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714 Elsberry Avenue La Puente, CA 91744

3 Beds 2 Baths 1,144 sqft Built 1961

$585,000

List Price

$2,080

$1.9K - $2.3K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
FACTS
  • Single Family
  • Built In 1961
  • Price/Sqft : $511.36
  • 19 Days on Market
  • MLS # : CV21010535
  • Updated Date : 02/26/2021 at 10:24
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,144 sqft
  • Baths : 2 full
Listing Agent

Coldwell Banker Leaders

Listing Agent's Description

Great area, excellent move-in ready condition, close to all, shopping centers/malls & freeways. This is the home buyers are looking to buy 3 bedrooms-2 bathrooms, New interior paint, new ceramic tile in living room ,kitchen, dining are and hallway, new carpet in bedrooms. Central Air & Heat -new recess LED lights throughout the house, new dishwasher. 2 car garage with auto opener and direct access to house.

SEE MORE

MARKET HIGHLIGHTS

  • Southern California area contributes to 55.3% of California state economy i.e. Gross State Product (USMayors.org, 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)
  • 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 has 58.7% labor force participation rate; within this area, Los Angeles metro has 62.3% labor force participation rate (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)
  • 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]
  • 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: Valinda

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450k500k550k600kPrice in $149k622k

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

Neighborhood: Valinda

NeighborhoodNIR Market*CityMarket2010Year2000 Q42019 Q214001600180020002200240026002800Rent in $13962941

* 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
Wing Lane Elementary School Primary Regular 317 13 4
William Workman High School High Regular 1,165 50 5

Wing Lane Elementary School

  • Education Level: Primary
  • # of students: 317
  • # of teachers: 13
4
GreatSchools Rating

William Workman High School

  • Education Level: High
  • # of students: 1,165
  • # of teachers: 50
5
GreatSchools Rating
 

$526,500$643,500$585,000

PURCHASE PRICE

$1,872$2,288$2,080

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,080
EXPENSES Loan Payment -$2,032
Property Tax -$622
Property Insurance -$55
Property Management Fees -$102
CASH FLOW
-$730

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.

$585,000

PROJECTED PRICE

$2,080

PROJECTED RENT

0.36%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.35%
Appreciation Year (1-5) 8.4%
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$160,775

INVESTMENT

$160,775

Down Payment
$146,250
Rehab Estimate
$5,750
Closing Costs
$8,775

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,032

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $146,250
Loan Amount $438,750
See What Happens When You Reinvest Cash Flow

0.42

YEARS SAVED

$868

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,080

    LIST RENT
  • $1.82

    LIST RENT PER SQFT
  • $2,088

    COMP ESTIMATED VALUE
  • $1.83

    COMP AVG. RENT PER SQFT
Comps Range
$2,000
1$2,0002$2,0003$2,0804$2,2005$2,450
$2,450
RENT COMPS ANALYSIS
  • 714 Elsberry Avenue La Puente, CA 3
    • 3 beds 2 baths ∙ 1,144 Sqft ∙ Built 1961 3 beds 2 baths ∙ 1,144 Sqft ∙ Built 1961
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,080
    • $1.82
    •  
  • 1310 Peppertree Circle West Covina, CA 1
    • 3 beds 2 baths ∙ 1,152 Sqft ∙ Built 1972 3 beds 2 baths ∙ 1,152 Sqft ∙ Built 1972
    property image
    LEASED 09/23/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,000
    • $1.74
    •  
  • 15766 Cadwell Street La Puente, CA 2
    • 3 beds 2 baths ∙ 1,050 Sqft ∙ Built 1955 3 beds 2 baths ∙ 1,050 Sqft ∙ Built 1955
    property image
    LEASED 12/23/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,000
    • $1.90
    •  
  • 16622 Gumbiner Drive La Puente, CA 4
    • 3 beds 2 baths ∙ 1,141 Sqft ∙ Built 1957 3 beds 2 baths ∙ 1,141 Sqft ∙ Built 1957
    property image
    LEASED 09/25/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,200
    • $1.93
    •  
  • 412 Rimgrove Drive La Puente, CA 5
    • 4 beds 2 baths ∙ 1,420 Sqft ∙ Built 1956 4 beds 2 baths ∙ 1,420 Sqft ∙ Built 1956
    property image
    LEASED 12/15/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,450
    • $1.73
    •  
PROPERTY LISTING DETAILS
Armando Perez
Coldwell Banker Leaders
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: CV21010535
Last Updated: 02/26/2021
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