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17012 Lawnwood Street La Puente, CA 91744

3 Beds 1 Baths 1,138 sqft Built 1955

$569,900

List Price

$2,180

$2K - $2.4K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
February 26, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1955
  • Price/Sqft : $500.79
  • 4 Days on Market
  • MLS # : CV21037357
  • Updated Date : 02/25/2021 at 16:20
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,138 sqft
  • Baths : 1 full
Listing Agent

Century 21 Marty Rodriguez

Listing Agent's Description

The home you’ve been searching for has officially hit the market! Eye-catching curb appeal and great landscaping invite you into this lovely home and upgraded home boasting an open floor plan. Natural sunlight beams thought the sliding glass door and into the living room where you can enjoy laminate wood flooring, LED recessed lighting, and the perfect area to lounge and relax after a long day. The beautifully remodeled kitchen features tile flooring and a separate dining area for sharing future meals. As you make your way down the hallway, you are greeted with 3 great-sized bedrooms, 2 remodeled bathrooms, and laundry area. Next up we have the entertaining backyard, landscaped with a patio and grass area, where you will love hosting BBQs and entertaining family and friends. This home is complete with a 2-car attached garage and large concrete driveway offering plenty of space for parking. Ready to start making memories in this perfect home? Now is your chance! Give our team a call today and be the first to preview this house that will make you feel right at home.

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MARKET HIGHLIGHTS

  • Southern California area contributes to 55.3% of California state economy i.e. Gross State Product (USMayors.org, 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)
  • 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 has 58.7% labor force participation rate; within this area, Los Angeles metro has 62.3% labor force participation rate (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)
  • 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]
  • 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)

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
William Workman High School High Regular 1,165 50 5

William Workman High School

  • Education Level: High
  • # of students: 1,165
  • # of teachers: 50
5
GreatSchools Rating
 

$512,910$626,890$569,900

PURCHASE PRICE

$1,962$2,398$2,180

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,180
EXPENSES Loan Payment -$1,979
Property Tax -$606
Property Insurance -$55
Property Management Fees -$107
CASH FLOW
-$567

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.

$569,900

PROJECTED PRICE

$2,180

PROJECTED RENT

0.38%

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$156,774

INVESTMENT

$156,774

Down Payment
$142,475
Rehab Estimate
$5,750
Closing Costs
$8,549

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,979

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $142,475
Loan Amount $427,425
See What Happens When You Reinvest Cash Flow

1.42

YEARS SAVED

$3,892

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,180

    LIST RENT
  • $1.92

    LIST RENT PER SQFT
  • $2,028

    COMP ESTIMATED VALUE
  • $1.78

    COMP AVG. RENT PER SQFT
Comps Range
$2,000
1$2,0002$2,1003$2,1804$2,2005$2,450
$2,450
RENT COMPS ANALYSIS
  • 17012 Lawnwood Street La Puente, CA 3
    • 3 beds 1 baths ∙ 1,138 Sqft ∙ Built 1955 3 beds 1 baths ∙ 1,138 Sqft ∙ Built 1955
    • Rent
    • Rent Per SQFT
    •  
    • $2,180
    • $1.92
    •  
  • 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
    •  
  • 1824 Gretta Avenue La Puente, CA 2
    • 3 beds 2 baths ∙ 1,213 Sqft ∙ Built 1960 3 beds 2 baths ∙ 1,213 Sqft ∙ Built 1960
    LEASED 10/28/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,100
    • $1.73
    •  
  • 16622 Gumbiner Drive La Puente, CA 4
    • 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
    •  
  • 412 Rimgrove Drive La Puente, CA 5
    • 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
    •  
PROPERTY LISTING DETAILS
Patricia Pallesen
Century 21 Marty Rodriguez
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: CV21037357
Last Updated: 02/25/2021
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