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16338 Santa Bianca Drive Hacienda Heights, CA 91745

4 Beds 2 Baths 1,883 sqft Built 1968

$750,000

List Price

$2,880

$2.6K - $3.1K

Rent Est.

PROPERTY INFO

FACTS
  • Single Family
  • Built In 1968
  • Price/Sqft : $398.30
  • 9 Days on Market
  • MLS # : OC21018330
  • Updated Date : 02/12/2021 at 11:09
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,883 sqft
  • Baths : 2 full
Listing Agent

Keller Williams Realty- Yl/ Ah

Listing Agent's Description

This corner lot home is located in one of the most desirable neighborhoods in Hacienda Heights. The Expansive Tiled Walkway leading to a Covered Porch welcomes you in and offers stunning Views from the Front, Side and Backyards. Inside you will find Original Hardwood Floors plus a Formal Living Room with a Fireplace. The Separate Family Room/Great Room has Soaring Ceilings and a Double Door Vinyl Slider leading to the Backyard. The Kitchen Island and Counters have been upgraded with Granite and the Sink looks out over the Backyard and the Hills beyond. The Formal Dining Room completes the public space. The Private Space provides 4 Bedrooms and 2 Baths. The Master Bedroom has a Large Walk-in Closet plus a Walk-in Shower. The remaining Bedrooms are all Good Sized. The 2 Car Garage has plenty of added Storage and a Ladder to the Attic that has been finished to add even more Storage Space. This home has been well maintained and remains in mostly original condition giving you the opportunity to update and upgrade it into a Showplace!!

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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

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
Glen A. Wilson High School High Regular 1,616 64 9

Glen A. Wilson High School

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

$675,000$825,000$750,000

PURCHASE PRICE

$2,592$3,168$2,880

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,880
EXPENSES Loan Payment -$2,605
Property Tax -$778
Property Insurance -$73
Property Management Fees -$141
CASH FLOW
-$716

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.

$750,000

PROJECTED PRICE

$2,880

PROJECTED RENT

0.38%

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$204,500

INVESTMENT

$204,500

Down Payment
$187,500
Rehab Estimate
$5,750
Closing Costs
$11,250

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,605

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $187,500
Loan Amount $562,500
See What Happens When You Reinvest Cash Flow

1.5

YEARS SAVED

$6,182

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,880

    LIST RENT
  • $1.53

    LIST RENT PER SQFT
  • $2,872

    COMP ESTIMATED VALUE
  • $1.53

    COMP AVG. RENT PER SQFT
Comps Range
$2,700
1$2,7002$2,8003$2,8804$3,0005$3,300
$3,300
RENT COMPS ANALYSIS
  • 16338 Santa Bianca Drive Hacienda Heights, CA 3
    • 4 beds 2 baths ∙ 1,883 Sqft ∙ Built 1968 4 beds 2 baths ∙ 1,883 Sqft ∙ Built 1968
    • Rent
    • Rent Per SQFT
    •  
    • $2,880
    • $1.53
    •  
  • 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
    •  
  • 16550 Circle Hill Lane Hacienda Heights, CA 2
    • 4 beds 2 baths ∙ 1,901 Sqft ∙ Built 1975 4 beds 2 baths ∙ 1,901 Sqft ∙ Built 1975
    LEASED 09/27/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,800
    • $1.47
    •  
  • 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
Karyn Sontag
Keller Williams Realty- Yl/ Ah
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: OC21018330
Last Updated: 02/12/2021
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