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10839 Arroyo Drive Whittier, CA 90604

4 Beds 2 Baths 2,194 sqft Built 1954

$699,000

List Price

$3,660

$3.4K - $3.9K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 06, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1954
  • Price/Sqft : $318.60
  • 3 Days on Market
  • MLS # : WS21046832
  • Updated Date : 03/06/2021 at 09:23
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,194 sqft
  • Baths : 2 full
Listing Agent

Reh Real Estate

Listing Agent's Description

Find me 1/2 an acre vacant lot on flat buildable land in Whittier for less money! Handyman special in Whittier, Ca just minutes from Friendly Hills. Property sits on a private flag lot hidden from the main road and sits on .42 acres of land. It's like having your own little private compound. The ranch style home needs a little bit of love and elbow grease to restore it to it's full glory. It boasts 4 bed rooms, 2 bathrooms, a formal dining room, a formal living room, 2 fireplaces, a family room, a foyer, a 5 ton HVAC system. an oversized laundry room, a spa tub, a swimming pool, an extra deep koi pond, backyard patio with built in barbeque, and solar panels that are owned and paid off. The pool is need of repairs as per photos.

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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)
  • 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]
  • 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)
  • Southern California's economy is worth $1.58 trillion in Gross Metro Product and projected to grow to $1.67 trillion (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 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

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
La Colima Elementary School Primary Regular 522 21 6
Hillview Middle School Middle Regular 676 31 6
La Serna High School High Regular 2,940 100 9

La Colima Elementary School

  • Education Level: Primary
  • # of students: 522
  • # of teachers: 21
6
GreatSchools Rating

Hillview Middle School

  • Education Level: Middle
  • # of students: 676
  • # of teachers: 31
6
GreatSchools Rating

La Serna High School

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

$629,100$768,900$699,000

PURCHASE PRICE

$3,294$4,026$3,660

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,660
EXPENSES Loan Payment -$2,428
Property Tax -$785
Property Insurance -$80
Property Management Fees -$179
CASH FLOW
$188

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.

$699,000

PROJECTED PRICE

$3,660

PROJECTED RENT

0.52%

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$500k$1.0M$1.5M$2.0M$2.5M

PROJECTED ANNUAL CASH FLOW

11530$0.0$5.0k$10k$15k$20k$25k$30k$35k

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$190,985

INVESTMENT

$190,985

Down Payment
$174,750
Rehab Estimate
$5,750
Closing Costs
$10,485

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 40% down payment or higher enables the proceeds from the asset to cover all costs.

$2,428

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $174,750
Loan Amount $524,250
See What Happens When You Reinvest Cash Flow

8.08

YEARS SAVED

$75,372

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,660

    LIST RENT
  • $1.67

    LIST RENT PER SQFT
  • $3,889

    COMP ESTIMATED VALUE
  • $1.77

    COMP AVG. RENT PER SQFT
Comps Range
$3,400
1$3,4002$3,5003$3,6604$3,8005$4,200
$4,200
RENT COMPS ANALYSIS
  • 10839 Arroyo Drive Whittier, CA 3
    • 4 beds 2 baths ∙ 2,194 Sqft ∙ Built 1954 4 beds 2 baths ∙ 2,194 Sqft ∙ Built 1954
    • Rent
    • Rent Per SQFT
    •  
    • $3,660
    • $1.67
    •  
  • 15208 Cullen Street Whittier, CA 1
    • 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
    •  
  • 15008 Chalco Street La Mirada, CA 2
    • 5 beds 3 baths ∙ 2,017 Sqft ∙ Built 1958 5 beds 3 baths ∙ 2,017 Sqft ∙ Built 1958
    LEASED 07/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,500
    • $1.74
    •  
  • 14239 Trumball Street Whittier, CA 4
    • 4 beds 3 baths ∙ 2,100 Sqft ∙ Built 1955 4 beds 3 baths ∙ 2,100 Sqft ∙ Built 1955
    LEASED 05/29/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,800
    • $1.81
    •  
  • 9636 La Cima Drive Whittier, CA 5
    • 4 beds 3 baths ∙ 2,441 Sqft ∙ Built 1953 4 beds 3 baths ∙ 2,441 Sqft ∙ Built 1953
    LEASED 03/25/20
    • Rent
    • Rent Per SQFT
    •  
    • $4,200
    • $1.72
    •  
PROPERTY LISTING DETAILS
Paul Argueta
Reh Real Estate
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: WS21046832
Last Updated: 03/06/2021
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