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1828 Valencia Street Rowland Heights, CA 91748

4 Beds 3 Baths 1,596 sqft Built 1966

$749,000

List Price

$2,540

$2.3K - $2.8K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
FACTS
  • Single Family
  • Built In 1966
  • Price/Sqft : $469.30
  • 10 Days on Market
  • MLS # : CV21051777
  • Updated Date : 03/18/2021 at 11:31
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,596 sqft
  • Baths : 3 full
Listing Agent

Kw College Park

Listing Agent's Description

Great Two Story home located in the heart of Rowland Heights. Large Living room with fireplace and natural light from the beautiful windows. . Kitchen is great size opens to the kitchen eating area. Indoor Laundry area is inside which is a plus. Great floor plan, very cozy and open. One bedroom downstairs with bathroom access. All other bedrooms are upstairs, very spacious and private. ard is quiet, with plenty of room to Garden, add a pool or just enjoy. Outside Patio area is covered and you are able to access it from the Kitchen area. Close to shopping and restaurants.

SEE MORE

MARKET HIGHLIGHTS

  • Southern California's economy is worth $1.58 trillion in Gross Metro Product and projected to grow to $1.67 trillion (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)
  • 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)
  • 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)
  • 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 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)

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
 

$674,100$823,900$749,000

PURCHASE PRICE

$2,286$2,794$2,540

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,540
EXPENSES Loan Payment -$2,602
Property Tax -$776
Property Insurance -$66
Property Management Fees -$124
CASH FLOW
-$1,028

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.

$749,000

PROJECTED PRICE

$2,540

PROJECTED RENT

0.34%

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-$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$204,235

INVESTMENT

$204,235

Down Payment
$187,250
Rehab Estimate
$5,750
Closing Costs
$11,235

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,602

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $187,250
Loan Amount $561,750
See What Happens When You Reinvest Cash Flow

0.25

YEARS SAVED

$308

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,540

    LIST RENT
  • $1.59

    LIST RENT PER SQFT
  • $2,785

    COMP ESTIMATED VALUE
  • $1.74

    COMP AVG. RENT PER SQFT
Comps Range
$2,500
1$2,5002$2,5403$2,7004$2,8005$2,900
$2,900
RENT COMPS ANALYSIS
  • 1828 Valencia Street Rowland Heights, CA 2
    • 4 beds 3 baths ∙ 1,596 Sqft ∙ Built 1966 4 beds 3 baths ∙ 1,596 Sqft ∙ Built 1966
    • Rent
    • Rent Per SQFT
    •  
    • $2,540
    • $1.59
    •  
  • 19352 Pilario Street Rowland Heights, CA 1
    • 4 beds 2 baths ∙ 1,438 Sqft ∙ Built 1976 4 beds 2 baths ∙ 1,438 Sqft ∙ Built 1976
    LEASED 09/19/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $1.74
    •  
  • 19027 Jodi Street Rowland Heights, CA 3
    • 4 beds 2 baths ∙ 1,609 Sqft ∙ Built 1975 4 beds 2 baths ∙ 1,609 Sqft ∙ Built 1975
    LEASED 02/01/21
    • Rent
    • Rent Per SQFT
    •  
    • $2,700
    • $1.68
    •  
  • 19109 Galatina Street Rowland Heights, CA 4
    • 4 beds 4 baths ∙ 1,624 Sqft ∙ Built 1968 4 beds 4 baths ∙ 1,624 Sqft ∙ Built 1968
    LEASED 11/05/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,800
    • $1.72
    •  
  • 1805 Nowell Avenue Rowland Heights, CA 5
    • 5 beds 3 baths ∙ 1,580 Sqft ∙ Built 1963 5 beds 3 baths ∙ 1,580 Sqft ∙ Built 1963
    LEASED 02/23/21
    • Rent
    • Rent Per SQFT
    •  
    • $2,900
    • $1.84
    •  
PROPERTY LISTING DETAILS
Brenda Geraci
Kw College Park
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: CV21051777
Last Updated: 03/18/2021
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