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16907 Sausalito Drive Whittier, CA 90603

3 Beds 2 Baths 2,195 sqft Built 1956

$899,900

List Price

$3,280

$3K - $3.5K

Rent Est.

PROPERTY INFO

February 11, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1956
  • Price/Sqft : $409.98
  • 5 Days on Market
  • MLS # : PW21028199
  • Updated Date : 02/11/2021 at 07:37
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,195 sqft
  • Baths : 2 full
Listing Agent

Keller Williams Rlty Whittier

Listing Agent's Description

Fall in love with this ranch style pool home with spectacular 180° panoramic views of the ocean, city lights and Catalina Island. This 3 bedroom 2 bath home sits on a little hilltop and features a country-style kitchen with tile counters, hand-painted tile backsplash and a full bar area that overlooks the incredible views. Other amenities include; central air and heat, attached oversized two-car garage with workshop area, RV parking, and living room fireplace, breathtaking backyard with swimming pool, covered patio and views that stretch all the way to the ocean. Walking distance to the award-winning Macy Elementary School.

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: Whittier

NeighborhoodNIR Market*CityMarket2010Year20002019200k250k300k350k400k450k500k550k600kPrice in $178k622k

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

Neighborhood: Whittier

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
 

$809,910$989,890$899,900

PURCHASE PRICE

$2,952$3,608$3,280

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,280
EXPENSES Loan Payment -$3,126
Property Tax -$857
Property Insurance -$75
Property Management Fees -$161
CASH FLOW
-$938

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.

$899,900

PROJECTED PRICE

$3,280

PROJECTED RENT

0.36%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.48%
Appreciation Year (1-5) 6.2%
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$2.5M

PROJECTED ANNUAL CASH FLOW

11530-$15k-$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$2.5M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$244,224

INVESTMENT

$244,224

Down Payment
$224,975
Rehab Estimate
$5,750
Closing Costs
$13,499

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$3,126

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $224,975
Loan Amount $674,925
See What Happens When You Reinvest Cash Flow

1.25

YEARS SAVED

$5,418

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,280

    LIST RENT
  • $1.65

    LIST RENT PER SQFT
  • $3,265

    COMP ESTIMATED VALUE
  • $1.65

    COMP AVG. RENT PER SQFT
Comps Range
$2,850
1$2,8502$2,9003$3,0004$3,0505$3,280
$3,280
RENT COMPS ANALYSIS
  • 16907 Sausalito Drive Whittier, CA 5
    • 3 beds 2 baths ∙ 1,985 Sqft ∙ Built 1956 3 beds 2 baths ∙ 1,985 Sqft ∙ Built 1956
    • Rent
    • Rent Per SQFT
    •  
    • $3,280
    • $1.65
    •  
  • 1271 Citrus Drive La Habra, CA 1
    • 3 beds 2 baths ∙ 1,897 Sqft ∙ Built 1956 3 beds 2 baths ∙ 1,897 Sqft ∙ Built 1956
    LEASED 11/23/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,850
    • $1.50
    •  
  • 10847 Lindesmith Avenue Whittier, CA 2
    • 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
    •  
  • 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
    •  
  • 9401 Randall Avenue La Habra, CA 4
    • 3 beds 2 baths ∙ 1,877 Sqft ∙ Built 1955 3 beds 2 baths ∙ 1,877 Sqft ∙ Built 1955
    LEASED 06/19/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,050
    • $1.62
    •  
PROPERTY LISTING DETAILS
Linda Domis
Keller Williams Rlty Whittier
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: PW21028199
Last Updated: 02/11/2021
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