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16510 Ellora Street La Puente, CA 91744

3 Beds 2 Baths 1,000 sqft Built 1956

$500,000

List Price

$1,880

$1.7K - $2.1K

Rent Est.

PROPERTY INFO

October 30, 2020 RECENTLY ADDED
FACTS
  • Built In 1956
  • Price/Sqft : $500.00
  • 7 Days on Market
  • MLS # : WS20226554
  • Updated Date : 11/01/2020 at 18:46
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,000 sqft
  • Baths : 2 full
Listing Agent

You And Home Realty Inc.

Listing Agent's Description

Awesome Cul De Sac Single Family Home Located in a friendly neighborhood area of La Puente! This home features 3 Bedroom and 2 Bath. Open floor plan and bright new kitchen allows for customization to your desires. Home Remodeled in 2019 and the seller put new fences and a backyard new concrete. New dual pane windows and luxury waterproof plank flooring provide a uniform look throughout the home. The interior and exterior have been painted. Lovely and spacious back yard is ready for your entertaining. Very convenient, Don't miss your chance. Must see to appreciate!

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: La Puente

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450k500k550k600kPrice in $141k622k

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

Neighborhood: La Puente

NeighborhoodNIR Market*CityMarket2010Year2000 Q42019 Q214001600180020002200240026002800Rent in $13152941

* 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
Workman Elementary School Primary Regular 420 17 4
Workman Elementary School Middle Regular 420 17 4
La Puente High School High Regular 1,403 54 6

Workman Elementary School

  • Education Level: Primary
  • # of students: 420
  • # of teachers: 17
4
GreatSchools Rating

Workman Elementary School

  • Education Level: Middle
  • # of students: 420
  • # of teachers: 17
4
GreatSchools Rating

La Puente High School

  • Education Level: High
  • # of students: 1,403
  • # of teachers: 54
6
GreatSchools Rating
 

$450,000$550,000$500,000

PURCHASE PRICE

$1,692$2,068$1,880

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,880
EXPENSES Loan Payment -$1,845
Property Tax -$548
Property Insurance -$51
Property Management Fees -$99
CASH FLOW
-$663

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.

$500,000

PROJECTED PRICE

$1,880

PROJECTED RENT

0.38%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.35%
Appreciation Year (1-5) 7.5%
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

PROJECTED ANNUAL CASH FLOW

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

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$138,250

INVESTMENT

$138,250

Down Payment
$125,000
Rehab Estimate
$5,750
Closing Costs
$7,500

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,845

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $125,000
Loan Amount $375,000
See What Happens When You Reinvest Cash Flow

0.5

YEARS SAVED

$994

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,880

    LIST RENT
  • $1.88

    LIST RENT PER SQFT
  • $1,893

    COMP ESTIMATED VALUE
  • $1.89

    COMP AVG. RENT PER SQFT
Comps Range
$1,880
1$1,8802$2,2003$2,2504$2,3505$2,400
$2,400
RENT COMPS ANALYSIS
  • 16510 Ellora Street La Puente, CA 1
    • 3 beds 2 baths ∙ 1,000 Sqft ∙ Built 1956 3 beds 2 baths ∙ 1,000 Sqft ∙ Built 1956
    • Rent
    • Rent Per SQFT
    •  
    • $1,880
    • $1.88
    •  
  • 16622 Gumbiner Drive La Puente, CA 2
    • 3 beds 2 baths ∙ 1,141 Sqft ∙ Built 1957 3 beds 2 baths ∙ 1,141 Sqft ∙ Built 1957
    LEASED 09/25/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,200
    • $1.93
    •  
  • 16409 Main Street La Puente, CA 3
    • 3 beds 2 baths ∙ 1,200 Sqft ∙ Built 1973 3 beds 2 baths ∙ 1,200 Sqft ∙ Built 1973
    LEASED 12/12/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,250
    • $1.88
    •  
  • 16117 Hollis Street Hacienda Heights, CA 4
    • 4 beds 2 baths ∙ 1,242 Sqft ∙ Built 1955 4 beds 2 baths ∙ 1,242 Sqft ∙ Built 1955
    LEASED 09/03/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,350
    • $1.89
    •  
  • 16365 Main Street La Puente, CA 5
    • 3 beds 2 baths ∙ 1,286 Sqft ∙ Built 1973 3 beds 2 baths ∙ 1,286 Sqft ∙ Built 1973
    LEASED 03/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,400
    • $1.87
    •  
PROPERTY LISTING DETAILS
Ben Rudy Santoso
You And Home Realty Inc.
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: WS20226554
Last Updated: 11/01/2020
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