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

1020 Sturbridge Drive La Habra, CA 90631

3 Beds 2 Baths 1,320 sqft Built 1959

INVESTimate

$635,000

List Price

$2,640

$2,390 - $2,890

Rent Est.

$676,847  ( +6.59%)   1 YR EST. FORECAST

PROPERTY INFO

August 21, 2020 RECENTLY ADDED
FACTS
  • Built In 1959
  • Price/Sqft : $481.06
  • 7 Days on Market
  • MLS # : IV20171174
  • Updated Date : 08/20/2020 at 19:08
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,320 sqft
  • Baths : 2 full
Listing Agent

Guardian Realty

Listing Agent's Description

Fantastic Property!!! An older home in a very sought after location, teeming with high end upgrades !!! Nice French Door, Newer Kitchen Cabinets, Newer Windows, Authentic Wood Flooring, Upgraded Bathrooms, Solar Water Heater, Nicely Landscaped front yard. Enhanced Covered Patio. A MUST SEE.... This house is very close, almost walking distance to the newly updated West Ridge Plaza that houses Trader Joes and Sprout. Sellers just recently spent $20,000.00 worth of Energy Efficient Upgrades which are already included in the price, No HERO program or the like to pay or assume. Priced to sell....

SEE MORE

MARKET HIGHLIGHTS

  • 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]
  • Southern California area contributes to 55.3% of California state economy i.e. Gross State Product (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's economy is worth $1.58 trillion in Gross Metro Product and projected to grow to $1.67 trillion (USMayors.org, 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)
  • As part of Southern California area, Orange County 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)

PRICE & RENT TRENDS

Zip Code: 90631

ZipNIR Market*CityMarket2010Year20002019250k300k350k400k450k500k550k600k650k700kPrice in $217k742k

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

Zip Code: 90631

ZipNIR Market*CityMarket2010Year2000 Q22019 Q218002000220024002600280030003200Rent in $17143345

* 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
Olita Elementary School Primary Regular 461 18 7
Rancho-starbuck Intermediate School Middle Regular 774 28 8
La Habra High School High Magnet 2,230 73 7

Olita Elementary School

  • Education Level: Primary
  • # of students: 461
  • # of teachers: 18
7
GreatSchools Rating

Rancho-starbuck Intermediate School

  • Education Level: Middle
  • # of students: 774
  • # of teachers: 28
8
GreatSchools Rating

La Habra High School

  • Education Level: High
  • # of students: 2,230
  • # of teachers: 73
7
GreatSchools Rating
 

$571,500$698,500$635,000

PURCHASE PRICE

$2,376$2,904$2,640

RENT

DOWN PAYMENT
FINANCING

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

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,640
EXPENSES Loan Payment -$2,343
Property Tax -$624
Property Insurance -$59
Property Management Fees -$129
CASH FLOW
-$515

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.

$635,000

PROJECTED PRICE

$2,640

PROJECTED RENT

0.42%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.24%
Appreciation Year (1-5) 6.59%
Maintenance Year (1-5) 8.00%
Vacancy 5.38%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$174,025

INVESTMENT

$174,025

Down Payment
$158,750
Rehab Estimate
$5,750
Closing Costs
$9,525

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,343

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $158,750
Loan Amount $476,250
See What Happens When You Reinvest Cash Flow

2.17

YEARS SAVED

$10,823

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,640

    LIST RENT
  • $2

    LIST RENT PER SQFT
  • $2,657

    COMP ESTIMATED VALUE
  • $2.01

    COMP AVG. RENT PER SQFT
Comps Range
$2,450
1$2,4502$2,6403$2,7954$2,8505$2,950
$2,950
RENT COMPS ANALYSIS
  • 1020 Sturbridge Drive La Habra, 2
    • 3 beds 2 baths ∙ 1,320 Sqft ∙ Built 1959 3 beds 2 baths ∙ 1,320 Sqft ∙ Built 1959
    • Rent
    • Rent Per SQFT
    •  
    • $2,640
    • $2.00
    •  
  • 501 Mariposa Street La Habra, 1
    • 3 beds 1 baths ∙ 1,187 Sqft ∙ Built 1958 3 beds 1 baths ∙ 1,187 Sqft ∙ Built 1958
    LEASED 09/05/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,450
    • $2.06
    •  
  • 16553 Brass Lantern Drive La Mirada, 3
    • 4 beds 2 baths ∙ 1,492 Sqft ∙ Built 1962 4 beds 2 baths ∙ 1,492 Sqft ∙ Built 1962
    LEASED 09/12/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,795
    • $1.87
    •  
  • 910 Cedarwood Drive La Habra, 4
    • 4 beds 2 baths ∙ 1,407 Sqft ∙ Built 1958 4 beds 2 baths ∙ 1,407 Sqft ∙ Built 1958
    LEASED 01/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,850
    • $2.03
    •  
  • 16340 Red Coach Lane Whittier, 5
    • 3 beds 2 baths ∙ 1,414 Sqft ∙ Built 1962 3 beds 2 baths ∙ 1,414 Sqft ∙ Built 1962
    LEASED 09/02/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,950
    • $2.09
    •  
PROPERTY LISTING DETAILS
Edgardo Espiritu
Guardian Realty
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: IV20171174
Last Updated: 08/20/2020
BESbswy