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18065 Galatina Street Rowland Heights, CA 91748

4 Beds 3 Baths 2,380 sqft Built 1966

$848,888

List Price

$2,950

$2.7K - $3.2K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 25, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1966
  • Price/Sqft : $356.68
  • 5 Days on Market
  • MLS # : PW21061639
  • Updated Date : 03/25/2021 at 12:06
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,380 sqft
  • Baths : 3 full
Listing Agent

Freedom First Properties

Listing Agent's Description

Beautiful four bedroom + den home in a sought after and peaceful hillside community in Rowland Heights. This well cared for home offers solid surface flooring downstairs and four generous sized bedrooms upstairs, including a master bedroom with an ensuite bathroom with a double vanity. Do not miss the dreamy, large (and permitted!!!) workshop that would be ideal for an artisan, contractor or home based business!!! You must see it! Outside, you can enjoy a covered patio, a grassy yard and two wonderfully producing avocado trees...all set against views of Mt Baldy and Mt Wilson! Got stuff? No problem! Storage in the garage, in the attic, on the side yard and in your workshop! Come make this home your own!!!

SEE MORE

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)
  • 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)

PRICE & RENT TRENDS

Neighborhood: Rowland Heights

NeighborhoodNIR Market*CityMarket2010Year20002019200k250k300k350k400k450k500k550k600k650kPrice in $187k690k

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

Neighborhood: Rowland Heights

NeighborhoodNIR Market*CityMarket2010Year2000 Q42019 Q216001700180019002000210022002300240025002600270028002900Rent in $15582941

* 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
Alvarado Intermediate School Middle Regular 750 30 7
John A. Rowland High School High Regular 2,329 87 8

Alvarado Intermediate School

  • Education Level: Middle
  • # of students: 750
  • # of teachers: 30
7
GreatSchools Rating

John A. Rowland High School

  • Education Level: High
  • # of students: 2,329
  • # of teachers: 87
8
GreatSchools Rating
 

$763,999$933,777$848,888

PURCHASE PRICE

$2,655$3,245$2,950

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,950
EXPENSES Loan Payment -$2,949
Property Tax -$908
Property Insurance -$85
Property Management Fees -$145
CASH FLOW
-$1,135

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.

$848,888

PROJECTED PRICE

$2,950

PROJECTED RENT

0.35%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.48%
Appreciation Year (1-5) 5.0%
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

PROJECTED ANNUAL CASH FLOW

11530-$20k-$15k-$10k-$5.0k$0.0$5.0k$10k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$500k$1.0M$1.5M$2.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$230,705

INVESTMENT

$230,705

Down Payment
$212,222
Rehab Estimate
$5,750
Closing Costs
$12,733

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 70% down payment or higher enables the proceeds from the asset to cover all costs.

$2,949

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $212,222
Loan Amount $636,666
See What Happens When You Reinvest Cash Flow

0.33

YEARS SAVED

$441

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,950

    LIST RENT
  • $1.24

    LIST RENT PER SQFT
  • $3,284

    COMP ESTIMATED VALUE
  • $1.38

    COMP AVG. RENT PER SQFT
Comps Range
$2,950
1$2,9502$3,2003$3,2004$3,5005$3,600
$3,600
RENT COMPS ANALYSIS
  • 18065 Galatina Street Rowland Heights, CA 1
    • 4 beds 3 baths ∙ 2,380 Sqft ∙ Built 1966 4 beds 3 baths ∙ 2,380 Sqft ∙ Built 1966
    • Rent
    • Rent Per SQFT
    •  
    • $2,950
    • $1.24
    •  
  • 18140 Gallineta Street Rowland Heights, CA 2
    • 4 beds 2 baths ∙ 2,180 Sqft ∙ Built 1966 4 beds 2 baths ∙ 2,180 Sqft ∙ Built 1966
    LEASED 02/13/21
    • Rent
    • Rent Per SQFT
    •  
    • $3,200
    • $1.47
    •  
  • 1937 Calle Bogota Rowland Heights, CA 3
    • 4 beds 3 baths ∙ 2,569 Sqft ∙ Built 1983 4 beds 3 baths ∙ 2,569 Sqft ∙ Built 1983
    LEASED 03/01/21
    • Rent
    • Rent Per SQFT
    •  
    • $3,200
    • $1.25
    •  
  • 1870 Paseo Azul Rowland Heights, CA 4
    • 5 beds 4 baths ∙ 2,534 Sqft ∙ Built 1980 5 beds 4 baths ∙ 2,534 Sqft ∙ Built 1980
    LEASED 12/28/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,500
    • $1.38
    •  
  • 2419 Saleroso Drive Rowland Heights, CA 5
    • 4 beds 3 baths ∙ 2,535 Sqft ∙ Built 1983 4 beds 3 baths ∙ 2,535 Sqft ∙ Built 1983
    LEASED 02/04/21
    • Rent
    • Rent Per SQFT
    •  
    • $3,600
    • $1.42
    •  
PROPERTY LISTING DETAILS
Melinda Johnson
Freedom First Properties
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: PW21061639
Last Updated: 03/25/2021
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