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12680 Norton Avenue Chino, CA 91710

3 Beds 2 Baths 1,557 sqft Built 1981

$549,900

List Price

$2,180

$2K - $2.4K

Rent Est.

PROPERTY INFO

December 04, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1981
  • Price/Sqft : $353.18
  • 3 Days on Market
  • MLS # : DW20250334
  • Updated Date : 12/05/2020 at 09:58
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,557 sqft
  • Baths : 2 full
Listing Agent

First Team Real Estate - Torrance

Listing Agent's Description

Don’t miss this beautifully updated 3 bedroom 2 bathroom pool home. The kitchen has new white shaker cabinets with plenty of storage space, sleek quartz counter tops, recessed lighting and upgraded fixtures. A voucher for a stainless steel range, dishwasher and micro/hood will be provided at close of escrow (includes delivery and installation). The family room is off the kitchen and features a decorative fireplace with custom tile and leads to a private backyard with an inground sparkling pool and covered patio . Other upgrades include laminated flooring in the living room, family room, dining room, kitchen laundry, hallway and hall bathroom, new carpet in the bedroom, freshly painted interior and exterior, newer hardware, plumbing and light fixtures, upgraded bathrooms with new vanities, tile flooring and fixtures. This home features HVAC, an indoor laundry room, newer windows, 3 car garage including a single drive through garage. This property won’t last!

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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)
  • 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.

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 $10822394

* 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
Newman Elementary School Primary Regular 698 25 3
Newman Elementary School Middle Regular 698 25 3
Don Antonio Lugo High School High Regular 1,745 81 5

Newman Elementary School

  • Education Level: Primary
  • # of students: 698
  • # of teachers: 25
3
GreatSchools Rating

Newman Elementary School

  • Education Level: Middle
  • # of students: 698
  • # of teachers: 25
3
GreatSchools Rating

Don Antonio Lugo High School

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

$494,910$604,890$549,900

PURCHASE PRICE

$1,962$2,398$2,180

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,180
EXPENSES Loan Payment -$2,029
Property Tax -$504
Property Insurance -$65
Property Management Fees -$129
CASH FLOW
-$546

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.

$549,900

PROJECTED PRICE

$2,180

PROJECTED RENT

0.40%

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

PROJECTED ANNUAL CASH FLOW

11530-$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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$151,474

INVESTMENT

$151,474

Down Payment
$137,475
Rehab Estimate
$5,750
Closing Costs
$8,249

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,029

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $137,475
Loan Amount $412,425
See What Happens When You Reinvest Cash Flow

1.25

YEARS SAVED

$3,913

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,180

    LIST RENT
  • $1.4

    LIST RENT PER SQFT
  • $2,312

    COMP ESTIMATED VALUE
  • $1.48

    COMP AVG. RENT PER SQFT
Comps Range
$2,100
1$2,1002$2,1803$2,5004$2,5505$2,600
$2,600
RENT COMPS ANALYSIS
  • 12680 Norton Avenue Chino, CA 2
    • 3 beds 2 baths ∙ 1,557 Sqft ∙ Built 1981 3 beds 2 baths ∙ 1,557 Sqft ∙ Built 1981
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,180
    • $1.40
    •  
  • 4975 Madison Avenue Chino, CA 1
    • 3 beds 2 baths ∙ 1,408 Sqft ∙ Built 1976 3 beds 2 baths ∙ 1,408 Sqft ∙ Built 1976
    property image
    LEASED 09/29/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,100
    • $1.49
    •  
  • 13313 Norton Avenue Chino, CA 3
    • 4 beds 2 baths ∙ 1,599 Sqft ∙ Built 1976 4 beds 2 baths ∙ 1,599 Sqft ∙ Built 1976
    property image
    LEASED 12/26/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $1.56
    •  
  • 12746 Norton Avenue Chino, CA 4
    • 4 beds 2 baths ∙ 1,750 Sqft ∙ Built 1974 4 beds 2 baths ∙ 1,750 Sqft ∙ Built 1974
    property image
    LEASED 06/27/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,550
    • $1.46
    •  
  • 4118 Miguel Street Chino, CA 5
    • 4 beds 2 baths ∙ 1,822 Sqft ∙ Built 1974 4 beds 2 baths ∙ 1,822 Sqft ∙ Built 1974
    property image
    LEASED 04/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,600
    • $1.43
    •  
PROPERTY LISTING DETAILS
Judi Reimer
First Team Real Estate - Torrance
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: DW20250334
Last Updated: 12/05/2020
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