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818 E Griffith Street Azusa, CA 91702

3 Beds 3 Baths 2,871 sqft Built 2007

$858,000

List Price

$3,680

$3.4K - $3.9K

Rent Est.

PROPERTY INFO

October 31, 2020 RECENTLY ADDED
FACTS
  • Built In 2007
  • Price/Sqft : $298.85
  • 5 Days on Market
  • MLS # : WS20229666
  • Updated Date : 10/31/2020 at 05:11
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,871 sqft
  • Baths : 3 full
Listing Agent

Win-win Realty

Listing Agent's Description

This Stunning Rosedale home was built in 2007;3 bedrooms and a large office. total 2900 Sq.ft. Large family room with fire-place, Can be made into 4 bedroom easily; With serine and private courtyard for private parties or just relax and reading a book. Gorgeous wood flooring, custom interior paint, custom kitchen cabinets, island kitchen, recessed lighting, built in appliances; Magnificent views from the backyard, sun-rise view from the bedroom, perfectly situated in a quiet cul-de-sac. The community has a Recreation Center, with large lounging area, that is suitable for big parties, The center is beautifully decorated and furnished with an outdoor fire-place, suitable for barbecues. Amenities including a Kitchen and Gym for residents. also including a large swimming pool and Jacuzzi, low HOA fees. The community features more than 6 parks,2 basketball courts, and volleyball areas. This is a dream home!

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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: 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
 

$772,200$943,800$858,000

PURCHASE PRICE

$3,312$4,048$3,680

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,680
EXPENSES Loan Payment -$3,166
Property Tax -$954
Property Insurance -$96
HOA -$139
Property Management Fees -$180
CASH FLOW
-$855

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.

$858,000

PROJECTED PRICE

$3,680

PROJECTED RENT

0.43%

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

PROJECTED ANNUAL CASH FLOW

11530-$15k-$10k-$5.0k$0.0$5.0k$10k$15k$20k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$233,120

INVESTMENT

$233,120

Down Payment
$214,500
Rehab Estimate
$5,750
Closing Costs
$12,870

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$3,166

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $214,500
Loan Amount $643,500
See What Happens When You Reinvest Cash Flow

1.5

YEARS SAVED

$8,779

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,680

    LIST RENT
  • $1.28

    LIST RENT PER SQFT
  • $3,732

    COMP ESTIMATED VALUE
  • $1.3

    COMP AVG. RENT PER SQFT
Comps Range
$3,600
1$3,6002$3,6803$3,8004$3,8005$4,000
$4,000
RENT COMPS ANALYSIS
  • 818 E Griffith Street Azusa, CA 2
    • 3 beds 3 baths ∙ 2,871 Sqft ∙ Built 2007 3 beds 3 baths ∙ 2,871 Sqft ∙ Built 2007
    • Rent
    • Rent Per SQFT
    •  
    • $3,680
    • $1.28
    •  
  • 1306 N Crape Myrtle Azusa, CA 1
    • 4 beds 3 baths ∙ 2,871 Sqft ∙ Built 2007 4 beds 3 baths ∙ 2,871 Sqft ∙ Built 2007
    LEASED 12/17/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,600
    • $1.25
    •  
  • 499 E Desert Willow Road Azusa, CA 3
    • 4 beds 4 baths ∙ 2,960 Sqft ∙ Built 2014 4 beds 4 baths ∙ 2,960 Sqft ∙ Built 2014
    LEASED 10/04/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,800
    • $1.28
    •  
  • 1318 N Crape Myrtle Drive Azusa, CA 4
    • 4 beds 2 baths ∙ 2,957 Sqft ∙ Built 2007 4 beds 2 baths ∙ 2,957 Sqft ∙ Built 2007
    LEASED 06/05/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,800
    • $1.29
    •  
  • 1312 N Macneil Drive Azusa, CA 5
    • 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
    •  
PROPERTY LISTING DETAILS
Vivi Chu
Win-win Realty
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: WS20229666
Last Updated: 10/31/2020
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