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11087 Pipeline Avenue Pomona, CA 91766

3 Beds 2 Baths 1,387 sqft Built 1979

$560,000

List Price

$2,040

$1.8K - $2.2K

Rent Est.

PROPERTY INFO

December 06, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1979
  • Price/Sqft : $403.75
  • 2 Days on Market
  • MLS # : IV20252082
  • Updated Date : 12/05/2020 at 08:14
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,387 sqft
  • Baths : 2 full
Listing Agent

Vital's Realty Homes And Loans

Listing Agent's Description

This beautifully updated 3 bedroom 2 bathroom house sits on the edge of the Pomona city line, just blocks away from Chino, Montclair, and Ontario. With a spacious layout and open floor plan. Updated showers and kitchen, along with hardwood floors trough out the house. Custom three panel sliding glass door opens the living room for you to enjoy two outdoor space great for entertaining guest. The drive way and garage to get give you space to park even a moderate size RV, take advantage of privacy with a nice retractable gate and beautifully laid brick around the perimeter of the home that boast I’ve 7000 sqft. Lot.

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)
  • 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: Montclair

ZipNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450k500k550k600kPrice in $138k622k

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

Neighborhood: Montclair

ZipNIR 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
Ramona Elementary School Primary Regular 788 29 6
Ramona Elementary School Middle Regular 788 29 6
Montclair High School High Regular 3,034 117 6

Ramona Elementary School

  • Education Level: Primary
  • # of students: 788
  • # of teachers: 29
6
GreatSchools Rating

Ramona Elementary School

  • Education Level: Middle
  • # of students: 788
  • # of teachers: 29
6
GreatSchools Rating

Montclair High School

  • Education Level: High
  • # of students: 3,034
  • # of teachers: 117
6
GreatSchools Rating
 

$504,000$616,000$560,000

PURCHASE PRICE

$1,836$2,244$2,040

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,040
EXPENSES Loan Payment -$2,066
Property Tax -$519
Property Insurance -$61
Property Management Fees -$100
CASH FLOW
-$706

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.

$560,000

PROJECTED PRICE

$2,040

PROJECTED RENT

0.36%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.35%
Appreciation Year (1-5) 7.4%
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

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$154,150

INVESTMENT

$154,150

Down Payment
$140,000
Rehab Estimate
$5,750
Closing Costs
$8,400

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,066

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $140,000
Loan Amount $420,000
See What Happens When You Reinvest Cash Flow

0.67

YEARS SAVED

$1,650

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,040

    LIST RENT
  • $1.47

    LIST RENT PER SQFT
  • $2,091

    COMP ESTIMATED VALUE
  • $1.51

    COMP AVG. RENT PER SQFT
Comps Range
$2,040
1$2,0402$2,2503$2,3004$2,4005$2,495
$2,495
RENT COMPS ANALYSIS
  • 11087 Pipeline Avenue Pomona, CA 1
    • 3 beds 2 baths ∙ 1,387 Sqft ∙ Built 1979 3 beds 2 baths ∙ 1,387 Sqft ∙ Built 1979
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,040
    • $1.47
    •  
  • 4314 Appaloosa Way Montclair, CA 2
    • 3 beds 3 baths ∙ 1,500 Sqft ∙ Built 1999 3 beds 3 baths ∙ 1,500 Sqft ∙ Built 1999
    property image
    LEASED 04/23/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,250
    • $1.50
    •  
  • 4322 Rosewood Street Montclair, CA 3
    • 4 beds 2 baths ∙ 1,615 Sqft ∙ Built 1971 4 beds 2 baths ∙ 1,615 Sqft ∙ Built 1971
    property image
    LEASED 07/03/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,300
    • $1.42
    •  
  • 1352 Joshua Lane Pomona, CA 4
    • 3 beds 2 baths ∙ 1,553 Sqft ∙ Built 1985 3 beds 2 baths ∙ 1,553 Sqft ∙ Built 1985
    property image
    LEASED 06/29/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,400
    • $1.55
    •  
  • 1114 Ringe Court Pomona, CA 5
    • 3 beds 2 baths ∙ 1,600 Sqft ∙ Built 1963 3 beds 2 baths ∙ 1,600 Sqft ∙ Built 1963
    property image
    LEASED 08/14/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,495
    • $1.56
    •  
PROPERTY LISTING DETAILS
Maria Vital
Vital's Realty Homes And Loans
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: IV20252082
Last Updated: 12/05/2020
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