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16320 Ladysmith Street Hacienda Heights, CA 91745

3 Beds 2 Baths 1,834 sqft Built 1962

$749,000

List Price

$2,740

$2.5K - $3K

Rent Est.

PROPERTY INFO

February 14, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1962
  • Price/Sqft : $408.40
  • 2 Days on Market
  • MLS # : TR21030599
  • Updated Date : 02/13/2021 at 15:30
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,834 sqft
  • Baths : 2 full
Listing Agent

New Star Realty & Inv.

Listing Agent's Description

The gorgeous 3 bedrooms and 2 bathrooms single story home located in a private cul-de-sac. This property offers 1,834 square feet of living space with a 10,688 square feet lot. As you enter you are greeted with wooden flooring and recessed lighting in the living room. Modern kitchen with upgraded cabinets, quartz countertops, recessed lighting, pantry, and opening into the family room. This home also features spacious family, breakfast areas, and a formal dining room with bay windows & sliding doors to the courtyard. The dining room is great for entertaining, home office. or convert to a 2nd master suite. The huge master suite has a retreat area, romantic fireplace, mirrored closet door, sliding doors leading to the backyard, and a private master bath. Spacious 2 2nd bedrooms share the hallway bathroom. Fresh dual pane windows, central HVAC system, 2 car garage with direct interior access, fresh interior paint, and new sprinkle system. Your family and loved ones will enjoy the huge backyard with trees and privacy. Very close to all schools: Bixby ES, Cedarlane MS, Glen A Wilson HS.

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
Bixby Elementary School Primary Regular 303 13 5
Glen A. Wilson High School High Regular 1,616 64 9

Bixby Elementary School

  • Education Level: Primary
  • # of students: 303
  • # of teachers: 13
5
GreatSchools Rating

Glen A. Wilson High School

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

$674,100$823,900$749,000

PURCHASE PRICE

$2,466$3,014$2,740

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,740
EXPENSES Loan Payment -$2,602
Property Tax -$783
Property Insurance -$71
Property Management Fees -$134
CASH FLOW
-$850

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.

$749,000

PROJECTED PRICE

$2,740

PROJECTED RENT

0.37%

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$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$204,235

INVESTMENT

$204,235

Down Payment
$187,250
Rehab Estimate
$5,750
Closing Costs
$11,235

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,602

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $187,250
Loan Amount $561,750
See What Happens When You Reinvest Cash Flow

0.67

YEARS SAVED

$2,160

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,740

    LIST RENT
  • $1.49

    LIST RENT PER SQFT
  • $2,838

    COMP ESTIMATED VALUE
  • $1.55

    COMP AVG. RENT PER SQFT
Comps Range
$2,700
1$2,7002$2,7403$2,9004$3,0005$3,300
$3,300
RENT COMPS ANALYSIS
  • 16320 Ladysmith Street Hacienda Heights, CA 2
    • 3 beds 2 baths ∙ 1,834 Sqft ∙ Built 1962 3 beds 2 baths ∙ 1,834 Sqft ∙ Built 1962
    • Rent
    • Rent Per SQFT
    •  
    • $2,740
    • $1.49
    •  
  • 16336 Ladysmith Street Hacienda Heights, CA 1
    • 4 beds 2 baths ∙ 1,774 Sqft ∙ Built 1962 4 beds 2 baths ∙ 1,774 Sqft ∙ Built 1962
    LEASED 08/29/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,700
    • $1.52
    •  
  • 15921 Ladysmith Street Hacienda Heights, CA 3
    • 4 beds 2 baths ∙ 1,863 Sqft ∙ Built 1965 4 beds 2 baths ∙ 1,863 Sqft ∙ Built 1965
    LEASED 02/11/21
    • Rent
    • Rent Per SQFT
    •  
    • $2,900
    • $1.56
    •  
  • 1940 Delmesa Avenue Hacienda Heights, CA 4
    • 4 beds 2 baths ∙ 2,031 Sqft ∙ Built 1977 4 beds 2 baths ∙ 2,031 Sqft ∙ Built 1977
    LEASED 10/03/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,000
    • $1.48
    •  
  • 16537 Circle Hill Lane Hacienda Heights, CA 5
    • 4 beds 3 baths ∙ 2,020 Sqft ∙ Built 1975 4 beds 3 baths ∙ 2,020 Sqft ∙ Built 1975
    LEASED 02/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,300
    • $1.63
    •  
PROPERTY LISTING DETAILS
Anna Yang
New Star Realty & Inv.
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: TR21030599
Last Updated: 02/13/2021
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