Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more

2000 Clear River Lane Hacienda Heights, CA 91745

3 Beds 2 Baths 1,573 sqft Built 1980

$747,000

List Price

$2,740

$2.5K - $3K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 12, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1980
  • Price/Sqft : $474.89
  • 4 Days on Market
  • MLS # : WS21051297
  • Updated Date : 03/13/2021 at 19:04
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,573 sqft
  • Baths : 2 full
Listing Agent

Kw Executive

Listing Agent's Description

Pride in Ownership! This one of the kind prime lot located in the most desirable Countrywood Village. The one story home has beautiful view of both the park and the mountain. There are lots of things to be appreciated in this lovely home. A welcoming private front yard, high ceiling living room with sufficient natural sunlight, completely upgraded kitchen and double-pane windows. Direct access to private backyard for entertaining. Spacious master bedroom with walk-in closet and dual sink vanity. A new Roof, A new AC unit, ducts, and fence have been installed within the last few years. This house is well-maintained by owners. Close proximity to restaurants, grocery stores, and shopping mall. Must see home! 3D

SEE MORE

MARKET HIGHLIGHTS

  • Southern California area contributes to 55.3% of California state economy i.e. Gross State Product (USMayors.org, 2018)
  • As part of Southern California area, Los Angeles market inherits all the benefits from the area.
  • 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]
  • 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)

PRICE & RENT TRENDS

Neighborhood: Hacienda Heights

NeighborhoodNIR Market*CityMarket2010Year20002019200k250k300k350k400k450k500k550k600k650k700k750k800k850kPrice in $199k856k

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

Neighborhood: Hacienda Heights

NeighborhoodNIR Market*CityMarket2010Year2000 Q42019 Q216001800200022002400260028003000320034003600Rent in $15593697

* 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
Wedgeworth Elementary School Primary Regular 376 16 9
Glen A. Wilson High School High Regular 1,616 64 9

Wedgeworth Elementary School

  • Education Level: Primary
  • # of students: 376
  • # of teachers: 16
9
GreatSchools Rating

Glen A. Wilson High School

  • Education Level: High
  • # of students: 1,616
  • # of teachers: 64
9
GreatSchools Rating
 

$672,300$821,700$747,000

PURCHASE PRICE

$2,466$3,014$2,740

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,740
EXPENSES Loan Payment -$2,595
Property Tax -$746
Property Insurance -$65
HOA -$255
Property Management Fees -$134
CASH FLOW
-$1,055

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.

$747,000

PROJECTED PRICE

$2,740

PROJECTED RENT

0.37%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.56%
Appreciation Year (1-5) 5.1%
Maintenance Year (1-5) 8.00%
Vacancy 5.05%
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

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$203,705

INVESTMENT

$203,705

Down Payment
$186,750
Rehab Estimate
$5,750
Closing Costs
$11,205

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,595

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $186,750
Loan Amount $560,250
See What Happens When You Reinvest Cash Flow

0.17

YEARS SAVED

$145

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,740

    LIST RENT
  • $1.74

    LIST RENT PER SQFT
  • $2,737

    COMP ESTIMATED VALUE
  • $1.74

    COMP AVG. RENT PER SQFT
Comps Range
$2,500
1$2,5002$2,7403$2,7504$2,8005$2,800
$2,800
RENT COMPS ANALYSIS
  • 2000 Clear River Lane Hacienda Heights, CA 2
    • 3 beds 2 baths ∙ 1,573 Sqft ∙ Built 1980 3 beds 2 baths ∙ 1,573 Sqft ∙ Built 1980
    • Rent
    • Rent Per SQFT
    •  
    • $2,740
    • $1.74
    •  
  • 1730 Landau Place Hacienda Heights, CA 1
    • 3 beds 3 baths ∙ 1,414 Sqft ∙ Built 1986 3 beds 3 baths ∙ 1,414 Sqft ∙ Built 1986
    LEASED 05/09/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $1.77
    •  
  • 2007 Countrywood Avenue Hacienda Heights, CA 3
    • 3 beds 2 baths ∙ 1,514 Sqft ∙ Built 1977 3 beds 2 baths ∙ 1,514 Sqft ∙ Built 1977
    LEASED 01/06/21
    • Rent
    • Rent Per SQFT
    •  
    • $2,750
    • $1.82
    •  
  • 2355 Mountain Brook Drive Hacienda Heights, CA 4
    • 3 beds 2 baths ∙ 1,646 Sqft ∙ Built 1978 3 beds 2 baths ∙ 1,646 Sqft ∙ Built 1978
    LEASED 04/17/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,800
    • $1.70
    •  
  • 1704 Heather Hill Road Hacienda Heights, CA 5
    • 3 beds 2 baths ∙ 1,676 Sqft ∙ Built 1972 3 beds 2 baths ∙ 1,676 Sqft ∙ Built 1972
    LEASED 01/31/21
    • Rent
    • Rent Per SQFT
    •  
    • $2,800
    • $1.67
    •  
PROPERTY LISTING DETAILS
Cheng-hung Tsai
Kw Executive
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: WS21051297
Last Updated: 03/13/2021
BESbswy