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3426 Whistler Avenue El Monte, CA 91732

4 Beds 3 Baths 1,911 sqft Built 1991

$658,000

List Price

$2,620

$2.4K - $2.9K

Rent Est.

PROPERTY INFO

February 13, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1991
  • Price/Sqft : $344.32
  • 3 Days on Market
  • MLS # : WS21029537
  • Updated Date : 02/13/2021 at 11:39
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,911 sqft
  • Baths : 2 full , 1 half
Listing Agent

Stanford Raffles Commercial

Listing Agent's Description

Beautiful 4 bedroom 2.5 bathroom PUD located in a gated community. Double door entry, laminate wood floors, half bathroom downstairs, spacious living room with fireplace. Kitchen with granite counter top and stainless steel sink. Easy maintenance private yard with fruit trees and flowers. Water heater was replaced in 2017. Garage door was replaced in 2016. 5 private parking space(2 inside garage, 3 outside garage). 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
 

$592,200$723,800$658,000

PURCHASE PRICE

$2,358$2,882$2,620

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,620
EXPENSES Loan Payment -$2,285
Property Tax -$781
Property Insurance -$73
HOA -$150
Property Management Fees -$128
CASH FLOW
-$798

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.

$658,000

PROJECTED PRICE

$2,620

PROJECTED RENT

0.40%

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$500k$1.0M$1.5M$2.0M

PROJECTED ANNUAL CASH FLOW

11530-$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$180,120

INVESTMENT

$180,120

Down Payment
$164,500
Rehab Estimate
$5,750
Closing Costs
$9,870

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,285

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $164,500
Loan Amount $493,500
See What Happens When You Reinvest Cash Flow

0.5

YEARS SAVED

$1,078

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,620

    LIST RENT
  • $1.37

    LIST RENT PER SQFT
  • $2,879

    COMP ESTIMATED VALUE
  • $1.51

    COMP AVG. RENT PER SQFT
Comps Range
$2,600
1$2,6002$2,6203$2,8004$2,800
$2,800
RENT COMPS ANALYSIS
  • 3426 Whistler Avenue El Monte, CA 2
    • 4 beds 3 baths ∙ 1,911 Sqft ∙ Built 1991 4 beds 3 baths ∙ 1,911 Sqft ∙ Built 1991
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,620
    • $1.37
    •  
  • 3893 Durfee Avenue El Monte, CA 1
    • 4 beds 3 baths ∙ 1,595 Sqft ∙ Built 2003 4 beds 3 baths ∙ 1,595 Sqft ∙ Built 2003
    property image
    LEASED 11/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,600
    • $1.63
    •  
  • 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
    property image
    LEASED 12/18/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,800
    • $1.39
    •  
  • 3795 Muirfield Street El Monte, CA 4
    • 4 beds 3 baths ∙ 1,867 Sqft ∙ Built 1988 4 beds 3 baths ∙ 1,867 Sqft ∙ Built 1988
    property image
    LEASED 12/07/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,800
    • $1.50
    •  
PROPERTY LISTING DETAILS
Yanan Zhang
Stanford Raffles Commercial
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: WS21029537
Last Updated: 02/13/2021
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