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16316 Lawnwood Street La Puente, CA 91744

3 Beds 2 Baths 1,738 sqft Built 1955

$695,000

List Price

$2,840

$2.6K - $3.1K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
July 12, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1955
  • Price/Sqft : $399.88
  • 2 Days on Market
  • MLS # : AR21148347
  • Updated Date : 07/12/2021 at 12:31
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,738 sqft
  • Baths : 2 full
Listing Agent

Century 21 Cristal Cellar

Listing Agent's Description

Bright, modern, and ready for you to move in, this La Puente abode is a must-see for everyone! Step into the open layout where beautiful wood floors are complemented by a neutral color palette and recessed lighting that flows above. Put your culinary skills to the test in the ultra-modern and stylish custom-built kitchen highlighted by stainless steel appliances, all-white cabinetry, quartz counters, self-closing cabinets and drawers, as well as an island with a breakfast bar. There are three bedrooms to choose from to unwind in, and plenty of room to organize your clothes in the vast walk-in closet. An expansive patio is paired with a shimmering pool in your fenced-in backyard that is ideal for entertaining guests on warm summer days. Additional features include a laundry room, newer roof, energy star windows, tons of upgrades, and conveniently located close to parks, golf courses, shops, and restaurants. Plus, you aren’t far from the I-10 for easy commuting to Los Angeles or Ontario. Let your homeownership dreams come true and tour this home before it slips away!

SEE MORE

MARKET HIGHLIGHTS

  • As part of Southern California area, Los Angeles market inherits all the benefits from the area.
  • Southern California's economy is worth $1.58 trillion in Gross Metro Product and projected to grow to $1.67 trillion (USMayors.org, 2018)
  • 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 has 58.7% labor force participation rate; within this area, Los Angeles metro has 62.3% labor force participation rate (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)
  • 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]

PRICE & RENT TRENDS

Neighborhood: Valinda

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450k500k550k600kPrice in $149k622k

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

Neighborhood: Valinda

NeighborhoodNIR Market*CityMarket2010Year2000 Q42019 Q214001600180020002200240026002800Rent in $13962941

* 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
Wing Lane Elementary School Primary Regular 317 13 4
William Workman High School High Regular 1,165 50 5

Wing Lane Elementary School

  • Education Level: Primary
  • # of students: 317
  • # of teachers: 13
4
GreatSchools Rating

William Workman High School

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

$625,500$764,500$695,000

PURCHASE PRICE

$2,556$3,124$2,840

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,840
EXPENSES Loan Payment -$2,414
Property Tax -$739
Property Insurance -$69
Property Management Fees -$139
CASH FLOW
-$521

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.

$695,000

PROJECTED PRICE

$2,840

PROJECTED RENT

0.41%

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-$10k-$5.0k$0.0$5.0k$10k$15k$20k

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$189,925

INVESTMENT

$189,925

Down Payment
$173,750
Rehab Estimate
$5,750
Closing Costs
$10,425

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 60% down payment or higher enables the proceeds from the asset to cover all costs.

$2,414

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $173,750
Loan Amount $521,250
See What Happens When You Reinvest Cash Flow

2.42

YEARS SAVED

$12,009

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,840

    LIST RENT
  • $1.63

    LIST RENT PER SQFT
  • $2,881

    COMP ESTIMATED VALUE
  • $1.66

    COMP AVG. RENT PER SQFT
Comps Range
$2,600
1$2,6002$2,6003$2,8004$2,8405$2,900
$2,900
RENT COMPS ANALYSIS
  • 16316 Lawnwood Street La Puente, CA 4
    • 3 beds 2 baths ∙ 1,738 Sqft ∙ Built 1955 3 beds 2 baths ∙ 1,738 Sqft ∙ Built 1955
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,840
    • $1.63
    •  
  • 16702 Holton St La Puente, CA 1
    • 4 beds 2 baths ∙ 1,550 Sqft ∙ Built 1953 4 beds 2 baths ∙ 1,550 Sqft ∙ Built 1953
    property image
    LEASED 01/25/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,600
    • $1.68
    •  
  • 15749 Lawnwood Street La Puente, CA 2
    • 4 beds 2 baths ∙ 1,575 Sqft ∙ Built 1954 4 beds 2 baths ∙ 1,575 Sqft ∙ Built 1954
    property image
    LEASED 08/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,600
    • $1.65
    •  
  • 16522 Mulvane Street La Puente, CA 3
    • 4 beds 2 baths ∙ 1,725 Sqft ∙ Built 1961 4 beds 2 baths ∙ 1,725 Sqft ∙ Built 1961
    property image
    LEASED 06/21/21
    • Rent
    • Rent Per SQFT
    •  
    • $2,800
    • $1.62
    •  
  • 1110 S Susanna Avenue West Covina, CA 5
    • 3 beds 2 baths ∙ 1,731 Sqft ∙ Built 1955 3 beds 2 baths ∙ 1,731 Sqft ∙ Built 1955
    property image
    LEASED 07/29/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,900
    • $1.68
    •  
PROPERTY LISTING DETAILS
Oriana Rocha
Century 21 Cristal Cellar
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: AR21148347
Last Updated: 07/12/2021
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