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14627 Montevideo Drive Whittier, CA 90605

4 Beds 3 Baths 2,341 sqft Built 1951

$1,049,000

List Price

$3,670

$3.4K - $3.9K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
FACTS
  • Single Family
  • Built In 1951
  • Price/Sqft : $448.10
  • 11 Days on Market
  • MLS # : 21703794
  • Updated Date : 03/19/2021 at 18:05
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,341 sqft
  • Baths : 3 full
Listing Agent

Compass

Listing Agent's Description

Welcome to 14627 Montevideo Dr. in beautiful Friendly Hills. Situated on a quiet double cul-de-sac this spacious single level ranch style home boasts 4Bedrooms & 3Bathrooms. Kitchen has been tastefully updated with stainless steel appliances and quartz countertops. Outside youll find a covered patio spanning the full width of the home and a sprawling backyard with plenty of room for entertaining and relaxing. Oversized 3 car garage with room for a home gym Built on a huge flat 20,473sq ft lot there is room for expansion, pool and even a guest house. Award winning East Whittier School District.You won't want to miss this one! showings to begin 3/22

SEE MORE

MARKET HIGHLIGHTS

  • Southern California's economy is worth $1.58 trillion in Gross Metro Product and projected to grow to $1.67 trillion (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)
  • Southern California area contributes to 55.3% of California state economy i.e. Gross State Product (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)
  • 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)
  • 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)

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
Ocean View Elementary School Primary Regular 795 30 9
East Whittier Middle School Middle Regular 1,287 45 8
La Serna High School High Regular 2,940 100 9

Ocean View Elementary School

  • Education Level: Primary
  • # of students: 795
  • # of teachers: 30
9
GreatSchools Rating

East Whittier Middle School

  • Education Level: Middle
  • # of students: 1,287
  • # of teachers: 45
8
GreatSchools Rating

La Serna High School

  • Education Level: High
  • # of students: 2,940
  • # of teachers: 100
9
GreatSchools Rating
 

$944,100$1,153,900$1,049,000

PURCHASE PRICE

$3,303$4,037$3,670

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,670
EXPENSES Loan Payment -$3,644
Property Tax -$1,101
Property Insurance -$84
Property Management Fees -$180
CASH FLOW
-$1,338

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.

$1,049,000

PROJECTED PRICE

$3,670

PROJECTED RENT

0.35%

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$3.0M

PROJECTED ANNUAL CASH FLOW

11530-$25k-$20k-$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$2.5M$3.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$283,735

INVESTMENT

$283,735

Down Payment
$262,250
Rehab Estimate
$5,750
Closing Costs
$15,735

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 70% down payment or higher enables the proceeds from the asset to cover all costs.

$3,644

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $262,250
Loan Amount $786,750
See What Happens When You Reinvest Cash Flow

0.42

YEARS SAVED

$1,131

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,670

    LIST RENT
  • $1.57

    LIST RENT PER SQFT
  • $3,722

    COMP ESTIMATED VALUE
  • $1.59

    COMP AVG. RENT PER SQFT
Comps Range
$2,995
1$2,9952$3,6703$4,200
$4,200
RENT COMPS ANALYSIS
  • 14627 Montevideo Drive Whittier, CA 2
    • 4 beds 3 baths ∙ 2,341 Sqft ∙ Built 1951 4 beds 3 baths ∙ 2,341 Sqft ∙ Built 1951
    • Rent
    • Rent Per SQFT
    •  
    • $3,670
    • $1.57
    •  
  • 8105 Calmada Avenue Whittier, CA 1
    • 4 beds 2 baths ∙ 2,055 Sqft ∙ Built 1951 4 beds 2 baths ∙ 2,055 Sqft ∙ Built 1951
    LEASED 08/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,995
    • $1.46
    •  
  • 9636 La Cima Drive Whittier, CA 3
    • 4 beds 3 baths ∙ 2,441 Sqft ∙ Built 1953 4 beds 3 baths ∙ 2,441 Sqft ∙ Built 1953
    LEASED 03/25/20
    • Rent
    • Rent Per SQFT
    •  
    • $4,200
    • $1.72
    •  
PROPERTY LISTING DETAILS
Andrew Rayas
Compass
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: 21703794
Last Updated: 03/19/2021
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