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1056 Cambrin Road Pomona, CA 91768

4 Beds 2 Baths 1,352 sqft Built 1955

$559,000

List Price

$2,170

$2K - $2.4K

Rent Est.

PROPERTY INFO

October 29, 2020 RECENTLY ADDED
FACTS
  • Built In 1955
  • Price/Sqft : $413.46
  • 7 Days on Market
  • MLS # : IV20227483
  • Updated Date : 10/28/2020 at 14:01
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,352 sqft
  • Baths : 2 full
Listing Agent

Fusion One Realty

Listing Agent's Description

TASTEFULY RENOVATED SELLER SPENT ROUGHLY $100K. ELEGANT AND LUXURIOUS HOME WONDERFUL FOR ENTERTAINING. COMPLETE KITCHEN WITH ATRACTIVE CABINETS, STAINLESS STEEL APPLIANCES, GRANITE COUNTERS WITH BREAKFAST BAR. THE FAMILY ROOM FEATURES A SURROUND SOUND BUILD-IN SPEAKERS AND OPENS INTO THE DINING ROOM WITH A FIREPLACE AND INTO THE KITCHEN. OUTSIDE FEATURES INCLUDE: COVERED PATIO, GAZEBO WITH BUILT-IN BBQ, PERGOLA WITH A CUSTOM OVEN FOR RELAXING AND ENTERTAING, BEAUTIFUL FIRE PIT. CEMENT BLOCK WALLS ALL ARROUND, RV PARKING SPACE AND SECURITY CAMERAS. GREAT FAMILY HOME, PER SELLER APROXIMATE 1,602 SQFT OF LIVING SPACE WITH 4 BEDROOMS AND 2 BATHROOMS. CLOSE TO FREEWAY 10, 57, 71, THIS IS JUST A GREAT HOME YOU DON'T WANT TO LET PASS BY.

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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)
  • 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)
  • 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)

PRICE & RENT TRENDS

Neighborhood: Pomona

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450k500k550k600kPrice in $138k622k

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

Neighborhood: Pomona

NeighborhoodNIR Market*CityMarket2010Year2000 Q42019 Q214001600180020002200240026002800Rent in $12562941

* 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
Arroyo Elementary School Primary Regular 615 24 2
Marshall Middle School Middle Regular 504 21 5
Ganesha High School High Regular 1,131 51 4

Arroyo Elementary School

  • Education Level: Primary
  • # of students: 615
  • # of teachers: 24
2
GreatSchools Rating

Marshall Middle School

  • Education Level: Middle
  • # of students: 504
  • # of teachers: 21
5
GreatSchools Rating

Ganesha High School

  • Education Level: High
  • # of students: 1,131
  • # of teachers: 51
4
GreatSchools Rating
 

$503,100$614,900$559,000

PURCHASE PRICE

$1,953$2,387$2,170

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,170
EXPENSES Loan Payment -$2,062
Property Tax -$613
Property Insurance -$60
Property Management Fees -$106
CASH FLOW
-$671

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.

$559,000

PROJECTED PRICE

$2,170

PROJECTED RENT

0.39%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.35%
Appreciation Year (1-5) 7.8%
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$153,885

INVESTMENT

$153,885

Down Payment
$139,750
Rehab Estimate
$5,750
Closing Costs
$8,385

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,062

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $139,750
Loan Amount $419,250
See What Happens When You Reinvest Cash Flow

0.83

YEARS SAVED

$2,302

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,170

    LIST RENT
  • $1.61

    LIST RENT PER SQFT
  • $2,241

    COMP ESTIMATED VALUE
  • $1.66

    COMP AVG. RENT PER SQFT
Comps Range
$2,090
1$2,0902$2,1703$2,2754$2,3005$2,400
$2,400
RENT COMPS ANALYSIS
  • 1056 Cambrin Road Pomona, CA 2
    • 4 beds 2 baths ∙ 1,352 Sqft ∙ Built 1955 4 beds 2 baths ∙ 1,352 Sqft ∙ Built 1955
    • Rent
    • Rent Per SQFT
    •  
    • $2,170
    • $1.61
    •  
  • 2160 Avalon Avenue Pomona, CA 1
    • 4 beds 2 baths ∙ 1,200 Sqft ∙ Built 1955 4 beds 2 baths ∙ 1,200 Sqft ∙ Built 1955
    LEASED 01/27/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,090
    • $1.74
    •  
  • 1379 Glen Ave Avenue Pomona, CA 3
    • 3 beds 2 baths ∙ 1,396 Sqft ∙ Built 1964 3 beds 2 baths ∙ 1,396 Sqft ∙ Built 1964
    LEASED 12/07/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,275
    • $1.63
    •  
  • 559 Chester Place Pomona, CA 4
    • 3 beds 2 baths ∙ 1,444 Sqft ∙ Built 1940 3 beds 2 baths ∙ 1,444 Sqft ∙ Built 1940
    LEASED 07/21/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,300
    • $1.59
    •  
  • 1846 Denison Street Pomona, CA 5
    • 3 beds 1 baths ∙ 1,434 Sqft ∙ Built 1950 3 beds 1 baths ∙ 1,434 Sqft ∙ Built 1950
    LEASED 08/30/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,400
    • $1.67
    •  
PROPERTY LISTING DETAILS
Roberto Olivas
Fusion One Realty
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: IV20227483
Last Updated: 10/28/2020
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