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14629 Lassalette Street La Puente, CA 91744

3 Beds 2 Baths 1,076 sqft Built 1957

$560,000

List Price

$2,190

$2K - $2.4K

Rent Est.

PROPERTY INFO

February 06, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1957
  • Price/Sqft : $520.45
  • 6 Days on Market
  • MLS # : SR21019490
  • Updated Date : 02/06/2021 at 05:14
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,076 sqft
  • Baths : 2 full
Listing Agent

Get Assured Inc

Listing Agent's Description

Opportunity to own a property in one of the desirable area of La Puente. Come and own this 3 bedrooms and 2 bathrooms, one story single family home with an attached 2 car garage that can possibly be converted to an accessory dwelling unit (ADU). Cemented driveway to accommodate several vehicles and possibly RV. Well dressed less-water landscaping was added to the front yard for minimal maintenance. Spacious backyard for entertaining your friends and family during weekends ideal for barbeque parties. The house has plenty of potentials for future renovations. Come and see it.

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: West Puente Valley

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450k500k550k600kPrice in $143k622k

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

Neighborhood: West Puente Valley

NeighborhoodNIR Market*CityMarket2010Year2000 Q42019 Q214001600180020002200240026002800Rent in $13252941

* 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
Sparks Middle School Middle Regular 476 22 5
La Puente High School High Regular 1,403 54 6

Sparks Middle School

  • Education Level: Middle
  • # of students: 476
  • # of teachers: 22
5
GreatSchools Rating

La Puente High School

  • Education Level: High
  • # of students: 1,403
  • # of teachers: 54
6
GreatSchools Rating
 

$504,000$616,000$560,000

PURCHASE PRICE

$1,971$2,409$2,190

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,190
EXPENSES Loan Payment -$1,945
Property Tax -$595
Property Insurance -$53
Property Management Fees -$107
CASH FLOW
-$511

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.

$560,000

PROJECTED PRICE

$2,190

PROJECTED RENT

0.39%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.35%
Appreciation Year (1-5) 7.9%
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$200k$400k$600k$800k$1.0M$1.2M$1.4M$1.6M$1.8M

PROJECTED ANNUAL CASH FLOW

11530-$10k-$5.0k$0.0$5.0k$10k

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$1.8M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$154,150

INVESTMENT

$154,150

Down Payment
$140,000
Rehab Estimate
$5,750
Closing Costs
$8,400

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 60% down payment or higher enables the proceeds from the asset to cover all costs.

$1,945

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $140,000
Loan Amount $420,000
See What Happens When You Reinvest Cash Flow

1.58

YEARS SAVED

$5,372

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,190

    LIST RENT
  • $2.04

    LIST RENT PER SQFT
  • $1,929

    COMP ESTIMATED VALUE
  • $1.79

    COMP AVG. RENT PER SQFT
Comps Range
$2,100
1$2,1002$2,1903$2,2004$2,5005$2,500
$2,500
RENT COMPS ANALYSIS
  • 14629 Lassalette Street La Puente, CA 2
    • 3 beds 2 baths ∙ 1,076 Sqft ∙ Built 1957 3 beds 2 baths ∙ 1,076 Sqft ∙ Built 1957
    • Rent
    • Rent Per SQFT
    •  
    • $2,190
    • $2.04
    •  
  • 14138 Beckner Street La Puente, CA 1
    • 4 beds 2 baths ∙ 1,257 Sqft ∙ Built 1955 4 beds 2 baths ∙ 1,257 Sqft ∙ Built 1955
    LEASED 03/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,100
    • $1.67
    •  
  • 14028 Prichard Street La Puente, CA 3
    • 4 beds 1 baths ∙ 1,245 Sqft ∙ Built 1955 4 beds 1 baths ∙ 1,245 Sqft ∙ Built 1955
    LEASED 08/16/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,200
    • $1.77
    •  
  • 1466 S Conlon Avenue West Covina, CA 4
    • 4 beds 2 baths ∙ 1,377 Sqft ∙ Built 1959 4 beds 2 baths ∙ 1,377 Sqft ∙ Built 1959
    LEASED 08/05/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $1.82
    •  
  • 730 Cabana Avenue La Puente, CA 5
    • 3 beds 2 baths ∙ 1,309 Sqft ∙ Built 1956 3 beds 2 baths ∙ 1,309 Sqft ∙ Built 1956
    LEASED 06/25/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $1.91
    •  
PROPERTY LISTING DETAILS
Menardo Mendoza
Get Assured Inc
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: SR21019490
Last Updated: 02/06/2021
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