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13727 Leffingwell Road Whittier, CA 90605

4 Beds 2 Baths 1,504 sqft Built 1942

$590,000

List Price

$2,750

$2.5K - $3K

Rent Est.

PROPERTY INFO

November 13, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1942
  • Price/Sqft : $392.29
  • 4 Days on Market
  • MLS # : MB20238851
  • Updated Date : 11/12/2020 at 19:21
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,504 sqft
  • Baths : 2 full
Listing Agent

Realty Masters & Associates, Inc.

Listing Agent's Description

Come and see this lovely single story home in a great location in South Whittier bordering the city of La Mirada. As you enter the front gate, you’ll fall in love with the beautifully landscaped front yard showcasing a lush green lawn and lots of plants that have been nurtured with love and care. The interior of the home offers a functional and practical floor plan, ideal for any family, large or small. It features 4 bedrooms, 2 full bathrooms, an unpermitted 3rd bathroom in the garage, dining room, spacious living and family room, kitchen with granite countertops, recessed lighting in living room, tile flooring throughout, detached double car garage. Enjoy the private backyard with assigned patio area, large sliding gate with automatic door opener, upgraded brick entryway. Come and see this rare opportunity. You will not be disappointed!

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • 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)

PRICE & RENT TRENDS

Neighborhood: South Whittier

NeighborhoodNIR Market*CityMarket2010Year20002019200k250k300k350k400k450k500k550k600kPrice in $153k622k

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

Neighborhood: South Whittier

NeighborhoodNIR Market*CityMarket2010Year2000 Q42019 Q214001600180020002200240026002800Rent in $13892941

* 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
California High School High Regular 2,955 103 7

California High School

  • Education Level: High
  • # of students: 2,955
  • # of teachers: 103
7
GreatSchools Rating
 

$531,000$649,000$590,000

PURCHASE PRICE

$2,475$3,025$2,750

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,750
EXPENSES Loan Payment -$2,177
Property Tax -$649
Property Insurance -$63
Property Management Fees -$135
CASH FLOW
-$274

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 12% of earned rent to cover both maintenance and periods of vacancy.

$590,000

PROJECTED PRICE

$2,750

PROJECTED RENT

0.47%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.35%
Appreciation Year (1-5) 7.0%
Maintenance Year (1-5) 8.00%
Vacancy 4.14%
Length of Stay Years 2

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M$1.6M$1.8M

PROJECTED ANNUAL CASH FLOW

11530-$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$162,100

INVESTMENT

$162,100

Down Payment
$147,500
Rehab Estimate
$5,750
Closing Costs
$8,850

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,177

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $147,500
Loan Amount $442,500
See What Happens When You Reinvest Cash Flow

4.17

YEARS SAVED

$27,292

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,750

    LIST RENT
  • $1.83

    LIST RENT PER SQFT
  • $2,718

    COMP ESTIMATED VALUE
  • $1.81

    COMP AVG. RENT PER SQFT
Comps Range
$2,600
1$2,6002$2,7503$2,8004$2,8505$3,000
$3,000
RENT COMPS ANALYSIS
  • 13727 Leffingwell Road Whittier, CA 2
    • 4 beds 2 baths ∙ 1,504 Sqft ∙ Built 1942 4 beds 2 baths ∙ 1,504 Sqft ∙ Built 1942
    • Rent
    • Rent Per SQFT
    •  
    • $2,750
    • $1.83
    •  
  • 14103 Foster Road La Mirada, CA 1
    • 3 beds 2 baths ∙ 1,410 Sqft ∙ Built 1955 3 beds 2 baths ∙ 1,410 Sqft ∙ Built 1955
    LEASED 08/15/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,600
    • $1.84
    •  
  • 14417 Allegan Street Whittier, CA 3
    • 3 beds 2 baths ∙ 1,461 Sqft ∙ Built 1954 3 beds 2 baths ∙ 1,461 Sqft ∙ Built 1954
    LEASED 02/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,800
    • $1.92
    •  
  • 12709 Stanhill Drive La Mirada, CA 4
    • 3 beds 2 baths ∙ 1,730 Sqft ∙ Built 1956 3 beds 2 baths ∙ 1,730 Sqft ∙ Built 1956
    LEASED 06/20/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,850
    • $1.65
    •  
  • 12813 Graff Drive La Mirada, CA 5
    • 3 beds 2 baths ∙ 1,651 Sqft ∙ Built 1958 3 beds 2 baths ∙ 1,651 Sqft ∙ Built 1958
    LEASED 12/30/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,000
    • $1.82
    •  
PROPERTY LISTING DETAILS
Moises Martinez
Realty Masters & Associates, Inc.
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: MB20238851
Last Updated: 11/12/2020
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