Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more

1423 Brea Canyon Cutoff Road Rowland Heights, CA 91748

3 Beds 3 Baths 1,678 sqft Built 1972

$738,000

List Price

$2,800

$2.6K - $3.1K

Rent Est.

PROPERTY INFO

February 06, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1972
  • Price/Sqft : $439.81
  • 2 Days on Market
  • MLS # : TR21021547
  • Updated Date : 02/06/2021 at 05:08
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,678 sqft
  • Baths : 2 full , 1 half
Listing Agent

New Path Realty

Listing Agent's Description

Welcome home to this cozy 3 bed 2.5 bath charmer. Located in the sought after neighborhood, this turn-key single-story house offers a spacious upgraded kitchen with quartz countertops, stainless steel sink & appliances, full glass subway tile backsplash, and plenty of cabinets space. The huge family/entertaining room in the back added in 2018 (with permit) is the perfect place for family gatherings and movie nights. It has a 10’ ceiling, crown molding, bamboo floor, a French door, a half bath, a mini split A/C unit, and a pocket French door connecting to the living room. Other features include an open floorplan, upgraded bathrooms, engineered wood floor, a brick fireplace with mantle, dual-paned windows, recessed lights throughout the house, RO drinking water, Rachio smart irrigation system, 3 Ring floodlight cameras around the house; new water heater, electrical panel, and A/C system including new coil and ductworks all replaced in 2018; 2-car attached garage with drywalled walls and ceiling, a covered patio, a fruit-bearing tangerine tree, and much more… While sitting on a quiet street, this house is just 7 houses away from 168 Market, Starbucks, McDonalds, Daiso, UPS store, hair salon, restaurants, shops… 2 blocks away from Stater Bros, Wells Fargo and lots more... close to schools, park, golf course, and freeways. Whether you are starting a family or getting ready to retire, this is the house for you. It will bring you endless prosperity, happiness, and good health!

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: Rowland Heights

NeighborhoodNIR Market*CityMarket2010Year20002019200k250k300k350k400k450k500k550k600k650kPrice in $187k690k

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

Neighborhood: Rowland Heights

NeighborhoodNIR Market*CityMarket2010Year2000 Q42019 Q216001700180019002000210022002300240025002600270028002900Rent in $15582941

* 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
John A. Rowland High School High Regular 2,329 87 8

John A. Rowland High School

  • Education Level: High
  • # of students: 2,329
  • # of teachers: 87
8
GreatSchools Rating
 

$664,200$811,800$738,000

PURCHASE PRICE

$2,520$3,080$2,800

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,800
EXPENSES Loan Payment -$2,563
Property Tax -$765
Property Insurance -$68
Property Management Fees -$137
CASH FLOW
-$734

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.

$738,000

PROJECTED PRICE

$2,800

PROJECTED RENT

0.38%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.48%
Appreciation Year (1-5) 5.0%
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-$15k-$10k-$5.0k$0.0$5.0k$10k$15k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$500k$1.0M$1.5M$2.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$201,320

INVESTMENT

$201,320

Down Payment
$184,500
Rehab Estimate
$5,750
Closing Costs
$11,070

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,563

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $184,500
Loan Amount $553,500
See What Happens When You Reinvest Cash Flow

1.42

YEARS SAVED

$5,278

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,800

    LIST RENT
  • $1.67

    LIST RENT PER SQFT
  • $2,819

    COMP ESTIMATED VALUE
  • $1.68

    COMP AVG. RENT PER SQFT
Comps Range
$2,500
1$2,5002$2,5503$2,7004$2,8005$2,900
$2,900
RENT COMPS ANALYSIS
  • 1423 Brea Canyon Cutoff Road Rowland Heights, CA 4
    • 3 beds 3 baths ∙ 1,678 Sqft ∙ Built 1972 3 beds 3 baths ∙ 1,678 Sqft ∙ Built 1972
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,800
    • $1.67
    •  
  • 19529 Bluffwood Street Rowland Heights, CA 1
    • 3 beds 2 baths ∙ 1,609 Sqft ∙ Built 1963 3 beds 2 baths ∙ 1,609 Sqft ∙ Built 1963
    property image
    LEASED 05/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $1.55
    •  
  • 2020 Bing Court Rowland Heights, CA 2
    • 3 beds 2 baths ∙ 1,500 Sqft ∙ Built 1982 3 beds 2 baths ∙ 1,500 Sqft ∙ Built 1982
    property image
    LEASED 05/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,550
    • $1.70
    •  
  • 1766 Pepperdale Drive Rowland Heights, CA 3
    • 4 beds 2 baths ∙ 1,558 Sqft ∙ Built 1978 4 beds 2 baths ∙ 1,558 Sqft ∙ Built 1978
    property image
    LEASED 10/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,700
    • $1.73
    •  
  • 1167 Tierra Luna Walnut, CA 5
    • 3 beds 2 baths ∙ 1,663 Sqft ∙ Built 1978 3 beds 2 baths ∙ 1,663 Sqft ∙ Built 1978
    property image
    LEASED 08/17/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,900
    • $1.74
    •  
PROPERTY LISTING DETAILS
Claudia Kwan Chan
New Path Realty
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: TR21021547
Last Updated: 02/06/2021
BESbswy