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1352 S Diamond Bar Boulevard #C Diamond Bar, CA 91765

3 Beds 2 Baths 1,079 sqft Built 1977

$509,900

List Price

$2,160

$1.9K - $2.4K

Rent Est.

PROPERTY INFO

80% chance this property will be sold within the next 20 days HOT INVESTMENT
SINGLE-FAMILY
FACTS
  • Single Family
  • Built In 1977
  • Price/Sqft : $472.57
  • 26 Days on Market
  • MLS # : CV21132781
  • Updated Date : 07/12/2021 at 11:49
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,079 sqft
  • Baths : 1 full , 1 half
Listing Agent

Dream Life Realty

Listing Agent's Description

Highly desirable location in award winning Walnut Unified School District condo is BACK ON THE MARKET. One attached garage leads to kitchen and spacious living area. Laminated floor and tiles throughout downstairs. All bedrooms are upstairs. Master bedroom overlooks well maintained community green belt. Next to the other bedroom is a large private balcony. Community swimming pool, basket ball court and play ground. Easy access to 60 & 57 freeways, schools and shopping centers.

SEE MORE

MARKET HIGHLIGHTS

  • As part of Southern California area, Los Angeles market inherits all the benefits from the area.
  • Southern California's economy is worth $1.58 trillion in Gross Metro Product and projected to grow to $1.67 trillion (USMayors.org, 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)
  • 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)
  • 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)
  • 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: Diamond Bar

NeighborhoodNIR Market*CityMarket2010Year20002019200k250k300k350k400k450k500k550k600k650k700k750k800k850kPrice in $199k856k

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

Neighborhood: Diamond Bar

NeighborhoodNIR Market*CityMarket2010Year2000 Q42019 Q21800200022002400260028003000320034003600Rent in $17843697

* 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
Quail Summit Elementary School Primary Regular 652 23 10
Chaparral Middle School Middle Regular 1,236 46 10
Diamond Bar High School High Regular 3,050 111 9

Quail Summit Elementary School

  • Education Level: Primary
  • # of students: 652
  • # of teachers: 23
10
GreatSchools Rating

Chaparral Middle School

  • Education Level: Middle
  • # of students: 1,236
  • # of teachers: 46
10
GreatSchools Rating

Diamond Bar High School

  • Education Level: High
  • # of students: 3,050
  • # of teachers: 111
9
GreatSchools Rating
 

$458,910$560,890$509,900

PURCHASE PRICE

$1,944$2,376$2,160

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,160
EXPENSES Loan Payment -$1,771
Property Tax -$515
Property Insurance -$53
HOA -$195
Property Management Fees -$106
CASH FLOW
-$481

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.

$509,900

PROJECTED PRICE

$2,160

PROJECTED RENT

0.42%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.56%
Appreciation Year (1-5) 3.5%
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$200k$400k$600k$800k$1.0M$1.2M

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$140,874

INVESTMENT

$140,874

Down Payment
$127,475
Rehab Estimate
$5,750
Closing Costs
$7,649

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,771

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $127,475
Loan Amount $382,425
See What Happens When You Reinvest Cash Flow

1.42

YEARS SAVED

$3,754

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,160

    LIST RENT
  • $2

    LIST RENT PER SQFT
  • $2,255

    COMP ESTIMATED VALUE
  • $2.09

    COMP AVG. RENT PER SQFT
Comps Range
$2,160
1$2,1602$2,2003$2,3004$2,3505$2,400
$2,400
RENT COMPS ANALYSIS
  • 1352 S Diamond Bar Boulevard Diamond Bar, CA 1
    • 3 beds 2 baths ∙ 1,079 Sqft ∙ Built 1977 3 beds 2 baths ∙ 1,079 Sqft ∙ Built 1977
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,160
    • $2.00
    •  
  • 23518 Twin Spring Lane Diamond Bar, CA 2
    • 3 beds 2 baths ∙ 1,103 Sqft ∙ Built 1974 3 beds 2 baths ∙ 1,103 Sqft ∙ Built 1974
    property image
    LEASED 09/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,200
    • $1.99
    •  
  • 1312 S Diamond Bar Boulevard Diamond Bar, CA 3
    • 3 beds 1 baths ∙ 1,079 Sqft ∙ Built 1976 3 beds 1 baths ∙ 1,079 Sqft ∙ Built 1976
    property image
    LEASED 02/28/21
    • Rent
    • Rent Per SQFT
    •  
    • $2,300
    • $2.13
    •  
  • 1667 S Diamond Bar Boulevard Diamond Bar, CA 4
    • 3 beds 2 baths ∙ 1,162 Sqft ∙ Built 1985 3 beds 2 baths ∙ 1,162 Sqft ∙ Built 1985
    property image
    LEASED 02/27/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,350
    • $2.02
    •  
  • 1346 S Diamond Bar Boulevard Diamond Bar, CA 5
    • 3 beds 2 baths ∙ 1,079 Sqft ∙ Built 1977 3 beds 2 baths ∙ 1,079 Sqft ∙ Built 1977
    property image
    LEASED 05/28/21
    • Rent
    • Rent Per SQFT
    •  
    • $2,400
    • $2.22
    •  
PROPERTY LISTING DETAILS
Wei Chih Shih
Dream Life Realty
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: CV21132781
Last Updated: 07/12/2021
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