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16346 Lawnwood Street La Puente, CA 91744

3 Beds 2 Baths 1,300 sqft Built 1955

$569,000

List Price

$2,200

$2K - $2.4K

Rent Est.

PROPERTY INFO

February 11, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1955
  • Price/Sqft : $437.69
  • 4 Days on Market
  • MLS # : CV21028946
  • Updated Date : 02/12/2021 at 20:44
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,300 sqft
  • Baths : 2 full
Listing Agent

Re/max Innovations

Listing Agent's Description

Ready to move-in, this nicely updated one story home in La Puente is ready to greet you! Nice curb appeal, with a bright and open floor plan, upgraded kitchen and recently upgraded bathrooms, double pane windows, tile and laminate flooring. Very Functional 3 bedroom, 2 bath home on generous lot with many sought after features. The kitchen is bright and airy with granite counter tops and stainless steel appliances. Wide concrete driveway for multiple car off street parking. 2 car attached garage with private back yard. Great for home entertaining!. Dual glazed vinyl windows and sliding door to the large backyard and patio. Central air conditioning and heat. The electrical panel was upgraded to 200Amps and all kitchen outlets are on a separate line. The garage has an EV charger with 240V 40 amp service. All electrical upgrades are permitted. Fireplace. Ready for all of your own personal decorating touches. This property is conveniently located near freeways, shopping centers and schools, only minutes to I-10, I-60, I-605 freeways.

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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: Valinda

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450k500k550k600kPrice in $143k622k

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

Neighborhood: Valinda

NeighborhoodNIR Market*CityMarket2010Year2000 Q42019 Q214001600180020002200240026002800Rent in $13252941

* 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
 

$512,100$625,900$569,000

PURCHASE PRICE

$1,980$2,420$2,200

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,200
EXPENSES Loan Payment -$1,976
Property Tax -$605
Property Insurance -$59
Property Management Fees -$108
CASH FLOW
-$547

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.

$569,000

PROJECTED PRICE

$2,200

PROJECTED RENT

0.39%

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$200k$400k$600k$800k$1.0M$1.2M$1.4M$1.6M$1.8M

PROJECTED ANNUAL CASH FLOW

11530-$10k-$5.0k$0.0$5.0k$10k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M$1.6M$1.8M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$156,535

INVESTMENT

$156,535

Down Payment
$142,250
Rehab Estimate
$5,750
Closing Costs
$8,535

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,976

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $142,250
Loan Amount $426,750
See What Happens When You Reinvest Cash Flow

1.5

YEARS SAVED

$4,395

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,200

    LIST RENT
  • $1.69

    LIST RENT PER SQFT
  • $2,217

    COMP ESTIMATED VALUE
  • $1.71

    COMP AVG. RENT PER SQFT
Comps Range
$2,000
1$2,0002$2,2003$2,3004$2,4505$2,600
$2,600
RENT COMPS ANALYSIS
  • 16346 Lawnwood Street La Puente, CA 2
    • 3 beds 2 baths ∙ 1,300 Sqft ∙ Built 1955 3 beds 2 baths ∙ 1,300 Sqft ∙ Built 1955
    • Rent
    • Rent Per SQFT
    •  
    • $2,200
    • $1.69
    •  
  • 1310 Peppertree Circle West Covina, CA 1
    • 3 beds 2 baths ∙ 1,152 Sqft ∙ Built 1972 3 beds 2 baths ∙ 1,152 Sqft ∙ Built 1972
    LEASED 09/23/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,000
    • $1.74
    •  
  • 621 Ocala Avenue La Puente, CA 3
    • 3 beds 2 baths ∙ 1,350 Sqft ∙ Built 1959 3 beds 2 baths ∙ 1,350 Sqft ∙ Built 1959
    LEASED 02/13/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,300
    • $1.70
    •  
  • 412 Rimgrove Drive La Puente, CA 4
    • 4 beds 2 baths ∙ 1,420 Sqft ∙ Built 1956 4 beds 2 baths ∙ 1,420 Sqft ∙ Built 1956
    LEASED 12/15/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,450
    • $1.73
    •  
  • 15749 Lawnwood Street La Puente, CA 5
    • 4 beds 2 baths ∙ 1,575 Sqft ∙ Built 1954 4 beds 2 baths ∙ 1,575 Sqft ∙ Built 1954
    LEASED 08/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,600
    • $1.65
    •  
PROPERTY LISTING DETAILS
Sandar West
Re/max Innovations
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: CV21028946
Last Updated: 02/12/2021
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