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14667 Hawes Street Whittier, CA 90604

4 Beds 2 Baths 1,794 sqft Built 1964

$675,000

List Price

$2,910

$2.7K - $3.2K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
FACTS
  • Single Family
  • Built In 1964
  • Price/Sqft : $376.25
  • 18 Days on Market
  • MLS # : DW21016085
  • Updated Date : 02/26/2021 at 16:22
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,794 sqft
  • Baths : 2 full
Listing Agent

Keller Williams Pacific Estates La Mirada

Listing Agent's Description

This 4 bedroom, 2 bathroom home is highlighted by central A/C, fireplace, and private backyard. Upon entry is the spacious living room with the fireplace and windows to let in plenty of natural light. Beyond the living room is the kitchen and dining area with direct access to the backyard. The kitchen is equipped with plenty of cabinet space, dishwasher, gas stovetop, and oven. There is also plenty of dining space to have family dinners and enjoy the backyard view. Also on the first floor is two bedrooms with plenty of closet space, carpet, and windows to let in natural light. The first bathroom is central to both bedrooms and remodeled with a standing shower and tile backsplash, shower seat, and newer vanity. On the second floor are the other two bedrooms which both feature closet space, carpet flooring, and windows for natural light. The second bathroom is shared by both bedrooms and features updated flooring, tub and large vanity space. The backyard is private and features a covered patio area with space for outdoor dining, fruit trees and well-maintained grassy space to enjoy. The home is conveniently located near plenty of places to eat and shop and near California High School.

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • 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)

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
Hillview Middle School Middle Regular 676 31 6
California High School High Regular 2,955 103 7

La Colima Elementary School

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

Hillview Middle School

  • Education Level: Middle
  • # of students: 676
  • # of teachers: 31
6
GreatSchools Rating

California High School

  • Education Level: High
  • # of students: 2,955
  • # of teachers: 103
7
GreatSchools Rating
 

$607,500$742,500$675,000

PURCHASE PRICE

$2,619$3,201$2,910

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,910
EXPENSES Loan Payment -$2,345
Property Tax -$714
Property Insurance -$70
Property Management Fees -$143
CASH FLOW
-$362

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.

$675,000

PROJECTED PRICE

$2,910

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-$10k-$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$184,625

INVESTMENT

$184,625

Down Payment
$168,750
Rehab Estimate
$5,750
Closing Costs
$10,125

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,345

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $168,750
Loan Amount $506,250
See What Happens When You Reinvest Cash Flow

3.5

YEARS SAVED

$20,524

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,910

    LIST RENT
  • $1.62

    LIST RENT PER SQFT
  • $3,099

    COMP ESTIMATED VALUE
  • $1.73

    COMP AVG. RENT PER SQFT
Comps Range
$2,800
1$2,8002$2,9003$2,9004$2,9105$3,400
$3,400
RENT COMPS ANALYSIS
  • 14667 Hawes Street Whittier, CA 4
    • 4 beds 2 baths ∙ 1,794 Sqft ∙ Built 1964 4 beds 2 baths ∙ 1,794 Sqft ∙ Built 1964
    • Rent
    • Rent Per SQFT
    •  
    • $2,910
    • $1.62
    •  
  • 10518 Nashville Avenue Whittier, CA 1
    • 3 beds 2 baths ∙ 1,643 Sqft ∙ Built 1950 3 beds 2 baths ∙ 1,643 Sqft ∙ Built 1950
    LEASED 11/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,800
    • $1.70
    •  
  • 14857 Cedarsprings Drive Whittier, CA 2
    • 4 beds 1 baths ∙ 1,679 Sqft ∙ Built 1951 4 beds 1 baths ∙ 1,679 Sqft ∙ Built 1951
    LEASED 08/25/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,900
    • $1.73
    •  
  • 10502 Bluefield Avenue Whittier, CA 3
    • 4 beds 1 baths ∙ 1,743 Sqft ∙ Built 1954 4 beds 1 baths ∙ 1,743 Sqft ∙ Built 1954
    LEASED 01/17/21
    • Rent
    • Rent Per SQFT
    •  
    • $2,900
    • $1.66
    •  
  • 15208 Cullen Street Whittier, CA 5
    • 3 beds 2 baths ∙ 1,864 Sqft ∙ Built 1952 3 beds 2 baths ∙ 1,864 Sqft ∙ Built 1952
    LEASED 11/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,400
    • $1.82
    •  
PROPERTY LISTING DETAILS
Remoun Said
Keller Williams Pacific Estates La Mirada
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: DW21016085
Last Updated: 02/26/2021
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