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

301 Mountain View Avenue W #101 La Habra, CA 90631

3 Beds 2 Baths 1,120 sqft Built 1987

$398,800

List Price

$2,270

$2K - $2.5K

Rent Est.

PROPERTY INFO

November 10, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1987
  • Price/Sqft : $356.07
  • 7 Days on Market
  • MLS # : PW20235429
  • Updated Date : 11/09/2020 at 20:18
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,120 sqft
  • Baths : 2 full
Listing Agent

T.n.g. Real Estate Consultants

Listing Agent's Description

This beautiful and clean end unit home has been renovated and ready to move in. Boasting a newly remodeled kitchen, new LVP flooring and fresh paint throughout the entire unit. The updated kitchen features a new quartz countertop large peninsula that functions as a breakfast bar while providing tons of work space. Cooking will be a joy with the new stainless oven/stove and built in microwave that are showcased in bright new cabinets. Open floorplan living, dining and kitchen makes it perfect for entertaining. Master bedroom has a lot of natural light and features a private balcony plus his and her closets with mirrored wardrobe doors. Both master and hall baths have tub shower combos, travertine tiles and a granite countertop. Washer and dryer hookups are in the unit for your easy access. Other 2 bedrooms are good sized with large closets with upgraded mirror doors. Central heating and air for all year comfort. Quaint and quiet community boasts a pool and picnic area. Association dues include water and trash. Fullerton Joint is the award winning designated school district. You will not be disappointed!

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • 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.

PRICE & RENT TRENDS

Zip Code: 90631

ZipNIR Market*CityMarket2010Year20002019250k300k350k400k450k500k550k600k650k700kPrice in $217k742k

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

Zip Code: 90631

ZipNIR Market*CityMarket2010Year2000 Q22019 Q218002000220024002600280030003200Rent in $17143345

* 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
Sierra Vista Elementary School Primary Regular 532 20 5
Washington Middle School Middle Regular 854 33 4
La Habra High School High Magnet 2,230 73 7

Sierra Vista Elementary School

  • Education Level: Primary
  • # of students: 532
  • # of teachers: 20
5
GreatSchools Rating

Washington Middle School

  • Education Level: Middle
  • # of students: 854
  • # of teachers: 33
4
GreatSchools Rating

La Habra High School

  • Education Level: High
  • # of students: 2,230
  • # of teachers: 73
7
GreatSchools Rating
 

$358,920$438,680$398,800

PURCHASE PRICE

$2,043$2,497$2,270

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,270
EXPENSES Loan Payment -$1,471
Property Tax -$411
Property Insurance -$54
HOA -$390
Property Management Fees -$111
CASH FLOW
-$168

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.

$398,800

PROJECTED PRICE

$2,270

PROJECTED RENT

0.57%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.24%
Appreciation Year (1-5) 6.6%
Maintenance Year (1-5) 8.00%
Vacancy 5.38%
Length of Stay Years 2

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$200k$400k$600k$800k$1.0M$1.2M

PROJECTED ANNUAL CASH FLOW

11530-$5.0k$0.0$5.0k$10k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$111,432

INVESTMENT

$111,432

Down Payment
$99,700
Rehab Estimate
$5,750
Closing Costs
$5,982

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 55% down payment or higher enables the proceeds from the asset to cover all costs.

$1,471

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $99,700
Loan Amount $299,100
See What Happens When You Reinvest Cash Flow

3.42

YEARS SAVED

$13,723

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,270

    LIST RENT
  • $2.03

    LIST RENT PER SQFT
  • $2,262

    COMP ESTIMATED VALUE
  • $2.02

    COMP AVG. RENT PER SQFT
Comps Range
$2,100
1$2,1002$2,2703$2,5004$2,5005$2,500
$2,500
RENT COMPS ANALYSIS
  • 301 Mountain View Avenue W La Habra, CA 2
    • 3 beds 2 baths ∙ 1,120 Sqft ∙ Built 1987 3 beds 2 baths ∙ 1,120 Sqft ∙ Built 1987
    • Rent
    • Rent Per SQFT
    •  
    • $2,270
    • $2.03
    •  
  • 1210 Lambert Road W La Habra, CA 1
    • 3 beds 1 baths ∙ 1,053 Sqft ∙ Built 1970 3 beds 1 baths ∙ 1,053 Sqft ∙ Built 1970
    LEASED 01/31/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,100
    • $1.99
    •  
  • 924 N Walnut Street La Habra, CA 3
    • 3 beds 3 baths ∙ 1,210 Sqft ∙ Built 2000 3 beds 3 baths ∙ 1,210 Sqft ∙ Built 2000
    LEASED 04/03/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $2.07
    •  
  • 222 S Idaho Street La Habra, CA 4
    • 3 beds 3 baths ∙ 1,234 Sqft ∙ Built 2006 3 beds 3 baths ∙ 1,234 Sqft ∙ Built 2006
    LEASED 05/23/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $2.03
    •  
  • 891 Hartford Lane La Habra, CA 5
    • 3 beds 2 baths ∙ 1,254 Sqft ∙ Built 1975 3 beds 2 baths ∙ 1,254 Sqft ∙ Built 1975
    LEASED 02/21/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $1.99
    •  
PROPERTY LISTING DETAILS
Sunny Choi
T.n.g. Real Estate Consultants
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: PW20235429
Last Updated: 11/09/2020
BESbswy