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1205 Los Robles Place Pomona, CA 91768

4 Beds 2 Baths 2,572 sqft Built 1978

$795,000

List Price

$2,960

$2.7K - $3.2K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 12, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1978
  • Price/Sqft : $309.10
  • 6 Days on Market
  • MLS # : IV21045863
  • Updated Date : 03/12/2021 at 14:01
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,572 sqft
  • Baths : 2 full
Listing Agent

The Western Group Real Estate

Listing Agent's Description

Beautiful almost 2600 square foot custom built single story 4 bedroom 2 bath in Prestigious Ganesha Hills neighborhood. This is your chance to live up in the most prestigious part of Pomona in Quiet surroundings in the little known pocket of luxury living that has been sought out by many. Sitting on a corner end lot of a cul-de-sac street. This beautiful custom built home has a very open floor plan with two fireplaces. You first enter into the foyer area into the formal livingroom then through the dining room to the kitchen or familyroom for very cozy nights with the family in front of the stone wood burning gas fireplace. There are two fireplaces. One in the Livingroom and a lovely stone fireplace in the Family room. Master bedroom is huge with walkin closet. The kitchen has just been fitted with new granite counter tops, all brand new appliances, stainless sinks, and the whole house has new flooring throughout. The inside seperate laundry room is very big in size. There is a extra large three car garage and as an extra bonus, there is an approx. 11 X 27 ft unpermitted finished attic above the garage that was used as a full office set up.(not included in square footage and unpermitted) The attic areas off the upstairs bonus room has a ton of stoarge area for Christmas decorations and anything else that needs to be stored in a dry tucked away area. Additonally , there is a workshop in the back for hobbies or tools.

SEE MORE

MARKET HIGHLIGHTS

  • Southern California area contributes to 55.3% of California state economy i.e. Gross State Product (USMayors.org, 2018)
  • As part of Southern California area, Los Angeles market inherits all the benefits from the area.
  • 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)
  • 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)
  • 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)

PRICE & RENT TRENDS

Neighborhood: Pomona

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450k500k550k600kPrice in $138k622k

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

Neighborhood: Pomona

NeighborhoodNIR 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
Marshall Middle School Middle Regular 504 21 5
Ganesha High School High Regular 1,131 51 4
Marshall Middle School Middle Unknown NA

Marshall Middle School

  • Education Level: Middle
  • # of students: 504
  • # of teachers: 21
5
GreatSchools Rating

Ganesha High School

  • Education Level: High
  • # of students: 1,131
  • # of teachers: 51
4
GreatSchools Rating

Marshall Middle School

  • Education Level: Middle
  • # of students:
  • # of teachers:
NA
GreatSchools Rating
 

$715,500$874,500$795,000

PURCHASE PRICE

$2,664$3,256$2,960

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,960
EXPENSES Loan Payment -$2,761
Property Tax -$877
Property Insurance -$89
Property Management Fees -$145
CASH FLOW
-$912

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.

$795,000

PROJECTED PRICE

$2,960

PROJECTED RENT

0.37%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.35%
Appreciation Year (1-5) 7.8%
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$500k$1.0M$1.5M$2.0M$2.5M

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$2.5M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$216,425

INVESTMENT

$216,425

Down Payment
$198,750
Rehab Estimate
$5,750
Closing Costs
$11,925

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,761

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $198,750
Loan Amount $596,250
See What Happens When You Reinvest Cash Flow

0.67

YEARS SAVED

$2,334

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,960

    LIST RENT
  • $1.15

    LIST RENT PER SQFT
  • $3,138

    COMP ESTIMATED VALUE
  • $1.22

    COMP AVG. RENT PER SQFT
Comps Range
$2,960
1$2,9602$3,300
$3,300
RENT COMPS ANALYSIS
  • 1205 Los Robles Place Pomona, CA 1
    • 4 beds 2 baths ∙ 2,572 Sqft ∙ Built 1978 4 beds 2 baths ∙ 2,572 Sqft ∙ Built 1978
    • Rent
    • Rent Per SQFT
    •  
    • $2,960
    • $1.15
    •  
  • 1925 Paseo La Paz Pomona, CA 2
    • 4 beds 3 baths ∙ 2,706 Sqft ∙ Built 1985 4 beds 3 baths ∙ 2,706 Sqft ∙ Built 1985
    LEASED 09/07/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,300
    • $1.22
    •  
PROPERTY LISTING DETAILS
Craig Finlayson
The Western Group Real Estate
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: IV21045863
Last Updated: 03/12/2021
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