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10482 Alta Loma Drive Rancho Cucamonga, CA 91737

3 Beds 2 Baths 1,514 sqft Built 1969

$425,000

List Price

$2,270

$2K - $2.5K

Rent Est.

PROPERTY INFO

February 02, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1969
  • Price/Sqft : $280.71
  • 7 Days on Market
  • MLS # : CV21018399
  • Updated Date : 02/05/2021 at 11:51
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,514 sqft
  • Baths : 2 full
Listing Agent

Wheeler Steffen Sotheby's Int.

Listing Agent's Description

COVETED ALTA LOMA GARDENS MID CENTURY LIVING. "Hawaiian Style" single story, detached, end unit condominium on a big private landscaped lot. Prime lot on an elevated cul-de-sac enjoys picturesque views of the hills to the south. Enjoy a sun lit floor plan with vaulted beamed ceilings and wall-to-wall glass windows. 3 bedrooms & 2 baths. Newly & tastefully renovated kitchen and baths. Open concept floor plan with fireplace. Extensive dual pane windows and doors. Reverse osmosis water system. Spacious indoor laundry room. 2-car carport plus plenty of guest parking. Tranquil common grounds include a community pool, giant trees and exotic plants, and more. Your own private oasis! HOA dues are $470/monthly. FHA friendly. Septic tank just inspected & certified. Prime locale near shopping and transportation.

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)
  • 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.

PRICE & RENT TRENDS

Neighborhood: Alta Loma

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450k500k550k600k650k700k750kPrice in $149k785k

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

Neighborhood: Alta Loma

NeighborhoodNIR Market*CityMarket2010Year2000 Q22019 Q2120014001600180020002200240026002800Rent in $10822925

* 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
Vineyard Junior High School Middle Regular 752 27 9
Los Osos High School High Regular 3,211 114 9
Los Osos High School High Unknown NA

Vineyard Junior High School

  • Education Level: Middle
  • # of students: 752
  • # of teachers: 27
9
GreatSchools Rating

Los Osos High School

  • Education Level: High
  • # of students: 3,211
  • # of teachers: 114
9
GreatSchools Rating

Los Osos High School

  • Education Level: High
  • # of students:
  • # of teachers:
NA
GreatSchools Rating
 

$382,500$467,500$425,000

PURCHASE PRICE

$2,043$2,497$2,270

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,270
EXPENSES Loan Payment -$1,476
Property Tax -$399
Property Insurance -$64
HOA -$470
Property Management Fees -$134
CASH FLOW
-$273

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.

$425,000

PROJECTED PRICE

$2,270

PROJECTED RENT

0.53%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.95%
Appreciation Year (1-5) 5.5%
Maintenance Year (1-5) 8.00%
Vacancy 5.35%
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

PROJECTED ANNUAL CASH FLOW

11530-$8.0k-$6.0k-$4.0k-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$118,375

INVESTMENT

$118,375

Down Payment
$106,250
Rehab Estimate
$5,750
Closing Costs
$6,375

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 60% down payment or higher enables the proceeds from the asset to cover all costs.

$1,476

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $106,250
Loan Amount $318,750
See What Happens When You Reinvest Cash Flow

1.67

YEARS SAVED

$4,763

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,270

    LIST RENT
  • $1.5

    LIST RENT PER SQFT
  • $2,320

    COMP ESTIMATED VALUE
  • $1.53

    COMP AVG. RENT PER SQFT
Comps Range
$2,270
1$2,2702$2,4003$2,5004$2,5005$2,700
$2,700
RENT COMPS ANALYSIS
  • 10482 Alta Loma Drive Alta Loma, CA 1
    • 3 beds 2 baths ∙ 1,514 Sqft ∙ Built 1969 3 beds 2 baths ∙ 1,514 Sqft ∙ Built 1969
    • Rent
    • Rent Per SQFT
    •  
    • $2,270
    • $1.50
    •  
  • 11089 Carlow Court Rancho Cucamonga, CA 2
    • 4 beds 3 baths ∙ 1,650 Sqft ∙ Built 1988 4 beds 3 baths ∙ 1,650 Sqft ∙ Built 1988
    LEASED 03/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,400
    • $1.45
    •  
  • 6763 Berkshire Avenue Rancho Cucamonga, CA 3
    • 4 beds 2 baths ∙ 1,635 Sqft ∙ Built 1977 4 beds 2 baths ∙ 1,635 Sqft ∙ Built 1977
    LEASED 05/05/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $1.53
    •  
  • 6590 Purdue Ct Rancho Cucamonga, CA 4
    • 4 beds 3 baths ∙ 1,650 Sqft ∙ Built 1989 4 beds 3 baths ∙ 1,650 Sqft ∙ Built 1989
    LEASED 01/29/21
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $1.52
    •  
  • 6143 Dakota Avenue Rancho Cucamonga, CA 5
    • 3 beds 3 baths ∙ 1,656 Sqft ∙ Built 1987 3 beds 3 baths ∙ 1,656 Sqft ∙ Built 1987
    LEASED 12/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,700
    • $1.63
    •  
PROPERTY LISTING DETAILS
Geoffrey Hamill
Wheeler Steffen Sotheby's Int.
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: CV21018399
Last Updated: 02/05/2021
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