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3426 Whistler Avenue El Monte, CA 91732

4 Beds 3 Baths 1,911 sqft Built 1991

$628,000

List Price

$2,800

$2.6K - $3.1K

Rent Est.

PROPERTY INFO

October 30, 2020 RECENTLY ADDED
FACTS
  • Built In 1991
  • Price/Sqft : $328.62
  • 7 Days on Market
  • MLS # : WS20227638
  • Updated Date : 10/28/2020 at 13:12
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,911 sqft
  • Baths : 2 full , 1 half
Listing Agent

C-21 Inverness

Listing Agent's Description

Beautiful PUD located in a gated community in North El Monte. Double door entry, laminate wood floors, half bathroom downstairs, spacious living room with fireplace. Kitchen with granite counter top and stainless steel sink. Four bedrooms are all upstairs including one master suite with double sinks bath and walk-in closet. Another full bathroom upstairs. All are laminate wood floors on second floor except the two full bathrooms. Direct access attached two cars garage with one additional assigned parking adjacent to the unit. There is easy maintenance private yard with fruit trees and flowers. Total six units in this gated quiet community. Water heater was replaced in year 2017 with 10 years manufacturers warranty. Upstair two toilets were replaced this year. Garage door was replaced in year 2016. Fence in back yard was replaced in year 2017. New faucet and new garbage disposal in kitchen. Easy access to both 10 and 605 freeway, transportation stop, park, shopping center and school. Low HOA fee of $150/month including trash, common area maintenance and exterior insurance.

SEE MORE

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: River East

NeighborhoodNIR Market*CityMarket2010Year20002019200k250k300k350k400k450k500k550k600kPrice in $153k622k

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

Neighborhood: River East

NeighborhoodNIR Market*CityMarket2010Year2000 Q42019 Q21700180019002000210022002300240025002600270028002900Rent in $16182941

* 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
Baker Elementary School Primary Regular 696 26 4
Madrid Middle School Middle Regular 844 38 3
El Monte High School High Regular 1,869 79 4

Baker Elementary School

  • Education Level: Primary
  • # of students: 696
  • # of teachers: 26
4
GreatSchools Rating

Madrid Middle School

  • Education Level: Middle
  • # of students: 844
  • # of teachers: 38
3
GreatSchools Rating

El Monte High School

  • Education Level: High
  • # of students: 1,869
  • # of teachers: 79
4
GreatSchools Rating
 

$565,200$690,800$628,000

PURCHASE PRICE

$2,520$3,080$2,800

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,800
EXPENSES Loan Payment -$2,317
Property Tax -$745
Property Insurance -$73
Property Management Fees -$137
CASH FLOW
-$472

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 12% of earned rent to cover both maintenance and periods of vacancy.

$628,000

PROJECTED PRICE

$2,800

PROJECTED RENT

0.45%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.35%
Appreciation Year (1-5) 6.4%
Maintenance Year (1-5) 8.00%
Vacancy 4.14%
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$1.4M$1.6M$1.8M

PROJECTED ANNUAL CASH FLOW

11530-$10k-$5.0k$0.0$5.0k$10k$15k$20k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M$1.6M$1.8M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$172,170

INVESTMENT

$172,170

Down Payment
$157,000
Rehab Estimate
$5,750
Closing Costs
$9,420

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 60% down payment or higher enables the proceeds from the asset to cover all costs.

$2,317

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $157,000
Loan Amount $471,000
See What Happens When You Reinvest Cash Flow

2.5

YEARS SAVED

$14,531

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,800

    LIST RENT
  • $1.47

    LIST RENT PER SQFT
  • $2,809

    COMP ESTIMATED VALUE
  • $1.47

    COMP AVG. RENT PER SQFT
Comps Range
$2,550
1$2,5502$2,6003$2,8004$2,8005$2,900
$2,900
RENT COMPS ANALYSIS
  • 3426 Whistler Avenue El Monte, CA 4
    • 4 beds 3 baths ∙ 1,911 Sqft ∙ Built 1991 4 beds 3 baths ∙ 1,911 Sqft ∙ Built 1991
    • Rent
    • Rent Per SQFT
    •  
    • $2,800
    • $1.47
    •  
  • 2910 Maxson Road El Monte, CA 1
    • 4 beds 3 baths ∙ 1,851 Sqft ∙ Built 1989 4 beds 3 baths ∙ 1,851 Sqft ∙ Built 1989
    LEASED 07/08/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,550
    • $1.38
    •  
  • 3480 Whistler Avenue El Monte, CA 2
    • 4 beds 3 baths ∙ 1,672 Sqft ∙ Built 1993 4 beds 3 baths ∙ 1,672 Sqft ∙ Built 1993
    LEASED 05/20/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,600
    • $1.56
    •  
  • 3741 Cogswell Road El Monte, CA 3
    • 4 beds 3 baths ∙ 2,017 Sqft ∙ Built 1991 4 beds 3 baths ∙ 2,017 Sqft ∙ Built 1991
    LEASED 10/22/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,800
    • $1.39
    •  
  • 3795 Muirfield Street El Monte, CA 5
    • 4 beds 3 baths ∙ 1,867 Sqft ∙ Built 1988 4 beds 3 baths ∙ 1,867 Sqft ∙ Built 1988
    LEASED 10/23/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,900
    • $1.55
    •  
PROPERTY LISTING DETAILS
Harold Yang
C-21 Inverness
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: WS20227638
Last Updated: 10/28/2020
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