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12139 Clearglen Avenue Whittier, CA 90604

4 Beds 3 Baths 2,056 sqft Built 1960

$749,900

List Price

$3,430

$3.2K - $3.7K

Rent Est.

PROPERTY INFO

January 01, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1960
  • Price/Sqft : $364.74
  • 4 Days on Market
  • MLS # : CV20264986
  • Updated Date : 01/02/2021 at 19:46
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,056 sqft
  • Baths : 3 full
Listing Agent

Cal American Homes And Realty

Listing Agent's Description

Well maintained 4 Bed 3 Bath Home with a Bonus Upstairs Loft/living area with a Kitchenette and panoramic views of the mountains from the upstairs bay windows. located in the city of Whittier. This home has had numerous upgrades done over the last few years and is a must see for any buyer looking in the area. The Kitchen has lots of cabinet space with a large island, tile flooring, Stainless steel appliances and opens up into the dining area and family room. The real Hardwood flooring has been refinished and stained throughout the home giving it a custom feel. New Interior and Exterior Paint was just completed as well as new Doors, Door trim, Baseboards and Crown Molding. The Master Bathroom has just gone through a full remodel with a custom tile shower, Frameless glass door, New Barn door and more! The Family room Fireplace wall has a stone veneer covering the entire wall creating a great accent piece. Upstairs has a Kitchenette, Bathroom and fireplace, Built in Cabinets and open wood beam ceiling! The Upstairs Living space and family room have built in surround sound speakers. Copper repipe was done 5 yrs ago as well as electrical upgrades including recessed lighting, New switches, Outlets and ceiling fans. New Furnace & newer AC unit. The family room also leads to the good size back yard where you can enjoy the outdoors in your very private space. As you can see this house has been well taken care of and gone through lots of updating. Don't wait it won't last long!

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: East la Mirada

NeighborhoodNIR Market*CityMarket2010Year20002019200k250k300k350k400k450k500k550k600kPrice in $178k622k

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

Neighborhood: East la Mirada

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
Meadow Green Elementary School Primary Regular 487 17 8
Meadow Green Elementary School Middle Regular 487 17 8
La Habra High School High Magnet 2,230 73 7

Meadow Green Elementary School

  • Education Level: Primary
  • # of students: 487
  • # of teachers: 17
8
GreatSchools Rating

Meadow Green Elementary School

  • Education Level: Middle
  • # of students: 487
  • # of teachers: 17
8
GreatSchools Rating

La Habra High School

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

$674,910$824,890$749,900

PURCHASE PRICE

$3,087$3,773$3,430

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,430
EXPENSES Loan Payment -$2,767
Property Tax -$742
Property Insurance -$77
Property Management Fees -$168
CASH FLOW
-$324

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.

$749,900

PROJECTED PRICE

$3,430

PROJECTED RENT

0.46%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.48%
Appreciation Year (1-5) 5.8%
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-$10k-$5.0k$0.0$5.0k$10k$15k$20k$25k$30k

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$204,474

INVESTMENT

$204,474

Down Payment
$187,475
Rehab Estimate
$5,750
Closing Costs
$11,249

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,767

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $187,475
Loan Amount $562,425
See What Happens When You Reinvest Cash Flow

4.33

YEARS SAVED

$37,693

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,430

    LIST RENT
  • $1.67

    LIST RENT PER SQFT
  • $3,428

    COMP ESTIMATED VALUE
  • $1.67

    COMP AVG. RENT PER SQFT
Comps Range
$2,750
1$2,7502$3,0503$3,4304$3,5005$3,800
$3,800
RENT COMPS ANALYSIS
  • 12139 Clearglen Avenue Whittier, CA 3
    • 4 beds 3 baths ∙ 2,056 Sqft ∙ Built 1960 4 beds 3 baths ∙ 2,056 Sqft ∙ Built 1960
    • Rent
    • Rent Per SQFT
    •  
    • $3,430
    • $1.67
    •  
  • 15744 Marlinton Drive Whittier, CA 1
    • 3 beds 2 baths ∙ 1,784 Sqft ∙ Built 1961 3 beds 2 baths ∙ 1,784 Sqft ∙ Built 1961
    LEASED 03/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,750
    • $1.54
    •  
  • 10714 Avonbury Avenue Whittier, CA 2
    • 4 beds 3 baths ∙ 1,797 Sqft ∙ Built 1953 4 beds 3 baths ∙ 1,797 Sqft ∙ Built 1953
    LEASED 10/24/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,050
    • $1.70
    •  
  • 15008 Chalco Street La Mirada, CA 4
    • 5 beds 3 baths ∙ 2,017 Sqft ∙ Built 1958 5 beds 3 baths ∙ 2,017 Sqft ∙ Built 1958
    LEASED 07/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,500
    • $1.74
    •  
  • 15929 Las Palmeras Avenue La Mirada, CA 5
    • 5 beds 2 baths ∙ 2,251 Sqft ∙ Built 1978 5 beds 2 baths ∙ 2,251 Sqft ∙ Built 1978
    LEASED 02/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,800
    • $1.69
    •  
PROPERTY LISTING DETAILS
Zachary Ols
Cal American Homes And Realty
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: CV20264986
Last Updated: 01/02/2021
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