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15174 Dunton Drive Whittier, CA 90604

3 Beds 2 Baths 1,232 sqft Built 1956

$668,800

List Price

$2,640

$2.4K - $2.9K

Rent Est.

PROPERTY INFO

December 02, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1956
  • Price/Sqft : $542.86
  • 6 Days on Market
  • MLS # : PW20248954
  • Updated Date : 12/01/2020 at 15:34
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,232 sqft
  • Baths : 2 full
Listing Agent

T.n.g. Real Estate Consultants

Listing Agent's Description

Just in time for the holidays! This beautiful SINGLE STORY in the great community of Whittier is now ready for a new family. Starting with the large driveway and inviting curb appeal, you will want to make it yours. This home features a bright and open floor plan with an updated kitchen, large sliding glass door to the back yard, and plenty of natural lighting. The kitchen includes ample and convenient storage with pullout cabinet drawers, and a centrally located peninsula with wine fridge. The kitchen also offers direct access to the backyard and is open to the dining room. The Master Suite includes a private bath with a shower, closet and ample storage. The additional large two bedrooms offer plenty of space and are conveniently located near the second full bathroom. Upgraded central air and dual pane windows will provide comfort all year long. The backyard offers the perfect area for entertaining or for enjoying nice peaceful family time. This home is located close to restaurants, entertainment, shopping centers and Downtown Whittier.

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • 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)

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
 

$601,920$735,680$668,800

PURCHASE PRICE

$2,376$2,904$2,640

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,640
EXPENSES Loan Payment -$2,468
Property Tax -$707
Property Insurance -$57
Property Management Fees -$129
CASH FLOW
-$720

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.

$668,800

PROJECTED PRICE

$2,640

PROJECTED RENT

0.39%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.35%
Appreciation Year (1-5) 7.0%
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

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$182,982

INVESTMENT

$182,982

Down Payment
$167,200
Rehab Estimate
$5,750
Closing Costs
$10,032

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,468

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $167,200
Loan Amount $501,600
See What Happens When You Reinvest Cash Flow

1.33

YEARS SAVED

$5,328

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,640

    LIST RENT
  • $2.14

    LIST RENT PER SQFT
  • $2,264

    COMP ESTIMATED VALUE
  • $1.84

    COMP AVG. RENT PER SQFT
Comps Range
$2,400
1$2,4002$2,4503$2,6004$2,6405$2,700
$2,700
RENT COMPS ANALYSIS
  • 15174 Dunton Drive Whittier, CA 4
    • 3 beds 2 baths ∙ 1,232 Sqft ∙ Built 1956 3 beds 2 baths ∙ 1,232 Sqft ∙ Built 1956
    • Rent
    • Rent Per SQFT
    •  
    • $2,640
    • $2.14
    •  
  • 10611 La Alba Drive Whittier, CA 1
    • 3 beds 1 baths ∙ 1,333 Sqft ∙ Built 1954 3 beds 1 baths ∙ 1,333 Sqft ∙ Built 1954
    LEASED 09/25/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,400
    • $1.80
    •  
  • 10633 Woodstead Avenue Whittier, CA 2
    • 3 beds 1 baths ∙ 1,386 Sqft ∙ Built 1954 3 beds 1 baths ∙ 1,386 Sqft ∙ Built 1954
    LEASED 06/21/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,450
    • $1.77
    •  
  • 15537 Dittmar Drive Whittier, CA 3
    • 3 beds 2 baths ∙ 1,359 Sqft ∙ Built 1955 3 beds 2 baths ∙ 1,359 Sqft ∙ Built 1955
    LEASED 08/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,600
    • $1.91
    •  
  • 15039 Goodhue Street Whittier, CA 5
    • 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
    •  
PROPERTY LISTING DETAILS
Sunny Choi
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 #: PW20248954
Last Updated: 12/01/2020
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