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534 Mondo Drive La Habra Heights, CA 90631

3 Beds 3 Baths 2,116 sqft Built 1971

$839,000

List Price

$3,000

$2.8K - $3.3K

Rent Est.

PROPERTY INFO

January 07, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1971
  • Price/Sqft : $396.50
  • 5 Days on Market
  • MLS # : PW21003008
  • Updated Date : 01/09/2021 at 07:31
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,116 sqft
  • Baths : 3 full
Listing Agent

Showcase Homes, So Cal

Listing Agent's Description

Sprawling single story set on a long driveway and slightly above he street. The side set backs offer a nice side yard, and apart from neighboring homes. This unique neighborhood, offers a tucked away desirable location, yet close to everything La Habra Heights, offers. Courtyard entry, with double door entrance. Living room with fireplace, and dining room. Three bedrooms, main bedroom and bath, with 2 additional bedrooms. Large kitchen, and family room leading to the back yard. Many options for the back yard, and this property boast a nice side yard area, room enough for a pool. This mid-century home is ready for your final touches. You will love the opportunity to enter the back yard from three points, a sliding glass door in the living room, dining room as well as the family room. Manicured yard, covered patio. Over 2100 square, a hard to find one story. You will love the court yard. Add natural light by removing the back yard evergreen shrub, a blank canvas is yours to design. Make this your home!

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*CityMarket2010Year20002019300k400k500k600k700k800k900k1000kPrice in $229k1055k

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

Zip Code: 90631

ZipNIR Market*CityMarket2010Year2000 Q22019 Q218002000220024002600280030003200340036003800Rent in $17143870

* 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
La Habra High School High Magnet 2,230 73 7

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

La Habra High School

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

$755,100$922,900$839,000

PURCHASE PRICE

$2,700$3,300$3,000

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,000
EXPENSES Loan Payment -$2,914
Property Tax -$786
Property Insurance -$78
Property Management Fees -$147
CASH FLOW
-$925

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.

$839,000

PROJECTED PRICE

$3,000

PROJECTED RENT

0.36%

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$500k$1.0M$1.5M$2.0M$2.5M

PROJECTED ANNUAL CASH FLOW

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$500k$1.0M$1.5M$2.0M$2.5M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$228,085

INVESTMENT

$228,085

Down Payment
$209,750
Rehab Estimate
$5,750
Closing Costs
$12,585

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 65% down payment or higher enables the proceeds from the asset to cover all costs.

$2,914

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $209,750
Loan Amount $629,250
See What Happens When You Reinvest Cash Flow

0.67

YEARS SAVED

$2,274

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,000

    LIST RENT
  • $1.42

    LIST RENT PER SQFT
  • $3,222

    COMP ESTIMATED VALUE
  • $1.52

    COMP AVG. RENT PER SQFT
Comps Range
$2,850
1$2,8502$3,0003$3,0504$3,4005$3,500
$3,500
RENT COMPS ANALYSIS
  • 534 Mondo Drive La Habra Heights, CA 2
    • 3 beds 3 baths ∙ 2,116 Sqft ∙ Built 1971 3 beds 3 baths ∙ 2,116 Sqft ∙ Built 1971
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $3,000
    • $1.42
    •  
  • 1271 Citrus Drive La Habra, CA 1
    • 3 beds 2 baths ∙ 1,897 Sqft ∙ Built 1956 3 beds 2 baths ∙ 1,897 Sqft ∙ Built 1956
    property image
    LEASED 11/23/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,850
    • $1.50
    •  
  • 9401 Randall Avenue La Habra, CA 3
    • 3 beds 2 baths ∙ 1,877 Sqft ∙ Built 1955 3 beds 2 baths ∙ 1,877 Sqft ∙ Built 1955
    property image
    LEASED 06/19/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,050
    • $1.62
    •  
  • 3249 Pozo Drive Hacienda Heights, CA 4
    • 4 beds 2 baths ∙ 2,336 Sqft ∙ Built 1973 4 beds 2 baths ∙ 2,336 Sqft ∙ Built 1973
    property image
    LEASED 09/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,400
    • $1.46
    •  
  • 1730 Elmsford Avenue La Habra, CA 5
    • 4 beds 3 baths ∙ 2,312 Sqft ∙ Built 1965 4 beds 3 baths ∙ 2,312 Sqft ∙ Built 1965
    property image
    LEASED 10/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,500
    • $1.51
    •  
PROPERTY LISTING DETAILS
Joyce Leonard
Showcase Homes, So Cal
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: PW21003008
Last Updated: 01/09/2021
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