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18534 Maclaren Street La Puente, CA 91744

3 Beds 1 Baths 964 sqft Built 1958

$455,000

List Price

$2,140

$1.9K - $2.4K

Rent Est.

PROPERTY INFO

January 23, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1958
  • Price/Sqft : $471.99
  • 3 Days on Market
  • MLS # : CV21014251
  • Updated Date : 01/23/2021 at 12:05
CONSTRUCTION
  • Beds : 3
  • Floor Size : 964 sqft
  • Baths : 1 full
Listing Agent

Citrus Realty & Associates

Listing Agent's Description

Calling all Investors, Contractors and First Time Buyers. Don’t miss out on this incredible opportunity to own this amazing single story La Puente charmer! Home has 3 spacious bedrooms, 1 full bath, with the living room and kitchen full with potential. Property has an additional 2 bedroom, 1 bath, and kitchenette with separate entrance. Perfect for guests or as a potential rental unit. Property was purchased with the addition, permit status unknown and buyer and buyer's agent to verify all. Price reflects current condition, home is sold "AS IS" and seller will not be making repairs.

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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: South San Jose Hills

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450k500k550k600kPrice in $132k622k

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

Neighborhood: South San Jose Hills

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
Rorimer Elementary School Primary Regular 582 26 4
Rorimer Elementary School Middle Regular 582 26 4
Nogales High School High Regular 1,959 84 5

Rorimer Elementary School

  • Education Level: Primary
  • # of students: 582
  • # of teachers: 26
4
GreatSchools Rating

Rorimer Elementary School

  • Education Level: Middle
  • # of students: 582
  • # of teachers: 26
4
GreatSchools Rating

Nogales High School

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

$409,500$500,500$455,000

PURCHASE PRICE

$1,926$2,354$2,140

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,140
EXPENSES Loan Payment -$1,580
Property Tax -$498
Property Insurance -$50
Property Management Fees -$105
CASH FLOW
-$93

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.

$455,000

PROJECTED PRICE

$2,140

PROJECTED RENT

0.47%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.35%
Appreciation Year (1-5) 7.8%
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

PROJECTED ANNUAL CASH FLOW

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$126,325

INVESTMENT

$126,325

Down Payment
$113,750
Rehab Estimate
$5,750
Closing Costs
$6,825

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 50% down payment or higher enables the proceeds from the asset to cover all costs.

$1,580

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $113,750
Loan Amount $341,250
See What Happens When You Reinvest Cash Flow

5.33

YEARS SAVED

$26,001

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,140

    LIST RENT
  • $2.22

    LIST RENT PER SQFT
  • $1,832

    COMP ESTIMATED VALUE
  • $1.9

    COMP AVG. RENT PER SQFT
Comps Range
$2,140
1$2,1402$2,2503$2,2954$2,3505$2,500
$2,500
RENT COMPS ANALYSIS
  • 18534 Maclaren Street La Puente, CA 1
    • 3 beds 1 baths ∙ 964 Sqft ∙ Built 1958 3 beds 1 baths ∙ 964 Sqft ∙ Built 1958
    • Rent
    • Rent Per SQFT
    •  
    • $2,140
    • $2.22
    •  
  • 1445 Jellick Avenue Rowland Heights, CA 2
    • 3 beds 2 baths ∙ 1,200 Sqft ∙ Built 1977 3 beds 2 baths ∙ 1,200 Sqft ∙ Built 1977
    LEASED 09/24/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,250
    • $1.88
    •  
  • 2037 Paso Real Avenue Rowland Heights, CA 3
    • 3 beds 2 baths ∙ 1,205 Sqft ∙ Built 1963 3 beds 2 baths ∙ 1,205 Sqft ∙ Built 1963
    LEASED 12/09/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,295
    • $1.90
    •  
  • 2020 Sarah Court West Covina, CA 4
    • 3 beds 2 baths ∙ 1,230 Sqft ∙ Built 1977 3 beds 2 baths ∙ 1,230 Sqft ∙ Built 1977
    LEASED 07/31/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,350
    • $1.91
    •  
  • 2441 E Brenda Street West Covina, CA 5
    • 4 beds 2 baths ∙ 1,312 Sqft ∙ Built 1975 4 beds 2 baths ∙ 1,312 Sqft ∙ Built 1975
    LEASED 08/27/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $1.91
    •  
PROPERTY LISTING DETAILS
Hugo Varela
Citrus Realty & Associates
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: CV21014251
Last Updated: 01/23/2021
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