Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more

1090 Bonnie Ann Court La Habra, CA 90631

4 Beds 3 Baths 2,445 sqft Built 1979

$810,000

List Price

$3,310

$3.1K - $3.6K

Rent Est.

PROPERTY INFO

January 24, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1979
  • Price/Sqft : $331.29
  • 2 Days on Market
  • MLS # : DW21013926
  • Updated Date : 01/23/2021 at 16:58
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,445 sqft
  • Baths : 2 full , 1 half
Listing Agent

Keller Williams Pacific Estates La Mirada

Listing Agent's Description

This beautiful 4 bedroom 2.5 bath home is situated in a private community at the end of cul-de-sac. The home is highlighted by central A/C, vaulted ceilings, fireplace, and Master Suite. Upon entry is the family room with a brick fireplace, vaulted ceilings and dining area that makes for the perfect setting to enjoy family meals. Beyond the family room is the kitchen and living room. The kitchen is highlighted by a large peninsula, stainless steel appliances, recessed lighting, tile backsplash, and a large window with the backyard view. The kitchen is open to the living room and accompanied by a wet bar and a nearby half bathroom that is perfect for entertaining. There is also direct access to the two-car garage. Up the stairs to the second level is the large loft area with plenty of space for an in-home office. Each bedroom is complete with carpet, ceiling fan, spacious closets, and plantation shutters on the windows. The first full bathroom is located near the bedrooms with tile flooring and a shower with a tub. The Master Suite is perfect with a double-door entry, vaulted ceilings, large closet space, and its own bathroom highlighted by double sinks, tile flooring, and shower with a tub. The Master Suite is perfected with its own balcony overlooking the front yard and scenery. The home is also completed with the enclosed and private backyard with space for outdoor dining and grassy area to play. The home is conveniently located walking distance to Arbolita Elementary.

SEE MORE

MARKET HIGHLIGHTS

  • 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 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's economy is worth $1.58 trillion in Gross Metro Product and projected to grow to $1.67 trillion (USMayors.org, 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)
  • 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)
  • As part of Southern California area, Orange County market inherits all the benefits from the area.
  • Southern California area contributes to 55.3% of California state economy i.e. Gross State Product (USMayors.org, 2018)

PRICE & RENT TRENDS

Zip Code: 90631

ZipNIR Market*CityMarket2010Year20002019250k300k350k400k450k500k550k600k650k700kPrice in $217k742k

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

Zip Code: 90631

ZipNIR Market*CityMarket2010Year2000 Q22019 Q218002000220024002600280030003200Rent in $17143345

* 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
Arbolita Elementary School Primary Regular 389 15 3
Washington Middle School Middle Regular 854 33 4
Sonora High School High Regular 1,924 67 9

Arbolita Elementary School

  • Education Level: Primary
  • # of students: 389
  • # of teachers: 15
3
GreatSchools Rating

Washington Middle School

  • Education Level: Middle
  • # of students: 854
  • # of teachers: 33
4
GreatSchools Rating

Sonora High School

  • Education Level: High
  • # of students: 1,924
  • # of teachers: 67
9
GreatSchools Rating
 

$729,000$891,000$810,000

PURCHASE PRICE

$2,979$3,641$3,310

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,310
EXPENSES Loan Payment -$2,813
Property Tax -$835
Property Insurance -$86
HOA -$95
Property Management Fees -$162
CASH FLOW
-$682

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.

$810,000

PROJECTED PRICE

$3,310

PROJECTED RENT

0.41%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.24%
Appreciation Year (1-5) 6.6%
Maintenance Year (1-5) 8.00%
Vacancy 5.38%
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-$15k-$10k-$5.0k$0.0$5.0k$10k$15k$20k

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$220,400

INVESTMENT

$220,400

Down Payment
$202,500
Rehab Estimate
$5,750
Closing Costs
$12,150

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 60% down payment or higher enables the proceeds from the asset to cover all costs.

$2,813

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $202,500
Loan Amount $607,500
See What Happens When You Reinvest Cash Flow

1.58

YEARS SAVED

$8,002

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,310

    LIST RENT
  • $1.35

    LIST RENT PER SQFT
  • $3,668

    COMP ESTIMATED VALUE
  • $1.5

    COMP AVG. RENT PER SQFT
Comps Range
$3,200
1$3,2002$3,2993$3,3104$3,6005$4,100
$4,100
RENT COMPS ANALYSIS
  • 1090 Bonnie Ann Court La Habra, CA 3
    • 4 beds 3 baths ∙ 2,445 Sqft ∙ Built 1979 4 beds 3 baths ∙ 2,445 Sqft ∙ Built 1979
    • Rent
    • Rent Per SQFT
    •  
    • $3,310
    • $1.35
    •  
  • 1414 Beechwood Drive Brea, CA 1
    • 4 beds 3 baths ∙ 2,211 Sqft ∙ Built 1980 4 beds 3 baths ∙ 2,211 Sqft ∙ Built 1980
    LEASED 09/16/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,200
    • $1.45
    •  
  • 1182 Steele Drive Brea, CA 2
    • 3 beds 3 baths ∙ 2,182 Sqft ∙ Built 1965 3 beds 3 baths ∙ 2,182 Sqft ∙ Built 1965
    LEASED 07/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,299
    • $1.51
    •  
  • 1353 Robert Court Brea, CA 4
    • 4 beds 3 baths ∙ 2,363 Sqft ∙ Built 1989 4 beds 3 baths ∙ 2,363 Sqft ∙ Built 1989
    LEASED 10/08/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,600
    • $1.52
    •  
  • 348 Cienaga Drive Fullerton, CA 5
    • 5 beds 2 baths ∙ 2,692 Sqft ∙ Built 1966 5 beds 2 baths ∙ 2,692 Sqft ∙ Built 1966
    LEASED 06/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $4,100
    • $1.52
    •  
PROPERTY LISTING DETAILS
Remoun Said
Keller Williams Pacific Estates La Mirada
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: DW21013926
Last Updated: 01/23/2021
BESbswy