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1291 N Shelley Avenue Upland, CA 91786

4 Beds 3 Baths 1,952 sqft Built 1961

$750,000

List Price

$2,740

$2.5K - $3K

Rent Est.

PROPERTY INFO

January 09, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1961
  • Price/Sqft : $384.22
  • 3 Days on Market
  • MLS # : CV21002290
  • Updated Date : 01/09/2021 at 11:08
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,952 sqft
  • Baths : 3 full
Listing Agent

Re/max Resources

Listing Agent's Description

If you want charm and privacy, look no further! This gorgeous home offers the best in single story living. Enter to find beautiful flooring and an open floorplan. There are lots of windows that let in an abundance of natural light. This home is beautifully appointed with French Country details and makes you feel right at home. The kitchen is gorgeous! There are granite counters a copper farmhouse sink and newer appliances. All carefully designed for your cooking pleasure. There are also handmade tiles that form the custom backsplash. The family room is spacious and offers a cozy fireplace, perfect for the cool winter evenings. There is a spacious master bedroom. The secondary bedrooms are also generously sized. Outdoors you will find a huge RV parking area. There is a sparkling pool and large grass area that is perfect for a game of badminton! Ideally located, walking distance to Sierra Vista Elementary and the park, it is the perfect place for picnics and gatherings. It is also close to restaurants and shopping. If you need to commute, this home is located between the 10 and 210 freeways, making this a commuter's delight. Hurry to see this amazing home. It won't last long.

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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: 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
Sierra Vista Elementary School Primary Regular 438 17 6
Sierra Vista Elementary School Middle Regular 438 17 6
Upland High School High Regular 3,456 137 7

Sierra Vista Elementary School

  • Education Level: Primary
  • # of students: 438
  • # of teachers: 17
6
GreatSchools Rating

Sierra Vista Elementary School

  • Education Level: Middle
  • # of students: 438
  • # of teachers: 17
6
GreatSchools Rating

Upland High School

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

$675,000$825,000$750,000

PURCHASE PRICE

$2,466$3,014$2,740

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,740
EXPENSES Loan Payment -$2,605
Property Tax -$700
Property Insurance -$74
Property Management Fees -$162
CASH FLOW
-$801

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.

$750,000

PROJECTED PRICE

$2,740

PROJECTED RENT

0.37%

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$500k$1.0M$1.5M$2.0M

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$500k$1.0M$1.5M$2.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$204,500

INVESTMENT

$204,500

Down Payment
$187,500
Rehab Estimate
$5,750
Closing Costs
$11,250

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,605

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $187,500
Loan Amount $562,500
See What Happens When You Reinvest Cash Flow

0.67

YEARS SAVED

$1,910

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,740

    LIST RENT
  • $1.4

    LIST RENT PER SQFT
  • $2,889

    COMP ESTIMATED VALUE
  • $1.48

    COMP AVG. RENT PER SQFT
Comps Range
$2,450
1$2,4502$2,7403$2,8504$3,2505$3,300
$3,300
RENT COMPS ANALYSIS
  • 1291 N Shelley Avenue Upland, CA 2
    • 4 beds 3 baths ∙ 1,952 Sqft ∙ Built 1961 4 beds 3 baths ∙ 1,952 Sqft ∙ Built 1961
    • Rent
    • Rent Per SQFT
    •  
    • $2,740
    • $1.40
    •  
  • 1408 W 14th Street Upland, CA 1
    • 3 beds 2 baths ∙ 1,666 Sqft ∙ Built 1978 3 beds 2 baths ∙ 1,666 Sqft ∙ Built 1978
    LEASED 04/11/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,450
    • $1.47
    •  
  • 1228 Diana Court Upland, CA 3
    • 4 beds 2 baths ∙ 2,030 Sqft ∙ Built 1977 4 beds 2 baths ∙ 2,030 Sqft ∙ Built 1977
    LEASED 04/23/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,850
    • $1.40
    •  
  • 1253 N Ukiah Way Upland, CA 4
    • 4 beds 2 baths ∙ 2,056 Sqft ∙ Built 1957 4 beds 2 baths ∙ 2,056 Sqft ∙ Built 1957
    LEASED 09/08/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,250
    • $1.58
    •  
  • 588 W 17th Street Upland, CA 5
    • 4 beds 2 baths ∙ 2,239 Sqft ∙ Built 1970 4 beds 2 baths ∙ 2,239 Sqft ∙ Built 1970
    LEASED 06/25/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,300
    • $1.47
    •  
PROPERTY LISTING DETAILS
Laura Dandoy
Re/max Resources
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: CV21002290
Last Updated: 01/09/2021
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