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PROPERTY INFO
FACTS
- Single Family
- Built In 1960
- Price/Sqft : $511.17
- 4 Days on Market
- MLS # : PW20238265
- Updated Date : 11/13/2020 at 20:19
CONSTRUCTION
- Beds : 3
- Floor Size : 1,164 sqft
- Baths : 2 full
Listing Agent
Realty One Group Synergy
Listing Agent's Description
This Whittier Home is absolutely gorgeous and will not last long! Sitting in a quiet peaceful neighborhood on a cul-de-sac, features a spacious layout of 1,164 Sqft living space, 3 large bedrooms, 2 updated bathrooms, a living room with a beautiful a formal dining room, a roomy kitchen, a master bedroom with bathroom. Other features include Central AC/Heat, laminate wood floors, recess lightning as well as plenty of natural light throughout the home and a laundry room. House sits on a raised foundation, copper plumbing throughout, upgraded electrical panel and so much more. The lot measures 6,406 Sqft featuring a lush green lawn, a covered patio front and back lawn with back patio perfect for entertaining! The schools in the area are highly rated, feeding into La Serna High School. Many beautiful parks nearby as well as restaurants, shops and just minutes from Whittwood Town Center. Thank you for viewing this home!
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MARKET HIGHLIGHTS
- 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]
- 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)
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 | -$2,195 |
| Property Tax | -$615 | |
| Property Insurance | -$55 | |
| Property Management Fees | -$122 | |
|
CASH FLOW
-$498
|
||
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.
$595,000
PROJECTED PRICE
$2,490
PROJECTED RENT
0.42%
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
$163,425
LOAN DETAILS
$2,195
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $148,750 |
| Loan Amount | $446,250 |
2.33
YEARS SAVED
$11,333
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 -
$2.14
LIST RENT PER SQFT
-
$2,194
COMP ESTIMATED VALUE -
$1.89
COMP AVG. RENT PER SQFT
Comps Range
-
10830 Archway Drive Whittier, CA 1
- 3 beds 2 baths ∙ 1,164 Sqft ∙ Built 1960 3 beds 2 baths ∙ 1,164 Sqft ∙ Built 1960
![property image]()
- Rent
- Rent Per SQFT
- $2,490
- $2.14
-
15832 Santa Fe Street Whittier, CA 2
- 3 beds 2 baths ∙ 1,359 Sqft ∙ Built 1956 3 beds 2 baths ∙ 1,359 Sqft ∙ Built 1956
![property image]()
LEASED 07/26/19- Rent
- Rent Per SQFT
- $2,500
- $1.84
-
15537 Dittmar Drive Whittier, CA 3
- 3 beds 2 baths ∙ 1,359 Sqft ∙ Built 1955 3 beds 2 baths ∙ 1,359 Sqft ∙ Built 1955
![property image]()
LEASED 08/01/19- Rent
- Rent Per SQFT
- $2,600
- $1.91
-
15039 Goodhue Street Whittier, CA 4
- 3 beds 1 baths ∙ 1,444 Sqft ∙ Built 1955 3 beds 1 baths ∙ 1,444 Sqft ∙ Built 1955
![property image]()
LEASED 02/07/20- Rent
- Rent Per SQFT
- $2,700
- $1.87
-
14417 Allegan Street Whittier, CA 5
- 3 beds 2 baths ∙ 1,461 Sqft ∙ Built 1954 3 beds 2 baths ∙ 1,461 Sqft ∙ Built 1954
![property image]()
LEASED 02/20/20- Rent
- Rent Per SQFT
- $2,800
- $1.92
PROPERTY LISTING DETAILS
Realty One Group Synergy
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
MLS #: PW20238265
Last Updated: 11/13/2020
