Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more

1368 Paseo Zacate San Dimas, CA 91773

3 Beds 2 Baths 1,906 sqft Built 1978

$728,000

List Price

$2,850

$2.6K - $3.1K

Rent Est.

PROPERTY INFO

80% chance this property will be sold within the next 20 days HOT INVESTMENT
January 07, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1978
  • Price/Sqft : $381.95
  • 4 Days on Market
  • MLS # : 21676982
  • Updated Date : 01/07/2021 at 21:06
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,906 sqft
  • Baths : 1 full , 1 half
Listing Agent

I.x.a.

Listing Agent's Description

Fabulous 2-story home sitting on a cul-de-sac located in the Via Verde area of San Dimas in the Woodwalk neighborhood. Main level features a living room graced with fireplace and cathedral vaulted-ceiling with skylight. Spacious formal dining room, powder room, kitchen with tile counters, breakfast area, family room with wet bar that opens up to the patio for entertaining. Upstairs also has vaulted ceilings and consists of huge master bedroom with double door, shower, double sink vanity and walk-in closet. There are 2 additional spacious bedrooms and 1 full bath in the hallway. Plenty of natural light flow throughout the home. Enjoy gathering in the backyard under a pergola surrounded by lush plantings. There is a 2-car attached garage. All windows have been replaced with double pane windows. Driveway was redone in 2016 and water heater is less than 3 years old. Minutes to Raging Waters, Bonelli Park & Golf course. This property has so much more to offer. MUST SEE!!

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
 

$655,200$800,800$728,000

PURCHASE PRICE

$2,565$3,135$2,850

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,850
EXPENSES Loan Payment -$2,529
Property Tax -$744
Property Insurance -$73
HOA -$50
Property Management Fees -$140
CASH FLOW
-$685

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.

$728,000

PROJECTED PRICE

$2,850

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-$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$198,670

INVESTMENT

$198,670

Down Payment
$182,000
Rehab Estimate
$5,750
Closing Costs
$10,920

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,529

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $182,000
Loan Amount $546,000
See What Happens When You Reinvest Cash Flow

1.5

YEARS SAVED

$6,220

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,850

    LIST RENT
  • $1.5

    LIST RENT PER SQFT
  • $2,930

    COMP ESTIMATED VALUE
  • $1.54

    COMP AVG. RENT PER SQFT
Comps Range
$2,650
1$2,6502$2,7003$2,8504$3,1005$3,290
$3,290
RENT COMPS ANALYSIS
  • 1368 Paseo Zacate San Dimas, CA 3
    • 3 beds 2 baths ∙ 1,906 Sqft ∙ Built 1978 3 beds 2 baths ∙ 1,906 Sqft ∙ Built 1978
    • Rent
    • Rent Per SQFT
    •  
    • $2,850
    • $1.50
    •  
  • 1330 Avenida Loma San Dimas, CA 1
    • 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
    •  
  • 214 Calle Moreno San Dimas, CA 2
    • 3 beds 3 baths ∙ 1,930 Sqft ∙ Built 1995 3 beds 3 baths ∙ 1,930 Sqft ∙ Built 1995
    LEASED 01/09/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,700
    • $1.40
    •  
  • 1642 Via Alegre San Dimas, CA 4
    • 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
    •  
  • 1431 Calle Linda San Dimas, CA 5
    • 4 beds 3 baths ∙ 2,224 Sqft ∙ Built 1979 4 beds 3 baths ∙ 2,224 Sqft ∙ Built 1979
    LEASED 02/07/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,290
    • $1.48
    •  
PROPERTY LISTING DETAILS
Charles Picker
I.x.a.
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: 21676982
Last Updated: 01/07/2021
BESbswy