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15344 La Salos Drive Whittier, CA 90603

4 Beds 2 Baths 1,620 sqft Built 1954

$715,000

List Price

$2,740

$2.5K - $3K

Rent Est.

PROPERTY INFO

February 11, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1954
  • Price/Sqft : $441.36
  • 4 Days on Market
  • MLS # : PW21029075
  • Updated Date : 02/11/2021 at 14:09
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,620 sqft
  • Baths : 2 full
Listing Agent

Purunjian Inc.

Listing Agent's Description

Welcome to this Charming Whittier home with great curb appeal. Located near all the local restaurants and all the amazing shops the city has to offer. This home has 4 good size bedrooms with 2 bathrooms. The features include a lovely front porch to enjoy your morning coffee, hardwood floors throughout, gorgeous vaulted beamed ceilings in the step down family room, a beautiful floor to ceiling brick fireplace, a ton of windows to give it a lot of light throughout the home. Beautiful french doors leading out to the back yard and detached 2 car garage. The Driveway is very long and suitable for RV parking with a newer vinyl fence for privacy. This home will not last...

SEE MORE

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
Leffingwell Elementary School Primary Regular 652 25 10
Granada Middle School Middle Regular 1,087 41 8
La Serna High School High Regular 2,940 100 9

Leffingwell Elementary School

  • Education Level: Primary
  • # of students: 652
  • # of teachers: 25
10
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
 

$643,500$786,500$715,000

PURCHASE PRICE

$2,466$3,014$2,740

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,740
EXPENSES Loan Payment -$2,483
Property Tax -$763
Property Insurance -$66
Property Management Fees -$134
CASH FLOW
-$707

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.

$715,000

PROJECTED PRICE

$2,740

PROJECTED RENT

0.38%

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

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$195,225

INVESTMENT

$195,225

Down Payment
$178,750
Rehab Estimate
$5,750
Closing Costs
$10,725

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,483

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $178,750
Loan Amount $536,250
See What Happens When You Reinvest Cash Flow

1.42

YEARS SAVED

$5,169

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,740

    LIST RENT
  • $1.69

    LIST RENT PER SQFT
  • $2,851

    COMP ESTIMATED VALUE
  • $1.76

    COMP AVG. RENT PER SQFT
Comps Range
$2,740
1$2,7402$2,8003$2,9004$2,9005$3,000
$3,000
RENT COMPS ANALYSIS
  • 15344 La Salos Drive Whittier, CA 1
    • 4 beds 2 baths ∙ 1,620 Sqft ∙ Built 1954 4 beds 2 baths ∙ 1,620 Sqft ∙ Built 1954
    • Rent
    • Rent Per SQFT
    •  
    • $2,740
    • $1.69
    •  
  • 10518 Nashville Avenue Whittier, CA 2
    • 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 3
    • 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 4
    • 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
    •  
  • 10451 Portada Drive Whittier, CA 5
    • 4 beds 2 baths ∙ 1,538 Sqft ∙ Built 1955 4 beds 2 baths ∙ 1,538 Sqft ∙ Built 1955
    LEASED 03/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,000
    • $1.95
    •  
PROPERTY LISTING DETAILS
Paul Purunjian
Purunjian Inc.
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: PW21029075
Last Updated: 02/11/2021
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