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1403 Paseo Maravilla San Dimas, CA 91773

5 Beds 3 Baths 2,894 sqft Built 1977

$885,000

List Price

$3,930

$3.7K - $4.2K

Rent Est.

PROPERTY INFO

November 04, 2020 RECENTLY ADDED
FACTS
  • Built In 1977
  • Price/Sqft : $305.81
  • 5 Days on Market
  • MLS # : CV20187102
  • Updated Date : 11/05/2020 at 16:21
CONSTRUCTION
  • Beds : 5
  • Floor Size : 2,894 sqft
  • Baths : 2 full , 1 half
Listing Agent

Re/max Resources

Listing Agent's Description

A nice updated home located in the Woodwalk tract in Via Verde. This home has a large open floor plan with just under 3000 sq ft of living space. 5 bedrooms and 3.5 baths, double pane windows and sliders through out, living room with sitting area and small fire place, dining area, updated kitchen, family room with wet bar and fireplace and slider to the side yard. 2 large master suits each with their own master bath and viewing balconies, laundry area down stairs, 3 car garage, tankless water heater, large side yard with room for a pool. Front yard water conserving landscaping. Dual A/C & furnace. Perfect for a large family.

SEE MORE

MARKET HIGHLIGHTS

  • 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]
  • 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)

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
 

$796,500$973,500$885,000

PURCHASE PRICE

$3,537$4,323$3,930

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,930
EXPENSES Loan Payment -$3,265
Property Tax -$904
Property Insurance -$97
HOA -$50
Property Management Fees -$193
CASH FLOW
-$579

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.

$885,000

PROJECTED PRICE

$3,930

PROJECTED RENT

0.44%

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$2.5M

PROJECTED ANNUAL CASH FLOW

11530-$10k$0.0$10k$20k$30k

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$240,275

INVESTMENT

$240,275

Down Payment
$221,250
Rehab Estimate
$5,750
Closing Costs
$13,275

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 55% down payment or higher enables the proceeds from the asset to cover all costs.

$3,265

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $221,250
Loan Amount $663,750
See What Happens When You Reinvest Cash Flow

3.25

YEARS SAVED

$27,563

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,930

    LIST RENT
  • $1.36

    LIST RENT PER SQFT
  • $3,914

    COMP ESTIMATED VALUE
  • $1.35

    COMP AVG. RENT PER SQFT
Comps Range
$3,500
1$3,5002$3,6003$3,8004$3,8005$3,930
$3,930
RENT COMPS ANALYSIS
  • 1403 Paseo Maravilla San Dimas, CA 5
    • 5 beds 3 baths ∙ 2,894 Sqft ∙ Built 1977 5 beds 3 baths ∙ 2,894 Sqft ∙ Built 1977
    • Rent
    • Rent Per SQFT
    •  
    • $3,930
    • $1.36
    •  
  • 233 Avenida Melisenda San Dimas, CA 1
    • 4 beds 3 baths ∙ 2,590 Sqft ∙ Built 1987 4 beds 3 baths ∙ 2,590 Sqft ∙ Built 1987
    LEASED 01/18/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,500
    • $1.35
    •  
  • 792 Calle Carrillo San Dimas, CA 2
    • 4 beds 3 baths ∙ 2,662 Sqft ∙ Built 1977 4 beds 3 baths ∙ 2,662 Sqft ∙ Built 1977
    LEASED 09/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,600
    • $1.35
    •  
  • 1408 Paseo Manzana San Dimas, CA 3
    • 4 beds 3 baths ∙ 2,809 Sqft ∙ Built 1977 4 beds 3 baths ∙ 2,809 Sqft ∙ Built 1977
    LEASED 10/07/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,800
    • $1.35
    •  
  • 1034 Calle Carrillo San Dimas, CA 4
    • 5 beds 3 baths ∙ 2,792 Sqft ∙ Built 1972 5 beds 3 baths ∙ 2,792 Sqft ∙ Built 1972
    LEASED 10/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,800
    • $1.36
    •  
PROPERTY LISTING DETAILS
Mark Fog
Re/max Resources
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: CV20187102
Last Updated: 11/05/2020
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