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11841 Telephone Avenue Chino, CA 91710

3 Beds 2 Baths 1,875 sqft Built 1949

$600,000

List Price

$2,460

$2.2K - $2.7K

Rent Est.

PROPERTY INFO

FACTS
  • Single Family
  • Built In 1949
  • Price/Sqft : $320.00
  • 18 Days on Market
  • MLS # : TR21008636
  • Updated Date : 01/30/2021 at 05:15
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,875 sqft
  • Baths : 1 full , 1 half
Listing Agent

Century 21 Home

Listing Agent's Description

Unique opportunity in the heart of Chino. 3 bedroom 1.5 bath home on a huge 28,000 sqft corner lot. Home is in need of repairs, including a new roof and major work on the long-time empty pool. The floorplan is roomy with large living and family rooms with fireplaces. There's a "pool house" on the north side of the house that likely needs to be torn down. The lot is the true gem on this property with access from all sides for storage, RVs, boats, etc. 4 car garage faces the side street which allows for easy in and out and parking. Back of the property is goes to the corner of Craw and Synder. Lot is likely able to be split and allow for the building of another home or an RV garage, workshop, etc. Buyer to satisfy themselves with zoning etc. The possibilities are endless.

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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)
  • 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.
  • 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)

PRICE & RENT TRENDS

Neighborhood: Chino

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450k500k550kPrice in $143k560k

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

Neighborhood: Chino

NeighborhoodNIR Market*CityMarket2010Year2000 Q22019 Q21100120013001400150016001700180019002000210022002300Rent in $10762394

* 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
E. J. Marshall Elementary School Primary Regular 484 19 4
E. J. Marshall Elementary School Middle Regular 484 19 4
Don Antonio Lugo High School High Regular 1,745 81 5

E. J. Marshall Elementary School

  • Education Level: Primary
  • # of students: 484
  • # of teachers: 19
4
GreatSchools Rating

E. J. Marshall Elementary School

  • Education Level: Middle
  • # of students: 484
  • # of teachers: 19
4
GreatSchools Rating

Don Antonio Lugo High School

  • Education Level: High
  • # of students: 1,745
  • # of teachers: 81
5
GreatSchools Rating
 

$540,000$660,000$600,000

PURCHASE PRICE

$2,214$2,706$2,460

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,460
EXPENSES Loan Payment -$2,084
Property Tax -$549
Property Insurance -$73
Property Management Fees -$145
CASH FLOW
-$391

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.

$600,000

PROJECTED PRICE

$2,460

PROJECTED RENT

0.41%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.96%
Appreciation Year (1-5) 6.7%
Maintenance Year (1-5) 8.00%
Vacancy 5.43%
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$15k

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$164,750

INVESTMENT

$164,750

Down Payment
$150,000
Rehab Estimate
$5,750
Closing Costs
$9,000

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 60% down payment or higher enables the proceeds from the asset to cover all costs.

$2,084

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $150,000
Loan Amount $450,000
See What Happens When You Reinvest Cash Flow

2.33

YEARS SAVED

$10,198

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,460

    LIST RENT
  • $1.31

    LIST RENT PER SQFT
  • $2,256

    COMP ESTIMATED VALUE
  • $1.2

    COMP AVG. RENT PER SQFT
Comps Range
$2,100
1$2,1002$2,3003$2,3004$2,460
$2,460
RENT COMPS ANALYSIS
  • 11841 Telephone Avenue Chino, CA 4
    • 3 beds 2 baths ∙ 1,875 Sqft ∙ Built 1949 3 beds 2 baths ∙ 1,875 Sqft ∙ Built 1949
    • Rent
    • Rent Per SQFT
    •  
    • $2,460
    • $1.31
    •  
  • 4973 S Francis Avenue S Chino, CA 1
    • 3 beds 2 baths ∙ 1,806 Sqft ∙ Built 1953 3 beds 2 baths ∙ 1,806 Sqft ∙ Built 1953
    LEASED 02/26/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,100
    • $1.16
    •  
  • 1310 W Francis Street Ontario, CA 2
    • 3 beds 1 baths ∙ 2,152 Sqft ∙ Built 1956 3 beds 1 baths ∙ 2,152 Sqft ∙ Built 1956
    LEASED 09/28/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,300
    • $1.07
    •  
  • 12484 Catalpa Avenue Chino, CA 3
    • 4 beds 2 baths ∙ 1,664 Sqft ∙ Built 1964 4 beds 2 baths ∙ 1,664 Sqft ∙ Built 1964
    LEASED 03/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,300
    • $1.38
    •  
PROPERTY LISTING DETAILS
Candida Echeverria
Century 21 Home
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: TR21008636
Last Updated: 01/30/2021
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