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126 E Mauna Loa Avenue Glendora, CA 91740

3 Beds 1 Baths 1,059 sqft Built 1957

$629,000

List Price

$2,360

$2.1K - $2.6K

Rent Est.

PROPERTY INFO

January 01, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1957
  • Price/Sqft : $593.96
  • 3 Days on Market
  • MLS # : CV21000033
  • Updated Date : 01/02/2021 at 14:03
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,059 sqft
  • Baths : 1 full
Listing Agent

Real Estate Hound

Listing Agent's Description

This darling home is awaiting a lucky new owner! From its prime location and lovely curb appeal to the white picket fence, this home has been cared for and maintained with so much love. The beautiful back yard has a lovely garden, fruit trees, an above ground spa just waiting for someone to enjoy the cool crisp evenings with loved ones in a warm spa. Welcome home to a wonderful 3 bedroom 1 1/4 located in one of the most desirable communities of the city of Glendora. This home Is open and airy and easy to entertain guests both inside and out. you will be in walking distance to the park which has a play area for both large and small dogs and hiking trails. The garage was dry walled and has epoxy floors with fan above the drop drown ceiling for better air flow as well as a side window that was also added when we moved in. This garage doubled as a dance studio and workout area hence you will see the back wall lined with 10 feet of mirrors that will remain for the next owners enjoyment. This has been a very happy home and we hope the new owners will enjoy all that it has to offer as we have over the years together.

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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 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)
  • 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)

PRICE & RENT TRENDS

Neighborhood: Glendora

NeighborhoodNIR Market*CityMarket2010Year20002019200k250k300k350k400k450k500k550k600k650k700k750k800k850kPrice in $199k856k

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

Neighborhood: Glendora

NeighborhoodNIR Market*CityMarket2010Year2000 Q42019 Q21800200022002400260028003000320034003600Rent in $16233697

* 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
Stanton Elementary School Primary Regular 571 20 7
Sandburg Middle School Middle Regular 896 34 7
Glendora High School High Regular 2,597 91 9

Stanton Elementary School

  • Education Level: Primary
  • # of students: 571
  • # of teachers: 20
7
GreatSchools Rating

Sandburg Middle School

  • Education Level: Middle
  • # of students: 896
  • # of teachers: 34
7
GreatSchools Rating

Glendora High School

  • Education Level: High
  • # of students: 2,597
  • # of teachers: 91
9
GreatSchools Rating
 

$566,100$691,900$629,000

PURCHASE PRICE

$2,124$2,596$2,360

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,360
EXPENSES Loan Payment -$2,321
Property Tax -$626
Property Insurance -$53
Property Management Fees -$116
CASH FLOW
-$755

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.

$629,000

PROJECTED PRICE

$2,360

PROJECTED RENT

0.38%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.56%
Appreciation Year (1-5) 5.9%
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$200k$400k$600k$800k$1.0M$1.2M$1.4M$1.6M$1.8M

PROJECTED ANNUAL CASH FLOW

11530-$15k-$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$1.8M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$172,435

INVESTMENT

$172,435

Down Payment
$157,250
Rehab Estimate
$5,750
Closing Costs
$9,435

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,321

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $157,250
Loan Amount $471,750
See What Happens When You Reinvest Cash Flow

0.75

YEARS SAVED

$2,376

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,360

    LIST RENT
  • $2.23

    LIST RENT PER SQFT
  • $1,964

    COMP ESTIMATED VALUE
  • $1.86

    COMP AVG. RENT PER SQFT
Comps Range
$2,300
1$2,3002$2,3603$2,3954$2,4005$2,495
$2,495
RENT COMPS ANALYSIS
  • 126 E Mauna Loa Avenue Glendora, CA 2
    • 3 beds 2 baths ∙ 1,059 Sqft ∙ Built 1957 3 beds 2 baths ∙ 1,059 Sqft ∙ Built 1957
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,360
    • $2.23
    •  
  • 708 S Washington Avenue Glendora, CA 1
    • 4 beds 2 baths ∙ 1,199 Sqft ∙ Built 1954 4 beds 2 baths ∙ 1,199 Sqft ∙ Built 1954
    property image
    LEASED 03/07/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,300
    • $1.92
    •  
  • 401 E Linfield Street Glendora, CA 3
    • 4 beds 2 baths ∙ 1,354 Sqft ∙ Built 1957 4 beds 2 baths ∙ 1,354 Sqft ∙ Built 1957
    property image
    LEASED 03/07/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,395
    • $1.77
    •  
  • 508 W Leeside Street Glendora, CA 4
    • 3 beds 2 baths ∙ 1,264 Sqft ∙ Built 1953 3 beds 2 baths ∙ 1,264 Sqft ∙ Built 1953
    property image
    LEASED 06/22/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,400
    • $1.90
    •  
  • 546 Crown Street Glendora, CA 5
    • 3 beds 2 baths ∙ 1,360 Sqft ∙ Built 1962 3 beds 2 baths ∙ 1,360 Sqft ∙ Built 1962
    property image
    LEASED 05/21/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,495
    • $1.83
    •  
PROPERTY LISTING DETAILS
Fernando Ayala
Real Estate Hound
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: CV21000033
Last Updated: 01/02/2021
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