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651 Brookdale Avenue La Habra, CA 90631

3 Beds 2 Baths 1,748 sqft Built 1960

$838,888

List Price

$2,900

$2.7K - $3.2K

Rent Est.

PROPERTY INFO

January 27, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1960
  • Price/Sqft : $479.91
  • 6 Days on Market
  • MLS # : PW21017096
  • Updated Date : 01/26/2021 at 15:54
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,748 sqft
  • Baths : 2 full
Listing Agent

Kase Real Estate

Listing Agent's Description

This home is located in the highly coveted community of North Hills in La Habra. As you walk up to the home you are greeted by the newly upgraded landscaping, masonry, and a beautiful custom iron double door. When you walk in you will find a modern kitchen with granite countertops with a huge movable island, newer laminate flooring, newer stainless steel appliances. This home has it all! A spacious floor plan that flows perfectly throughout. The home features 3 large bedrooms 2 bathrooms. The Master suite has a full bath with a dressing table. Bedrooms share Jack and Jill full bath. There are 2 fireplaces one in the living room and the second in the family room. The backyard has recently been remodeled, the pool has completely been upgraded and remodeled with waterfalls, new plumbing, and pebble tec finish. This is a corner lot, on a private cul-de-sac, has it all, and is move-in ready!

SEE MORE

MARKET HIGHLIGHTS

  • 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.
  • 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)

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
Arbolita Elementary School Primary Regular 389 15 3
Washington Middle School Middle Regular 854 33 4
Sonora High School High Regular 1,924 67 9

Arbolita Elementary School

  • Education Level: Primary
  • # of students: 389
  • # of teachers: 15
3
GreatSchools Rating

Washington Middle School

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

Sonora High School

  • Education Level: High
  • # of students: 1,924
  • # of teachers: 67
9
GreatSchools Rating
 

$754,999$922,777$838,888

PURCHASE PRICE

$2,610$3,190$2,900

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,900
EXPENSES Loan Payment -$2,914
Property Tax -$865
Property Insurance -$69
Property Management Fees -$142
CASH FLOW
-$1,090

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.

$838,888

PROJECTED PRICE

$2,900

PROJECTED RENT

0.35%

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-$20k-$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$2.5M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$228,055

INVESTMENT

$228,055

Down Payment
$209,722
Rehab Estimate
$5,750
Closing Costs
$12,583

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 70% 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 $209,722
Loan Amount $629,166
See What Happens When You Reinvest Cash Flow

0.25

YEARS SAVED

$400

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,900

    LIST RENT
  • $1.66

    LIST RENT PER SQFT
  • $3,190

    COMP ESTIMATED VALUE
  • $1.83

    COMP AVG. RENT PER SQFT
Comps Range
$2,850
1$2,8502$2,8503$2,9004$3,2005$3,200
$3,200
RENT COMPS ANALYSIS
  • 651 Brookdale Avenue La Habra, CA 3
    • 3 beds 2 baths ∙ 1,748 Sqft ∙ Built 1960 3 beds 2 baths ∙ 1,748 Sqft ∙ Built 1960
    • Rent
    • Rent Per SQFT
    •  
    • $2,900
    • $1.66
    •  
  • 1823 Lotus Place Brea, CA 1
    • 4 beds 2 baths ∙ 1,577 Sqft ∙ Built 1973 4 beds 2 baths ∙ 1,577 Sqft ∙ Built 1973
    LEASED 10/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,850
    • $1.81
    •  
  • 431 Sonora Place La Habra, CA 2
    • 3 beds 3 baths ∙ 1,517 Sqft ∙ Built 1957 3 beds 3 baths ∙ 1,517 Sqft ∙ Built 1957
    LEASED 05/11/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,850
    • $1.88
    •  
  • 860 Country Lane La Habra, CA 4
    • 4 beds 3 baths ∙ 1,867 Sqft ∙ Built 1960 4 beds 3 baths ∙ 1,867 Sqft ∙ Built 1960
    LEASED 12/05/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,200
    • $1.71
    •  
  • 1131 Brookdale Avenue La Habra, CA 5
    • 3 beds 1 baths ∙ 1,688 Sqft ∙ Built 1963 3 beds 1 baths ∙ 1,688 Sqft ∙ Built 1963
    LEASED 01/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,200
    • $1.90
    •  
PROPERTY LISTING DETAILS
Jay Figueroa
Kase Real Estate
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: PW21017096
Last Updated: 01/26/2021
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