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11032 Maple Street Whittier, CA 90601

4 Beds 2 Baths 1,846 sqft Built 1948

$760,000

List Price

$2,840

$2.6K - $3.1K

Rent Est.

PROPERTY INFO

December 02, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1948
  • Price/Sqft : $411.70
  • 5 Days on Market
  • MLS # : TR20249053
  • Updated Date : 12/02/2020 at 08:03
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,846 sqft
  • Baths : 2 full
Listing Agent

Coldwell Banker Tri-counties R

Listing Agent's Description

Amazingly upgraded 3 bed 2 bath home with a permitted studio guest home and bathroom. 4 bedrooms and 3 baths in total. The main residence is appx 1480 sf and the guest house is appx. 366 sf. Located in the pride of ownership Palm Park neighborhood in Northwest Whittier. 5 minute walking distance to Palm Park, featuring tennis courts and a swimming pool. This is a stunning home in and out. Super curb appeal with a carpet like lawn that leads to a covered front porch. Hardwood floors greet you in the living room and flows to the dining area, hallway, and bedrooms. Fireplaces will warm you this winter in the living room and separate family room. The updated kitchen with tile floors, recessed lights, & granite counters is open to the family room. Wood beamed family room ceiling with a large slider opens to the private back yard. Indoor laundry. Newer central air and heat, dual pane windows are energy efficient. Built in storage in one of the bedrooms. Brand new remodeled hallway bathroom with twin vanities, new cabinetry, quartz counter top. The additional bathroom has a cozy atrium patio access and a walk-in tiled shower with frameless glass enclosure. The private back yard boasts a pristine lawn and concrete patio areas. A 2 car detached garage and all block walls. Additional parking on the extra long driveway. Newer roof and interior/exterior paint. Excellent schools and nearby shopping.

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • 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)

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
Orange Grove Elementary School Primary Regular 401 15 5
Walter F. Dexter Middle School Middle Regular 1,097 41 4
Whittier High School High Regular 2,164 83 6

Orange Grove Elementary School

  • Education Level: Primary
  • # of students: 401
  • # of teachers: 15
5
GreatSchools Rating

Walter F. Dexter Middle School

  • Education Level: Middle
  • # of students: 1,097
  • # of teachers: 41
4
GreatSchools Rating

Whittier High School

  • Education Level: High
  • # of students: 2,164
  • # of teachers: 83
6
GreatSchools Rating
 

$684,000$836,000$760,000

PURCHASE PRICE

$2,556$3,124$2,840

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,840
EXPENSES Loan Payment -$2,804
Property Tax -$824
Property Insurance -$72
Property Management Fees -$139
CASH FLOW
-$999

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.

$760,000

PROJECTED PRICE

$2,840

PROJECTED RENT

0.37%

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

PROJECTED ANNUAL CASH FLOW

11530-$15k-$10k-$5.0k$0.0$5.0k$10k

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$207,150

INVESTMENT

$207,150

Down Payment
$190,000
Rehab Estimate
$5,750
Closing Costs
$11,400

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 65% down payment or higher enables the proceeds from the asset to cover all costs.

$2,804

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $190,000
Loan Amount $570,000
See What Happens When You Reinvest Cash Flow

0.42

YEARS SAVED

$1,277

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,840

    LIST RENT
  • $1.54

    LIST RENT PER SQFT
  • $3,111

    COMP ESTIMATED VALUE
  • $1.69

    COMP AVG. RENT PER SQFT
Comps Range
$2,650
1$2,6502$2,8403$3,0004$3,2005$3,600
$3,600
RENT COMPS ANALYSIS
  • 11032 Maple Street Whittier, CA 2
    • 4 beds 2 baths ∙ 1,846 Sqft ∙ Built 1948 4 beds 2 baths ∙ 1,846 Sqft ∙ Built 1948
    • Rent
    • Rent Per SQFT
    •  
    • $2,840
    • $1.54
    •  
  • 12318 Beverly Drive Whittier, CA 1
    • 3 beds 2 baths ∙ 1,506 Sqft ∙ Built 1955 3 beds 2 baths ∙ 1,506 Sqft ∙ Built 1955
    LEASED 01/17/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,650
    • $1.76
    •  
  • 11212 Hadley Street Whittier, CA 3
    • 3 beds 1 baths ∙ 1,900 Sqft ∙ Built 1949 3 beds 1 baths ∙ 1,900 Sqft ∙ Built 1949
    LEASED 11/13/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,000
    • $1.58
    •  
  • 5526 Bridgeview Avenue Pico Rivera, CA 4
    • 4 beds 2 baths ∙ 1,970 Sqft ∙ Built 1950 4 beds 2 baths ∙ 1,970 Sqft ∙ Built 1950
    LEASED 05/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,200
    • $1.62
    •  
  • 6003 Hoover Avenue Whittier, CA 5
    • 3 beds 2 baths ∙ 2,026 Sqft ∙ Built 1931 3 beds 2 baths ∙ 2,026 Sqft ∙ Built 1931
    LEASED 11/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,600
    • $1.78
    •  
PROPERTY LISTING DETAILS
Ty Courtney Wallace
Coldwell Banker Tri-counties R
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: TR20249053
Last Updated: 12/02/2020
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