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120 E Rose Avenue La Habra, CA 90631

3 Beds 2 Baths 1,460 sqft Built 1954

$649,900

List Price

$2,990

$2.7K - $3.2K

Rent Est.

PROPERTY INFO

80% chance this property will be sold within the next 20 days HOT INVESTMENT
SINGLE-FAMILY
July 12, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1954
  • Price/Sqft : $445.14
  • 2 Days on Market
  • MLS # : CV21152001
  • Updated Date : 07/12/2021 at 16:01
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,460 sqft
  • Baths : 1 full , 1 half
Listing Agent

Century 21 King

Listing Agent's Description

Spacious Home with nice size backyard. formal dining, open Living Room with cozy fireplace Newer, good size bedrooms located on a Cul De Sac Street property need some updating but is in ready to move in condition. priced very attractive due to condition!!!!

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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'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)
  • 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]

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
La Habra High School High Magnet 2,230 73 7

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

La Habra High School

  • Education Level: High
  • # of students: 2,230
  • # of teachers: 73
7
GreatSchools Rating
 

$584,910$714,890$649,900

PURCHASE PRICE

$2,691$3,289$2,990

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,990
EXPENSES Loan Payment -$2,257
Property Tax -$670
Property Insurance -$62
Property Management Fees -$147
CASH FLOW
-$146

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.

$649,900

PROJECTED PRICE

$2,990

PROJECTED RENT

0.46%

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

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$177,974

INVESTMENT

$177,974

Down Payment
$162,475
Rehab Estimate
$5,750
Closing Costs
$9,749

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,257

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $162,475
Loan Amount $487,425
See What Happens When You Reinvest Cash Flow

4.67

YEARS SAVED

$32,125

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,990

    LIST RENT
  • $2.05

    LIST RENT PER SQFT
  • $3,026

    COMP ESTIMATED VALUE
  • $2.07

    COMP AVG. RENT PER SQFT
Comps Range
$2,800
1$2,8002$2,8003$2,8004$2,9905$3,000
$3,000
RENT COMPS ANALYSIS
  • 120 E Rose Avenue La Habra, CA 4
    • 3 beds 2 baths ∙ 1,460 Sqft ∙ Built 1954 3 beds 2 baths ∙ 1,460 Sqft ∙ Built 1954
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,990
    • $2.05
    •  
  • 230 La Plaza Drive La Habra, CA 1
    • 4 beds 2 baths ∙ 1,355 Sqft ∙ Built 1956 4 beds 2 baths ∙ 1,355 Sqft ∙ Built 1956
    property image
    LEASED 10/09/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,800
    • $2.07
    •  
  • 530 Gerry Street La Habra, CA 2
    • 3 beds 2 baths ∙ 1,388 Sqft ∙ Built 1956 3 beds 2 baths ∙ 1,388 Sqft ∙ Built 1956
    property image
    LEASED 04/16/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,800
    • $2.02
    •  
  • 341 La Plaza Drive La Habra, CA 3
    • 4 beds 2 baths ∙ 1,355 Sqft ∙ Built 1956 4 beds 2 baths ∙ 1,355 Sqft ∙ Built 1956
    property image
    LEASED 02/01/21
    • Rent
    • Rent Per SQFT
    •  
    • $2,800
    • $2.07
    •  
  • 1310 Comity Circle La Habra, CA 5
    • 3 beds 2 baths ∙ 1,406 Sqft ∙ Built 1956 3 beds 2 baths ∙ 1,406 Sqft ∙ Built 1956
    property image
    LEASED 05/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,000
    • $2.13
    •  
PROPERTY LISTING DETAILS
Ricardo Acevedo
Century 21 King
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: CV21152001
Last Updated: 07/12/2021
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