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15003 Bycroft Street Hacienda Heights, CA 91745

3 Beds 2 Baths 1,691 sqft Built 1962

$705,000

List Price

$2,610

$2.4K - $2.9K

Rent Est.

PROPERTY INFO

80% chance this property will be sold within the next 20 days HOT INVESTMENT
SINGLE-FAMILY
March 12, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1962
  • Price/Sqft : $416.91
  • 3 Days on Market
  • MLS # : CV21052516
  • Updated Date : 03/12/2021 at 15:32
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,691 sqft
  • Baths : 2 full
Listing Agent

Vanguard Real Estate

Listing Agent's Description

Welcome to 15003 Bycroft! This Custom Built Home offers a great floor plan with Original Exterior Design! Great curb appeal with a double door entrance that leads to Beautiful Architectural features like a huge fireplace which also holds the oven on the kitchen side of the fireplace, Also next to fireplace is a Conversation Pit that features built in seating into a depressed section of the flooring next to the dinning room and above you have a Beam Ceiling that brings it all together! Large bedrooms and bathrooms, indoor laundry room with exit door to back yard. Dinning room has a glass sliding door that leads to backyard patio, Master Bedroom includes the Master bath that has an exit door to backyard. RV Parking and a 3 Car Garage we got it! Just a few blocks from Los Altos High School and 3 miles away from the Buddhist Temple, come over and see this Gem for yourself!

SEE MORE

MARKET HIGHLIGHTS

  • Southern California area contributes to 55.3% of California state economy i.e. Gross State Product (USMayors.org, 2018)
  • As part of Southern California area, Los Angeles market inherits all the benefits from the area.
  • 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]
  • 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)
  • 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: Hacienda Heights

NeighborhoodNIR Market*CityMarket2010Year20002019200k250k300k350k400k450k500k550k600k650k700k750k800k850kPrice in $199k856k

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

Neighborhood: Hacienda Heights

NeighborhoodNIR Market*CityMarket2010Year2000 Q42019 Q216001800200022002400260028003000320034003600Rent in $15593697

* 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
Los Robles Academy Primary Regular 328 14 5
Orange Grove Middle School Middle Regular 503 22 5
Los Altos High School High Regular 2,061 75 7

Los Robles Academy

  • Education Level: Primary
  • # of students: 328
  • # of teachers: 14
5
GreatSchools Rating

Orange Grove Middle School

  • Education Level: Middle
  • # of students: 503
  • # of teachers: 22
5
GreatSchools Rating

Los Altos High School

  • Education Level: High
  • # of students: 2,061
  • # of teachers: 75
7
GreatSchools Rating
 

$634,500$775,500$705,000

PURCHASE PRICE

$2,349$2,871$2,610

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,610
EXPENSES Loan Payment -$2,449
Property Tax -$729
Property Insurance -$68
Property Management Fees -$128
CASH FLOW
-$764

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.

$705,000

PROJECTED PRICE

$2,610

PROJECTED RENT

0.37%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.56%
Appreciation Year (1-5) 5.1%
Maintenance Year (1-5) 8.00%
Vacancy 5.05%
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-$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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$192,575

INVESTMENT

$192,575

Down Payment
$176,250
Rehab Estimate
$5,750
Closing Costs
$10,575

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 65% down payment or higher enables the proceeds from the asset to cover all costs.

$2,449

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $176,250
Loan Amount $528,750
See What Happens When You Reinvest Cash Flow

1

YEARS SAVED

$2,934

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,610

    LIST RENT
  • $1.54

    LIST RENT PER SQFT
  • $2,617

    COMP ESTIMATED VALUE
  • $1.55

    COMP AVG. RENT PER SQFT
Comps Range
$2,300
1$2,3002$2,4003$2,5004$2,6005$2,610
$2,610
RENT COMPS ANALYSIS
  • 15003 Bycroft Street Hacienda Heights, CA 5
    • 3 beds 2 baths ∙ 1,691 Sqft ∙ Built 1962 3 beds 2 baths ∙ 1,691 Sqft ∙ Built 1962
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,610
    • $1.54
    •  
  • 1039 Finegrove Avenue Hacienda Heights, CA 1
    • 3 beds 2 baths ∙ 1,458 Sqft ∙ Built 1956 3 beds 2 baths ∙ 1,458 Sqft ∙ Built 1956
    property image
    LEASED 03/10/21
    • Rent
    • Rent Per SQFT
    •  
    • $2,300
    • $1.58
    •  
  • 910 Beech Hill Avenue Hacienda Heights, CA 2
    • 3 beds 2 baths ∙ 1,611 Sqft ∙ Built 1959 3 beds 2 baths ∙ 1,611 Sqft ∙ Built 1959
    property image
    LEASED 01/10/21
    • Rent
    • Rent Per SQFT
    •  
    • $2,400
    • $1.49
    •  
  • 1634 Darley Avenue Hacienda Heights, CA 3
    • 4 beds 2 baths ∙ 1,773 Sqft ∙ Built 1970 4 beds 2 baths ∙ 1,773 Sqft ∙ Built 1970
    property image
    LEASED 06/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $1.41
    •  
  • 15444 Los Robles Avenue Hacienda Heights, CA 4
    • 3 beds 2 baths ∙ 1,521 Sqft ∙ Built 1953 3 beds 2 baths ∙ 1,521 Sqft ∙ Built 1953
    property image
    LEASED 09/29/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,600
    • $1.71
    •  
PROPERTY LISTING DETAILS
Alonzo Perez
Vanguard Real Estate
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: CV21052516
Last Updated: 03/12/2021
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