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15373 Goodhue Street Whittier, CA 90604

4 Beds 3 Baths 2,169 sqft Built 1955

$699,000

List Price

$3,410

$3.2K - $3.7K

Rent Est.

PROPERTY INFO

November 21, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1955
  • Price/Sqft : $322.27
  • 3 Days on Market
  • MLS # : DW20243749
  • Updated Date : 11/21/2020 at 11:22
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,169 sqft
  • Baths : 3 full
Listing Agent

Royalty Realty Investments

Listing Agent's Description

Stop by and see your new home! This 4 bedroom 3 bathroom home is perfect for a growing family. Its located in a very desirable area of Whittier and is only a 5 minute drive from Whittwood Town Center. Property has been recently renovated and has new carpet in bedrooms, new flooring throughout the home and freshly painted inside and out, all it needs is your personal touch. Kitchen has plenty of cabinetry and beautiful Quartz countertops. The kitchen's island extends to the living room which makes for perfect entertaining. The living room has a fireplace and nice sliding doors to the backyard. Sitting on a large lot, this property is great for entertaining. There is plenty of room in the backyard for outdoor fire pit and sitting area. This home also has plenty of parking--including RV parking.

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
 

$629,100$768,900$699,000

PURCHASE PRICE

$3,069$3,751$3,410

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,410
EXPENSES Loan Payment -$2,579
Property Tax -$733
Property Insurance -$79
Property Management Fees -$167
CASH FLOW
-$149

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.

$699,000

PROJECTED PRICE

$3,410

PROJECTED RENT

0.49%

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$30k

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$190,985

INVESTMENT

$190,985

Down Payment
$174,750
Rehab Estimate
$5,750
Closing Costs
$10,485

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,579

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $174,750
Loan Amount $524,250
See What Happens When You Reinvest Cash Flow

5.58

YEARS SAVED

$50,624

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,410

    LIST RENT
  • $1.57

    LIST RENT PER SQFT
  • $3,720

    COMP ESTIMATED VALUE
  • $1.72

    COMP AVG. RENT PER SQFT
Comps Range
$2,945
1$2,9452$3,4003$3,4104$3,5005$4,200
$4,200
RENT COMPS ANALYSIS
  • 15373 Goodhue Street Whittier, CA 3
    • 4 beds 3 baths ∙ 2,169 Sqft ∙ Built 1955 4 beds 3 baths ∙ 2,169 Sqft ∙ Built 1955
    • Rent
    • Rent Per SQFT
    •  
    • $3,410
    • $1.57
    •  
  • 12602 Burgess Avenue La Mirada, CA 1
    • 3 beds 2 baths ∙ 1,863 Sqft ∙ Built 1958 3 beds 2 baths ∙ 1,863 Sqft ∙ Built 1958
    LEASED 07/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,945
    • $1.58
    •  
  • 15208 Cullen Street Whittier, CA 2
    • 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
    •  
  • 15008 Chalco Street La Mirada, CA 4
    • 5 beds 3 baths ∙ 2,017 Sqft ∙ Built 1958 5 beds 3 baths ∙ 2,017 Sqft ∙ Built 1958
    LEASED 07/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,500
    • $1.74
    •  
  • 9636 La Cima Drive Whittier, CA 5
    • 4 beds 3 baths ∙ 2,441 Sqft ∙ Built 1953 4 beds 3 baths ∙ 2,441 Sqft ∙ Built 1953
    LEASED 03/25/20
    • Rent
    • Rent Per SQFT
    •  
    • $4,200
    • $1.72
    •  
PROPERTY LISTING DETAILS
Luis Aguiar
Royalty Realty Investments
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: DW20243749
Last Updated: 11/21/2020
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