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1409 Guadalajara Place Claremont, CA 91711

3 Beds 2 Baths 1,260 sqft Built 1951

$615,000

List Price

$2,590

$2.3K - $2.8K

Rent Est.

PROPERTY INFO

80% chance this property will be sold within the next 20 days HOT INVESTMENT
October 30, 2020 RECENTLY ADDED
FACTS
  • Built In 1951
  • Price/Sqft : $488.10
  • 8 Days on Market
  • MLS # : CV20227114
  • Updated Date : 11/02/2020 at 14:57
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,260 sqft
  • Baths : 2 full
Listing Agent

Re/max Champions

Listing Agent's Description

CLAREMONT'S MOST EXCLUSIVE LISTING, EXCLUSIVE LISTING PICS NOT FOUND ONLINE. DRIVE BY AND SEE THIS BEAUTIFUL TREE LINED SHADY CUL DE SAC! Welcome home to your classic claremont charmer! located on a Quiet shady cul de sac. This is an absolutely delightful property located just north of the Claremont Colleges, Botanic gardens, field station and walking distance to college park shopping center. There are 3 bedrooms and 2 baths as well as a lovely living and dining area. The secondary bedrooms are very roomy. The back yard is a grassy oasis! This home boasts of upgrades! Cork (eco friendly) flooring kitchen, Tankless water heater, upgraded electric panel and a Gorgeous wood fire place. Original 50s tile in bathrooms has been well maintained to preserve classic mid century character coupled with modern Double paned windows throughout home.The home offers a Large custom built outdoor wood deck, Enclosed sunroom with closet storage and a grassy back yard perfect for entertaining family and friends. The Kitchen offers Butcher block countertops and a chefs sink with a view of the neighborhood. Energy efficient micro-split units for heating and cooling in all major rooms (all bedrooms and living room/kitchen space) with storage room in back of garage. Other upgrades include Original hardwood floors throughout, ceiling fans in major rooms, custom shelving and much more. Zoned for Sycamore Elementary

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: Chaparral

NeighborhoodNIR Market*CityMarket2010Year20002019200k250k300k350k400k450k500k550k600k650k700k750k800k850kPrice in $199k856k

* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR

Neighborhood: Chaparral

NeighborhoodNIR Market*CityMarket2010Year2000 Q42019 Q21800200022002400260028003000320034003600Rent in $16453697

* 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
Sycamore Elementary School Primary Regular 381 14 8
Sycamore Elementary School Middle Regular 381 14 8
Claremont High School High Regular 2,423 92 9

Sycamore Elementary School

  • Education Level: Primary
  • # of students: 381
  • # of teachers: 14
8
GreatSchools Rating

Sycamore Elementary School

  • Education Level: Middle
  • # of students: 381
  • # of teachers: 14
8
GreatSchools Rating

Claremont High School

  • Education Level: High
  • # of students: 2,423
  • # of teachers: 92
9
GreatSchools Rating
 

$553,500$676,500$615,000

PURCHASE PRICE

$2,331$2,849$2,590

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,590
EXPENSES Loan Payment -$2,269
Property Tax -$645
Property Insurance -$58
Property Management Fees -$127
CASH FLOW
-$509

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.

$615,000

PROJECTED PRICE

$2,590

PROJECTED RENT

0.42%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.56%
Appreciation Year (1-5) 7.7%
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$168,725

INVESTMENT

$168,725

Down Payment
$153,750
Rehab Estimate
$5,750
Closing Costs
$9,225

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,269

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $153,750
Loan Amount $461,250
See What Happens When You Reinvest Cash Flow

2.33

YEARS SAVED

$11,990

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,590

    LIST RENT
  • $2.06

    LIST RENT PER SQFT
  • $2,196

    COMP ESTIMATED VALUE
  • $1.74

    COMP AVG. RENT PER SQFT
Comps Range
$2,300
1$2,3002$2,5903$2,7004$2,7005$2,720
$2,720
RENT COMPS ANALYSIS
  • 1409 Guadalajara Place Claremont, CA 2
    • 3 beds 2 baths ∙ 1,260 Sqft ∙ Built 1951 3 beds 2 baths ∙ 1,260 Sqft ∙ Built 1951
    • Rent
    • Rent Per SQFT
    •  
    • $2,590
    • $2.06
    •  
  • 631 Harvard Avenue Claremont, CA 1
    • 3 beds 2 baths ∙ 1,428 Sqft ∙ Built 1964 3 beds 2 baths ∙ 1,428 Sqft ∙ Built 1964
    LEASED 09/22/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,300
    • $1.61
    •  
  • 777 W 12th Street Claremont, CA 3
    • 3 beds 2 baths ∙ 1,544 Sqft ∙ Built 1956 3 beds 2 baths ∙ 1,544 Sqft ∙ Built 1956
    LEASED 09/11/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,700
    • $1.75
    •  
  • 1815 Roanoke Road Claremont, CA 4
    • 3 beds 2 baths ∙ 1,560 Sqft ∙ Built 1964 3 beds 2 baths ∙ 1,560 Sqft ∙ Built 1964
    LEASED 07/12/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,700
    • $1.73
    •  
  • 1639 Denver Avenue Claremont, CA 5
    • 3 beds 2 baths ∙ 1,450 Sqft ∙ Built 1962 3 beds 2 baths ∙ 1,450 Sqft ∙ Built 1962
    LEASED 06/07/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,720
    • $1.88
    •  
PROPERTY LISTING DETAILS
Anthony Grynchal
Re/max Champions
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: CV20227114
Last Updated: 11/02/2020
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