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1408 Calle De Oro San Dimas, CA 91773

5 Beds 2 Baths 2,662 sqft Built 1975

$895,000

List Price

$3,620

$3.4K - $3.9K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
FACTS
  • Single Family
  • Built In 1975
  • Price/Sqft : $336.21
  • 26 Days on Market
  • MLS # : CV21037917
  • Updated Date : 03/20/2021 at 19:45
CONSTRUCTION
  • Beds : 5
  • Floor Size : 2,662 sqft
  • Baths : 2 full
Listing Agent

Keller Williams Covina

Listing Agent's Description

Be the second owner of this spacious home on a cul de sac, in the highly sought after Via Verde neighborhood in San Dimas. When you walk in you are greeted by an inviting formal living room and dining room which comfortably accommodates seating for six or more. Open floor plan, family living room with a wood burning fireplace, downstairs, bed/office room conveniently located, full bathroom and kitchen with breakfast counter, granite counter tops, big pantry, dining area with French doors leading to a large back & side Yard. The laundry room is located downstairs with door leading to a 3 car garage. Upstairs master bedroom, master bathroom with double sinks and a walk in closet, shower, Jacuzzi tub and lots of cabinets, there are three additional bedrooms and another full bath upstairs. AC unit almost new (approx. two years old) & New Heater Unit. Perfect location with nearby parks, walking trails, horse trails, Bonelli Park, neighborhood shops and great access to the 57/10/71/210 Fwys. Professional photos will be provided by end of March.

SEE MORE

MARKET HIGHLIGHTS

  • Southern California's economy is worth $1.58 trillion in Gross Metro Product and projected to grow to $1.67 trillion (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)
  • 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)
  • 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)
  • 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]
  • 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)

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
Gladstone Elementary School Primary Regular 515 23 9
Lone Hill Middle School Middle Regular 946 36 8
San Dimas High School High Regular 1,363 52 8

Gladstone Elementary School

  • Education Level: Primary
  • # of students: 515
  • # of teachers: 23
9
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
 

$805,500$984,500$895,000

PURCHASE PRICE

$3,258$3,982$3,620

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,620
EXPENSES Loan Payment -$3,109
Property Tax -$914
Property Insurance -$91
Property Management Fees -$177
CASH FLOW
-$671

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.

$895,000

PROJECTED PRICE

$3,620

PROJECTED RENT

0.40%

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-$15k-$10k-$5.0k$0.0$5.0k$10k$15k$20k$25k

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$242,925

INVESTMENT

$242,925

Down Payment
$223,750
Rehab Estimate
$5,750
Closing Costs
$13,425

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 60% down payment or higher enables the proceeds from the asset to cover all costs.

$3,109

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $223,750
Loan Amount $671,250
See What Happens When You Reinvest Cash Flow

2.33

YEARS SAVED

$15,674

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,620

    LIST RENT
  • $1.36

    LIST RENT PER SQFT
  • $3,620

    COMP ESTIMATED VALUE
  • $1.36

    COMP AVG. RENT PER SQFT
Comps Range
$3,500
1$3,5002$3,6003$3,6204$3,8005$3,800
$3,800
RENT COMPS ANALYSIS
  • 1408 Calle De Oro San Dimas, CA 3
    • 5 beds 2 baths ∙ 2,662 Sqft ∙ Built 1975 5 beds 2 baths ∙ 2,662 Sqft ∙ Built 1975
    • Rent
    • Rent Per SQFT
    •  
    • $3,620
    • $1.36
    •  
  • 919 Via Amadeo San Dimas, CA 1
    • 4 beds 3 baths ∙ 2,532 Sqft ∙ Built 1987 4 beds 3 baths ∙ 2,532 Sqft ∙ Built 1987
    LEASED 09/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,500
    • $1.38
    •  
  • 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 4
    • 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 5
    • 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
Majid Al Bassam
Keller Williams Covina
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: CV21037917
Last Updated: 03/20/2021
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