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11021 Cabrillo Street Whittier, CA 90603

3 Beds 2 Baths 1,648 sqft Built 1990

$609,900

List Price

$2,680

$2.4K - $2.9K

Rent Est.

PROPERTY INFO

80% chance this property will be sold within the next 20 days HOT INVESTMENT
November 01, 2020 RECENTLY ADDED
FACTS
  • Built In 1990
  • Price/Sqft : $370.08
  • 3 Days on Market
  • MLS # : PW20229763
  • Updated Date : 11/01/2020 at 10:35
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,648 sqft
  • Baths : 2 full
Listing Agent

Realty One Group Synergy

Listing Agent's Description

You must see this Absolutely Gorgeous Whittier home!! Featuring an open airy feel with 1,648 Sqft of living space, 3 Spacious Bedrooms, 2 updated bathrooms, a formal living room, large kitchen including a built in peninsula with bar-top seating, a family room, dining area, and a beautiful master bedroom suite with attached spa like master bathroom with separate shower and spa tub! Other features include Central AC/Heat, recessed lighting, high ceilings, excess cabinet and counter space, walk in closets and so much more! The home sits in a lovely, peaceful gated community that includes a relaxing pool area! The home’s exterior includes a patio area and an attached 2 car garage! This home has everything you could want in a home and more! 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: 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
Jordan Elementary School Primary Regular 407 15 7
Rancho-starbuck Intermediate School Middle Regular 774 28 8
La Habra High School High Magnet 2,230 73 7

Jordan Elementary School

  • Education Level: Primary
  • # of students: 407
  • # of teachers: 15
7
GreatSchools Rating

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
 

$548,910$670,890$609,900

PURCHASE PRICE

$2,412$2,948$2,680

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,680
EXPENSES Loan Payment -$2,250
Property Tax -$610
Property Insurance -$67
HOA -$160
Property Management Fees -$131
CASH FLOW
-$539

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.

$609,900

PROJECTED PRICE

$2,680

PROJECTED RENT

0.44%

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$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

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$167,374

INVESTMENT

$167,374

Down Payment
$152,475
Rehab Estimate
$5,750
Closing Costs
$9,149

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,250

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $152,475
Loan Amount $457,425
See What Happens When You Reinvest Cash Flow

2

YEARS SAVED

$9,385

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,680

    LIST RENT
  • $1.63

    LIST RENT PER SQFT
  • $2,699

    COMP ESTIMATED VALUE
  • $1.64

    COMP AVG. RENT PER SQFT
Comps Range
$2,650
1$2,6502$2,6803$2,9004$2,9005$3,150
$3,150
RENT COMPS ANALYSIS
  • 11021 Cabrillo Street Whittier, CA 2
    • 3 beds 2 baths ∙ 1,648 Sqft ∙ Built 1990 3 beds 2 baths ∙ 1,648 Sqft ∙ Built 1990
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,680
    • $1.63
    •  
  • 15386 Ashley Court Whittier, CA 1
    • 3 beds 3 baths ∙ 1,670 Sqft ∙ Built 2009 3 beds 3 baths ∙ 1,670 Sqft ∙ Built 2009
    property image
    LEASED 07/06/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,650
    • $1.59
    •  
  • 16211 Olivemill Road La Mirada, CA 3
    • 3 beds 3 baths ∙ 1,683 Sqft ∙ Built 1990 3 beds 3 baths ∙ 1,683 Sqft ∙ Built 1990
    property image
    LEASED 07/31/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,900
    • $1.72
    •  
  • 16101 Gables Loop Whittier, CA 4
    • 3 beds 3 baths ∙ 1,777 Sqft ∙ Built 2004 3 beds 3 baths ∙ 1,777 Sqft ∙ Built 2004
    property image
    LEASED 12/17/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,900
    • $1.63
    •  
  • 1240 Maple Tree Court La Habra, CA 5
    • 4 beds 3 baths ∙ 1,954 Sqft ∙ Built 1979 4 beds 3 baths ∙ 1,954 Sqft ∙ Built 1979
    property image
    LEASED 10/17/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,150
    • $1.61
    •  
PROPERTY LISTING DETAILS
Angel&pat Hernandez
Realty One Group Synergy
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: PW20229763
Last Updated: 11/01/2020
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