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15643 Yermo Street Whittier, CA 90603

4 Beds 2 Baths 1,548 sqft Built 1956

$735,000

List Price

$2,800

$2.6K - $3.1K

Rent Est.

PROPERTY INFO

November 21, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1956
  • Price/Sqft : $474.81
  • 2 Days on Market
  • MLS # : PW20244666
  • Updated Date : 11/21/2020 at 14:59
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,548 sqft
  • Baths : 2 full
Listing Agent

Ambassador Re, Inc.

Listing Agent's Description

Perfect opportunity to own a home in the one the most desirable areas of Whittier. Located in close proximity of Whittwood Mall, schools, shopping, parks, and much more. This home is within close proximity to some of the best schools in Whittier. There are four bedrooms and two bathrooms, with laminate wood floors throughout. There is recessed lighting and plenty of open living space. Majestic fireplace located in the living room and stove in the bonus room. The kitchen features a decorated backsplash, built in television, wine fridge, wine rack, and pantry. Indoor laundry room and Stone counters and plenty of cabinet space. There is a two car attached garage with plenty of driveway parking. The outside large front and and back yard with plenty of space for gardening, BBQs, and entertaining. The air conditioner has been recently replaced and ready for those hot summers. This home is truly a must see to appreciate.

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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: 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
 

$661,500$808,500$735,000

PURCHASE PRICE

$2,520$3,080$2,800

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,800
EXPENSES Loan Payment -$2,712
Property Tax -$768
Property Insurance -$65
Property Management Fees -$137
CASH FLOW
-$882

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.

$735,000

PROJECTED PRICE

$2,800

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-$15k-$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$200,525

INVESTMENT

$200,525

Down Payment
$183,750
Rehab Estimate
$5,750
Closing Costs
$11,025

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,712

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $183,750
Loan Amount $551,250
See What Happens When You Reinvest Cash Flow

0.83

YEARS SAVED

$3,145

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,800

    LIST RENT
  • $1.81

    LIST RENT PER SQFT
  • $2,825

    COMP ESTIMATED VALUE
  • $1.83

    COMP AVG. RENT PER SQFT
Comps Range
$2,700
1$2,7002$2,8003$2,9004$2,9005$3,000
$3,000
RENT COMPS ANALYSIS
  • 15643 Yermo Street Whittier, CA 2
    • 4 beds 2 baths ∙ 1,548 Sqft ∙ Built 1956 4 beds 2 baths ∙ 1,548 Sqft ∙ Built 1956
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,800
    • $1.81
    •  
  • 15039 Goodhue Street Whittier, CA 1
    • 3 beds 1 baths ∙ 1,444 Sqft ∙ Built 1955 3 beds 1 baths ∙ 1,444 Sqft ∙ Built 1955
    property image
    LEASED 02/07/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,700
    • $1.87
    •  
  • 14857 Cedarsprings Drive Whittier, CA 3
    • 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
    •  
  • 10847 Lindesmith Avenue Whittier, CA 4
    • 3 beds 2 baths ∙ 1,653 Sqft ∙ Built 1955 3 beds 2 baths ∙ 1,653 Sqft ∙ Built 1955
    property image
    LEASED 11/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,900
    • $1.75
    •  
  • 10451 Portada Drive Whittier, CA 5
    • 4 beds 2 baths ∙ 1,538 Sqft ∙ Built 1955 4 beds 2 baths ∙ 1,538 Sqft ∙ Built 1955
    property image
    LEASED 03/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,000
    • $1.95
    •  
PROPERTY LISTING DETAILS
Francisco Amador
Ambassador Re, Inc.
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: PW20244666
Last Updated: 11/21/2020
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