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6019 Birdie Drive La Verne, CA 91750

4 Beds 3 Baths 2,239 sqft Built 1986

$899,999

List Price

$3,200

$3K - $3.5K

Rent Est.

PROPERTY INFO

December 06, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1986
  • Price/Sqft : $401.96
  • 2 Days on Market
  • MLS # : CV20252276
  • Updated Date : 12/05/2020 at 17:41
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,239 sqft
  • Baths : 3 full
Listing Agent

El Sol Real Estate

Listing Agent's Description

This spacious North La Verne home has 2,239 square feet of living space. This open, large, and beautiful two-story house has a bedroom and full bath on the first floor, a convenient living space that can double as a den or office. The elegant entry features hardwood floors that drop down to the living room. The living room has expansive and high windows which allow lots of natural light to enter. The kitchen is updated with granite counter tops and an island stove. The cozy family room is adjacent to the kitchen, which allows for fun family gatherings and the making of beautiful memories. The dedicated laundry room has a large sink and cabinet space, along with a high end washer and dryer. The second story has an expansive master suite featuring double sinks, a soaking tub and a separate shower, with a large walk in closet. The top floor has two additional bedrooms and a full bath with shower tub. The gorgeous landscaping is surrounded by expansive land and absolutely breathtaking mountain vistas, with no homes built behind it to obstruct those views. The inviting patio will make you want to spend time outside in the sunshine. It is perfect for family fun or kids at play. This home has a three car garage and is located near Schools, Parks & Colleges. Shopping centers are conveniently located and freeways are nearby. Don't miss out on this blank canvas and the opportunity to shape it into your dream home.

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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: North la Verne

NeighborhoodNIR Market*CityMarket2010Year20002019200k250k300k350k400k450k500k550k600k650k700k750k800k850kPrice in $199k856k

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

Neighborhood: North la Verne

NeighborhoodNIR Market*CityMarket2010Year2000 Q42019 Q21800200022002400260028003000320034003600Rent in $16243697

* 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
Oak Mesa Elementary School Primary Regular 585 23 10
Ramona Middle School Middle Regular 1,406 51 9
Bonita High School High Regular 1,968 74 9

Oak Mesa Elementary School

  • Education Level: Primary
  • # of students: 585
  • # of teachers: 23
10
GreatSchools Rating

Ramona Middle School

  • Education Level: Middle
  • # of students: 1,406
  • # of teachers: 51
9
GreatSchools Rating

Bonita High School

  • Education Level: High
  • # of students: 1,968
  • # of teachers: 74
9
GreatSchools Rating
 

$809,999$989,999$899,999

PURCHASE PRICE

$2,880$3,520$3,200

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,200
EXPENSES Loan Payment -$3,321
Property Tax -$894
Property Insurance -$81
Property Management Fees -$157
CASH FLOW
-$1,253

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.

$899,999

PROJECTED PRICE

$3,200

PROJECTED RENT

0.36%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.56%
Appreciation Year (1-5) 4.3%
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

PROJECTED ANNUAL CASH FLOW

11530-$20k-$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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$244,250

INVESTMENT

$244,250

Down Payment
$225,000
Rehab Estimate
$5,750
Closing Costs
$13,500

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$3,321

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $225,000
Loan Amount $674,999
See What Happens When You Reinvest Cash Flow

0.33

YEARS SAVED

$880

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,200

    LIST RENT
  • $1.43

    LIST RENT PER SQFT
  • $3,403

    COMP ESTIMATED VALUE
  • $1.52

    COMP AVG. RENT PER SQFT
Comps Range
$3,100
1$3,1002$3,2003$3,2004$3,3005$3,525
$3,525
RENT COMPS ANALYSIS
  • 6019 Birdie Drive La Verne, CA 3
    • 4 beds 3 baths ∙ 2,239 Sqft ∙ Built 1986 4 beds 3 baths ∙ 2,239 Sqft ∙ Built 1986
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $3,200
    • $1.43
    •  
  • 6043 Birdie Drive La Verne, CA 1
    • 3 beds 3 baths ∙ 1,949 Sqft ∙ Built 1986 3 beds 3 baths ∙ 1,949 Sqft ∙ Built 1986
    property image
    LEASED 06/29/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,100
    • $1.59
    •  
  • 1162 Oak Knoll Ter La Verne, CA 2
    • 4 beds 2 baths ∙ 2,224 Sqft ∙ Built 1973 4 beds 2 baths ∙ 2,224 Sqft ∙ Built 1973
    property image
    LEASED 02/04/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,200
    • $1.44
    •  
  • 2156 Driver Lane La Verne, CA 4
    • 4 beds 3 baths ∙ 2,287 Sqft ∙ Built 1981 4 beds 3 baths ∙ 2,287 Sqft ∙ Built 1981
    property image
    LEASED 08/26/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,300
    • $1.44
    •  
  • 1806 Orangewood Street La Verne, CA 5
    • 4 beds 3 baths ∙ 2,183 Sqft ∙ Built 1985 4 beds 3 baths ∙ 2,183 Sqft ∙ Built 1985
    property image
    LEASED 08/16/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,525
    • $1.61
    •  
PROPERTY LISTING DETAILS
Belinda Riesgo
El Sol Real Estate
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: CV20252276
Last Updated: 12/05/2020
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