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13854 Philadelphia Street Whittier, CA 90601

4 Beds 3 Baths 2,514 sqft Built 1964

$920,000

List Price

$3,600

$3.4K - $3.9K

Rent Est.

PROPERTY INFO

November 02, 2020 RECENTLY ADDED
FACTS
  • Built In 1964
  • Price/Sqft : $365.95
  • 2 Days on Market
  • MLS # : PW20230523
  • Updated Date : 11/02/2020 at 09:34
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,514 sqft
  • Baths : 3 full
Listing Agent

T.n.g. Real Estate Consultants

Listing Agent's Description

SINGLE Level 4 Bedroom home in Prime Location of Beautiful College Hills! 1st Time on the Market! This spacious home offers Double Door Entry, an updated Kitchen, Powder room plus 1 full Bathroom plus Master Bathroom. Step down Living room with Fireplace and Open Family Room with a wet bar & Stone Fireplace. Inside Laundry Room. Carpet in Hallway and Bedrooms and living room, and Wood Floors in Entry, Kitchen, Dining and Family Room. Large Formal Dining Room. Nothing is small in this home. Great Closets and Storage Space. 3 car attached garage. Backyard is really inviting with its brick open patio and Lucious grass and mature trees. Yard backs up to the Wildlife Preserve, which offers great views to the Hillsides and the College Fields in the distance. Roof and Water Heater were replaced in 2019 & AC was replace approximately 2 years ago. This is a must see!

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: 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
Lou Henry Hoover Elementary School Primary Regular 485 17 5
Walter F. Dexter Middle School Middle Regular 1,097 41 4
Whittier High School High Regular 2,164 83 6

Lou Henry Hoover Elementary School

  • Education Level: Primary
  • # of students: 485
  • # of teachers: 17
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
 

$828,000$1,012,000$920,000

PURCHASE PRICE

$3,240$3,960$3,600

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,600
EXPENSES Loan Payment -$3,394
Property Tax -$1,001
Property Insurance -$88
Property Management Fees -$176
CASH FLOW
-$1,060

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.

$920,000

PROJECTED PRICE

$3,600

PROJECTED RENT

0.39%

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$2.5M

PROJECTED ANNUAL CASH FLOW

11530-$20k-$15k-$10k-$5.0k$0.0$5.0k$10k$15k$20k

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$249,550

INVESTMENT

$249,550

Down Payment
$230,000
Rehab Estimate
$5,750
Closing Costs
$13,800

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 65% down payment or higher enables the proceeds from the asset to cover all costs.

$3,394

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $230,000
Loan Amount $690,000
See What Happens When You Reinvest Cash Flow

1.08

YEARS SAVED

$5,253

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,600

    LIST RENT
  • $1.43

    LIST RENT PER SQFT
  • $3,578

    COMP ESTIMATED VALUE
  • $1.42

    COMP AVG. RENT PER SQFT
Comps Range
$3,200
1$3,2002$3,2003$3,6004$3,650
$3,650
RENT COMPS ANALYSIS
  • 13854 Philadelphia Street Whittier, CA 3
    • 4 beds 3 baths ∙ 2,514 Sqft ∙ Built 1964 4 beds 3 baths ∙ 2,514 Sqft ∙ Built 1964
    • Rent
    • Rent Per SQFT
    •  
    • $3,600
    • $1.43
    •  
  • 4015 Hermitage Drive Hacienda Heights, CA 1
    • 4 beds 3 baths ∙ 2,487 Sqft ∙ Built 1981 4 beds 3 baths ∙ 2,487 Sqft ∙ Built 1981
    LEASED 08/26/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,200
    • $1.29
    •  
  • 5530 Gregory Avenue Whittier, CA 2
    • 3 beds 3 baths ∙ 2,218 Sqft ∙ Built 1949 3 beds 3 baths ∙ 2,218 Sqft ∙ Built 1949
    LEASED 09/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,200
    • $1.44
    •  
  • 3535 Holmes Circle Hacienda Heights, CA 4
    • 4 beds 3 baths ∙ 2,370 Sqft ∙ Built 1984 4 beds 3 baths ∙ 2,370 Sqft ∙ Built 1984
    LEASED 09/24/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,650
    • $1.54
    •  
PROPERTY LISTING DETAILS
Gina Miranda
T.n.g. Real Estate Consultants
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: PW20230523
Last Updated: 11/02/2020
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