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PROPERTY INFO
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.
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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
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Hacienda Heights
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
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
| 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
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$204,235
LOAN DETAILS
$2,602
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $187,250 |
| Loan Amount | $561,750 |
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
-
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
New Star Realty & Inv.
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
MLS #: TR21030599
Last Updated: 02/13/2021
