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1061 Pebble Beach Drive Upland, CA 91784

3 Beds 2 Baths 1,575 sqft Built 1982

$579,000

List Price

$2,410

$2.2K - $2.7K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 12, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1982
  • Price/Sqft : $367.62
  • 3 Days on Market
  • MLS # : CV21040846
  • Updated Date : 03/12/2021 at 11:55
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,575 sqft
  • Baths : 2 full
Listing Agent

Century 21 Masters

Listing Agent's Description

Upgraded Single-level condo (no steps) located in the gated Upland Hills Golf Course community. Relax and enjoy the large patio that opens to golf course and snowcapped foothill views! Within the community are five pool/spa areas. This Floor-plan opens to the patio and golf course, very bright and attractive. The flexible floor plan offers a master bedroom with very large walk-in closet, a sizable 2nd bedroom, and a convertible office/bedroom space that serves nicely as office or den. The skylight in center of floor plan allows nice natural light. The living room offers a gorgeous fireplace and built-in wine cabinet, and is adjacent to formal dining area. Kitchen has been highly upgraded and offers breakfast area and windows to golf course view. Porcelain wood appearance flooring. Quality windows and sliders have been installed. Baths upgraded. Other features include mirrored wardrobes, plantation shutters, central a/c and heat, indoor laundry room and two-car attached garage with ample storage. Units like these fly off the shelves so run, don’t delay.

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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)
  • 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: Upland Hills Country Club

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450k500k550k600kPrice in $149k644k

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

Neighborhood: Upland Hills Country Club

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
 

$521,100$636,900$579,000

PURCHASE PRICE

$2,169$2,651$2,410

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,410
EXPENSES Loan Payment -$2,011
Property Tax -$531
Property Insurance -$65
HOA -$350
Property Management Fees -$142
CASH FLOW
-$690

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.

$579,000

PROJECTED PRICE

$2,410

PROJECTED RENT

0.42%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.95%
Appreciation Year (1-5) 6.1%
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$1.4M$1.6M

PROJECTED ANNUAL CASH FLOW

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

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$159,185

INVESTMENT

$159,185

Down Payment
$144,750
Rehab Estimate
$5,750
Closing Costs
$8,685

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 70% down payment or higher enables the proceeds from the asset to cover all costs.

$2,011

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $144,750
Loan Amount $434,250
See What Happens When You Reinvest Cash Flow

0.33

YEARS SAVED

$293

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,410

    LIST RENT
  • $1.53

    LIST RENT PER SQFT
  • $2,264

    COMP ESTIMATED VALUE
  • $1.44

    COMP AVG. RENT PER SQFT
Comps Range
$2,350
1$2,3502$2,4003$2,4004$2,4105$2,800
$2,800
RENT COMPS ANALYSIS
  • 1061 Pebble Beach Drive Upland, CA 4
    • 3 beds 2 baths ∙ 1,575 Sqft ∙ Built 1982 3 beds 2 baths ∙ 1,575 Sqft ∙ Built 1982
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,410
    • $1.53
    •  
  • 1250 Upland Hills Drive Upland, CA 1
    • 3 beds 2 baths ∙ 1,689 Sqft ∙ Built 1989 3 beds 2 baths ∙ 1,689 Sqft ∙ Built 1989
    property image
    LEASED 07/29/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,350
    • $1.39
    •  
  • 1292 Armando Street Upland, CA 2
    • 3 beds 2 baths ∙ 1,560 Sqft ∙ Built 1978 3 beds 2 baths ∙ 1,560 Sqft ∙ Built 1978
    property image
    LEASED 03/23/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,400
    • $1.54
    •  
  • 831 Pebble Beach Drive Upland, CA 3
    • 3 beds 1 baths ∙ 1,776 Sqft ∙ Built 1982 3 beds 1 baths ∙ 1,776 Sqft ∙ Built 1982
    property image
    LEASED 09/12/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,400
    • $1.35
    •  
  • 1007 Viewpoint Street Upland, CA 5
    • 4 beds 3 baths ∙ 1,906 Sqft ∙ Built 1986 4 beds 3 baths ∙ 1,906 Sqft ∙ Built 1986
    property image
    LEASED 09/25/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,800
    • $1.47
    •  
PROPERTY LISTING DETAILS
The Mark & Al Team
Century 21 Masters
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: CV21040846
Last Updated: 03/12/2021
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