Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more

15918 Kennard Street Hacienda Heights, CA 91745

4 Beds 2 Baths 1,465 sqft Built 1960

$610,000

List Price

$2,400

$2.2K - $2.6K

Rent Est.

PROPERTY INFO

FACTS
  • Built In 1960
  • Price/Sqft : $416.38
  • 9 Days on Market
  • MLS # : OC20226439
  • Updated Date : 10/26/2020 at 21:19
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,465 sqft
  • Baths : 2 full
Listing Agent

Coldwell Banker Platinum Prop

Listing Agent's Description

Welcome to your new home! This 4 bedroom/ 2 bath single story is located in a peaceful cul-da-sac in the heart of Hacienda Heights. The interior includes an updated kitchen as well as updated bathrooms. The AC, Furnace and HVAC are practically new. This home also features a spacious backyard that includes a patio as well as blossoming fruit trees; Apricot, Lemon and Grapefruit. There is lots of potential to make this home all your own and grow your family. Within a mile you will find a variety of restaurants, shopping, Mesa Robles School, parks and easy access to the 60.

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: Hacienda Heights

NeighborhoodNIR Market*CityMarket2010Year20002019200k250k300k350k400k450k500k550k600k650k700k750k800k850kPrice in $199k856k

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

Neighborhood: Hacienda Heights

NeighborhoodNIR Market*CityMarket2010Year2000 Q42019 Q216001800200022002400260028003000320034003600Rent in $15593697

* 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
Mesa Robles School Primary Regular 1,080 42 9
Mesa Robles School Middle Regular 1,080 42 9
Glen A. Wilson High School High Regular 1,616 64 9

Mesa Robles School

  • Education Level: Primary
  • # of students: 1,080
  • # of teachers: 42
9
GreatSchools Rating

Mesa Robles School

  • Education Level: Middle
  • # of students: 1,080
  • # of teachers: 42
9
GreatSchools Rating

Glen A. Wilson High School

  • Education Level: High
  • # of students: 1,616
  • # of teachers: 64
9
GreatSchools Rating
 

$549,000$671,000$610,000

PURCHASE PRICE

$2,160$2,640$2,400

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,400
EXPENSES Loan Payment -$2,251
Property Tax -$641
Property Insurance -$63
Property Management Fees -$118
CASH FLOW
-$671

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.

$610,000

PROJECTED PRICE

$2,400

PROJECTED RENT

0.39%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.56%
Appreciation Year (1-5) 5.1%
Maintenance Year (1-5) 8.00%
Vacancy 5.05%
Length of Stay Years 2

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M$1.6M

PROJECTED ANNUAL CASH FLOW

11530-$10k-$5.0k$0.0$5.0k$10k

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$167,400

INVESTMENT

$167,400

Down Payment
$152,500
Rehab Estimate
$5,750
Closing Costs
$9,150

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,251

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $152,500
Loan Amount $457,500
See What Happens When You Reinvest Cash Flow

1.25

YEARS SAVED

$4,127

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,400

    LIST RENT
  • $1.64

    LIST RENT PER SQFT
  • $2,593

    COMP ESTIMATED VALUE
  • $1.77

    COMP AVG. RENT PER SQFT
Comps Range
$2,400
1$2,4002$2,6503$2,6504$2,8005$2,900
$2,900
RENT COMPS ANALYSIS
  • 15918 Kennard Street Hacienda Heights, CA 1
    • 4 beds 2 baths ∙ 1,465 Sqft ∙ Built 1960 4 beds 2 baths ∙ 1,465 Sqft ∙ Built 1960
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,400
    • $1.64
    •  
  • 1926 Kellerton Drive La Puente, CA 2
    • 3 beds 2 baths ∙ 1,600 Sqft ∙ Built 1955 3 beds 2 baths ∙ 1,600 Sqft ∙ Built 1955
    property image
    LEASED 09/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,650
    • $1.66
    •  
  • 16001 La Monde Street Hacienda Heights, CA 3
    • 3 beds 1 baths ∙ 1,429 Sqft ∙ Built 1968 3 beds 1 baths ∙ 1,429 Sqft ∙ Built 1968
    property image
    LEASED 09/21/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,650
    • $1.85
    •  
  • 1920 Olympus Avenue Hacienda Heights, CA 4
    • 4 beds 2 baths ∙ 1,554 Sqft ∙ Built 1956 4 beds 2 baths ∙ 1,554 Sqft ∙ Built 1956
    property image
    LEASED 02/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,800
    • $1.80
    •  
  • 1946 Deerpeak Drive Hacienda Heights, CA 5
    • 3 beds 2 baths ∙ 1,637 Sqft ∙ Built 1977 3 beds 2 baths ∙ 1,637 Sqft ∙ Built 1977
    property image
    LEASED 07/31/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,900
    • $1.77
    •  
PROPERTY LISTING DETAILS
Samantha Buckwalter
Coldwell Banker Platinum Prop
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: OC20226439
Last Updated: 10/26/2020
BESbswy