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140 E Pinehurst Avenue La Habra, CA 90631

3 Beds 1 Baths 1,083 sqft Built 1951

$550,000

List Price

$2,630

$2.4K - $2.9K

Rent Est.

PROPERTY INFO

January 09, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1951
  • Price/Sqft : $507.85
  • 2 Days on Market
  • MLS # : IN21005011
  • Updated Date : 01/09/2021 at 12:39
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,083 sqft
  • Baths : 1 full
Listing Agent

The Real Estate Group

Listing Agent's Description

Single Family Residence Excellent Opportunity for Owner Occupy. Please do not disturb occupants. submit your offers subject to inspection. Contact agent for more information.

SEE MORE

MARKET HIGHLIGHTS

  • 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]
  • 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's economy is worth $1.58 trillion in Gross Metro Product and projected to grow to $1.67 trillion (USMayors.org, 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)
  • 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)
  • As part of Southern California area, Orange County market inherits all the benefits from the area.

PRICE & RENT TRENDS

Zip Code: 90631

ZipNIR Market*CityMarket2010Year20002019250k300k350k400k450k500k550k600k650k700kPrice in $217k742k

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

Zip Code: 90631

ZipNIR Market*CityMarket2010Year2000 Q22019 Q218002000220024002600280030003200Rent in $17143345

* 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
Arbolita Elementary School Primary Regular 389 15 3
Washington Middle School Middle Regular 854 33 4
La Habra High School High Magnet 2,230 73 7

Arbolita Elementary School

  • Education Level: Primary
  • # of students: 389
  • # of teachers: 15
3
GreatSchools Rating

Washington Middle School

  • Education Level: Middle
  • # of students: 854
  • # of teachers: 33
4
GreatSchools Rating

La Habra High School

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

$495,000$605,000$550,000

PURCHASE PRICE

$2,367$2,893$2,630

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,630
EXPENSES Loan Payment -$1,910
Property Tax -$567
Property Insurance -$53
Property Management Fees -$129
CASH FLOW
-$29

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.

$550,000

PROJECTED PRICE

$2,630

PROJECTED RENT

0.48%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.24%
Appreciation Year (1-5) 6.6%
Maintenance Year (1-5) 8.00%
Vacancy 5.38%
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$25k

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$151,500

INVESTMENT

$151,500

Down Payment
$137,500
Rehab Estimate
$5,750
Closing Costs
$8,250

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 45% down payment or higher enables the proceeds from the asset to cover all costs.

$1,910

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $137,500
Loan Amount $412,500
See What Happens When You Reinvest Cash Flow

5.67

YEARS SAVED

$35,628

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,630

    LIST RENT
  • $2.43

    LIST RENT PER SQFT
  • $2,304

    COMP ESTIMATED VALUE
  • $2.13

    COMP AVG. RENT PER SQFT
Comps Range
$2,600
1$2,6002$2,6303$2,8004$3,0005$3,075
$3,075
RENT COMPS ANALYSIS
  • 140 E Pinehurst Avenue La Habra, CA 2
    • 3 beds 1 baths ∙ 1,083 Sqft ∙ Built 1951 3 beds 1 baths ∙ 1,083 Sqft ∙ Built 1951
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,630
    • $2.43
    •  
  • 311 N Colfax Street La Habra, CA 1
    • 3 beds 2 baths ∙ 1,210 Sqft ∙ Built 1955 3 beds 2 baths ∙ 1,210 Sqft ∙ Built 1955
    property image
    LEASED 09/23/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,600
    • $2.15
    •  
  • 230 La Plaza Drive La Habra, CA 3
    • 4 beds 2 baths ∙ 1,355 Sqft ∙ Built 1956 4 beds 2 baths ∙ 1,355 Sqft ∙ Built 1956
    property image
    LEASED 10/09/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,800
    • $2.07
    •  
  • 1310 Comity Circle La Habra, CA 4
    • 3 beds 2 baths ∙ 1,406 Sqft ∙ Built 1956 3 beds 2 baths ∙ 1,406 Sqft ∙ Built 1956
    property image
    LEASED 05/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,000
    • $2.13
    •  
  • 1111 Carol Street La Habra, CA 5
    • 3 beds 2 baths ∙ 1,422 Sqft ∙ Built 1951 3 beds 2 baths ∙ 1,422 Sqft ∙ Built 1951
    property image
    LEASED 10/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,075
    • $2.16
    •  
PROPERTY LISTING DETAILS
Mina Montejano
The Real Estate Group
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: IN21005011
Last Updated: 01/09/2021
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