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15275 El Soneto Drive Whittier, CA 90605

3 Beds 1 Baths 1,960 sqft Built 1951

$975,000

List Price

$3,260

$3K - $3.5K

Rent Est.

PROPERTY INFO

February 12, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1951
  • Price/Sqft : $497.45
  • 3 Days on Market
  • MLS # : PW21029388
  • Updated Date : 02/12/2021 at 13:57
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,960 sqft
  • Baths : 1 full
Listing Agent

Coldwell Banker Alliance

Listing Agent's Description

Welcome to the exclusive neighborhood of Friendly Hills! This exquisite, SINGLE STORY Ranch Style home is situated on an 18,800+ sq ft lot with stunning curb appeal, unrivaled privacy, and plenty of space to spread out. The home offers 3 spacious bedrooms, 2 bathrooms with approximately 1,960 square feet of living space. Stepping through the entry way you will have a sizable formal living room with a cozy fireplace, and a family room with a second fireplace which opens to the kitchen. The kitchen has been newly remodeled with new plumbing, appliances including double ovens, dishwasher, refrigerator, and wooden floors. Other upgrades include a new AC/Furnace system, new windows in most of the home, recess lighting, new sprinklers front and back yard. There is an inviting park like expansive back yard with an abundance of lush greenery, beautiful landscaping, and fruit trees along with a covered patio for entertaining your guests with tranquility. Located on a secluded cul-de-sac street in one of the most prestigious neighborhoods of Friendly Hills. This is the epitome of gracious living!

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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: Whittier

NeighborhoodNIR Market*CityMarket2010Year20002019200k250k300k350k400k450k500k550k600kPrice in $178k622k

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

Neighborhood: Whittier

NeighborhoodNIR Market*CityMarket2010Year2000 Q42019 Q21600180020002200240026002800Rent in $14492941

* 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
Murphy Ranch Elementary School Primary Regular 566 20 9
Granada Middle School Middle Regular 1,087 41 8
La Serna High School High Regular 2,940 100 9

Murphy Ranch Elementary School

  • Education Level: Primary
  • # of students: 566
  • # of teachers: 20
9
GreatSchools Rating

Granada Middle School

  • Education Level: Middle
  • # of students: 1,087
  • # of teachers: 41
8
GreatSchools Rating

La Serna High School

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

$877,500$1,072,500$975,000

PURCHASE PRICE

$2,934$3,586$3,260

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,260
EXPENSES Loan Payment -$3,387
Property Tax -$1,024
Property Insurance -$74
Property Management Fees -$160
CASH FLOW
-$1,384

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.

$975,000

PROJECTED PRICE

$3,260

PROJECTED RENT

0.33%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.48%
Appreciation Year (1-5) 6.2%
Maintenance Year (1-5) 8.00%
Vacancy 4.69%
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$2.5M

PROJECTED ANNUAL CASH FLOW

11530-$25k-$20k-$15k-$10k-$5.0k$0.0$5.0k$10k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$500k$1.0M$1.5M$2.0M$2.5M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$264,125

INVESTMENT

$264,125

Down Payment
$243,750
Rehab Estimate
$5,750
Closing Costs
$14,625

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 70% down payment or higher enables the proceeds from the asset to cover all costs.

$3,387

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $243,750
Loan Amount $731,250
See What Happens When You Reinvest Cash Flow

0.25

YEARS SAVED

$248

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,260

    LIST RENT
  • $1.66

    LIST RENT PER SQFT
  • $3,308

    COMP ESTIMATED VALUE
  • $1.69

    COMP AVG. RENT PER SQFT
Comps Range
$2,900
1$2,9002$2,9003$2,9004$3,2605$3,400
$3,400
RENT COMPS ANALYSIS
  • 15275 El Soneto Drive Whittier, CA 4
    • 3 beds 1 baths ∙ 1,960 Sqft ∙ Built 1951 3 beds 1 baths ∙ 1,960 Sqft ∙ Built 1951
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $3,260
    • $1.66
    •  
  • 8954 Gunn Avenue Whittier, CA 1
    • 4 beds 2 baths ∙ 1,880 Sqft ∙ Built 1950 4 beds 2 baths ∙ 1,880 Sqft ∙ Built 1950
    property image
    LEASED 02/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,900
    • $1.54
    •  
  • 14857 Cedarsprings Drive Whittier, CA 2
    • 4 beds 1 baths ∙ 1,679 Sqft ∙ Built 1951 4 beds 1 baths ∙ 1,679 Sqft ∙ Built 1951
    property image
    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
    property image
    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
    property image
    LEASED 11/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,400
    • $1.82
    •  
PROPERTY LISTING DETAILS
Dolores Armienta
Coldwell Banker Alliance
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: PW21029388
Last Updated: 02/12/2021
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