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10215 Gunn Avenue Whittier, CA 90605

3 Beds 2 Baths 1,190 sqft Built 1951

$579,000

List Price

$2,490

$2.2K - $2.7K

Rent Est.

PROPERTY INFO

December 24, 2020 RECENTLY ADDED
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

NeighborhoodNIR Market*CityMarket2010Year20002019200k250k300k350k400k450k500k550k600kPrice in $153k622k

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

Neighborhood: South Whittier

NeighborhoodNIR Market*CityMarket2010Year2000 Q42019 Q214001600180020002200240026002800Rent in $13892941

* 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
Pioneer High School High Regular 1,414 57 6

Pioneer High School

  • Education Level: High
  • # of students: 1,414
  • # of teachers: 57
6
GreatSchools Rating
 

$521,100$636,900$579,000

PURCHASE PRICE

$2,241$2,739$2,490

RENT

DOWN PAYMENT
FINANCING

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

ASSUMPTIONS

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
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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$159,185

INVESTMENT

$159,185

Down Payment
$144,750
Rehab Estimate
$5,750
Closing Costs
$8,685

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,136

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $144,750
Loan Amount $434,250
See What Happens When You Reinvest Cash Flow

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
$2,350
1$2,3502$2,4903$2,5004$2,8005$2,945
$2,945
RENT COMPS ANALYSIS
  • 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
Willie Garcia
Uptown Realtors
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: PW20262441
Last Updated: 12/24/2020
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