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1866 Kashlan La Habra Heights, CA 90631

3 Beds 2 Baths 1,772 sqft Built 1964

$850,000

List Price

$3,000

$2.8K - $3.3K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
FACTS
  • Single Family
  • Built In 1964
  • Price/Sqft : $479.68
  • 9 Days on Market
  • MLS # : PW21048829
  • Updated Date : 03/26/2021 at 05:10
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,772 sqft
  • Baths : 2 full
Listing Agent

Exp Realty Of California

Listing Agent's Description

This is one of the best flat lots you will find in the La Habra Heights area. And on it is a house with so much potential. 3beds and 2baths with a well updated kitchen. Giant island and modern appliances make this kitchen perfect for a chef and a large family. Add to that the massive dining area, which leads right into your oversized family room space. The oversized family room with wood burning fireplace on the back of the house rounds out your entertaining spaceS inside. Outside in the back you have a full trellis along the patio and a yard that seems to go on forever. Plenty of mature trees and a canvas ready for your imagination. In the front there is an RV pad with electrical perfect for that extra toy of yours. This is truly a unique find at the base of the La Habra Heights area. Someone will grab it quickly, so be sure to get there soon. MORE PHOTOS TO FOLLOW

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)
  • 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)
  • 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)
  • As part of Southern California area, Orange County market inherits all the benefits from the area.
  • 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]
  • 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: La Habra Heights

NeighborhoodNIR Market*CityMarket2010Year20002019300k400k500k600k700k800k900k1000kPrice in $272k1055k

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

Neighborhood: La Habra Heights

NeighborhoodNIR Market*CityMarket2010Year2000 Q22019 Q22000220024002600280030003200340036003800Rent in $19813930

* 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
Rancho-starbuck Intermediate School Middle Regular 774 28 8
Sonora High School High Regular 1,924 67 9

Rancho-starbuck Intermediate School

  • Education Level: Middle
  • # of students: 774
  • # of teachers: 28
8
GreatSchools Rating

Sonora High School

  • Education Level: High
  • # of students: 1,924
  • # of teachers: 67
9
GreatSchools Rating
 

$765,000$935,000$850,000

PURCHASE PRICE

$2,700$3,300$3,000

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,000
EXPENSES Loan Payment -$2,952
Property Tax -$832
Property Insurance -$70
Property Management Fees -$147
CASH FLOW
-$1,001

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 14% of earned rent to cover both maintenance and periods of vacancy.

$850,000

PROJECTED PRICE

$3,000

PROJECTED RENT

0.35%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.08%
Appreciation Year (1-5) 3.7%
Maintenance Year (1-5) 8.00%
Vacancy 5.81%
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$231,000

INVESTMENT

$231,000

Down Payment
$212,500
Rehab Estimate
$5,750
Closing Costs
$12,750

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,952

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $212,500
Loan Amount $637,500
See What Happens When You Reinvest Cash Flow

0.42

YEARS SAVED

$967

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,000

    LIST RENT
  • $1.69

    LIST RENT PER SQFT
  • $3,252

    COMP ESTIMATED VALUE
  • $1.84

    COMP AVG. RENT PER SQFT
Comps Range
$2,850
1$2,8502$3,0003$3,1004$3,2005$3,500
$3,500
RENT COMPS ANALYSIS
  • 1866 Kashlan La Habra Heights, CA 2
    • 3 beds 2 baths ∙ 1,772 Sqft ∙ Built 1964 3 beds 2 baths ∙ 1,772 Sqft ∙ Built 1964
    • Rent
    • Rent Per SQFT
    •  
    • $3,000
    • $1.69
    •  
  • 431 Sonora Place La Habra, CA 1
    • 3 beds 3 baths ∙ 1,517 Sqft ∙ Built 1957 3 beds 3 baths ∙ 1,517 Sqft ∙ Built 1957
    LEASED 05/11/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,850
    • $1.88
    •  
  • 1362 Bexley Lane Brea, CA 3
    • 3 beds 2 baths ∙ 1,675 Sqft ∙ Built 1958 3 beds 2 baths ∙ 1,675 Sqft ∙ Built 1958
    LEASED 01/19/21
    • Rent
    • Rent Per SQFT
    •  
    • $3,100
    • $1.85
    •  
  • 860 Country Lane La Habra, CA 4
    • 4 beds 3 baths ∙ 1,867 Sqft ∙ Built 1960 4 beds 3 baths ∙ 1,867 Sqft ∙ Built 1960
    LEASED 12/05/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,200
    • $1.71
    •  
  • 641 Linden Lane La Habra, CA 5
    • 3 beds 2 baths ∙ 1,838 Sqft ∙ Built 1960 3 beds 2 baths ∙ 1,838 Sqft ∙ Built 1960
    LEASED 02/20/21
    • Rent
    • Rent Per SQFT
    •  
    • $3,500
    • $1.90
    •  
PROPERTY LISTING DETAILS
Brian Bartholomew
Exp Realty Of California
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: PW21048829
Last Updated: 03/26/2021
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