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8136 Shadyside Avenue Whittier, CA 90606

3 Beds 1 Baths 1,024 sqft Built 1952

$488,000

List Price

$2,160

$1.9K - $2.4K

Rent Est.

PROPERTY INFO

FACTS
  • Built In 1952
  • Price/Sqft : $476.56
  • 9 Days on Market
  • MLS # : PW20226508
  • Updated Date : 10/28/2020 at 16:29
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,024 sqft
  • Baths : 1 full
Listing Agent

Susanne B Mendoza, Broker

Listing Agent's Description

Incredible Opportunity in this Classic West Whittier Home with great structure, character, and spacious lot. Featuring 3 Bedrooms, 1 Bath and 1024 Square Feet, this Home's canvas is ready for your personal creative touch. Rear Yard is just over 6500 sq feet. The Covered Patio is perfect for relaxing and the spacious yard has plenty of room for a pool, children's play area or entertaining outdoor amenities - the possibilities are endless to make this your personal oasis. Three Fruit Trees and a beautiful garden, that the owner took great care of, waiting to bloom. Detached 2 Car Garage with newer garage Door. Close to fwy and stores.

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: West Whittier-Los Nietos

NeighborhoodNIR Market*CityMarket2010Year20002019200k250k300k350k400k450k500k550k600kPrice in $153k622k

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

Neighborhood: West Whittier-Los Nietos

NeighborhoodNIR Market*CityMarket2010Year2000 Q42019 Q214001600180020002200240026002800Rent in $13512941

* 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
Pioneer High School High Regular 1,414 57 6

Pioneer High School

  • Education Level: High
  • # of students: 1,414
  • # of teachers: 57
6
GreatSchools Rating
 

$439,200$536,800$488,000

PURCHASE PRICE

$1,944$2,376$2,160

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,160
EXPENSES Loan Payment -$1,801
Property Tax -$536
Property Insurance -$52
Property Management Fees -$106
CASH FLOW
-$334

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.

$488,000

PROJECTED PRICE

$2,160

PROJECTED RENT

0.44%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.35%
Appreciation Year (1-5) 6.3%
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

PROJECTED ANNUAL CASH FLOW

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$135,070

INVESTMENT

$135,070

Down Payment
$122,000
Rehab Estimate
$5,750
Closing Costs
$7,320

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 55% down payment or higher enables the proceeds from the asset to cover all costs.

$1,801

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $122,000
Loan Amount $366,000
See What Happens When You Reinvest Cash Flow

3.08

YEARS SAVED

$13,821

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,160

    LIST RENT
  • $2.11

    LIST RENT PER SQFT
  • $2,278

    COMP ESTIMATED VALUE
  • $2.23

    COMP AVG. RENT PER SQFT
Comps Range
$2,160
1$2,1602$2,4003$2,5004$2,5005$2,850
$2,850
RENT COMPS ANALYSIS
  • 8136 Shadyside Avenue Whittier, CA 1
    • 3 beds 1 baths ∙ 1,024 Sqft ∙ Built 1952 3 beds 1 baths ∙ 1,024 Sqft ∙ Built 1952
    • Rent
    • Rent Per SQFT
    •  
    • $2,160
    • $2.11
    •  
  • 7529 Kengard Avenue Whittier, CA 2
    • 3 beds 1 baths ∙ 1,083 Sqft ∙ Built 1951 3 beds 1 baths ∙ 1,083 Sqft ∙ Built 1951
    LEASED 11/03/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,400
    • $2.22
    •  
  • 8438 Flallon Avenue Whittier, CA 3
    • 3 beds 2 baths ∙ 1,125 Sqft ∙ Built 1954 3 beds 2 baths ∙ 1,125 Sqft ∙ Built 1954
    LEASED 09/04/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $2.22
    •  
  • 6360 Passons Boulevard Pico Rivera, CA 4
    • 3 beds 1 baths ∙ 1,100 Sqft ∙ Built 1950 3 beds 1 baths ∙ 1,100 Sqft ∙ Built 1950
    LEASED 12/07/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $2.27
    •  
  • 10832 El Rey Drive Whittier, CA 5
    • 3 beds 2 baths ∙ 1,304 Sqft ∙ Built 1941 3 beds 2 baths ∙ 1,304 Sqft ∙ Built 1941
    LEASED 07/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,850
    • $2.19
    •  
PROPERTY LISTING DETAILS
Susanne Mendoza
Susanne B Mendoza, Broker
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: PW20226508
Last Updated: 10/28/2020
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