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2723 Ticatica Drive Hacienda Heights, CA 91745

5 Beds 4 Baths 2,751 sqft Built 1961

$1,099,000

List Price

$3,630

$3.4K - $3.9K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
FACTS
  • Single Family
  • Built In 1961
  • Price/Sqft : $399.49
  • 16 Days on Market
  • MLS # : WS21136022
  • Updated Date : 07/11/2021 at 10:37
CONSTRUCTION
  • Beds : 5
  • Floor Size : 2,751 sqft
  • Baths : 4 full
Listing Agent

Re/max 2000 Realty

Listing Agent's Description

Welcome Home! Single story home tucked away in a private corner, located in a quiet neighborhood. This beautiful single story home offers 5 bedrooms, 4 bathrooms and 2 car attached garage. Upon entering, you will find tiled floors and shutters throughout the home. Formal living room with a fireplace. The kitchen has upgraded cabinets with granite countertops and opens into the family room. The private backyard is the perfect spot for entertaining and gardening. Lots of privacy on this lot. This home is close to the Hsi Lai Temple, hiking trails, schools, shopping centers, freeways and much more!

SEE MORE

MARKET HIGHLIGHTS

  • As part of Southern California area, Los Angeles market inherits all the benefits from the area.
  • Southern California's economy is worth $1.58 trillion in Gross Metro Product and projected to grow to $1.67 trillion (USMayors.org, 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 has 58.7% labor force participation rate; within this area, Los Angeles metro has 62.3% labor force participation rate (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)
  • 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: 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
Grazide Elementary School Primary Regular 582 21 8
Glen A. Wilson High School High Regular 1,616 64 9

Grazide Elementary School

  • Education Level: Primary
  • # of students: 582
  • # of teachers: 21
8
GreatSchools Rating

Glen A. Wilson High School

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

$989,100$1,208,900$1,099,000

PURCHASE PRICE

$3,267$3,993$3,630

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,630
EXPENSES Loan Payment -$3,817
Property Tax -$1,120
Property Insurance -$93
Property Management Fees -$178
CASH FLOW
-$1,578

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.

$1,099,000

PROJECTED PRICE

$3,630

PROJECTED RENT

0.33%

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$2.5M$3.0M

PROJECTED ANNUAL CASH FLOW

11530-$25k-$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$2.5M$3.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$296,985

INVESTMENT

$296,985

Down Payment
$274,750
Rehab Estimate
$5,750
Closing Costs
$16,485

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$3,817

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $274,750
Loan Amount $824,250
See What Happens When You Reinvest Cash Flow

0.25

YEARS SAVED

$220

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,630

    LIST RENT
  • $1.32

    LIST RENT PER SQFT
  • $3,576

    COMP ESTIMATED VALUE
  • $1.3

    COMP AVG. RENT PER SQFT
Comps Range
$3,200
1$3,2002$3,2503$3,4504$3,6005$3,630
$3,630
RENT COMPS ANALYSIS
  • 2723 Ticatica Drive Hacienda Heights, CA 5
    • 5 beds 4 baths ∙ 2,751 Sqft ∙ Built 1961 5 beds 4 baths ∙ 2,751 Sqft ∙ Built 1961
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $3,630
    • $1.32
    •  
  • 2647 Sarandi Grande Drive Hacienda Heights, CA 1
    • 4 beds 3 baths ∙ 2,525 Sqft ∙ Built 1968 4 beds 3 baths ∙ 2,525 Sqft ∙ Built 1968
    property image
    LEASED 10/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,200
    • $1.27
    •  
  • 15410 Sunset Ridge Lane Hacienda Heights, CA 2
    • 4 beds 3 baths ∙ 2,447 Sqft ∙ Built 1976 4 beds 3 baths ∙ 2,447 Sqft ∙ Built 1976
    property image
    LEASED 06/22/21
    • Rent
    • Rent Per SQFT
    •  
    • $3,250
    • $1.33
    •  
  • 15361 La Belle Street Hacienda Heights, CA 3
    • 5 beds 3 baths ∙ 2,625 Sqft ∙ Built 1968 5 beds 3 baths ∙ 2,625 Sqft ∙ Built 1968
    property image
    LEASED 06/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,450
    • $1.31
    •  
  • 15850 Los Altos Drive Hacienda Heights, CA 4
    • 5 beds 4 baths ∙ 2,798 Sqft ∙ Built 1962 5 beds 4 baths ∙ 2,798 Sqft ∙ Built 1962
    property image
    LEASED 09/08/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,600
    • $1.29
    •  
PROPERTY LISTING DETAILS
Jennifer Lee
Re/max 2000 Realty
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: WS21136022
Last Updated: 07/11/2021
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