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2073 E Skyline Drive La Habra Heights, CA 90631

3 Beds 2 Baths 1,752 sqft Built 1951

$799,000

List Price

$2,850

$2.6K - $3.1K

Rent Est.

PROPERTY INFO

FACTS
  • Single Family
  • Built In 1951
  • Price/Sqft : $456.05
  • 41 Days on Market
  • MLS # : PW20216430
  • Updated Date : 11/19/2020 at 15:51
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,752 sqft
  • Baths : 2 full
Listing Agent

Coldwell Banker Diamond

Listing Agent's Description

Welcome to 2073 E. Skyline Dr. in La Habra Heights. This 3 bedroom, 2 bathrooms, single level house sits on 22,148 lot at the corner which gives you privacy. As you walk into the home, you are greeted by the open living room, dining room and family room. Kitchen is designed with built in cabinets, laminate counter tops and a breakfast nook for gatherings. Two other bedrooms share a hall bathroom with a tub/shower. The setting is complete with avocado trees providing nice shade, a patio is a nice place to sit and relax and enjoy the city light views, large driveway, attached 2 car garage, potential for an RV or parking for a boat/toys and is ready for its new homeowner.This mid-century home is a must see!

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • 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)

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
El Portal Elementary School Primary Regular 512 19 8
El Portal Elementary School Middle Regular 512 19 8
Sonora High School High Regular 1,924 67 9

El Portal Elementary School

  • Education Level: Primary
  • # of students: 512
  • # of teachers: 19
8
GreatSchools Rating

El Portal Elementary School

  • Education Level: Middle
  • # of students: 512
  • # of teachers: 19
8
GreatSchools Rating

Sonora High School

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

$719,100$878,900$799,000

PURCHASE PRICE

$2,565$3,135$2,850

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,850
EXPENSES Loan Payment -$2,948
Property Tax -$792
Property Insurance -$69
Property Management Fees -$140
CASH FLOW
-$1,099

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.

$799,000

PROJECTED PRICE

$2,850

PROJECTED RENT

0.36%

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-$20k-$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$217,485

INVESTMENT

$217,485

Down Payment
$199,750
Rehab Estimate
$5,750
Closing Costs
$11,985

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,948

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $199,750
Loan Amount $599,250
See What Happens When You Reinvest Cash Flow

0.25

YEARS SAVED

$379

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,850

    LIST RENT
  • $1.63

    LIST RENT PER SQFT
  • $2,891

    COMP ESTIMATED VALUE
  • $1.65

    COMP AVG. RENT PER SQFT
Comps Range
$2,600
1$2,6002$2,7003$2,8004$2,8505$2,900
$2,900
RENT COMPS ANALYSIS
  • 2073 E Skyline Drive La Habra Heights, CA 4
    • 3 beds 2 baths ∙ 1,752 Sqft ∙ Built 1951 3 beds 2 baths ∙ 1,752 Sqft ∙ Built 1951
    • Rent
    • Rent Per SQFT
    •  
    • $2,850
    • $1.63
    •  
  • 2368 Donosa Drive Rowland Heights, CA 1
    • 4 beds 2 baths ∙ 1,559 Sqft ∙ Built 1962 4 beds 2 baths ∙ 1,559 Sqft ∙ Built 1962
    LEASED 04/19/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,600
    • $1.67
    •  
  • 17711 Contra Costa Drive Rowland Heights, CA 2
    • 4 beds 3 baths ∙ 1,818 Sqft ∙ Built 1971 4 beds 3 baths ∙ 1,818 Sqft ∙ Built 1971
    LEASED 12/13/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,700
    • $1.49
    •  
  • 18023 Amargoso Street Rowland Heights, CA 3
    • 4 beds 2 baths ∙ 1,872 Sqft ∙ Built 1970 4 beds 2 baths ∙ 1,872 Sqft ∙ Built 1970
    LEASED 09/25/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,800
    • $1.50
    •  
  • 2248 Valle Drive La Habra Heights, CA 5
    • 3 beds 1 baths ∙ 1,496 Sqft ∙ Built 1937 3 beds 1 baths ∙ 1,496 Sqft ∙ Built 1937
    LEASED 01/23/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,900
    • $1.94
    •  
PROPERTY LISTING DETAILS
Jan Fiore
Coldwell Banker Diamond
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: PW20216430
Last Updated: 11/19/2020
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