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12330 Camilla Street Whittier, CA 90601

3 Beds 2 Baths 1,647 sqft Built 1923

$658,000

List Price

$2,960

$2.7K - $3.2K

Rent Est.

PROPERTY INFO

80% chance this property will be sold within the next 20 days HOT INVESTMENT
November 06, 2020 RECENTLY ADDED
FACTS
  • Built In 1923
  • Price/Sqft : $399.51
  • 5 Days on Market
  • MLS # : WS20233294
  • Updated Date : 11/04/2020 at 19:05
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,647 sqft
  • Baths : 2 full
Listing Agent

Berkshire Hathaway Home Servic

Listing Agent's Description

Character homes rarely come onto the market at any given time, and this Craftsman home with so many original details, and located amidst mature Redwoods & many long-term neighbors, won’t disappoint. Walking up to the grand covered front porch gives a preview of how this home was built. Entering the home and noticing the original hardwood floors that span throughout the living room, dining room, hall & 2 BR's gives the sense of how amazing these homes were built. The large kitchen remains almost untouched with the quaint breakfast room leading into the main kitchen with original cabinetry and adjoining huge laundry room. To one side of the home are 2 bedrooms sharing the hallway bath. Separate from these bedrooms is the oversized Master Bedroom Suite w/ its own huge master bath. The master bedroom has double French-style doors leading to a wood deck & the backyard. The master bath is complete with a jetted tub, double sinks, & separate large, square shower. Many original details and built-in’s still remain showcasing this home’s long history. At the back of the 2-Car garage is a good size bonus room which is perfect for a Home Office, Home Gym, or Educational Pod for the kids–needed these days during these Covid-19 times. Finishing off the countless amenities this home offers are a long, gated driveway with newer cement, rear lawn area, central A/C, & gated dog-run (or gated vegetable garden) behind the garage. Continue this home’s long history with becoming its next owner.

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
 

$592,200$723,800$658,000

PURCHASE PRICE

$2,664$3,256$2,960

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,960
EXPENSES Loan Payment -$2,428
Property Tax -$714
Property Insurance -$67
Property Management Fees -$145
CASH FLOW
-$393

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.

$658,000

PROJECTED PRICE

$2,960

PROJECTED RENT

0.45%

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

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$180,120

INVESTMENT

$180,120

Down Payment
$164,500
Rehab Estimate
$5,750
Closing Costs
$9,870

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 55% down payment or higher enables the proceeds from the asset to cover all costs.

$2,428

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $164,500
Loan Amount $493,500
See What Happens When You Reinvest Cash Flow

3.42

YEARS SAVED

$23,016

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,960

    LIST RENT
  • $1.8

    LIST RENT PER SQFT
  • $3,335

    COMP ESTIMATED VALUE
  • $2.03

    COMP AVG. RENT PER SQFT
Comps Range
$2,650
1$2,6502$2,8503$2,960
$2,960
RENT COMPS ANALYSIS
  • 12330 Camilla Street Whittier, CA 3
    • 3 beds 2 baths ∙ 1,647 Sqft ∙ Built 1923 3 beds 2 baths ∙ 1,647 Sqft ∙ Built 1923
    • Rent
    • Rent Per SQFT
    •  
    • $2,960
    • $1.80
    •  
  • 11563 Rincon Drive Whittier, CA 1
    • 3 beds 1 baths ∙ 1,427 Sqft ∙ Built 1929 3 beds 1 baths ∙ 1,427 Sqft ∙ Built 1929
    LEASED 10/30/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,650
    • $1.86
    •  
  • 10832 El Rey Drive Whittier, CA 2
    • 3 beds 2 baths ∙ 1,304 Sqft ∙ Built 1941 3 beds 2 baths ∙ 1,304 Sqft ∙ Built 1941
    LEASED 07/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,850
    • $2.19
    •  
PROPERTY LISTING DETAILS
Daniel Garcia
Berkshire Hathaway Home Servic
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: WS20233294
Last Updated: 11/04/2020
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