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PROPERTY INFO
FACTS
- Single Family
- Built In 1951
- Price/Sqft : $486.55
- 4 Days on Market
- MLS # : PW20262441
- Updated Date : 12/24/2020 at 11:33
CONSTRUCTION
- Beds : 3
- Floor Size : 1,190 sqft
- Baths : 2 full
Listing Agent
Uptown Realtors
Listing Agent's Description
CUTE WHITTIER HOME, LOCATED IN SOUTH WHITTIER ADVENTURE PARK NEIGHBORHOOD. PROPERTY CONSIST OF 3 BEDROOMS, 2 BATHS WITH A HUGE 9,745 SQUARE FOOT LOT. KITCHEN HAS BEEN RECENTLY REMODELED WITH NEW CUSTOM WHITE CABINETS, ENTIRE WALL BACKSPLASH HAS BEEN VENEERED WITH WHITE SUBWAY TILES, QUARTZ COUNTERTOPS, STAINLESS STEEL APPLIANCES, NEW CAN LIGHTING, LAMINATE WOOD FLOORS AND FRESHLY PAINTED. BOTH BATHROOMS HAVE BEEN REMODELED, MASTER BATHROOM HAS NEW WALK-IN SHOWER WITH FLOOR TO CEILING PORCELAIN TILE, CUSTOM BARN GLASS SHOWER DOOR, NEW DOUBLE SINK VANITY, CUSTOM MIRRORS, NEW CAN LIGHTING, NEW TOILET, NEW LAMINATE WOOD FLOORS, NEW FIXTURES AND FRESHLY PAINTED. SECOND BATHROOM REMODELED WITH NEW WALK-IN SHOWER, FLOOR TO CEILING PORCELAIN SHOWER WALLS, NEW VANITY, GLASS BARN SHOWER DOOR, NEW TOILET, NEW DOORS, LAMINATE WOOD FLOORS, NEW FIXTURES AND FRESHLY PAINTED. BEDROOMS HAVE BEEN FRESHLY PAINTED, NEW CEILING FANS AND HAVE LAMINATE WOOD FLOORING. FIREPLACE IN LIVINGROOM, NEW ELECTRICAL PANEL, NEW DOUBLE PANE WINDOWS THROUGHOUT, NEW CAN LIGHTING THROUGHOUT, INTERIOR HAS BEEN FRESHLY PAINTED, GOOD SIZE REAR PATIO. PROPERTY IS WITHIN MINUTES TO UPTOWN WHITTIER, CALIFORNIA HIGH SCHOOL, ADVENTURE PARK AND THE QUAD SHOPPING MALL.
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MARKET HIGHLIGHTS
- 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)
- 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]
PRICE & RENT TRENDS
Neighborhood: South Whittier
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: South Whittier
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $2,490 |
| EXPENSES | Loan Payment | -$2,136 |
| Property Tax | -$614 | |
| Property Insurance | -$56 | |
| Property Management Fees | -$122 | |
|
CASH FLOW
-$438
|
||
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.
$579,000
PROJECTED PRICE
$2,490
PROJECTED RENT
0.43%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 4.35% |
| Appreciation Year (1-5) | 7.0% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 4.14% |
| Length of Stay Years | 2 |
PROJECTED ACCUMULATED WEALTH
30 YEAR PROJECTION
- Cash Flow
- Appreciation
- Principal
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$159,185
LOAN DETAILS
$2,136
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $144,750 |
| Loan Amount | $434,250 |
2.5
YEARS SAVED
$13,625
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$2,490
LIST RENT -
$2.09
LIST RENT PER SQFT
-
$2,484
COMP ESTIMATED VALUE -
$2.09
COMP AVG. RENT PER SQFT
Comps Range
-
10215 Gunn Avenue Whittier, CA 2
- 3 beds 2 baths ∙ 1,190 Sqft ∙ Built 1951 3 beds 2 baths ∙ 1,190 Sqft ∙ Built 1951
![property image]()
- Rent
- Rent Per SQFT
- $2,490
- $2.09
-
14102 La Forge Street Whittier, CA 1
- 3 beds 1 baths ∙ 1,094 Sqft ∙ Built 1950 3 beds 1 baths ∙ 1,094 Sqft ∙ Built 1950
![property image]()
LEASED 06/05/20- Rent
- Rent Per SQFT
- $2,350
- $2.15
-
13213 Danbrook Drive Whittier, CA 3
- 3 beds 1 baths ∙ 1,211 Sqft ∙ Built 1940 3 beds 1 baths ∙ 1,211 Sqft ∙ Built 1940
![property image]()
LEASED 09/09/19- Rent
- Rent Per SQFT
- $2,500
- $2.06
-
10303 Devillo Drive Whittier, CA 4
- 3 beds 2 baths ∙ 1,344 Sqft ∙ Built 1955 3 beds 2 baths ∙ 1,344 Sqft ∙ Built 1955
![property image]()
LEASED 12/22/19- Rent
- Rent Per SQFT
- $2,800
- $2.08
-
9103 Bluford Avenue Whittier, CA 5
- 4 beds 2 baths ∙ 1,428 Sqft ∙ Built 1948 4 beds 2 baths ∙ 1,428 Sqft ∙ Built 1948
![property image]()
LEASED 08/05/20- Rent
- Rent Per SQFT
- $2,945
- $2.06
PROPERTY LISTING DETAILS
Uptown Realtors
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
MLS #: PW20262441
Last Updated: 12/24/2020
