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1568 N Hacienda La Puente, CA 91744

3 Beds 2 Baths 1,738 sqft Built 1956

$579,900

List Price

$2,650

$2.4K - $2.9K

Rent Est.

PROPERTY INFO

FACTS
  • Built In 1956
  • Price/Sqft : $333.66
  • 9 Days on Market
  • MLS # : MB20225817
  • Updated Date : 10/27/2020 at 13:11
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,738 sqft
  • Baths : 2 full
Listing Agent

Excellence Re Real Estate

Listing Agent's Description

Beautiful single story family home of 3 bedrooms and 2 bathrooms. This property has a fully remodeled kitchen with an open floor plan, perfect for family gatherings. The backyard is great for entertainment; whether it being for winter nights around the fire pit or warm summer days under the covered patio section. Conveniently located near schools, shopping centers, and parks. Definitely a MUST SEE!

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: Valinda

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450k500k550k600kPrice in $143k622k

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

Neighborhood: Valinda

NeighborhoodNIR Market*CityMarket2010Year2000 Q42019 Q214001600180020002200240026002800Rent in $13252941

* 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
Baldwin Academy Primary Regular 721 27 6
Baldwin Academy Middle Regular 721 27 6
William Workman High School High Regular 1,165 50 5

Baldwin Academy

  • Education Level: Primary
  • # of students: 721
  • # of teachers: 27
6
GreatSchools Rating

Baldwin Academy

  • Education Level: Middle
  • # of students: 721
  • # of teachers: 27
6
GreatSchools Rating

William Workman High School

  • Education Level: High
  • # of students: 1,165
  • # of teachers: 50
5
GreatSchools Rating
 

$521,910$637,890$579,900

PURCHASE PRICE

$2,385$2,915$2,650

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,650
EXPENSES Loan Payment -$2,140
Property Tax -$616
Property Insurance -$69
Property Management Fees -$130
CASH FLOW
-$305

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.

$579,900

PROJECTED PRICE

$2,650

PROJECTED RENT

0.46%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.35%
Appreciation Year (1-5) 8.4%
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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M$1.6M$1.8M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$159,424

INVESTMENT

$159,424

Down Payment
$144,975
Rehab Estimate
$5,750
Closing Costs
$8,699

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 55% down payment or higher enables the proceeds from the asset to cover all costs.

$2,140

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $144,975
Loan Amount $434,925
See What Happens When You Reinvest Cash Flow

3.67

YEARS SAVED

$23,818

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,650

    LIST RENT
  • $1.52

    LIST RENT PER SQFT
  • $2,694

    COMP ESTIMATED VALUE
  • $1.55

    COMP AVG. RENT PER SQFT
Comps Range
$2,450
1$2,4502$2,5003$2,6004$2,6505$2,700
$2,700
RENT COMPS ANALYSIS
  • 1568 N Hacienda La Puente, CA 4
    • 3 beds 2 baths ∙ 1,738 Sqft ∙ Built 1956 3 beds 2 baths ∙ 1,738 Sqft ∙ Built 1956
    • Rent
    • Rent Per SQFT
    •  
    • $2,650
    • $1.52
    •  
  • 1424 S Pricedale Avenue West Covina, CA 1
    • 4 beds 2 baths ∙ 1,578 Sqft ∙ Built 1960 4 beds 2 baths ∙ 1,578 Sqft ∙ Built 1960
    LEASED 10/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,450
    • $1.55
    •  
  • 16219 Blackwood Street La Puente, CA 2
    • 3 beds 2 baths ∙ 1,667 Sqft ∙ Built 1957 3 beds 2 baths ∙ 1,667 Sqft ∙ Built 1957
    LEASED 06/29/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $1.50
    •  
  • 15749 Lawnwood Street La Puente, CA 3
    • 4 beds 2 baths ∙ 1,575 Sqft ∙ Built 1954 4 beds 2 baths ∙ 1,575 Sqft ∙ Built 1954
    LEASED 08/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,600
    • $1.65
    •  
  • 815 Greenberry Dr La Puente, CA 5
    • 4 beds 2 baths ∙ 1,806 Sqft ∙ Built 1960 4 beds 2 baths ∙ 1,806 Sqft ∙ Built 1960
    LEASED 12/26/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,700
    • $1.50
    •  
PROPERTY LISTING DETAILS
Alexziz Guerrero
Excellence Re Real Estate
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: MB20225817
Last Updated: 10/27/2020
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