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1385 Glenthorpe Drive Diamond Bar, CA 91789

4 Beds 1 Baths 2,000 sqft Built 1979

$799,800

List Price

$3,000

$2.8K - $3.3K

Rent Est.

PROPERTY INFO

December 11, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1979
  • Price/Sqft : $399.90
  • 4 Days on Market
  • MLS # : RS20254787
  • Updated Date : 12/11/2020 at 05:09
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,000 sqft
  • Baths : 1 full
Listing Agent

Re/max College Park Realty

Listing Agent's Description

Design & Exquisite! Shows Like a Model Home! Excellent Opportunity to Own a Single Story Home on a Lot Over 16,000 S/F in Walnut Valley School District. New Tile Roof w/44 Panel Tesla Solar Sys, Hi Efficiency A/C, Furnace, Air Ducts, 2 Tesla Charging Outlets in Garage & Pool Heater Installed in 2020. Upgraded Dual Pane Windows/Sliding Doors & Recessed Lighting Thruout. Living Rm w/Cathedral Ceiling & Sliding Doors Leading to Backyard. Formal Dining Rm w/Marble Decorative Fireplace, Chandelier & Cathedral Ceiling. Recently Updated Huge Kitchen w/Plentiful Cabinets, Glass Subway Tile Backsplash, Walk-in Pantry, Tile Plank Flooring, Stainless Steel Appliances including 36" Stove, Wine Cooler & Breakfast Counter. Both Baths Upgraded w/Premium Material & Dual Vanity. Master BR w/Cathedral Ceiling, Looks Out to Backyard. Master Bath Has Spa-Like Wet Rm w/2-Person Shower, Soaking Tub & Double Vanity. Other Bdrms All Good Sized w/Ceiling Fans. Plantation Shutters in Living, Dining Rm & 3 Bdrms. Laminate Flooring Thruout (Except Kitchen & Bath). 4 Skylights to Illuminate the Sunlight. Upgraded Bdrm Doors. Inside Laundry. Relaxing Backyard w/Sparkling Pool/Spa, Built-in BBQ, Rainbow Playground & Mature Fruit Trees Exemplifies the Best of Outdoor Living Perfect for Entertaining. Direct Garage Access. Extra Wide Driveway for Additional Parking. Cul-de-sac St. Walks to Markets & Parks. Highly Rated Elementary, Middle & High School-Diamond Bar High Ranked in the Top 100 High Schools in CA.

SEE MORE

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: 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 $17493697

* 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
Walnut Elementary School Primary Regular 556 22 8
South Pointe Middle School Middle Regular 982 40 9
Diamond Bar High School High Regular 3,050 111 9

Walnut Elementary School

  • Education Level: Primary
  • # of students: 556
  • # of teachers: 22
8
GreatSchools Rating

South Pointe Middle School

  • Education Level: Middle
  • # of students: 982
  • # of teachers: 40
9
GreatSchools Rating

Diamond Bar High School

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

$719,820$879,780$799,800

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 -$2,951
Property Tax -$815
Property Insurance -$75
Property Management Fees -$147
CASH FLOW
-$988

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.

$799,800

PROJECTED PRICE

$3,000

PROJECTED RENT

0.38%

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$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$217,697

INVESTMENT

$217,697

Down Payment
$199,950
Rehab Estimate
$5,750
Closing Costs
$11,997

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,951

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $199,950
Loan Amount $599,850
See What Happens When You Reinvest Cash Flow

0.67

YEARS SAVED

$2,514

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
  • $1.5

    LIST RENT PER SQFT
  • $3,010

    COMP ESTIMATED VALUE
  • $1.51

    COMP AVG. RENT PER SQFT
Comps Range
$2,900
1$2,9002$2,9503$3,0004$3,0005$3,100
$3,100
RENT COMPS ANALYSIS
  • 1385 Glenthorpe Drive Diamond Bar, CA 4
    • 4 beds 1 baths ∙ 2,000 Sqft ∙ Built 1979 4 beds 1 baths ∙ 2,000 Sqft ∙ Built 1979
    • Rent
    • Rent Per SQFT
    •  
    • $3,000
    • $1.50
    •  
  • 20746 Greenside Drive Walnut, CA 1
    • 4 beds 2 baths ∙ 2,002 Sqft ∙ Built 1979 4 beds 2 baths ∙ 2,002 Sqft ∙ Built 1979
    LEASED 05/25/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,900
    • $1.45
    •  
  • 1270 Glenthorpe Drive Diamond Bar, CA 2
    • 4 beds 1 baths ∙ 2,000 Sqft ∙ Built 1979 4 beds 1 baths ∙ 2,000 Sqft ∙ Built 1979
    LEASED 02/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,950
    • $1.48
    •  
  • 800 Dryander Drive Walnut, CA 3
    • 4 beds 1 baths ∙ 1,941 Sqft ∙ Built 1980 4 beds 1 baths ∙ 1,941 Sqft ∙ Built 1980
    LEASED 07/25/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,000
    • $1.55
    •  
  • 21950 Birds Eye Drive Diamond Bar, CA 5
    • 4 beds 2 baths ∙ 2,007 Sqft ∙ Built 1981 4 beds 2 baths ∙ 2,007 Sqft ∙ Built 1981
    LEASED 08/08/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,100
    • $1.54
    •  
PROPERTY LISTING DETAILS
Ming Chien
Re/max College Park Realty
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: RS20254787
Last Updated: 12/11/2020
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