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105 Gardenia Court Upland, CA 91786

3 Beds 1 Baths 1,789 sqft Built 1958

$689,990

List Price

$2,600

$2.4K - $2.9K

Rent Est.

PROPERTY INFO

January 30, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1958
  • Price/Sqft : $385.68
  • 3 Days on Market
  • MLS # : CV21019204
  • Updated Date : 01/29/2021 at 17:55
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,789 sqft
  • Baths : 1 full
Listing Agent

Realty One Group West

Listing Agent's Description

Stunning Mid Century home on quiet N Upland Cul-de-Sac. This elegant property has been meticulously kept and updated. The contemporary layout is fresh and neutral, with crisp white walls, warm wood flooring and maple accents, and updated dual pane windows. The open concept great room and remodeled kitchen boast a two sided fireplace, gleaming quartz counters, stainless appliances, an abundance of prep surface and storage, large peninsula for bar seating, and an adjoining mud/utility room (housing both gas and electric laundry hook ups). The formal living area with stunning white brick fireplace, is private and relaxing. There are three oversized bedrooms and two baths, including the Master, with two closets, and an en suite with expansive dual sink vanity and glass enclosed shower. The oversized back yard has mature foliage and fruit trees (Avocado, Orange, Lemon, Apple and Peach), block and stone walls with new side gates, raised planting beds and a wonderfully refurbished play structure! The two car drive through garage, re surfaced circular drive, renovated electrical and irrigation, and excellent Upland schools, make this a perfect place to call home!

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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
 

$620,991$758,989$689,990

PURCHASE PRICE

$2,340$2,860$2,600

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,600
EXPENSES Loan Payment -$2,397
Property Tax -$644
Property Insurance -$71
Property Management Fees -$153
CASH FLOW
-$664

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.

$689,990

PROJECTED PRICE

$2,600

PROJECTED RENT

0.38%

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

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$188,597

INVESTMENT

$188,597

Down Payment
$172,498
Rehab Estimate
$5,750
Closing Costs
$10,350

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,397

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $172,498
Loan Amount $517,493
See What Happens When You Reinvest Cash Flow

1.17

YEARS SAVED

$3,373

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,600

    LIST RENT
  • $1.45

    LIST RENT PER SQFT
  • $2,862

    COMP ESTIMATED VALUE
  • $1.6

    COMP AVG. RENT PER SQFT
Comps Range
$2,485
1$2,4852$2,5503$2,6004$2,6505$3,250
$3,250
RENT COMPS ANALYSIS
  • 105 Gardenia Court Upland, CA 3
    • 3 beds 1 baths ∙ 1,789 Sqft ∙ Built 1958 3 beds 1 baths ∙ 1,789 Sqft ∙ Built 1958
    • Rent
    • Rent Per SQFT
    •  
    • $2,600
    • $1.45
    •  
  • 1333 N Ukiah Way Upland, CA 1
    • 3 beds 2 baths ∙ 1,551 Sqft ∙ Built 1961 3 beds 2 baths ∙ 1,551 Sqft ∙ Built 1961
    LEASED 08/07/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,485
    • $1.60
    •  
  • 876 W Emory Court Upland, CA 2
    • 4 beds 2 baths ∙ 1,588 Sqft ∙ Built 1962 4 beds 2 baths ∙ 1,588 Sqft ∙ Built 1962
    LEASED 05/04/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,550
    • $1.61
    •  
  • 880 Emily Court Upland, CA 4
    • 3 beds 2 baths ∙ 1,649 Sqft ∙ Built 1975 3 beds 2 baths ∙ 1,649 Sqft ∙ Built 1975
    LEASED 07/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,650
    • $1.61
    •  
  • 1253 N Ukiah Way Upland, CA 5
    • 4 beds 2 baths ∙ 2,056 Sqft ∙ Built 1957 4 beds 2 baths ∙ 2,056 Sqft ∙ Built 1957
    LEASED 09/08/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,250
    • $1.58
    •  
PROPERTY LISTING DETAILS
Gina Moga
Realty One Group West
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: CV21019204
Last Updated: 01/29/2021
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