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880 Whitebook Drive La Habra, CA 90631

4 Beds 3 Baths 2,389 sqft Built 1965

$925,000

List Price

$3,210

$3K - $3.5K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 26, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1965
  • Price/Sqft : $387.19
  • 4 Days on Market
  • MLS # : PW21063048
  • Updated Date : 03/26/2021 at 15:09
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,389 sqft
  • Baths : 2 full , 1 half
Listing Agent

Coast Realty Solutions, Inc.

Listing Agent's Description

Your family's opportunity has arrived--this elegant home has it all! Enter to a light, bright living room and formal dining area, featuring wood floors with a rich inlay pattern. A wood-burning fireplace is surrounded by custom crafted cherry built ins. The roomy kitchen is remodeled with double ovens, quartz countertops and display cabinets, and looks out over a sparkling pool, as well as a second dining area with a garden window and bench seat. A separate family room (with wet bar) provides additional options for entertaining or relaxing with family. The master suite is downstairs, with three expansive mirrored closets, a remodeled master bath, and a travertine walk-in shower. Upstairs are three large bedrooms which look out onto the pool, as well as another full bathroom. The private back yard oasis features a refreshing pool and generous patio cover, surrounded by lush landscaping and newer vinyl fencing. A sturdy utility shed keeps all of your pool and yard equipment safely out of sight. A large utility room is more than enough room for laundry, extra refrigerator, or additional storage. This lovely home is located on a wide, quiet street--walking distance to countless entertainment and dining choices in the La Habra Marketplace and Westridge Plaza, and just a short distance to the Westridge Golf Club. With a place for everyone, this home should not be missed--grab it today!

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
Rancho-starbuck Intermediate School Middle Regular 774 28 8
La Habra High School High Magnet 2,230 73 7

Rancho-starbuck Intermediate School

  • Education Level: Middle
  • # of students: 774
  • # of teachers: 28
8
GreatSchools Rating

La Habra High School

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

$832,500$1,017,500$925,000

PURCHASE PRICE

$2,889$3,531$3,210

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,210
EXPENSES Loan Payment -$3,213
Property Tax -$953
Property Insurance -$85
Property Management Fees -$157
CASH FLOW
-$1,198

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.

$925,000

PROJECTED PRICE

$3,210

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$250,875

INVESTMENT

$250,875

Down Payment
$231,250
Rehab Estimate
$5,750
Closing Costs
$13,875

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$3,213

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $231,250
Loan Amount $693,750
See What Happens When You Reinvest Cash Flow

0.33

YEARS SAVED

$454

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,210

    LIST RENT
  • $1.34

    LIST RENT PER SQFT
  • $3,536

    COMP ESTIMATED VALUE
  • $1.48

    COMP AVG. RENT PER SQFT
Comps Range
$3,100
1$3,1002$3,2103$3,4004$3,5005$3,500
$3,500
RENT COMPS ANALYSIS
  • 880 Whitebook Drive La Habra, CA 2
    • 4 beds 3 baths ∙ 2,389 Sqft ∙ Built 1965 4 beds 3 baths ∙ 2,389 Sqft ∙ Built 1965
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $3,210
    • $1.34
    •  
  • 2366 Applewood Cir Fullerton, CA 1
    • 3 beds 4 baths ∙ 2,040 Sqft ∙ Built 1982 3 beds 4 baths ∙ 2,040 Sqft ∙ Built 1982
    property image
    LEASED 12/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,100
    • $1.52
    •  
  • 711 Kirkwood Lane La Habra, CA 3
    • 3 beds 3 baths ∙ 2,371 Sqft ∙ Built 1969 3 beds 3 baths ∙ 2,371 Sqft ∙ Built 1969
    property image
    LEASED 06/16/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,400
    • $1.43
    •  
  • 1730 Elmsford Avenue La Habra, CA 4
    • 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
    •  
  • 2241 Wimbleton Lane La Habra, CA 5
    • 5 beds 3 baths ∙ 2,404 Sqft ∙ Built 1962 5 beds 3 baths ∙ 2,404 Sqft ∙ Built 1962
    property image
    LEASED 09/11/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,500
    • $1.46
    •  
PROPERTY LISTING DETAILS
Sean Ryan
Coast Realty Solutions, Inc.
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: PW21063048
Last Updated: 03/26/2021
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