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16238 Bluebonnet Street La Puente, CA 91744

4 Beds 2 Baths 1,176 sqft Built 1956

$609,777

List Price

$2,260

$2K - $2.5K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
February 19, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1956
  • Price/Sqft : $518.52
  • 3 Days on Market
  • MLS # : IV21034815
  • Updated Date : 02/19/2021 at 09:43
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,176 sqft
  • Baths : 2 full
Listing Agent

Monaco Realty

Listing Agent's Description

PHOTOS COMING SOON. Seller will reply within 48 hrs. Enjoy this newly remodeled 4 bedrooms 2 baths HOME of your DREAMS. This Beautifully Quiet Neighborhood Home with all new upgrades any homeowner would LOVE!!! Starting with a MASSIVE NEW Kitchen and dinning area with its new cabinets and countertops along with beautiful open space anyone would love. This home also has a HUGE living room area and a enclosed patio not included in the square footage, Enjoy its Central heating system, Newer dual pane energy efficient windows, New Exterior paint, New Interior paint, New upgraded carpets, Newer laminate flooring, Newly remodeled bathrooms, New recessed lighting, New light fixtures, New plumbing fixtures. This comes along with its HUGE sized backyard perfect for entertaining your guests with BRAND NEW POOL and POOL EQUIPMENT. NEW ROOF was also installed, This home has so much to offer for any size of a family looking to find a beautiful home in an amazing location in the city of La Puente. View this beautiful house today & speak with a representative to make this house the home of your dreams today!

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • 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)
  • 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]
  • Southern California area contributes to 55.3% of California state economy i.e. Gross State Product (USMayors.org, 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)

PRICE & RENT TRENDS

Neighborhood: La Puente

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450k500k550k600kPrice in $141k622k

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

Neighborhood: La Puente

NeighborhoodNIR Market*CityMarket2010Year2000 Q42019 Q214001600180020002200240026002800Rent in $13152941

* 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
Sierra Vista Middle School Middle Regular 310 15 3
La Puente High School High Regular 1,403 54 6

Sierra Vista Middle School

  • Education Level: Middle
  • # of students: 310
  • # of teachers: 15
3
GreatSchools Rating

La Puente High School

  • Education Level: High
  • # of students: 1,403
  • # of teachers: 54
6
GreatSchools Rating
 

$548,799$670,755$609,777

PURCHASE PRICE

$2,034$2,486$2,260

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,260
EXPENSES Loan Payment -$2,118
Property Tax -$651
Property Insurance -$56
Property Management Fees -$111
CASH FLOW
-$675

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.

$609,777

PROJECTED PRICE

$2,260

PROJECTED RENT

0.37%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.35%
Appreciation Year (1-5) 7.5%
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$200k$400k$600k$800k$1.0M$1.2M$1.4M$1.6M$1.8M

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$1.8M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$167,341

INVESTMENT

$167,341

Down Payment
$152,444
Rehab Estimate
$5,750
Closing Costs
$9,147

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,118

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $152,444
Loan Amount $457,333
See What Happens When You Reinvest Cash Flow

1

YEARS SAVED

$2,378

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,260

    LIST RENT
  • $1.92

    LIST RENT PER SQFT
  • $2,208

    COMP ESTIMATED VALUE
  • $1.88

    COMP AVG. RENT PER SQFT
Comps Range
$1,850
1$1,8502$2,2503$2,2604$2,3505$2,400
$2,400
RENT COMPS ANALYSIS
  • 16238 Bluebonnet Street La Puente, CA 3
    • 4 beds 2 baths ∙ 1,176 Sqft ∙ Built 1956 4 beds 2 baths ∙ 1,176 Sqft ∙ Built 1956
    • Rent
    • Rent Per SQFT
    •  
    • $2,260
    • $1.92
    •  
  • 15716 Lujon Street Hacienda Heights, CA 1
    • 3 beds 1 baths ∙ 988 Sqft ∙ Built 1957 3 beds 1 baths ∙ 988 Sqft ∙ Built 1957
    LEASED 05/21/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,850
    • $1.87
    •  
  • 16409 Main Street La Puente, CA 2
    • 3 beds 2 baths ∙ 1,200 Sqft ∙ Built 1973 3 beds 2 baths ∙ 1,200 Sqft ∙ Built 1973
    LEASED 12/12/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,250
    • $1.88
    •  
  • 16117 Hollis Street Hacienda Heights, CA 4
    • 4 beds 2 baths ∙ 1,242 Sqft ∙ Built 1955 4 beds 2 baths ∙ 1,242 Sqft ∙ Built 1955
    LEASED 09/03/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,350
    • $1.89
    •  
  • 16365 Main Street La Puente, CA 5
    • 3 beds 2 baths ∙ 1,286 Sqft ∙ Built 1973 3 beds 2 baths ∙ 1,286 Sqft ∙ Built 1973
    LEASED 03/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,400
    • $1.87
    •  
PROPERTY LISTING DETAILS
Manuel Badiola
Monaco Realty
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: IV21034815
Last Updated: 02/19/2021
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