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10657 Jordan Road Whittier, CA 90603

5 Beds 4 Baths 2,784 sqft Built 1957

$918,000

List Price

$3,960

$3.7K - $4.2K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
FACTS
  • Single Family
  • Built In 1957
  • Price/Sqft : $329.74
  • 11 Days on Market
  • MLS # : OC21044830
  • Updated Date : 03/13/2021 at 11:36
CONSTRUCTION
  • Beds : 5
  • Floor Size : 2,784 sqft
  • Baths : 4 full
Listing Agent

Compass Land Advisors, Inc.

Listing Agent's Description

Location, Location, Location..Found in a very desirable East Whittier neighborhood near Whittwood shopping mall, excellent East Whittier School District infact, this home is located across from Jordan Elementary School a very quiet and established neighborhood. Home presents itself with an amazing open floor plan, tons of space, large living room with island as center piece of living area. A more formal family room with a fire place. 4 bedroom downstairs with 2 baths while Second floor present itself with loft and huge masterbedroom with a very large master-bath. Also, adjacent to master you have a fabouls retreat area with wet bar. Backyard presents itself with pool a casita which it might be turned as ADU?!. House is in needs of TLC or bring your contractor.. Seller Motivated!

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MARKET HIGHLIGHTS

  • 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.
  • 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]
  • 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)

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
Rancho-starbuck Intermediate School Middle Regular 774 28 8
La Habra High School High Magnet 2,230 73 7

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
 

$826,200$1,009,800$918,000

PURCHASE PRICE

$3,564$4,356$3,960

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,960
EXPENSES Loan Payment -$3,189
Property Tax -$910
Property Insurance -$94
Property Management Fees -$194
CASH FLOW
-$427

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.

$918,000

PROJECTED PRICE

$3,960

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$2.5M

PROJECTED ANNUAL CASH FLOW

11530-$10k$0.0$10k$20k$30k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$500k$1.0M$1.5M$2.0M$2.5M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$249,020

INVESTMENT

$249,020

Down Payment
$229,500
Rehab Estimate
$5,750
Closing Costs
$13,770

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$3,189

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $229,500
Loan Amount $688,500
See What Happens When You Reinvest Cash Flow

3.92

YEARS SAVED

$33,461

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,960

    LIST RENT
  • $1.42

    LIST RENT PER SQFT
  • $4,788

    COMP ESTIMATED VALUE
  • $1.72

    COMP AVG. RENT PER SQFT
Comps Range
$3,960
1$3,9602$4,200
$4,200
RENT COMPS ANALYSIS
  • 10657 Jordan Road Whittier, CA 1
    • 5 beds 4 baths ∙ 2,784 Sqft ∙ Built 1957 5 beds 4 baths ∙ 2,784 Sqft ∙ Built 1957
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $3,960
    • $1.42
    •  
  • 9636 La Cima Drive Whittier, CA 2
    • 4 beds 3 baths ∙ 2,441 Sqft ∙ Built 1953 4 beds 3 baths ∙ 2,441 Sqft ∙ Built 1953
    property image
    LEASED 03/25/20
    • Rent
    • Rent Per SQFT
    •  
    • $4,200
    • $1.72
    •  
PROPERTY LISTING DETAILS
Raffaele Suprano
Compass Land Advisors, Inc.
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: OC21044830
Last Updated: 03/13/2021
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