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1278 N Vallejo Way Upland, CA 91786

4 Beds 2 Baths 2,069 sqft Built 1971

$629,900

List Price

$2,610

$2.4K - $2.9K

Rent Est.

PROPERTY INFO

October 30, 2020 RECENTLY ADDED
FACTS
  • Built In 1971
  • Price/Sqft : $304.45
  • 8 Days on Market
  • MLS # : IV20227299
  • Updated Date : 11/01/2020 at 20:10
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,069 sqft
  • Baths : 2 full
Listing Agent

All Nations Realty & Invs

Listing Agent's Description

Look no further, one of Upland's finest homes! This hone has ben meticulously upgraded throughout the years. 4 bedrooms , 2 bathrooms, dining room, living room & a separate family room. New laminate flooring & crown molding throughout & a remodeled guest bathroom. Double paned windows & a leased solar system with Sun Run ceiling fans & sky lights that beautifully light up the hallways. All this and a covered patio with custom iron deco & grape vines. Many fruit trees and a side yard that was used for gardening. Access to backyard through a gate from the alley way with RV parking. Centrally located and a great school district. Home is move in ready!

SEE MORE

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: Upland

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450k500k550k600kPrice in $143k642k

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

Neighborhood: Upland

NeighborhoodNIR Market*CityMarket2010Year2000 Q22019 Q21200140016001800200022002400Rent in $10822575

* 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
Magnolia Elementary School Primary Regular 612 26 7
Pioneer Junior High School Middle Regular 928 37 9
Upland High School High Regular 3,456 137 7

Magnolia Elementary School

  • Education Level: Primary
  • # of students: 612
  • # of teachers: 26
7
GreatSchools Rating

Pioneer Junior High School

  • Education Level: Middle
  • # of students: 928
  • # of teachers: 37
9
GreatSchools Rating

Upland High School

  • Education Level: High
  • # of students: 3,456
  • # of teachers: 137
7
GreatSchools Rating
 

$566,910$692,890$629,900

PURCHASE PRICE

$2,349$2,871$2,610

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,610
EXPENSES Loan Payment -$2,324
Property Tax -$588
Property Insurance -$77
Property Management Fees -$154
CASH FLOW
-$533

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.

$629,900

PROJECTED PRICE

$2,610

PROJECTED RENT

0.41%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.96%
Appreciation Year (1-5) 6.1%
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$172,674

INVESTMENT

$172,674

Down Payment
$157,475
Rehab Estimate
$5,750
Closing Costs
$9,449

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,324

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $157,475
Loan Amount $472,425
See What Happens When You Reinvest Cash Flow

1.67

YEARS SAVED

$8,242

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,610

    LIST RENT
  • $1.26

    LIST RENT PER SQFT
  • $2,840

    COMP ESTIMATED VALUE
  • $1.37

    COMP AVG. RENT PER SQFT
Comps Range
$2,610
1$2,6102$2,7503$2,8504$3,1505$3,200
$3,200
RENT COMPS ANALYSIS
  • 1278 N Vallejo Way Upland, CA 1
    • 4 beds 2 baths ∙ 2,069 Sqft ∙ Built 1971 4 beds 2 baths ∙ 2,069 Sqft ∙ Built 1971
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,610
    • $1.26
    •  
  • 1275 N 1st Avenue Upland, CA 2
    • 4 beds 2 baths ∙ 1,962 Sqft ∙ Built 1960 4 beds 2 baths ∙ 1,962 Sqft ∙ Built 1960
    property image
    LEASED 05/15/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,750
    • $1.40
    •  
  • 1228 Diana Court Upland, CA 3
    • 4 beds 2 baths ∙ 2,030 Sqft ∙ Built 1977 4 beds 2 baths ∙ 2,030 Sqft ∙ Built 1977
    property image
    LEASED 04/23/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,850
    • $1.40
    •  
  • 1376 N Euclid Avenue Upland, CA 4
    • 4 beds 2 baths ∙ 2,338 Sqft ∙ Built 1974 4 beds 2 baths ∙ 2,338 Sqft ∙ Built 1974
    property image
    LEASED 10/30/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,150
    • $1.35
    •  
  • 1395 N Euclid Avenue Upland, CA 5
    • 5 beds 3 baths ∙ 2,393 Sqft ∙ Built 1956 5 beds 3 baths ∙ 2,393 Sqft ∙ Built 1956
    property image
    LEASED 08/24/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,200
    • $1.34
    •  
PROPERTY LISTING DETAILS
Jerry Avila
All Nations Realty & Invs
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: IV20227299
Last Updated: 11/01/2020
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