE PRICE

$1,908$2,332$2,120

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,120
EXPENSES Loan Payment -$1,945
Property Tax -$606
Property Insurance -$52
Property Management Fees -$104
CASH FLOW
-$587

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

$2,120

PROJECTED RENT

0.38%

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

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 65% 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

1.17

YEARS SAVED

$2,894

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,120

    LIST RENT
  • $2.06

    LIST RENT PER SQFT
  • $1,921

    COMP ESTIMATED VALUE
  • $1.87

    COMP AVG. RENT PER SQFT
Comps Range
$2,120
1$2,1202$2,5003$2,500
$2,500
RENT COMPS ANALYSIS
  • 635 Tonopah Avenue La Puente, CA 1
    • 3 beds 2 baths ∙ 1,030 Sqft ∙ Built 1956 3 beds 2 baths ∙ 1,030 Sqft ∙ Built 1956
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,120
    • $2.06
    •  
  • 1466 S Conlon Avenue West Covina, CA 2
    • 4 beds 2 baths ∙ 1,377 Sqft ∙ Built 1959 4 beds 2 baths ∙ 1,377 Sqft ∙ Built 1959
    property image
    LEASED 08/05/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $1.82
    •  
  • 730 Cabana Avenue La Puente, CA 3
    • 3 beds 2 baths ∙ 1,309 Sqft ∙ Built 1956 3 beds 2 baths ∙ 1,309 Sqft ∙ Built 1956
    property image
    LEASED 06/25/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $1.91
    •  
PROPERTY LISTING DETAILS
Apolo Andrade
Century 21 Realty Masters
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: MB21051269
Last Updated: 03/11/2021
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