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PROPERTY INFO
FACTS
- Single Family
- Built In 1970
- Price/Sqft : $383.84
- 3 Days on Market
- MLS # : PW21035464
- Updated Date : 02/20/2021 at 10:26
CONSTRUCTION
- Beds : 4
- Floor Size : 2,123 sqft
- Baths : 2 full
Listing Agent
Seven Gables Real Estate
Listing Agent's Description
1693 DARLEY AVE in HACIENDA HEIGHTS is an Exceptional Home with Four Bedrooms and Two Baths! The Living Square Footage is an Impressive 2,123 SQFT. SOLAR PANELS! The Entrance of The Home is Most Complimented by the Tall and Great Front Door Perfectly Matched with The Home's Motif. At Entry, The Living Room shows Bright and Wide, Tall Ceiling, and Cozy Brick Fireplace. Following is the Dining Room with Access to the Side Yard and with a Gleaming Mirrored Wall. The Kitchen has a Timeless look with Tile Flooring, Wooden Cabinets, and Large Windows Overlooking the Side and Back Yard. The Master Bedroom Boasts in Size, offering you Sliding Doors Leading to the Peaceful Backyard. This unique home has a Vast.... 18,142 SQ FT. Lot Size....The Back Yard is Near Majestic and Lofty, There are Trees and Plant Life Everywhere, It is Like a Small Park, You Can Get Your Cardio in by Simply Walking From One Side to The Other! A Three Car Garage and a Large Driveway with a Gorgeous Valley View! This is Real California Style! - All bedrooms have access to backyards via sliding glass doors | Central A/C | Garage interior has a workroom/ laundry room |Walking Distance to Schools| Hiking Trails Near by with Scenic Views| Lovely Cul-de-Sac|
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MARKET HIGHLIGHTS
- 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)
- 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)
- 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 area contributes to 55.3% of California state economy i.e. Gross State Product (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)
- Southern California's economy is worth $1.58 trillion in Gross Metro Product and projected to grow to $1.67 trillion (USMayors.org, 2018)
PRICE & RENT TRENDS
Neighborhood: Hacienda Heights
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Hacienda Heights
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $3,100 |
| EXPENSES | Loan Payment | -$2,830 |
| Property Tax | -$853 | |
| Property Insurance | -$78 | |
| Property Management Fees | -$152 | |
|
CASH FLOW
-$813
|
||
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.
$814,900
PROJECTED PRICE
$3,100
PROJECTED RENT
0.38%
PROJECTED RENT / PRICE RATIO
| 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
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$221,699
LOAN DETAILS
$2,830
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $203,725 |
| Loan Amount | $611,175 |
1.33
YEARS SAVED
$5,507
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$3,100
LIST RENT -
$1.46
LIST RENT PER SQFT
-
$3,195
COMP ESTIMATED VALUE -
$1.51
COMP AVG. RENT PER SQFT
Comps Range
-
1693 Darley Avenue Hacienda Heights, CA 4
- 4 beds 2 baths ∙ 2,123 Sqft ∙ Built 1970 4 beds 2 baths ∙ 2,123 Sqft ∙ Built 1970
- Rent
- Rent Per SQFT
- $3,100
- $1.46
-
1634 Darley Avenue Hacienda Heights, CA 1
- 4 beds 2 baths ∙ 1,773 Sqft ∙ Built 1970 4 beds 2 baths ∙ 1,773 Sqft ∙ Built 1970
LEASED 06/15/20- Rent
- Rent Per SQFT
- $2,500
- $1.41
-
15056 Pintura Drive Hacienda Heights, CA 2
- 3 beds 2 baths ∙ 1,800 Sqft ∙ Built 1963 3 beds 2 baths ∙ 1,800 Sqft ∙ Built 1963
LEASED 05/02/20- Rent
- Rent Per SQFT
- $2,800
- $1.56
-
15921 Ladysmith Street Hacienda Heights, CA 3
- 4 beds 2 baths ∙ 1,863 Sqft ∙ Built 1965 4 beds 2 baths ∙ 1,863 Sqft ∙ Built 1965
LEASED 02/11/21- Rent
- Rent Per SQFT
- $2,900
- $1.56
-
2233 Angelcrest Drive Hacienda Heights, CA 5
- 5 beds 2 baths ∙ 2,242 Sqft ∙ Built 1962 5 beds 2 baths ∙ 2,242 Sqft ∙ Built 1962
LEASED 08/30/19- Rent
- Rent Per SQFT
- $3,350
- $1.49
PROPERTY LISTING DETAILS
Seven Gables Real Estate
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
MLS #: PW21035464
Last Updated: 02/20/2021
