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10528 El Braso Drive Whittier, CA 90603

3 Beds 3 Baths 1,890 sqft Built 1955

$749,000

List Price

$3,200

$3K - $3.5K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
February 18, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1955
  • Price/Sqft : $396.30
  • 5 Days on Market
  • MLS # : PW21031693
  • Updated Date : 02/19/2021 at 14:15
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,890 sqft
  • Baths : 2 full , 1 half
Listing Agent

Keller Williams Rlty Whittier

Listing Agent's Description

Welcome to this charming home located in one of the most sought-after neighborhoods in Whittier. This 3 bed, 2.5 bath Whittwood home with great curb appeal boasts just under 1900 sq. ft, a rare find in this clean and desirable neighborhood! Enter through the front door off the inviting porch area into a light and bright living room complete with a cozy brick fireplace with custom mantle and beautiful original hardwood flooring. Spacious master suite offers large walk-in closet with lots of storage, new carpet, ceiling fan, private backyard access, and an attached master bathroom offering a vanity area and sunken shower/tub. Additional features include central heating and air conditioning, fresh paint throughout, bonus/sunroom area, convenient inside laundry room off kitchen, and an additional wood burning fireplace in area off kitchen (which could either serve as a secondary living room or formal dining room). The long driveway allows for plenty of parking which leads you back into your detached 2 car garage offering storage and small work bench area. Back and side yards have wrought iron fencing, high retaining walls, and new side fence that provide you with privacy and security. Mature fruit trees offer plenty of shade, ideal for dining al fresco on the back patio. Walking distance to shops, restaurants, entertainment, and award-winning schools. This home won’t last long!

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • 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)
  • 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)

PRICE & RENT TRENDS

Neighborhood: Whittier

NeighborhoodNIR Market*CityMarket2010Year20002019200k250k300k350k400k450k500k550k600kPrice in $178k622k

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

Neighborhood: Whittier

NeighborhoodNIR Market*CityMarket2010Year2000 Q42019 Q21600180020002200240026002800Rent in $14492941

* 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
Leffingwell Elementary School Primary Regular 652 25 10
Granada Middle School Middle Regular 1,087 41 8
La Serna High School High Regular 2,940 100 9

Leffingwell Elementary School

  • Education Level: Primary
  • # of students: 652
  • # of teachers: 25
10
GreatSchools Rating

Granada Middle School

  • Education Level: Middle
  • # of students: 1,087
  • # of teachers: 41
8
GreatSchools Rating

La Serna High School

  • Education Level: High
  • # of students: 2,940
  • # of teachers: 100
9
GreatSchools Rating
 

$674,100$823,900$749,000

PURCHASE PRICE

$2,880$3,520$3,200

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,200
EXPENSES Loan Payment -$2,602
Property Tax -$783
Property Insurance -$73
Property Management Fees -$157
CASH FLOW
-$414

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.

$749,000

PROJECTED PRICE

$3,200

PROJECTED RENT

0.43%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.48%
Appreciation Year (1-5) 6.2%
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-$10k-$5.0k$0.0$5.0k$10k$15k$20k$25k

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$204,235

INVESTMENT

$204,235

Down Payment
$187,250
Rehab Estimate
$5,750
Closing Costs
$11,235

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 55% down payment or higher enables the proceeds from the asset to cover all costs.

$2,602

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $187,250
Loan Amount $561,750
See What Happens When You Reinvest Cash Flow

3.42

YEARS SAVED

$21,964

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,200

    LIST RENT
  • $1.69

    LIST RENT PER SQFT
  • $3,265

    COMP ESTIMATED VALUE
  • $1.73

    COMP AVG. RENT PER SQFT
Comps Range
$2,900
1$2,9002$2,9003$3,0504$3,2005$3,400
$3,400
RENT COMPS ANALYSIS
  • 10528 El Braso Drive Whittier, CA 4
    • 3 beds 3 baths ∙ 1,890 Sqft ∙ Built 1955 3 beds 3 baths ∙ 1,890 Sqft ∙ Built 1955
    • Rent
    • Rent Per SQFT
    •  
    • $3,200
    • $1.69
    •  
  • 14857 Cedarsprings Drive Whittier, CA 1
    • 4 beds 1 baths ∙ 1,679 Sqft ∙ Built 1951 4 beds 1 baths ∙ 1,679 Sqft ∙ Built 1951
    LEASED 08/25/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,900
    • $1.73
    •  
  • 10502 Bluefield Avenue Whittier, CA 2
    • 4 beds 1 baths ∙ 1,743 Sqft ∙ Built 1954 4 beds 1 baths ∙ 1,743 Sqft ∙ Built 1954
    LEASED 01/17/21
    • Rent
    • Rent Per SQFT
    •  
    • $2,900
    • $1.66
    •  
  • 10714 Avonbury Avenue Whittier, CA 3
    • 4 beds 3 baths ∙ 1,797 Sqft ∙ Built 1953 4 beds 3 baths ∙ 1,797 Sqft ∙ Built 1953
    LEASED 10/24/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,050
    • $1.70
    •  
  • 15208 Cullen Street Whittier, CA 5
    • 3 beds 2 baths ∙ 1,864 Sqft ∙ Built 1952 3 beds 2 baths ∙ 1,864 Sqft ∙ Built 1952
    LEASED 11/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,400
    • $1.82
    •  
PROPERTY LISTING DETAILS
Jacquelyn Petropulos
Keller Williams Rlty Whittier
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: PW21031693
Last Updated: 02/19/2021
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