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10926 Saragosa Street Whittier, CA 90606

3 Beds 2 Baths 1,266 sqft Built 1949

$619,000

List Price

$2,700

$2.5K - $3K

Rent Est.

PROPERTY INFO

October 30, 2020 RECENTLY ADDED
FACTS
  • Built In 1949
  • Price/Sqft : $488.94
  • 6 Days on Market
  • MLS # : PW20228136
  • Updated Date : 11/01/2020 at 12:55
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,266 sqft
  • Baths : 2 full
Listing Agent

Toltec Realty

Listing Agent's Description

This beautiful turnkey 3 bedroom home is absolutely move-in ready!! Completely open & remodeled kitchen has Granite countertops, Subway Tile backsplash & Stainless Steel Farm style sink & Appliances. Wood-tile floors recently put in and Windows replaced last few years. Exterior completely renovated last year, driveway & gates replaced & lovely front porch added on. The lot measures at 5,893 SQFT With a spacious yard and a detached two-car garage. Very well-maintained backyard with a covered patio, has Avocado & Lime Trees, and space for gardening if desired. Perfect for those family gatherings and barbecues. The shops; eateries as well as outdoor walking and biking trail all compliment this neighborhood. Excellent Elementary(Phelan Language Academy) just a few blocks away. This West-Whittier gem of a home, is conveniently located close to 605, and in a good part of Whittier. And Definitely shows pride of ownership, Will not last.....Virtual tour here, simply copy/paste below link: https://www.dropbox.com/s/rk1ajd7uyv5k6e5/Saragosa%20UNBRANDED.mp4?dl=0

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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: West Whittier-Los Nietos

NeighborhoodNIR Market*CityMarket2010Year20002019200k250k300k350k400k450k500k550k600kPrice in $153k622k

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

Neighborhood: West Whittier-Los Nietos

NeighborhoodNIR Market*CityMarket2010Year2000 Q42019 Q214001600180020002200240026002800Rent in $13512941

* 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
Daniel Phelan Elementary School Primary Regular 490 18 9
Katherine Edwards Middle School Middle Regular 732 30 6
Pioneer High School High Regular 1,414 57 6

Daniel Phelan Elementary School

  • Education Level: Primary
  • # of students: 490
  • # of teachers: 18
9
GreatSchools Rating

Katherine Edwards Middle School

  • Education Level: Middle
  • # of students: 732
  • # of teachers: 30
6
GreatSchools Rating

Pioneer High School

  • Education Level: High
  • # of students: 1,414
  • # of teachers: 57
6
GreatSchools Rating
 

$557,100$680,900$619,000

PURCHASE PRICE

$2,430$2,970$2,700

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,700
EXPENSES Loan Payment -$2,284
Property Tax -$674
Property Insurance -$58
Property Management Fees -$132
CASH FLOW
-$448

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.

$619,000

PROJECTED PRICE

$2,700

PROJECTED RENT

0.44%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.35%
Appreciation Year (1-5) 6.3%
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$200k$400k$600k$800k$1.0M$1.2M$1.4M$1.6M$1.8M

PROJECTED ANNUAL CASH FLOW

11530-$10k-$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$1.8M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$169,785

INVESTMENT

$169,785

Down Payment
$154,750
Rehab Estimate
$5,750
Closing Costs
$9,285

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,284

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $154,750
Loan Amount $464,250
See What Happens When You Reinvest Cash Flow

2.75

YEARS SAVED

$15,940

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,700

    LIST RENT
  • $2.13

    LIST RENT PER SQFT
  • $2,836

    COMP ESTIMATED VALUE
  • $2.24

    COMP AVG. RENT PER SQFT
Comps Range
$2,400
1$2,4002$2,5003$2,5004$2,7005$3,400
$3,400
RENT COMPS ANALYSIS
  • 10926 Saragosa Street Whittier, CA 4
    • 3 beds 2 baths ∙ 1,266 Sqft ∙ Built 1949 3 beds 2 baths ∙ 1,266 Sqft ∙ Built 1949
    • Rent
    • Rent Per SQFT
    •  
    • $2,700
    • $2.13
    •  
  • 7529 Kengard Avenue Whittier, CA 1
    • 3 beds 1 baths ∙ 1,083 Sqft ∙ Built 1951 3 beds 1 baths ∙ 1,083 Sqft ∙ Built 1951
    LEASED 11/03/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,400
    • $2.22
    •  
  • 8438 Flallon Avenue Whittier, CA 2
    • 3 beds 2 baths ∙ 1,125 Sqft ∙ Built 1954 3 beds 2 baths ∙ 1,125 Sqft ∙ Built 1954
    LEASED 09/04/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $2.22
    •  
  • 6360 Passons Boulevard Pico Rivera, CA 3
    • 3 beds 1 baths ∙ 1,100 Sqft ∙ Built 1950 3 beds 1 baths ∙ 1,100 Sqft ∙ Built 1950
    LEASED 12/07/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $2.27
    •  
  • 7218 Cully Avenue Whittier, CA 5
    • 4 beds 3 baths ∙ 1,514 Sqft ∙ Built 1949 4 beds 3 baths ∙ 1,514 Sqft ∙ Built 1949
    LEASED 08/27/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,400
    • $2.25
    •  
PROPERTY LISTING DETAILS
Chauncey Marley
Toltec Realty
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: PW20228136
Last Updated: 11/01/2020
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