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1114 N Dixie Drive San Dimas, CA 91773

3 Beds 2 Baths 1,822 sqft Built 1978

$730,000

List Price

$2,720

$2.5K - $3K

Rent Est.

PROPERTY INFO

February 13, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1978
  • Price/Sqft : $400.66
  • 2 Days on Market
  • MLS # : CV21030480
  • Updated Date : 02/13/2021 at 13:59
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,822 sqft
  • Baths : 2 full
Listing Agent

Century 21 Primetime Realtors

Listing Agent's Description

MOVE-IN- READY!!! THIS MUST SEE 3 BEDROOM, 2 BATH, HUGE BONUS ROOM, 2 CAR ATTACHED GARAGE. LARGE FRONT AND BACKYARD LANDSCAPED. LOCATED IN A GREAT NEIGHBORHOOD, BONITA SCHOOL DISTRICT, CLOSE TO 210 FREEWAY. PROPERTY SOLD AS IS. SELLER WILL NOT MAKE ANY REPAIRS. SEEN BY APPOINTMENT.

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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: San Dimas

NeighborhoodNIR Market*CityMarket2010Year20002019200k250k300k350k400k450k500k550k600k650k700k750k800k850kPrice in $199k856k

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

Neighborhood: San Dimas

NeighborhoodNIR Market*CityMarket2010Year2000 Q42019 Q216001800200022002400260028003000320034003600Rent in $15463697

* 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
Shull Elementary School Primary Regular 598 22 10
Lone Hill Middle School Middle Regular 946 36 8
San Dimas High School High Regular 1,363 52 8

Shull Elementary School

  • Education Level: Primary
  • # of students: 598
  • # of teachers: 22
10
GreatSchools Rating

Lone Hill Middle School

  • Education Level: Middle
  • # of students: 946
  • # of teachers: 36
8
GreatSchools Rating

San Dimas High School

  • Education Level: High
  • # of students: 1,363
  • # of teachers: 52
8
GreatSchools Rating
 

$657,000$803,000$730,000

PURCHASE PRICE

$2,448$2,992$2,720

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,720
EXPENSES Loan Payment -$2,536
Property Tax -$724
Property Insurance -$71
Property Management Fees -$133
CASH FLOW
-$744

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.

$730,000

PROJECTED PRICE

$2,720

PROJECTED RENT

0.37%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.56%
Appreciation Year (1-5) 7.0%
Maintenance Year (1-5) 8.00%
Vacancy 5.05%
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-$15k-$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$199,200

INVESTMENT

$199,200

Down Payment
$182,500
Rehab Estimate
$5,750
Closing Costs
$10,950

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,536

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $182,500
Loan Amount $547,500
See What Happens When You Reinvest Cash Flow

1.25

YEARS SAVED

$4,492

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,720

    LIST RENT
  • $1.49

    LIST RENT PER SQFT
  • $2,861

    COMP ESTIMATED VALUE
  • $1.57

    COMP AVG. RENT PER SQFT
Comps Range
$2,350
1$2,3502$2,6953$2,7204$3,0505$3,200
$3,200
RENT COMPS ANALYSIS
  • 1114 N Dixie Drive San Dimas, CA 3
    • 3 beds 2 baths ∙ 1,822 Sqft ∙ Built 1978 3 beds 2 baths ∙ 1,822 Sqft ∙ Built 1978
    • Rent
    • Rent Per SQFT
    •  
    • $2,720
    • $1.49
    •  
  • 318 E Gladstone Street San Dimas, CA 1
    • 3 beds 2 baths ∙ 1,633 Sqft ∙ Built 1962 3 beds 2 baths ∙ 1,633 Sqft ∙ Built 1962
    LEASED 04/05/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,350
    • $1.44
    •  
  • 962 Bidwell Road San Dimas, CA 2
    • 3 beds 3 baths ∙ 1,792 Sqft ∙ Built 1989 3 beds 3 baths ∙ 1,792 Sqft ∙ Built 1989
    LEASED 10/03/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,695
    • $1.50
    •  
  • 918 Bayfield Drive San Dimas, CA 4
    • 3 beds 2 baths ∙ 1,782 Sqft ∙ Built 1975 3 beds 2 baths ∙ 1,782 Sqft ∙ Built 1975
    LEASED 08/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,050
    • $1.71
    •  
  • 234 E 5th Street San Dimas, CA 5
    • 3 beds 1 baths ∙ 1,960 Sqft ∙ Built 1958 3 beds 1 baths ∙ 1,960 Sqft ∙ Built 1958
    LEASED 02/09/21
    • Rent
    • Rent Per SQFT
    •  
    • $3,200
    • $1.63
    •  
PROPERTY LISTING DETAILS
Maria Valadez
Century 21 Primetime Realtors
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: CV21030480
Last Updated: 02/13/2021
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