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15127 Goodhue Street Whittier, CA 90604

3 Beds 2 Baths 1,770 sqft Built 1959

$625,000

List Price

$2,890

$2.6K - $3.1K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 06, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1959
  • Price/Sqft : $353.11
  • 3 Days on Market
  • MLS # : OC21046310
  • Updated Date : 03/05/2021 at 22:11
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,770 sqft
  • Baths : 2 full
Listing Agent

Compass

Listing Agent's Description

Welcome to 15127 Goodhue! This must see charming single level 3-bedroom 2-bathroom Whittier home is situated in a very desirable inside tract location. When entering the home, you will see the fireplace and a spacious open living room with wood flooring. Plenty of space to entertain with an open floor plan and the bonus room with new carpet that leads to the backyard. This sought after large 1,770 SF home is located close to parks, schools, shopping and more. Please make sure to view the virtual tour. This is an “as is sale” and a great opportunity to upgrade and make it your own.

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
Orchard Dale Elementary School Primary Regular 620 27 6
Hillview Middle School Middle Regular 676 31 6
La Serna High School High Regular 2,940 100 9

Orchard Dale Elementary School

  • Education Level: Primary
  • # of students: 620
  • # of teachers: 27
6
GreatSchools Rating

Hillview Middle School

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

La Serna High School

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

$562,500$687,500$625,000

PURCHASE PRICE

$2,601$3,179$2,890

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,890
EXPENSES Loan Payment -$2,171
Property Tax -$655
Property Insurance -$70
Property Management Fees -$142
CASH FLOW
-$148

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.

$625,000

PROJECTED PRICE

$2,890

PROJECTED RENT

0.46%

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$25k

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$171,375

INVESTMENT

$171,375

Down Payment
$156,250
Rehab Estimate
$5,750
Closing Costs
$9,375

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 50% down payment or higher enables the proceeds from the asset to cover all costs.

$2,171

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $156,250
Loan Amount $468,750
See What Happens When You Reinvest Cash Flow

5.25

YEARS SAVED

$34,504

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,890

    LIST RENT
  • $1.63

    LIST RENT PER SQFT
  • $3,111

    COMP ESTIMATED VALUE
  • $1.76

    COMP AVG. RENT PER SQFT
Comps Range
$2,890
1$2,8902$2,9003$2,9004$2,9005$3,400
$3,400
RENT COMPS ANALYSIS
  • 15127 Goodhue Street Whittier, CA 1
    • 3 beds 2 baths ∙ 1,770 Sqft ∙ Built 1959 3 beds 2 baths ∙ 1,770 Sqft ∙ Built 1959
    • Rent
    • Rent Per SQFT
    •  
    • $2,890
    • $1.63
    •  
  • 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
    •  
  • 11734 Broadfield Drive La Mirada, CA 4
    • 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
    •  
  • 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
Kevin Via
Compass
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: OC21046310
Last Updated: 03/05/2021
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