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14628 Poulter Drive Whittier, CA 90604

3 Beds 2 Baths 1,601 sqft Built 1960

$649,900

List Price

$2,800

$2.6K - $3.1K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 04, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1960
  • Price/Sqft : $405.93
  • 4 Days on Market
  • MLS # : PW21041150
  • Updated Date : 03/05/2021 at 12:58
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,601 sqft
  • Baths : 2 full
Listing Agent

T.n.g. Real Estate Consultants

Listing Agent's Description

Feels Like Home. Just Might be One of the Most Desirable Classic Single Story Floor Plans with 3 Bedrooms and 1.75 Baths. Large Living Room has Bay Window and Beautiful Hardwood Flooring. Family Room has an inviting Corner Fireplace with a Sitting-Height Hearth and is Adjacent to the Enclosed Patio/Bonus Area Extending the Feel of the Living Space. Kitchen with Hot-Water Dispenser & Dining Area are both Open to the Family Room which lends itself to be Your Ideal Multifunctional Space. Charming Master Bedroom with Hardwood Flooring and Updated Master Bath. 2nd and 3rd Bedrooms have Hardwood Flooring and 2nd Bathroom Feels Large, Light and Bright with Double Sinks. Laundry Room has Counter Space and Storage and can be Closed or Open to the Adjacent Space. Again, not to mention the Enclosed Patio which you Might want to call a Bonus Room, Office or Game Room. Don't forget to Look in the Garage... So Many Cabinets and So Much Counter Space. Check off your List of Required Features when you See the Driveway Gate, Measure Your RV for Possible RV Parking, Newer Roof, Newer Windows, Upgraded Electrical Panel, Long Driveway for Additional Parking, Thoughtfully Planned Hardscaping with Pavers Front and Back, Large Open Patio for Entertaining in addition to the Enclosed Patio, and Artificial Grass in Backyard for Low-maintenance....Makes this a Home that will not last!

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • 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]
  • 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's economy is worth $1.58 trillion in Gross Metro Product and projected to grow to $1.67 trillion (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)
  • 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: South Whittier

NeighborhoodNIR Market*CityMarket2010Year20002019200k250k300k350k400k450k500k550k600kPrice in $153k622k

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

Neighborhood: South Whittier

NeighborhoodNIR Market*CityMarket2010Year2000 Q42019 Q214001600180020002200240026002800Rent in $13892941

* 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
La Colima Elementary School Primary Regular 522 21 6
Granada Middle School Middle Regular 1,087 41 8
La Serna High School High Regular 2,940 100 9

La Colima Elementary School

  • Education Level: Primary
  • # of students: 522
  • # of teachers: 21
6
GreatSchools Rating

Granada Middle School

  • Education Level: Middle
  • # of students: 1,087
  • # of teachers: 41
8
GreatSchools Rating

La Serna High School

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

$584,910$714,890$649,900

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 -$2,257
Property Tax -$688
Property Insurance -$66
Property Management Fees -$137
CASH FLOW
-$348

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 12% of earned rent to cover both maintenance and periods of vacancy.

$649,900

PROJECTED PRICE

$2,800

PROJECTED RENT

0.43%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.35%
Appreciation Year (1-5) 7.0%
Maintenance Year (1-5) 8.00%
Vacancy 4.14%
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-$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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$177,974

INVESTMENT

$177,974

Down Payment
$162,475
Rehab Estimate
$5,750
Closing Costs
$9,749

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 55% down payment or higher enables the proceeds from the asset to cover all costs.

$2,257

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $162,475
Loan Amount $487,425
See What Happens When You Reinvest Cash Flow

3.5

YEARS SAVED

$19,769

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
  • $1.75

    LIST RENT PER SQFT
  • $2,990

    COMP ESTIMATED VALUE
  • $1.87

    COMP AVG. RENT PER SQFT
Comps Range
$2,700
1$2,7002$2,8003$2,8004$2,9005$2,900
$2,900
RENT COMPS ANALYSIS
  • 14628 Poulter Drive Whittier, CA 3
    • 3 beds 2 baths ∙ 1,601 Sqft ∙ Built 1960 3 beds 2 baths ∙ 1,601 Sqft ∙ Built 1960
    • Rent
    • Rent Per SQFT
    •  
    • $2,800
    • $1.75
    •  
  • 15039 Goodhue Street Whittier, CA 1
    • 3 beds 1 baths ∙ 1,444 Sqft ∙ Built 1955 3 beds 1 baths ∙ 1,444 Sqft ∙ Built 1955
    LEASED 02/07/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,700
    • $1.87
    •  
  • 14417 Allegan Street Whittier, CA 2
    • 3 beds 2 baths ∙ 1,461 Sqft ∙ Built 1954 3 beds 2 baths ∙ 1,461 Sqft ∙ Built 1954
    LEASED 02/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,800
    • $1.92
    •  
  • 14781 Lucinda Drive Whittier, CA 4
    • 3 beds 1 baths ∙ 1,555 Sqft ∙ Built 1956 3 beds 1 baths ∙ 1,555 Sqft ∙ Built 1956
    LEASED 08/25/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,900
    • $1.86
    •  
  • 11734 Broadfield Drive La Mirada, CA 5
    • 3 beds 2 baths ∙ 1,594 Sqft ∙ Built 1958 3 beds 2 baths ∙ 1,594 Sqft ∙ Built 1958
    LEASED 06/27/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,900
    • $1.82
    •  
PROPERTY LISTING DETAILS
Nancy Gregory
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 #: PW21041150
Last Updated: 03/05/2021
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