Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more

947 N Orange Avenue Azusa, CA 91702

4 Beds 2 Baths 1,613 sqft Built 1950

$628,888

List Price

$2,700

$2.5K - $3K

Rent Est.

PROPERTY INFO

November 21, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1950
  • Price/Sqft : $389.89
  • 2 Days on Market
  • MLS # : MB20243146
  • Updated Date : 11/21/2020 at 12:33
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,613 sqft
  • Baths : 2 full
Listing Agent

L.a. Real Estate Network Group

Listing Agent's Description

PLEASE HAVE YOUR CLIENTS VIEW THE CONTACTLESS VIRTUAL TOUR LINK AND MLS PICTURES FIRST. WOW!! WOW!! Beautiful LARGE TURN KEY HOME in move in condition. Beautiful corner lot with fenced in yards, nice landscaping with mature palm trees, great porch entry, huge living room, newer windows, updated family kitchen, large 4- bedrooms, 2 full baths, great floor plan for large family that may want a little privacy. New carpeting, new roof, huge lot with detached garage in rear with rear access and plenty of cemented parking for you're toys, vehicles and parties. Ready for the new owner to call home. SEE IT, LOVE IT, BUY IT!

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • 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)

PRICE & RENT TRENDS

Neighborhood: Azusa

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450k500k550k600kPrice in $150k622k

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

Neighborhood: Azusa

NeighborhoodNIR Market*CityMarket2010Year2000 Q42019 Q214001600180020002200240026002800Rent in $13812941

* 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
Victor Hodge Elementary School Primary Regular 660 28 5
Slauson Middle School Middle Regular 782 33 3
Azusa High School High Regular 1,393 65 5

Victor Hodge Elementary School

  • Education Level: Primary
  • # of students: 660
  • # of teachers: 28
5
GreatSchools Rating

Slauson Middle School

  • Education Level: Middle
  • # of students: 782
  • # of teachers: 33
3
GreatSchools Rating

Azusa High School

  • Education Level: High
  • # of students: 1,393
  • # of teachers: 65
5
GreatSchools Rating
 

$565,999$691,777$628,888

PURCHASE PRICE

$2,430$2,970$2,700

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,700
EXPENSES Loan Payment -$2,320
Property Tax -$663
Property Insurance -$66
Property Management Fees -$132
CASH FLOW
-$482

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.

$628,888

PROJECTED PRICE

$2,700

PROJECTED RENT

0.43%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.35%
Appreciation Year (1-5) 7.6%
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$500k$1.0M$1.5M$2.0M

PROJECTED ANNUAL CASH FLOW

11530-$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$172,405

INVESTMENT

$172,405

Down Payment
$157,222
Rehab Estimate
$5,750
Closing Costs
$9,433

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,320

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $157,222
Loan Amount $471,666
See What Happens When You Reinvest Cash Flow

2.5

YEARS SAVED

$14,497

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,700

    LIST RENT
  • $1.67

    LIST RENT PER SQFT
  • $2,907

    COMP ESTIMATED VALUE
  • $1.8

    COMP AVG. RENT PER SQFT
Comps Range
$2,600
1$2,6002$2,7003$2,8004$3,1005$3,200
$3,200
RENT COMPS ANALYSIS
  • 947 N Orange Avenue Azusa, CA 2
    • 4 beds 2 baths ∙ 1,613 Sqft ∙ Built 1950 4 beds 2 baths ∙ 1,613 Sqft ∙ Built 1950
    • Rent
    • Rent Per SQFT
    •  
    • $2,700
    • $1.67
    •  
  • 1227 N Pasadena Avenue Azusa, CA 1
    • 3 beds 2 baths ∙ 1,437 Sqft ∙ Built 1960 3 beds 2 baths ∙ 1,437 Sqft ∙ Built 1960
    LEASED 06/29/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,600
    • $1.81
    •  
  • 5921 Cedarglen Drive Azusa, CA 3
    • 4 beds 2 baths ∙ 1,468 Sqft ∙ Built 1955 4 beds 2 baths ∙ 1,468 Sqft ∙ Built 1955
    LEASED 08/17/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,800
    • $1.91
    •  
  • 3041 Gardi Street Duarte, CA 4
    • 4 beds 3 baths ∙ 1,775 Sqft ∙ Built 1957 4 beds 3 baths ∙ 1,775 Sqft ∙ Built 1957
    LEASED 03/31/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,100
    • $1.75
    •  
  • 916 W Donington Street Glendora, CA 5
    • 4 beds 2 baths ∙ 1,840 Sqft ∙ Built 1955 4 beds 2 baths ∙ 1,840 Sqft ∙ Built 1955
    LEASED 11/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,200
    • $1.74
    •  
PROPERTY LISTING DETAILS
Ray Duran, Jr.
L.a. Real Estate Network Group
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: MB20243146
Last Updated: 11/21/2020
BESbswy