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1336 S Concord Lane Glendora, CA 91740

4 Beds 1 Baths 1,903 sqft Built 1964

$699,950

List Price

$3,000

$2.8K - $3.3K

Rent Est.

PROPERTY INFO

80% chance this property will be sold within the next 20 days HOT INVESTMENT
December 23, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1964
  • Price/Sqft : $367.81
  • 5 Days on Market
  • MLS # : CV20256599
  • Updated Date : 12/23/2020 at 10:13
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,903 sqft
  • Baths : 1 full
Listing Agent

Century 21 Marty Rodriguez

Listing Agent's Description

Ready to call this house your new home? This charming Glendora home just hit the market and awaits a lucky new owner! As you make your way inside, you are welcomed with an open and airy floor plan that will make you feel right at home. The living room is accented by a cozy fireplace and tile flooring and leads right into the spacious family room where you can lounge and relax after a long day. The kitchen and dining room offer the perfect space to cook and share meals with your loved ones. This home is complete with a master bedroom, master bathroom, 3 secondary bedrooms, additional hall bathroom, and 2-car attached garage. With plenty of room for entertainment, the backyard offers a spacious patio area, vast grass area, and a fruitful lemon tree. Don’t miss your chance to own this lovely Glendora home! Give our team a call today to schedule your private showing.

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MARKET HIGHLIGHTS

  • 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)
  • 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]

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
Washington Elementary School Primary Regular 470 20 8
Washington Elementary School Middle Regular 470 20 8
Charter Oak High School High Regular 1,735 61 6

Washington Elementary School

  • Education Level: Primary
  • # of students: 470
  • # of teachers: 20
8
GreatSchools Rating

Washington Elementary School

  • Education Level: Middle
  • # of students: 470
  • # of teachers: 20
8
GreatSchools Rating

Charter Oak High School

  • Education Level: High
  • # of students: 1,735
  • # of teachers: 61
6
GreatSchools Rating
 

$629,955$769,945$699,950

PURCHASE PRICE

$2,700$3,300$3,000

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,000
EXPENSES Loan Payment -$2,583
Property Tax -$730
Property Insurance -$73
Property Management Fees -$147
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.

$699,950

PROJECTED PRICE

$3,000

PROJECTED RENT

0.43%

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

PROJECTED ANNUAL CASH FLOW

11530-$10k-$5.0k$0.0$5.0k$10k$15k$20k

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$191,237

INVESTMENT

$191,237

Down Payment
$174,988
Rehab Estimate
$5,750
Closing Costs
$10,499

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,583

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $174,988
Loan Amount $524,963
See What Happens When You Reinvest Cash Flow

2.5

YEARS SAVED

$16,395

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,000

    LIST RENT
  • $1.58

    LIST RENT PER SQFT
  • $3,149

    COMP ESTIMATED VALUE
  • $1.66

    COMP AVG. RENT PER SQFT
Comps Range
$2,700
1$2,7002$2,7503$2,8504$3,0005$3,300
$3,300
RENT COMPS ANALYSIS
  • 1336 S Concord Lane Glendora, CA 4
    • 4 beds 1 baths ∙ 1,903 Sqft ∙ Built 1964 4 beds 1 baths ∙ 1,903 Sqft ∙ Built 1964
    • Rent
    • Rent Per SQFT
    •  
    • $3,000
    • $1.58
    •  
  • 1630 Bonnie Cove Avenue Glendora, CA 1
    • 3 beds 2 baths ∙ 1,624 Sqft ∙ Built 1959 3 beds 2 baths ∙ 1,624 Sqft ∙ Built 1959
    LEASED 07/22/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,700
    • $1.66
    •  
  • 426 E Haltern Avenue Glendora, CA 2
    • 4 beds 2 baths ∙ 1,742 Sqft ∙ Built 1955 4 beds 2 baths ∙ 1,742 Sqft ∙ Built 1955
    LEASED 03/07/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,750
    • $1.58
    •  
  • 1420 S Glendora Avenue Glendora, CA 3
    • 4 beds 2 baths ∙ 1,803 Sqft ∙ Built 1977 4 beds 2 baths ∙ 1,803 Sqft ∙ Built 1977
    LEASED 06/25/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,850
    • $1.58
    •  
  • 1432 S Glencroft Road Glendora, CA 5
    • 4 beds 2 baths ∙ 1,834 Sqft ∙ Built 1977 4 beds 2 baths ∙ 1,834 Sqft ∙ Built 1977
    LEASED 06/16/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,300
    • $1.80
    •  
PROPERTY LISTING DETAILS
Marty Rodriguez
Century 21 Marty Rodriguez
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: CV20256599
Last Updated: 12/23/2020
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