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1329 Paseo Gracia San Dimas, CA 91773

3 Beds 2 Baths 1,740 sqft Built 1979

$739,000

List Price

$2,860

$2.6K - $3.1K

Rent Est.

PROPERTY INFO

FACTS
  • Built In 1979
  • Price/Sqft : $424.71
  • 12 Days on Market
  • MLS # : CV20223548
  • Updated Date : 10/29/2020 at 16:01
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,740 sqft
  • Baths : 2 full
Listing Agent

Diana Veloz, Broker

Listing Agent's Description

SINGLE STORY HOME IN THE WOOD WALK DEVELOPMENT IN VIA VERDE. Split Level, Lots Of Windows and Natural Light, High Vaulted Ceilings. Updated Kitchen With Beautiful Black Granite Counter Tops, Master Bedroom With Fireplace, Dressing Area With Dual Sinks, Walk In Closet and Access To The Side Yard. Master Bedroom With Fireplace and Reading Nook. Large Patio For Entertaining and Oversized Corner Lot Measures Almost 10,000 Sq. Ft.. Home Faces East, Walking Distance To Parks, Canyon Trails, Horse Trails, Bonelli Park, Raging Waters, Downtown San Dimas, Shopping, Transportation And Easy Access To 57, 10 And 210 Freeways.

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)
  • 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)
  • 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)

PRICE & RENT TRENDS

Neighborhood: San Dimas

NeighborhoodNIR Market*CityMarket2010Year20002019200k250k300k350k400k450k500k550k600k650k700k750k800k850kPrice in $199k856k

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

Neighborhood: San Dimas

NeighborhoodNIR Market*CityMarket2010Year2000 Q42019 Q216001800200022002400260028003000320034003600Rent in $15463697

* 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
Shull Elementary School Primary Regular 598 22 10
Lone Hill Middle School Middle Regular 946 36 8
San Dimas High School High Regular 1,363 52 8

Shull Elementary School

  • Education Level: Primary
  • # of students: 598
  • # of teachers: 22
10
GreatSchools Rating

Lone Hill Middle School

  • Education Level: Middle
  • # of students: 946
  • # of teachers: 36
8
GreatSchools Rating

San Dimas High School

  • Education Level: High
  • # of students: 1,363
  • # of teachers: 52
8
GreatSchools Rating
 

$665,100$812,900$739,000

PURCHASE PRICE

$2,574$3,146$2,860

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,860
EXPENSES Loan Payment -$2,727
Property Tax -$755
Property Insurance -$69
HOA -$46
Property Management Fees -$140
CASH FLOW
-$877

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.

$739,000

PROJECTED PRICE

$2,860

PROJECTED RENT

0.39%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.56%
Appreciation Year (1-5) 7.0%
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$500k$1.0M$1.5M$2.0M

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$201,585

INVESTMENT

$201,585

Down Payment
$184,750
Rehab Estimate
$5,750
Closing Costs
$11,085

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,727

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $184,750
Loan Amount $554,250
See What Happens When You Reinvest Cash Flow

0.83

YEARS SAVED

$2,970

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,860

    LIST RENT
  • $1.64

    LIST RENT PER SQFT
  • $2,884

    COMP ESTIMATED VALUE
  • $1.66

    COMP AVG. RENT PER SQFT
Comps Range
$2,600
1$2,6002$2,6503$2,8604$3,0005$3,100
$3,100
RENT COMPS ANALYSIS
  • 1329 Paseo Gracia San Dimas, CA 3
    • 3 beds 2 baths ∙ 1,740 Sqft ∙ Built 1979 3 beds 2 baths ∙ 1,740 Sqft ∙ Built 1979
    • Rent
    • Rent Per SQFT
    •  
    • $2,860
    • $1.64
    •  
  • 1418 Avenida Loma Vista San Dimas, CA 1
    • 4 beds 1 baths ∙ 1,635 Sqft ∙ Built 1972 4 beds 1 baths ∙ 1,635 Sqft ∙ Built 1972
    LEASED 07/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,600
    • $1.59
    •  
  • 1330 Avenida Loma San Dimas, CA 2
    • 4 beds 2 baths ∙ 1,635 Sqft ∙ Built 1973 4 beds 2 baths ∙ 1,635 Sqft ∙ Built 1973
    LEASED 08/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,650
    • $1.62
    •  
  • 1717 Paseo Jardin San Dimas, CA 4
    • 3 beds 2 baths ∙ 1,692 Sqft ∙ Built 1974 3 beds 2 baths ∙ 1,692 Sqft ∙ Built 1974
    LEASED 10/24/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,000
    • $1.77
    •  
  • 1642 Via Alegre San Dimas, CA 5
    • 4 beds 2 baths ∙ 1,875 Sqft ∙ Built 1968 4 beds 2 baths ∙ 1,875 Sqft ∙ Built 1968
    LEASED 09/16/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,100
    • $1.65
    •  
PROPERTY LISTING DETAILS
Diana Veloz
Diana Veloz, Broker
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: CV20223548
Last Updated: 10/29/2020
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