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11712 Beverly Boulevard Whittier, CA 90601

3 Beds 2 Baths 2,143 sqft Built 1950

$649,000

List Price

$3,110

$2.9K - $3.4K

Rent Est.

PROPERTY INFO

January 24, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1950
  • Price/Sqft : $302.85
  • 8 Days on Market
  • MLS # : 21684338
  • Updated Date : 01/25/2021 at 17:45
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,143 sqft
  • Baths : 2 full
Listing Agent

Coldwell Banker Realty

Listing Agent's Description

This lovingly maintained family home, which sits on an extra large lot, is on the market for the first time in 49 years. With over 2,100 square feet of living space, this single level home has three bedrooms, two bathrooms, a roomy kitchen, separate laundry room, two fireplaces, a large formal living room and sizable family room with glass sliders to the covered patio and backyard. Gorgeous original hardwood floors under carpet. The 9,339 square foot lot creates endless possibilities. Currently configured with a large grassy backyard, detached two-car garage, two-car carport and dedicated RV parking space, buyers may take advantage of the excellent parking and storage or may opt to add living square footage, an ADU and/or swimming pool. **Important to note that, for daily living, the property is easily accessed from the quiet alley in the back of the property, rather than from Beverly Blvd.**

SEE MORE

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)
  • 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)

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
Longfellow Elementary School Primary Regular 593 22 5
Walter F. Dexter Middle School Middle Regular 1,097 41 4
Whittier High School High Regular 2,164 83 6

Longfellow Elementary School

  • Education Level: Primary
  • # of students: 593
  • # of teachers: 22
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
 

$584,100$713,900$649,000

PURCHASE PRICE

$2,799$3,421$3,110

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,110
EXPENSES Loan Payment -$2,254
Property Tax -$704
Property Insurance -$79
Property Management Fees -$152
CASH FLOW
-$79

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.

$649,000

PROJECTED PRICE

$3,110

PROJECTED RENT

0.48%

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-$5.0k$0.0$5.0k$10k$15k$20k$25k$30k

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$177,735

INVESTMENT

$177,735

Down Payment
$162,250
Rehab Estimate
$5,750
Closing Costs
$9,735

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 50% down payment or higher enables the proceeds from the asset to cover all costs.

$2,254

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $162,250
Loan Amount $486,750
See What Happens When You Reinvest Cash Flow

5.67

YEARS SAVED

$42,312

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,110

    LIST RENT
  • $1.45

    LIST RENT PER SQFT
  • $3,429

    COMP ESTIMATED VALUE
  • $1.6

    COMP AVG. RENT PER SQFT
Comps Range
$3,000
1$3,0002$3,1103$3,2004$3,600
$3,600
RENT COMPS ANALYSIS
  • 11712 Beverly Boulevard Whittier, CA 2
    • 3 beds 2 baths ∙ 2,143 Sqft ∙ Built 1950 3 beds 2 baths ∙ 2,143 Sqft ∙ Built 1950
    • Rent
    • Rent Per SQFT
    •  
    • $3,110
    • $1.45
    •  
  • 11212 Hadley Street Whittier, CA 1
    • 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
    •  
  • 5530 Gregory Avenue Whittier, CA 3
    • 3 beds 3 baths ∙ 2,218 Sqft ∙ Built 1949 3 beds 3 baths ∙ 2,218 Sqft ∙ Built 1949
    LEASED 09/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,200
    • $1.44
    •  
  • 6003 Hoover Avenue Whittier, CA 4
    • 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
Jessica Heredia
Coldwell Banker Realty
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: 21684338
Last Updated: 01/25/2021
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