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2027 La Cana Drive Hacienda Heights, CA 91745

3 Beds 1 Baths 1,760 sqft Built 1963

$788,800

List Price

$2,830

$2.6K - $3.1K

Rent Est.

PROPERTY INFO

February 01, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1963
  • Price/Sqft : $448.18
  • 7 Days on Market
  • MLS # : WS21018445
  • Updated Date : 02/01/2021 at 11:36
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,760 sqft
  • Baths : 1 full
Listing Agent

Fullhouse Realty

Listing Agent's Description

This 3BR, 1.75BA beautiful single story Sunset Hills home sits in a quiet street and in a cul-de-sac within walking distance to elementary and Junior High School. Front door features with glass in-lays. Dual pane windows. Fresh exterior paint. Large back yard with Gazebo. Large living room with fireplace. New Range hood and Cook Top was installed in the kitchen with granite counters and lighting fixtures. Huge family room with crown mouldings, Casa Blanca fan, and plantation shutters. Other fine features are crown mouldings throughout the home, custom window blinds, and 6-panel doors, tiled floor bathrooms with seamless shower door, dual sinks with granite counters. Many other fine amenities including master bedroom with walk-in closet, indoor laundry and attached 2-car garage. Features: New exterior paint, new cooktop, new range hood, new paving stone, new planted succulent plants and artificial grass to conserve water.

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MARKET HIGHLIGHTS

  • 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)
  • 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)

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
Glen A. Wilson High School High Regular 1,616 64 9

Glen A. Wilson High School

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

$709,920$867,680$788,800

PURCHASE PRICE

$2,547$3,113$2,830

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,830
EXPENSES Loan Payment -$2,740
Property Tax -$804
Property Insurance -$70
Property Management Fees -$139
CASH FLOW
-$922

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.

$788,800

PROJECTED PRICE

$2,830

PROJECTED RENT

0.36%

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$10k$15k

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$214,782

INVESTMENT

$214,782

Down Payment
$197,200
Rehab Estimate
$5,750
Closing Costs
$11,832

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,740

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $197,200
Loan Amount $591,600
See What Happens When You Reinvest Cash Flow

0.67

YEARS SAVED

$1,905

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,830

    LIST RENT
  • $1.61

    LIST RENT PER SQFT
  • $2,979

    COMP ESTIMATED VALUE
  • $1.69

    COMP AVG. RENT PER SQFT
Comps Range
$2,600
1$2,6002$2,6503$2,7504$2,8305$2,900
$2,900
RENT COMPS ANALYSIS
  • 2027 La Cana Drive Hacienda Heights, CA 4
    • 3 beds 1 baths ∙ 1,760 Sqft ∙ Built 1963 3 beds 1 baths ∙ 1,760 Sqft ∙ Built 1963
    • Rent
    • Rent Per SQFT
    •  
    • $2,830
    • $1.61
    •  
  • 2500 Abuela Place Hacienda Heights, CA 1
    • 3 beds 2 baths ∙ 1,605 Sqft ∙ Built 1972 3 beds 2 baths ∙ 1,605 Sqft ∙ Built 1972
    LEASED 10/07/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,600
    • $1.62
    •  
  • 1926 Kellerton Drive La Puente, CA 2
    • 3 beds 2 baths ∙ 1,600 Sqft ∙ Built 1955 3 beds 2 baths ∙ 1,600 Sqft ∙ Built 1955
    LEASED 09/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,650
    • $1.66
    •  
  • 2051 Atlantida Drive Hacienda Heights, CA 3
    • 4 beds 2 baths ∙ 1,602 Sqft ∙ Built 1963 4 beds 2 baths ∙ 1,602 Sqft ∙ Built 1963
    LEASED 10/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,750
    • $1.72
    •  
  • 1946 Deerpeak Drive Hacienda Heights, CA 5
    • 3 beds 2 baths ∙ 1,637 Sqft ∙ Built 1977 3 beds 2 baths ∙ 1,637 Sqft ∙ Built 1977
    LEASED 07/31/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,900
    • $1.77
    •  
PROPERTY LISTING DETAILS
Daniel Hung- Chen
Fullhouse Realty
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: WS21018445
Last Updated: 02/01/2021
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