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17344 Villa Park Street La Puente, CA 91744

3 Beds 2 Baths 1,338 sqft Built 1979

$599,999

List Price

$2,320

$2.1K - $2.6K

Rent Est.

PROPERTY INFO

December 22, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1979
  • Price/Sqft : $448.43
  • 6 Days on Market
  • MLS # : TR20261687
  • Updated Date : 12/23/2020 at 12:12
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,338 sqft
  • Baths : 2 full
Listing Agent

Marketing Specialists

Listing Agent's Description

What a FANTASTIC home this is! Located near the Industry Hills Pacific Palms Resort in the hills above Valley Blvd, this home is READY for move-in! Single story, plenty of space, and UPGRADED throughout! The house has NEW flooring, NEW paint, NEW KITCHEN, UPGRADED Baths, NEW AC and so much more! Blockwall fencing, VIEWS to the neighborhood, SunRoom, and also a CORNER LOT location! 2 car garage with rollup door. This is the BEST HOME for you! Seller willing to leave MOST furniture based on Full Sales Price offer! This would include the refrigerator, couches, TV, washer and dryer, etc...

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • 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]

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
Hurley Elementary School Primary Regular 623 26 5
Hurley Elementary School Middle Regular 623 26 5
Nogales High School High Regular 1,959 84 5

Hurley Elementary School

  • Education Level: Primary
  • # of students: 623
  • # of teachers: 26
5
GreatSchools Rating

Hurley Elementary School

  • Education Level: Middle
  • # of students: 623
  • # of teachers: 26
5
GreatSchools Rating

Nogales High School

  • Education Level: High
  • # of students: 1,959
  • # of teachers: 84
5
GreatSchools Rating
 

$539,999$659,999$599,999

PURCHASE PRICE

$2,088$2,552$2,320

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,320
EXPENSES Loan Payment -$2,214
Property Tax -$661
Property Insurance -$59
Property Management Fees -$114
CASH FLOW
-$728

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.

$599,999

PROJECTED PRICE

$2,320

PROJECTED RENT

0.39%

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$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$164,750

INVESTMENT

$164,750

Down Payment
$150,000
Rehab Estimate
$5,750
Closing Costs
$9,000

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,214

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $150,000
Loan Amount $449,999
See What Happens When You Reinvest Cash Flow

0.75

YEARS SAVED

$2,268

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,320

    LIST RENT
  • $1.73

    LIST RENT PER SQFT
  • $2,492

    COMP ESTIMATED VALUE
  • $1.86

    COMP AVG. RENT PER SQFT
Comps Range
$2,200
1$2,2002$2,2503$2,3204$2,4005$2,600
$2,600
RENT COMPS ANALYSIS
  • 17344 Villa Park Street La Puente, CA 3
    • 3 beds 2 baths ∙ 1,338 Sqft ∙ Built 1979 3 beds 2 baths ∙ 1,338 Sqft ∙ Built 1979
    • Rent
    • Rent Per SQFT
    •  
    • $2,320
    • $1.73
    •  
  • 427 Vidalia Avenue La Puente, CA 1
    • 3 beds 2 baths ∙ 1,118 Sqft ∙ Built 1960 3 beds 2 baths ∙ 1,118 Sqft ∙ Built 1960
    LEASED 07/16/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,200
    • $1.97
    •  
  • 16409 Main Street La Puente, CA 2
    • 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
    •  
  • 16365 Main Street La Puente, CA 4
    • 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
    •  
  • 331 Vidalia Avenue La Puente, CA 5
    • 4 beds 2 baths ∙ 1,500 Sqft ∙ Built 1960 4 beds 2 baths ∙ 1,500 Sqft ∙ Built 1960
    LEASED 04/13/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,600
    • $1.73
    •  
PROPERTY LISTING DETAILS
Gilbert Rivera
Marketing Specialists
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: TR20261687
Last Updated: 12/23/2020
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