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1165 Crestbrook Court Diamond Bar, CA 91765

3 Beds 3 Baths 1,884 sqft Built 1987

$899,950

List Price

$3,020

$2.8K - $3.3K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 05, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1987
  • Price/Sqft : $477.68
  • 4 Days on Market
  • MLS # : TR21045591
  • Updated Date : 03/05/2021 at 19:46
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,884 sqft
  • Baths : 3 full
Listing Agent

Shamoon Sikora

Listing Agent's Description

This gorgeous South Diamond Bar Home is nestled in a quiet and peaceful neighborhood that ends in a cul-de-sac. This home is located in the prestigious Walnut School District. Upon entering you will appreciate the elegant open floor plan, bright and airy with high ceiling and upgraded exotic Brazilian cherry Hardwood flooring that flows throughout most of the downstairs rooms and upstairs hallway. Loft upstairs can be easily converted to a fourth bedroom. There is a stunning remodeled kitchen with granite counters and breakfast bar. The kitchen opens to the family room with a custom fireplace. The staircase leads you upstairs which boasts a huge master bedroom with soaring ceiling and a his and her walk in closet. Gorgeous backyard with a custom covered patio. Shed with electrical connections. Pond with waterfall and exotic fruit trees, such as Persimmon and Guavas. New HVAC SYSTEM with heat pump system installed in 2020. 3-car garage has new garage doors installed in 2019. Kitchen plumbing is flexible PVC and rerouted from the slab. Roof inspection and maintenance was completed in 2020 by a licensed roofer. All bedrooms and family room newly painted. New ceiling fans in all bedrooms. This convenient location offers easy access to schools, library, freeways and shops. It is a rare find at a great price in this area. Come take a look and make it yours! Sold as is. Call for a private viewing!!

SEE MORE

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)
  • 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]
  • 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's economy is worth $1.58 trillion in Gross Metro Product and projected to grow to $1.67 trillion (USMayors.org, 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 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: Diamond Bar

NeighborhoodNIR Market*CityMarket2010Year20002019200k250k300k350k400k450k500k550k600k650k700k750k800k850kPrice in $199k856k

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

Neighborhood: Diamond Bar

NeighborhoodNIR Market*CityMarket2010Year2000 Q42019 Q21800200022002400260028003000320034003600Rent in $17843697

* 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
Quail Summit Elementary School Primary Regular 652 23 10
Chaparral Middle School Middle Regular 1,236 46 10
Diamond Bar High School High Regular 3,050 111 9

Quail Summit Elementary School

  • Education Level: Primary
  • # of students: 652
  • # of teachers: 23
10
GreatSchools Rating

Chaparral Middle School

  • Education Level: Middle
  • # of students: 1,236
  • # of teachers: 46
10
GreatSchools Rating

Diamond Bar High School

  • Education Level: High
  • # of students: 3,050
  • # of teachers: 111
9
GreatSchools Rating
 

$809,955$989,945$899,950

PURCHASE PRICE

$2,718$3,322$3,020

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,020
EXPENSES Loan Payment -$3,126
Property Tax -$991
Property Insurance -$73
Property Management Fees -$148
CASH FLOW
-$1,317

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.

$899,950

PROJECTED PRICE

$3,020

PROJECTED RENT

0.34%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.56%
Appreciation Year (1-5) 3.5%
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-$20k-$15k-$10k-$5.0k$0.0$5.0k$10k

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$244,237

INVESTMENT

$244,237

Down Payment
$224,988
Rehab Estimate
$5,750
Closing Costs
$13,499

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$3,126

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $224,988
Loan Amount $674,963
See What Happens When You Reinvest Cash Flow

0.17

YEARS SAVED

$141

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,020

    LIST RENT
  • $1.6

    LIST RENT PER SQFT
  • $2,878

    COMP ESTIMATED VALUE
  • $1.53

    COMP AVG. RENT PER SQFT
Comps Range
$2,600
1$2,6002$2,8003$3,0004$3,0205$3,200
$3,200
RENT COMPS ANALYSIS
  • 1165 Crestbrook Court Diamond Bar, CA 4
    • 3 beds 3 baths ∙ 1,884 Sqft ∙ Built 1987 3 beds 3 baths ∙ 1,884 Sqft ∙ Built 1987
    • Rent
    • Rent Per SQFT
    •  
    • $3,020
    • $1.60
    •  
  • 1121 Pebblewood Drive Diamond Bar, CA 1
    • 3 beds 3 baths ∙ 1,759 Sqft ∙ Built 1986 3 beds 3 baths ∙ 1,759 Sqft ∙ Built 1986
    LEASED 03/23/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,600
    • $1.48
    •  
  • 1251 Longview Drive Diamond Bar, CA 2
    • 3 beds 3 baths ∙ 1,884 Sqft ∙ Built 1986 3 beds 3 baths ∙ 1,884 Sqft ∙ Built 1986
    LEASED 06/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,800
    • $1.49
    •  
  • 1060 Longview Drive Diamond Bar, CA 3
    • 4 beds 3 baths ∙ 1,884 Sqft ∙ Built 1987 4 beds 3 baths ∙ 1,884 Sqft ∙ Built 1987
    LEASED 11/25/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,000
    • $1.59
    •  
  • 1292 Deerfield Place Diamond Bar, CA 5
    • 4 beds 3 baths ∙ 2,064 Sqft ∙ Built 1986 4 beds 3 baths ∙ 2,064 Sqft ∙ Built 1986
    LEASED 12/09/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,200
    • $1.55
    •  
PROPERTY LISTING DETAILS
Shaheen Sikora
Shamoon Sikora
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: TR21045591
Last Updated: 03/05/2021
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