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

1385 Partridge Lane Glendora, CA 91740

3 Beds 2 Baths 2,404 sqft Built 1979

$949,900

List Price

$3,520

$3.3K - $3.8K

Rent Est.

PROPERTY INFO

November 01, 2020 RECENTLY ADDED
FACTS
  • Built In 1979
  • Price/Sqft : $395.13
  • 3 Days on Market
  • MLS # : P1-2106
  • Updated Date : 11/01/2020 at 05:27
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,404 sqft
  • Baths : 2 full
Listing Agent

Muro Real Estate

Listing Agent's Description

Amazing home located on quite culdesac street in the Glendora South Hills. Beautiful hardscape leads you to the formal entry and the large living room with high vaulted ceilings, tile floors and clerestory windows. The large beautiful kitchen has granite countertops, tile floors, walk-in pantry and all built-in appliances. The large master suite has a completely remodeled bathroom. From the family room step out into the backyard that is perfect for entertaining with pool, spa, covered patio and hillside Gazebo with great view of the mountains. There are fireplaces in the family room and the master bedroom, inside laundry and a three car garage.

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: 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
Sutherland Elementary School Primary Regular 575 21 8
Goddard Middle School Middle Regular 915 35 8
Glendora High School High Regular 2,597 91 9

Sutherland Elementary School

  • Education Level: Primary
  • # of students: 575
  • # of teachers: 21
8
GreatSchools Rating

Goddard Middle School

  • Education Level: Middle
  • # of students: 915
  • # of teachers: 35
8
GreatSchools Rating

Glendora High School

  • Education Level: High
  • # of students: 2,597
  • # of teachers: 91
9
GreatSchools Rating
 

$854,910$1,044,890$949,900

PURCHASE PRICE

$3,168$3,872$3,520

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,520
EXPENSES Loan Payment -$3,505
Property Tax -$931
Property Insurance -$85
Property Management Fees -$172
CASH FLOW
-$1,173

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.

$949,900

PROJECTED PRICE

$3,520

PROJECTED RENT

0.37%

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$2.5M

PROJECTED ANNUAL CASH FLOW

11530-$20k-$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$2.5M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$257,474

INVESTMENT

$257,474

Down Payment
$237,475
Rehab Estimate
$5,750
Closing Costs
$14,249

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$3,505

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $237,475
Loan Amount $712,425
See What Happens When You Reinvest Cash Flow

0.67

YEARS SAVED

$3,094

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,520

    LIST RENT
  • $1.46

    LIST RENT PER SQFT
  • $3,588

    COMP ESTIMATED VALUE
  • $1.49

    COMP AVG. RENT PER SQFT
Comps Range
$3,000
1$3,0002$3,5003$3,5204$3,6005$4,150
$4,150
RENT COMPS ANALYSIS
  • 1385 Partridge Lane Glendora, CA 3
    • 3 beds 2 baths ∙ 2,404 Sqft ∙ Built 1979 3 beds 2 baths ∙ 2,404 Sqft ∙ Built 1979
    • Rent
    • Rent Per SQFT
    •  
    • $3,520
    • $1.46
    •  
  • 1341 S Candish Avenue Glendora, CA 1
    • 4 beds 3 baths ∙ 2,132 Sqft ∙ Built 1988 4 beds 3 baths ∙ 2,132 Sqft ∙ Built 1988
    LEASED 08/15/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,000
    • $1.41
    •  
  • 1483 Hunters Trail Glendora, CA 2
    • 4 beds 3 baths ∙ 2,254 Sqft ∙ Built 1989 4 beds 3 baths ∙ 2,254 Sqft ∙ Built 1989
    LEASED 10/23/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,500
    • $1.55
    •  
  • 840 Indian Glendora, CA 4
    • 4 beds 3 baths ∙ 2,710 Sqft ∙ Built 1988 4 beds 3 baths ∙ 2,710 Sqft ∙ Built 1988
    LEASED 10/19/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,600
    • $1.33
    •  
  • 1235 S Stephora Avenue Glendora, CA 5
    • 4 beds 3 baths ∙ 2,464 Sqft ∙ Built 1975 4 beds 3 baths ∙ 2,464 Sqft ∙ Built 1975
    LEASED 08/26/20
    • Rent
    • Rent Per SQFT
    •  
    • $4,150
    • $1.68
    •  
PROPERTY LISTING DETAILS
Nilo Muro
Muro Real Estate
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: P1-2106
Last Updated: 11/01/2020
BESbswy