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1019 W Aster Street Upland, CA 91786

4 Beds 4 Baths 2,267 sqft Built 1975

$748,500

List Price

$3,220

$3K - $3.5K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 24, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1975
  • Price/Sqft : $330.17
  • 6 Days on Market
  • MLS # : CV21061226
  • Updated Date : 03/24/2021 at 09:50
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,267 sqft
  • Baths : 3 full , 1 half
Listing Agent

Listingexecutives.com

Listing Agent's Description

Wonderful 4-bedroom 3.5 bath pool home situated on almost 10,000 sq. ft.! This home is very well kept with freshly painted interior, new luxury vinyl plank (LVP) flooring nicely combined with wood flooring, new carpet in the bedrooms, new roof, 200-amp electrical service with new panel, plumbing upgraded to copper throughout house and a full solar setup. The quaint outdoor courtyard with custom sofa swing leads to a formal entry with a spacious formal living room & formal dining room. Kitchen shows light & bright with nice cabinetry, recessed lighting, and stainless appliances that are included. Kitchen opens to a nicely sized second dining room followed by a large theatre room with custom-built entertainment center. Off to the side is an enclosed gym with a covered spa. Upper-level master suite has a walk-in closet, fireplace, bathroom with his and her sinks and vanity with shower. The rest of the upper level has another restroom with 3 nice size bedrooms. The backyard amenities include a beautiful mountain view, wonderful outdoor enjoyment with a custom-built BBQ, covered patio, sparkling pool with an outdoor restroom, all nicely surrounded with palm trees. Side yard has RV parking with full hook-ups including 30-amp electric and sewer dump. This home has a 3-car garage w/ generous driveway parking. Don’t miss out, this one will go fast.

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • 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]
  • 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, Inland Empire market inherits all the benefits from the area.
  • 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)

PRICE & RENT TRENDS

Neighborhood: Upland

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450k500k550k600kPrice in $143k642k

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

Neighborhood: Upland

NeighborhoodNIR Market*CityMarket2010Year2000 Q22019 Q21200140016001800200022002400Rent in $10822575

* 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 Junior High School Middle Regular 928 37 9
Upland High School High Regular 3,456 137 7

Pioneer Junior High School

  • Education Level: Middle
  • # of students: 928
  • # of teachers: 37
9
GreatSchools Rating

Upland High School

  • Education Level: High
  • # of students: 3,456
  • # of teachers: 137
7
GreatSchools Rating
 

$673,650$823,350$748,500

PURCHASE PRICE

$2,898$3,542$3,220

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,220
EXPENSES Loan Payment -$2,600
Property Tax -$699
Property Insurance -$82
Property Management Fees -$190
CASH FLOW
-$350

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.

$748,500

PROJECTED PRICE

$3,220

PROJECTED RENT

0.43%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.96%
Appreciation Year (1-5) 6.1%
Maintenance Year (1-5) 8.00%
Vacancy 5.43%
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$204,103

INVESTMENT

$204,103

Down Payment
$187,125
Rehab Estimate
$5,750
Closing Costs
$11,228

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,600

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $187,125
Loan Amount $561,375
See What Happens When You Reinvest Cash Flow

3.33

YEARS SAVED

$20,763

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,220

    LIST RENT
  • $1.42

    LIST RENT PER SQFT
  • $3,196

    COMP ESTIMATED VALUE
  • $1.41

    COMP AVG. RENT PER SQFT
Comps Range
$2,850
1$2,8502$2,9253$3,2204$3,3005$3,400
$3,400
RENT COMPS ANALYSIS
  • 1019 W Aster Street Upland, CA 3
    • 4 beds 4 baths ∙ 2,267 Sqft ∙ Built 1975 4 beds 4 baths ∙ 2,267 Sqft ∙ Built 1975
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $3,220
    • $1.42
    •  
  • 1228 Diana Court Upland, CA 1
    • 4 beds 2 baths ∙ 2,030 Sqft ∙ Built 1977 4 beds 2 baths ∙ 2,030 Sqft ∙ Built 1977
    property image
    LEASED 04/23/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,850
    • $1.40
    •  
  • 1845 Mulberry Way Upland, CA 2
    • 4 beds 3 baths ∙ 2,262 Sqft ∙ Built 1975 4 beds 3 baths ∙ 2,262 Sqft ∙ Built 1975
    property image
    LEASED 12/19/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,925
    • $1.29
    •  
  • 588 W 17th Street Upland, CA 4
    • 4 beds 2 baths ∙ 2,239 Sqft ∙ Built 1970 4 beds 2 baths ∙ 2,239 Sqft ∙ Built 1970
    property image
    LEASED 06/25/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,300
    • $1.47
    •  
  • 1866 Wilson Avenue Upland, CA 5
    • 5 beds 3 baths ∙ 2,294 Sqft ∙ Built 1981 5 beds 3 baths ∙ 2,294 Sqft ∙ Built 1981
    property image
    LEASED 05/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,400
    • $1.48
    •  
PROPERTY LISTING DETAILS
Gilbert Holguin
Listingexecutives.com
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: CV21061226
Last Updated: 03/24/2021
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