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1312 Bunbury Drive Whittier, CA 90601

3 Beds 2 Baths 1,372 sqft Built 1961

$738,800

List Price

$2,550

$2.3K - $2.8K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 26, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1961
  • Price/Sqft : $538.48
  • 3 Days on Market
  • MLS # : DW21060545
  • Updated Date : 03/26/2021 at 08:23
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,372 sqft
  • Baths : 2 full
Listing Agent

Tng Real Estate Consultants

Listing Agent's Description

If you're searching for a beautiful turnkey property, stop searching! Welcome to 1312 Bunbury Dr. This 3 BED, 2 BATH, POOL home is a fabulous find. Tastefully updated, the home has an open plan living room with a charming fireplace, dining area and a stylish kitchen with solid oak cabinets that leads into a separate laundry area with backyard access. The attached garage space has been exquisitely converted. With over 400 square feet, the bedroom/family room features a built-in closet, storage space and private entry. The new roof, air conditioning and pool equipment were recently installed. This house is a pride of ownership and move-in ready. The back yard is a wonderful place to entertain or relax by the refreshing pool. The front yard has drought-tolerant landscaping. With great curb appeal, located in a wonderful North Whittier neighborhood near freeways, public transportation and shopping - this home is a must-see!

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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 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: Avocado Heights

NeighborhoodNIR Market*CityMarket2010Year20002019200k250k300k350k400k450k500k550k600kPrice in $173k622k

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

Neighborhood: Avocado Heights

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
Pioneer High School High Regular 1,414 57 6

Pioneer High School

  • Education Level: High
  • # of students: 1,414
  • # of teachers: 57
6
GreatSchools Rating
 

$664,920$812,680$738,800

PURCHASE PRICE

$2,295$2,805$2,550

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,550
EXPENSES Loan Payment -$2,566
Property Tax -$779
Property Insurance -$60
Property Management Fees -$125
CASH FLOW
-$980

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.

$738,800

PROJECTED PRICE

$2,550

PROJECTED RENT

0.35%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.48%
Appreciation Year (1-5) 8.8%
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$2.5M

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$2.5M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$201,532

INVESTMENT

$201,532

Down Payment
$184,700
Rehab Estimate
$5,750
Closing Costs
$11,082

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 70% down payment or higher enables the proceeds from the asset to cover all costs.

$2,566

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $184,700
Loan Amount $554,100
See What Happens When You Reinvest Cash Flow

0.33

YEARS SAVED

$432

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,550

    LIST RENT
  • $1.86

    LIST RENT PER SQFT
  • $2,209

    COMP ESTIMATED VALUE
  • $1.61

    COMP AVG. RENT PER SQFT
Comps Range
$2,300
1$2,3002$2,5503$2,800
$2,800
RENT COMPS ANALYSIS
  • 1312 Bunbury Drive Whittier, CA 2
    • 3 beds 2 baths ∙ 1,372 Sqft ∙ Built 1961 3 beds 2 baths ∙ 1,372 Sqft ∙ Built 1961
    • Rent
    • Rent Per SQFT
    •  
    • $2,550
    • $1.86
    •  
  • 1039 Finegrove Avenue Hacienda Heights, CA 1
    • 3 beds 2 baths ∙ 1,458 Sqft ∙ Built 1956 3 beds 2 baths ∙ 1,458 Sqft ∙ Built 1956
    LEASED 03/10/21
    • Rent
    • Rent Per SQFT
    •  
    • $2,300
    • $1.58
    •  
  • 1362 Old Canyon Drive Hacienda Heights, CA 3
    • 3 beds 2 baths ∙ 1,703 Sqft ∙ Built 1975 3 beds 2 baths ∙ 1,703 Sqft ∙ Built 1975
    LEASED 11/09/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,800
    • $1.64
    •  
PROPERTY LISTING DETAILS
Diana Hernandez
Tng Real Estate Consultants
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: DW21060545
Last Updated: 03/26/2021
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