Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more

9803 Armley Avenue Whittier, CA 90604

3 Beds 1 Baths 1,045 sqft Built 1951

$599,000

List Price

$2,310

$2.1K - $2.5K

Rent Est.

PROPERTY INFO

November 27, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1951
  • Price/Sqft : $573.21
  • 3 Days on Market
  • MLS # : PW20247317
  • Updated Date : 11/28/2020 at 11:50
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,045 sqft
  • Baths : 1 full
Listing Agent

First Team Real Estate

Listing Agent's Description

Beautiful highly updated 3 bedroom / 1 bath home located in a beautiful interior tract location just blocks from Cal High School! Large flat usable 6,000 square foot lot with huge backyard. New Kitchen, with new cabinets, ALL new appliances, beautiful quartz counters, updated Bathroom with same great cabinets and quartz counters. New Flooring throughout. New Exterior Doors (Front & Back), New Interior Doors, New Vinyl Dual Pane Windows, New paint interior & exterior, New updated fireplace, New light fixtures and recessed lighting throughout. finished (new drywall) detached two car garage with new automatic garage opener. Existing features: Block wall fencing with beautiful wrought iron gate, long driveway (able to park multiple cars or RV, boat), forced AC and heat, newer ducting, newer 200 amp electrical panel, newer copper plumbing (supply lines), newer water heater, charming covered porch. Full Section One termite work completed with clearance! This is truly a beautiful home!

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • 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)

PRICE & RENT TRENDS

Neighborhood: South Whittier

NeighborhoodNIR Market*CityMarket2010Year20002019200k250k300k350k400k450k500k550k600kPrice in $153k622k

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

Neighborhood: South Whittier

NeighborhoodNIR Market*CityMarket2010Year2000 Q42019 Q214001600180020002200240026002800Rent in $13892941

* 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
Mulberry Elementary School Primary Regular 620 25 7
Hillview Middle School Middle Regular 676 31 6
California High School High Regular 2,955 103 7

Mulberry Elementary School

  • Education Level: Primary
  • # of students: 620
  • # of teachers: 25
7
GreatSchools Rating

Hillview Middle School

  • Education Level: Middle
  • # of students: 676
  • # of teachers: 31
6
GreatSchools Rating

California High School

  • Education Level: High
  • # of students: 2,955
  • # of teachers: 103
7
GreatSchools Rating
 

$539,100$658,900$599,000

PURCHASE PRICE

$2,079$2,541$2,310

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,310
EXPENSES Loan Payment -$2,210
Property Tax -$633
Property Insurance -$52
Property Management Fees -$113
CASH FLOW
-$698

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.

$599,000

PROJECTED PRICE

$2,310

PROJECTED RENT

0.39%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.35%
Appreciation Year (1-5) 7.0%
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$1.6M$1.8M

PROJECTED ANNUAL CASH FLOW

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M$1.6M$1.8M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$164,485

INVESTMENT

$164,485

Down Payment
$149,750
Rehab Estimate
$5,750
Closing Costs
$8,985

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 65% down payment or higher enables the proceeds from the asset to cover all costs.

$2,210

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $149,750
Loan Amount $449,250
See What Happens When You Reinvest Cash Flow

1.08

YEARS SAVED

$3,085

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,310

    LIST RENT
  • $2.21

    LIST RENT PER SQFT
  • $1,865

    COMP ESTIMATED VALUE
  • $1.79

    COMP AVG. RENT PER SQFT
Comps Range
$2,310
1$2,3102$2,4003$2,450
$2,450
RENT COMPS ANALYSIS
  • 9803 Armley Avenue Whittier, CA 1
    • 3 beds 1 baths ∙ 1,045 Sqft ∙ Built 1951 3 beds 1 baths ∙ 1,045 Sqft ∙ Built 1951
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,310
    • $2.21
    •  
  • 10611 La Alba Drive Whittier, CA 2
    • 3 beds 1 baths ∙ 1,333 Sqft ∙ Built 1954 3 beds 1 baths ∙ 1,333 Sqft ∙ Built 1954
    property image
    LEASED 09/25/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,400
    • $1.80
    •  
  • 10633 Woodstead Avenue Whittier, CA 3
    • 3 beds 1 baths ∙ 1,386 Sqft ∙ Built 1954 3 beds 1 baths ∙ 1,386 Sqft ∙ Built 1954
    property image
    LEASED 06/21/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,450
    • $1.77
    •  
PROPERTY LISTING DETAILS
Rommy Poling
First Team Real Estate
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: PW20247317
Last Updated: 11/28/2020
BESbswy