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950 Sturbridge Drive La Habra, CA 90631

4 Beds 2 Baths 1,793 sqft Built 1959

$769,000

List Price

$3,200

$3K - $3.5K

Rent Est.

PROPERTY INFO

February 02, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1959
  • Price/Sqft : $428.89
  • 7 Days on Market
  • MLS # : PW21019920
  • Updated Date : 02/04/2021 at 18:29
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,793 sqft
  • Baths : 2 full
Listing Agent

Coldwell Banker Realty

Listing Agent's Description

Take a step back in time to the mid 20th century when life wasn't so fast paced & your neighbors were your friends.This wonderful home gives you the feeling of that time with all the modern conveniences.As you enter the home,you note the gorgeous wood flooring that flows through most of the home.Most rooms also are accented with custom crown molding,tall baseboards & plantation shutters.To the left of the entry is a big,beautiful dining room with ample space for a large dining set.Past the foyer,step into the lovely living room with a huge picture window overlooking the backyard & a custom stone faced fireplace.Just beyond the dining room is the fully remodeled kitchen with crisp white cabinetry topped with granite counters.There's ample cabinet & counter top space & direct access to the attached 2 car garage.The opposite side of the home is the bedroom wing,with the original 3 spacious bedrooms & 2 baths including a master suite with private bath.Extra space was added to the home in the form of a 2nd master suite with private bath & sitting room.This suite also has a kitchenette with white cabinetry with a sink & microwave.This room may be accessed from the bedroom currently used as an office or through a sliding glass door.Great for extended families or a roommate!The serene backyard has an expansive solid roof patio cover with ceiling fan,perfect for your outdoor living room.A big lawn is surrounded by lush vegetation & there's a storage shed.Make this terrific home yours!

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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*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
 

$692,100$845,900$769,000

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 -$2,671
Property Tax -$756
Property Insurance -$70
Property Management Fees -$157
CASH FLOW
-$454

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.

$769,000

PROJECTED PRICE

$3,200

PROJECTED RENT

0.42%

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

PROJECTED ANNUAL CASH FLOW

11530-$10k-$5.0k$0.0$5.0k$10k$15k$20k$25k

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$209,535

INVESTMENT

$209,535

Down Payment
$192,250
Rehab Estimate
$5,750
Closing Costs
$11,535

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,671

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $192,250
Loan Amount $576,750
See What Happens When You Reinvest Cash Flow

2.92

YEARS SAVED

$17,846

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
  • $1.78

    LIST RENT PER SQFT
  • $3,411

    COMP ESTIMATED VALUE
  • $1.9

    COMP AVG. RENT PER SQFT
Comps Range
$2,795
1$2,7952$3,0753$3,2004$3,2005$3,650
$3,650
RENT COMPS ANALYSIS
  • 950 Sturbridge Drive La Habra, CA 4
    • 4 beds 2 baths ∙ 1,793 Sqft ∙ Built 1959 4 beds 2 baths ∙ 1,793 Sqft ∙ Built 1959
    • Rent
    • Rent Per SQFT
    •  
    • $3,200
    • $1.78
    •  
  • 16553 Brass Lantern Drive La Mirada, CA 1
    • 4 beds 2 baths ∙ 1,492 Sqft ∙ Built 1962 4 beds 2 baths ∙ 1,492 Sqft ∙ Built 1962
    LEASED 09/12/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,795
    • $1.87
    •  
  • 2620 W Cobblestone Road La Habra, CA 2
    • 3 beds 2 baths ∙ 1,593 Sqft ∙ Built 1963 3 beds 2 baths ∙ 1,593 Sqft ∙ Built 1963
    LEASED 02/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,075
    • $1.93
    •  
  • 16269 Summershade Drive La Mirada, CA 3
    • 3 beds 2 baths ∙ 1,645 Sqft ∙ Built 1961 3 beds 2 baths ∙ 1,645 Sqft ∙ Built 1961
    LEASED 08/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,200
    • $1.95
    •  
  • 1230 Spring Meadow Lane La Habra, CA 5
    • 4 beds 3 baths ∙ 1,960 Sqft ∙ Built 1964 4 beds 3 baths ∙ 1,960 Sqft ∙ Built 1964
    LEASED 10/18/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,650
    • $1.86
    •  
PROPERTY LISTING DETAILS
Edith Israel
Coldwell Banker Realty
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: PW21019920
Last Updated: 02/04/2021
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