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1446 Avenida Loma San Dimas, CA 91773

3 Beds 1 Baths 1,420 sqft Built 1972

$738,000

List Price

$2,790

$2.5K - $3K

Rent Est.

PROPERTY INFO

80% chance this property will be sold within the next 20 days HOT INVESTMENT
February 05, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1972
  • Price/Sqft : $519.72
  • 3 Days on Market
  • MLS # : CV21024379
  • Updated Date : 02/05/2021 at 10:34
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,420 sqft
  • Baths : 1 full
Listing Agent

Re/max Masters Realty

Listing Agent's Description

Don't miss this neat and spotless upgraded single story home with no HOA, and with a terrific golf course view from the family room, the kitchen and the master bedroom. Features of this property include: great curb appeal, mature landscaping, a tile roof, a concrete driveway, newer windows and doors, an open and airy floor plan, a living room with a fireplace, a separate family room, a kitchen with plenty of storage, three spacious bedrooms including a master bedroom with it's own bathroom, an inside laundry room, a large back yard that overlooks the golf course for the Via Verde Country Club. Other features include: new interior paint, new carpet and flooring, a covered patio, mirror closet doors, plantation shutters, cathedral ceilings, central heat and air conditioning, ceiling fans, a covered patio, and a 2 car attached garage with pedestrian access to the home. To see the floor plan, please click on the virtual tour.

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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: 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
Royal Oak Middle School Middle Regular 720 30 6
Charter Oak High School High Regular 1,735 61 6

Royal Oak Middle School

  • Education Level: Middle
  • # of students: 720
  • # of teachers: 30
6
GreatSchools Rating

Charter Oak High School

  • Education Level: High
  • # of students: 1,735
  • # of teachers: 61
6
GreatSchools Rating
 

$664,200$811,800$738,000

PURCHASE PRICE

$2,511$3,069$2,790

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,790
EXPENSES Loan Payment -$2,563
Property Tax -$722
Property Insurance -$61
Property Management Fees -$137
CASH FLOW
-$694

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.

$738,000

PROJECTED PRICE

$2,790

PROJECTED RENT

0.38%

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

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$201,320

INVESTMENT

$201,320

Down Payment
$184,500
Rehab Estimate
$5,750
Closing Costs
$11,070

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,563

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $184,500
Loan Amount $553,500
See What Happens When You Reinvest Cash Flow

1.5

YEARS SAVED

$6,616

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,790

    LIST RENT
  • $1.96

    LIST RENT PER SQFT
  • $2,599

    COMP ESTIMATED VALUE
  • $1.83

    COMP AVG. RENT PER SQFT
Comps Range
$2,350
1$2,3502$2,6503$2,7904$3,000
$3,000
RENT COMPS ANALYSIS
  • 1446 Avenida Loma San Dimas, CA 3
    • 3 beds 1 baths ∙ 1,420 Sqft ∙ Built 1972 3 beds 1 baths ∙ 1,420 Sqft ∙ Built 1972
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,790
    • $1.96
    •  
  • 4805 N Mangrove Avenue Covina, CA 1
    • 3 beds 2 baths ∙ 1,270 Sqft ∙ Built 1956 3 beds 2 baths ∙ 1,270 Sqft ∙ Built 1956
    property image
    LEASED 09/09/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,350
    • $1.85
    •  
  • 1327 Paseo Placita San Dimas, CA 2
    • 3 beds 2 baths ∙ 1,420 Sqft ∙ Built 1972 3 beds 2 baths ∙ 1,420 Sqft ∙ Built 1972
    property image
    LEASED 05/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,650
    • $1.87
    •  
  • 1717 Paseo Jardin San Dimas, CA 4
    • 3 beds 2 baths ∙ 1,692 Sqft ∙ Built 1974 3 beds 2 baths ∙ 1,692 Sqft ∙ Built 1974
    property image
    LEASED 10/24/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,000
    • $1.77
    •  
PROPERTY LISTING DETAILS
Jonathan Starr
Re/max Masters Realty
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: CV21024379
Last Updated: 02/05/2021
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