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PROPERTY INFO
FACTS
- Single Family
- Built In 1979
- Price/Sqft : $330.58
- 5 Days on Market
- MLS # : SR20241906
- Updated Date : 11/18/2020 at 17:55
CONSTRUCTION
- Beds : 5
- Floor Size : 2,662 sqft
- Baths : 3 full , 1 half
Listing Agent
Pinnacle Estate Properties
Listing Agent's Description
Welcome to this elegant 5 bedroom & 3 bathroom cul-de-sac home located in La Habra just walking distance to the Westridge Golf Course in a great neighborhood! Step inside to your open living room with vaulted ceilings which leads into the dining room area that is right off of the kitchen. The spacious kitchen offers tons of cabinets & counter space, granite countertops, a walk-in pantry, stainless steel appliances, & breakfast bar seating. The family room is open to the kitchen & has a stone fireplace along with a wet bar to enjoy your evenings. Also on the main level are a bedroom with a walk-in closet & an upgraded full bathroom for guests or elderly in-laws. Not to forget that the whole home is freshly painted interior throughout. The upstairs features 4 bedrooms with natural bright lights & high ceilings. Your luxurious master suite with his/her walk-in closets with organizers, a fireplace, a suite bathroom with a large built-in tub, shower, & 2 oversized his/her sinks. The additional 3 bedrooms are spacious with access to an additional full bathroom. The backyard is an entertainer's dream; featuring a covered patio with lights, fresh grass yard, storage shed, large trees offering exceptional privacy, & tons of space making it perfect for entertaining & giving you tons of unlimited potential to make it the backyard of your dreams! Other features include a 2 car garage with direct access, plantation shutters, recessed lighting, & a large driveway to park more than 5 cars.
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MARKET HIGHLIGHTS
- 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.
- 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)
PRICE & RENT TRENDS
Neighborhood: Westridge
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Westridge
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $3,600 |
| EXPENSES | Loan Payment | -$3,247 |
| Property Tax | -$907 | |
| Property Insurance | -$91 | |
| Property Management Fees | -$176 | |
|
CASH FLOW
-$822
|
||
This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 14% of earned rent to cover both maintenance and periods of vacancy.
$879,999
PROJECTED PRICE
$3,600
PROJECTED RENT
0.41%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 4.08% |
| Appreciation Year (1-5) | 3.9% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 5.81% |
| Length of Stay Years | 2 |
PROJECTED ACCUMULATED WEALTH
30 YEAR PROJECTION
- Cash Flow
- Appreciation
- Principal
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$238,950
LOAN DETAILS
$3,247
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $220,000 |
| Loan Amount | $659,999 |
1.42
YEARS SAVED
$7,869
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 -
$1.35
LIST RENT PER SQFT
-
$3,853
COMP ESTIMATED VALUE -
$1.45
COMP AVG. RENT PER SQFT
Comps Range
-
1450 Pine Tree Court La Habra, CA 4
- 5 beds 4 baths ∙ 2,662 Sqft ∙ Built 1979 5 beds 4 baths ∙ 2,662 Sqft ∙ Built 1979
- Rent
- Rent Per SQFT
- $3,600
- $1.35
-
1730 Elmsford Avenue La Habra, CA 1
- 4 beds 3 baths ∙ 2,312 Sqft ∙ Built 1965 4 beds 3 baths ∙ 2,312 Sqft ∙ Built 1965
LEASED 10/24/20- Rent
- Rent Per SQFT
- $3,500
- $1.51
-
1571 Coachwood Street La Habra, CA 2
- 4 beds 3 baths ∙ 2,320 Sqft ∙ Built 1967 4 beds 3 baths ∙ 2,320 Sqft ∙ Built 1967
LEASED 06/03/19- Rent
- Rent Per SQFT
- $3,500
- $1.51
-
1450 Lemon Tree Court La Habra, CA 3
- 4 beds 3 baths ∙ 2,633 Sqft ∙ Built 1979 4 beds 3 baths ∙ 2,633 Sqft ∙ Built 1979
LEASED 08/27/19- Rent
- Rent Per SQFT
- $3,500
- $1.33
-
541 W Saint Andrews Avenue La Habra, CA 5
- 4 beds 3 baths ∙ 2,630 Sqft ∙ Built 1994 4 beds 3 baths ∙ 2,630 Sqft ∙ Built 1994
LEASED 08/01/20- Rent
- Rent Per SQFT
- $3,800
- $1.44
PROPERTY LISTING DETAILS
Pinnacle Estate Properties
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
MLS #: SR20241906
Last Updated: 11/18/2020
