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10601 Cordoba Court Whittier, CA 90601

4 Beds 3 Baths 1,875 sqft Built 1967

$549,900

List Price

$2,870

$2.6K - $3.1K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
FACTS
  • Single Family
  • Built In 1967
  • Price/Sqft : $293.28
  • 20 Days on Market
  • MLS # : PW21021752
  • Updated Date : 02/19/2021 at 13:40
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,875 sqft
  • Baths : 2 full , 1 half
Listing Agent

Bhhs Ca Properties

Listing Agent's Description

Come see this beautiful 4 bedroom, 2 1/2 bath, home located in the Hill ’N Dale Community. This wonderful end unit home offers an open floor plan with a spacious kitchen, dining area and family room with fireplace. You will appreciate the large Master bedroom with recently remodeled master bath and access to a private balcony with amazing views. Additional features include, indoor laundry, remodeled downstairs half bath, new ac/heating, dishwasher, microwave and a large 2 car garage, a main level private enclosed patio with beautiful wood composite decking great for entertaining or just relaxing, huge HOA pool, close to freeways, shopping, dining and more.

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
Longfellow Elementary School Primary Regular 593 22 5
Walter F. Dexter Middle School Middle Regular 1,097 41 4
Whittier High School High Regular 2,164 83 6

Longfellow Elementary School

  • Education Level: Primary
  • # of students: 593
  • # of teachers: 22
5
GreatSchools Rating

Walter F. Dexter Middle School

  • Education Level: Middle
  • # of students: 1,097
  • # of teachers: 41
4
GreatSchools Rating

Whittier High School

  • Education Level: High
  • # of students: 2,164
  • # of teachers: 83
6
GreatSchools Rating
 

$494,910$604,890$549,900

PURCHASE PRICE

$2,583$3,157$2,870

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,870
EXPENSES Loan Payment -$1,910
Property Tax -$596
Property Insurance -$72
HOA -$260
Property Management Fees -$141
CASH FLOW
-$109

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.

$549,900

PROJECTED PRICE

$2,870

PROJECTED RENT

0.52%

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$200k$400k$600k$800k$1.0M$1.2M$1.4M$1.6M$1.8M

PROJECTED ANNUAL CASH FLOW

11530-$5.0k$0.0$5.0k$10k$15k$20k

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$151,474

INVESTMENT

$151,474

Down Payment
$137,475
Rehab Estimate
$5,750
Closing Costs
$8,249

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 50% down payment or higher enables the proceeds from the asset to cover all costs.

$1,910

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $137,475
Loan Amount $412,425
See What Happens When You Reinvest Cash Flow

5.17

YEARS SAVED

$29,489

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,870

    LIST RENT
  • $1.53

    LIST RENT PER SQFT
  • $3,009

    COMP ESTIMATED VALUE
  • $1.61

    COMP AVG. RENT PER SQFT
Comps Range
$2,550
1$2,5502$2,8703$3,0004$3,1505$3,200
$3,200
RENT COMPS ANALYSIS
  • 10601 Cordoba Court Whittier, CA 2
    • 4 beds 3 baths ∙ 1,875 Sqft ∙ Built 1967 4 beds 3 baths ∙ 1,875 Sqft ∙ Built 1967
    • Rent
    • Rent Per SQFT
    •  
    • $2,870
    • $1.53
    •  
  • 5061 Cape Tenez Drive Whittier, CA 1
    • 3 beds 3 baths ∙ 1,605 Sqft ∙ Built 1975 3 beds 3 baths ∙ 1,605 Sqft ∙ Built 1975
    LEASED 09/02/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,550
    • $1.59
    •  
  • 11212 Hadley Street Whittier, CA 3
    • 3 beds 1 baths ∙ 1,900 Sqft ∙ Built 1949 3 beds 1 baths ∙ 1,900 Sqft ∙ Built 1949
    LEASED 11/13/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,000
    • $1.58
    •  
  • 12516 Whitley Street Whittier, CA 4
    • 3 beds 2 baths ∙ 1,930 Sqft ∙ Built 1985 3 beds 2 baths ∙ 1,930 Sqft ∙ Built 1985
    LEASED 09/11/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,150
    • $1.63
    •  
  • 5526 Bridgeview Avenue Pico Rivera, CA 5
    • 4 beds 2 baths ∙ 1,970 Sqft ∙ Built 1950 4 beds 2 baths ∙ 1,970 Sqft ∙ Built 1950
    LEASED 05/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,200
    • $1.62
    •  
PROPERTY LISTING DETAILS
Julie Clark
Bhhs Ca Properties
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: PW21021752
Last Updated: 02/19/2021
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