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16334 Red Coach Lane Whittier, CA 90604

3 Beds 1 Baths 1,963 sqft Built 1963

$799,000

List Price

$3,190

$2.9K - $3.4K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 18, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1963
  • Price/Sqft : $407.03
  • 7 Days on Market
  • MLS # : PW21054580
  • Updated Date : 03/20/2021 at 21:44
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,963 sqft
  • Baths : 1 full
Listing Agent

T.n.g. Real Estate Consultants

Listing Agent's Description

Whittier single story 3 bedroom 2 bathroom pool home is the one you have been waiting for! Meticulously maintained inside & out this light and bright property has been upgraded & updated inside & out with quality features. Offering 1,963 square feet, with spacious lot size of 7,244 sq. feet. Front double door entry leads you straight to a completely remodeled formal living/dining room & pristine kitchen, go left from double door entry to huge great room with wood beam high ceiling, floor to ceiling brick fire place, window seats in both front windows. Open floor-plan kitchen with large island, custom cabinets, granite counter top, stainless steel appliances, recess & pendant lighting & farm house sink. Flooring throughout 90% of house is vinyl water resistant plank flooring. Living room fireplace has stack stone face & custom mantel. Sliding door from living/dining area to private oasis backyard with sparkling gated pool, covered patio dining area, built in speakers, fan, lighting on dimmers, & hookups for 2 outdoor TV's. Other amenities include: master bedroom w/en-suite bath, double door from master suite to brick paved side yard, updated electrical & plumbing, remodeled guest bath, rain gutters, exterior lighting, driveway pavers, gated front yard w/artificial grass, roof and HVAC replaced in 2017. View 3D tour here: https://my.matterport.com/show/?m=dw56qieSvZH&mls=1

SEE MORE

MARKET HIGHLIGHTS

  • Southern California's economy is worth $1.58 trillion in Gross Metro Product and projected to grow to $1.67 trillion (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)
  • Southern California area contributes to 55.3% of California state economy i.e. Gross State Product (USMayors.org, 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)
  • 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)
  • 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 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)

PRICE & RENT TRENDS

Neighborhood: East la Mirada

NeighborhoodNIR Market*CityMarket2010Year20002019200k250k300k350k400k450k500k550k600kPrice in $178k622k

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

Neighborhood: East la Mirada

NeighborhoodNIR Market*CityMarket2010Year2000 Q42019 Q21600180020002200240026002800Rent in $14492941

* 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
Rancho-starbuck Intermediate School Middle Regular 774 28 8
La Habra High School High Magnet 2,230 73 7

Rancho-starbuck Intermediate School

  • Education Level: Middle
  • # of students: 774
  • # of teachers: 28
8
GreatSchools Rating

La Habra High School

  • Education Level: High
  • # of students: 2,230
  • # of teachers: 73
7
GreatSchools Rating
 

$719,100$878,900$799,000

PURCHASE PRICE

$2,871$3,509$3,190

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,190
EXPENSES Loan Payment -$2,775
Property Tax -$791
Property Insurance -$74
Property Management Fees -$156
CASH FLOW
-$607

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.

$799,000

PROJECTED PRICE

$3,190

PROJECTED RENT

0.40%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.48%
Appreciation Year (1-5) 5.8%
Maintenance Year (1-5) 8.00%
Vacancy 4.69%
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$217,485

INVESTMENT

$217,485

Down Payment
$199,750
Rehab Estimate
$5,750
Closing Costs
$11,985

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,775

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $199,750
Loan Amount $599,250
See What Happens When You Reinvest Cash Flow

2.33

YEARS SAVED

$13,773

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,190

    LIST RENT
  • $1.63

    LIST RENT PER SQFT
  • $3,494

    COMP ESTIMATED VALUE
  • $1.78

    COMP AVG. RENT PER SQFT
Comps Range
$2,900
1$2,9002$3,0003$3,0004$3,1905$3,650
$3,650
RENT COMPS ANALYSIS
  • 16334 Red Coach Lane Whittier, CA 4
    • 3 beds 1 baths ∙ 1,963 Sqft ∙ Built 1963 3 beds 1 baths ∙ 1,963 Sqft ∙ Built 1963
    • Rent
    • Rent Per SQFT
    •  
    • $3,190
    • $1.63
    •  
  • 10847 Lindesmith Avenue Whittier, CA 1
    • 3 beds 2 baths ∙ 1,653 Sqft ∙ Built 1955 3 beds 2 baths ∙ 1,653 Sqft ∙ Built 1955
    LEASED 11/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,900
    • $1.75
    •  
  • 15711 Formby Drive La Mirada, CA 2
    • 3 beds 2 baths ∙ 1,664 Sqft ∙ Built 1957 3 beds 2 baths ∙ 1,664 Sqft ∙ Built 1957
    LEASED 01/05/21
    • Rent
    • Rent Per SQFT
    •  
    • $3,000
    • $1.80
    •  
  • 430 Kinley Street La Habra, CA 3
    • 3 beds 1 baths ∙ 1,757 Sqft ∙ Built 1962 3 beds 1 baths ∙ 1,757 Sqft ∙ Built 1962
    LEASED 01/12/21
    • Rent
    • Rent Per SQFT
    •  
    • $3,000
    • $1.71
    •  
  • 1230 Spring Meadow Lane La Habra, CA 5
    • 4 beds 3 baths ∙ 1,960 Sqft ∙ Built 1964 4 beds 3 baths ∙ 1,960 Sqft ∙ Built 1964
    LEASED 10/18/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,650
    • $1.86
    •  
PROPERTY LISTING DETAILS
Lori Desantis
T.n.g. Real Estate Consultants
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: PW21054580
Last Updated: 03/20/2021
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