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15081 Oakwood Lane Chino Hills, CA 91709

4 Beds 2 Baths 1,829 sqft Built 1968

$669,900

List Price

$2,620

$2.4K - $2.9K

Rent Est.

PROPERTY INFO

FACTS
  • Single Family
  • Built In 1968
  • Price/Sqft : $366.27
  • 73 Days on Market
  • MLS # : CV20213707
  • Updated Date : 12/15/2020 at 10:53
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,829 sqft
  • Baths : 2 full
Listing Agent

Coldwell Banker Top Team

Listing Agent's Description

Luxurious living in the heart of Chino Hills! Get ready to fall in love with the updated, move in ready single story home! Step inside the entry way into the living room and you will immediately appreciate the loving detail poured into this home. From the plush carpets on the room floors to the accented tiles that adorn the spacious kitchen floor. A well crafted custom cabinet encases a wide screen television. Transition into the kitchen and you are greeted with a huge center island, granite counter tops, beautiful tile back splash with pot filler, new, upgraded appliances and plenty of counter space that encompasses a large portion of the kitchen area. The generous sized master bedroom is truly a retreat with an en suite bathroom that includes a spacious shower with glass enclosure. The backyard features a very private area for entertaining family & friends, and direct access to the neighborhood park for the kids. Come see what Chino Hills has to offer---Including 42 city parks along with Chino Hills state park (with over 90 miles of trails!) In addition, Los Serranos Golf Course/Country Club, Western Hills Golf Course/Country Club, Chino Hills Community Center, The Shoppes @ Chino Hills, and easy access to local freeways! Hurry, this beautiful home won't be on the market long!!!

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MARKET HIGHLIGHTS

  • 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]
  • 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)
  • As part of Southern California area, Inland Empire market inherits all the benefits from the area.
  • 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 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's economy is worth $1.58 trillion in Gross Metro Product and projected to grow to $1.67 trillion (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)

PRICE & RENT TRENDS

Neighborhood: Chino Hills

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450k500k550k600k650k700kPrice in $149k727k

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

Neighborhood: Chino Hills

NeighborhoodNIR Market*CityMarket2010Year2000 Q22019 Q212001400160018002000220024002600Rent in $10822735

* 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
Glenmeade Elementary School Primary Regular 549 21 6
Robert O. Townsend Junior High School Middle Regular 1,082 39 8
Chino Hills High School High Regular 3,012 111 8

Glenmeade Elementary School

  • Education Level: Primary
  • # of students: 549
  • # of teachers: 21
6
GreatSchools Rating

Robert O. Townsend Junior High School

  • Education Level: Middle
  • # of students: 1,082
  • # of teachers: 39
8
GreatSchools Rating

Chino Hills High School

  • Education Level: High
  • # of students: 3,012
  • # of teachers: 111
8
GreatSchools Rating
 

$602,910$736,890$669,900

PURCHASE PRICE

$2,358$2,882$2,620

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,620
EXPENSES Loan Payment -$2,472
Property Tax -$610
Property Insurance -$71
Property Management Fees -$155
CASH FLOW
-$688

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.

$669,900

PROJECTED PRICE

$2,620

PROJECTED RENT

0.39%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.95%
Appreciation Year (1-5) 5.1%
Maintenance Year (1-5) 8.00%
Vacancy 5.35%
Length of Stay Years 2

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M$1.6M$1.8M

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$200k$400k$600k$800k$1.0M$1.2M$1.4M$1.6M$1.8M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$183,274

INVESTMENT

$183,274

Down Payment
$167,475
Rehab Estimate
$5,750
Closing Costs
$10,049

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,472

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $167,475
Loan Amount $502,425
See What Happens When You Reinvest Cash Flow

1.17

YEARS SAVED

$4,145

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,620

    LIST RENT
  • $1.43

    LIST RENT PER SQFT
  • $2,670

    COMP ESTIMATED VALUE
  • $1.46

    COMP AVG. RENT PER SQFT
Comps Range
$2,350
1$2,3502$2,5003$2,5504$2,6205$2,700
$2,700
RENT COMPS ANALYSIS
  • 15081 Oakwood Lane Chino Hills, CA 4
    • 4 beds 2 baths ∙ 1,829 Sqft ∙ Built 1968 4 beds 2 baths ∙ 1,829 Sqft ∙ Built 1968
    • Rent
    • Rent Per SQFT
    •  
    • $2,620
    • $1.43
    •  
  • 3968 Rosebay Street Chino Hills, CA 1
    • 4 beds 2 baths ∙ 1,700 Sqft ∙ Built 1974 4 beds 2 baths ∙ 1,700 Sqft ∙ Built 1974
    LEASED 01/21/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,350
    • $1.38
    •  
  • 15762 Rolling Ridge Drive Chino Hills, CA 2
    • 4 beds 2 baths ∙ 1,651 Sqft ∙ Built 1974 4 beds 2 baths ∙ 1,651 Sqft ∙ Built 1974
    LEASED 06/25/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $1.51
    •  
  • 4325 Ironwood Drive Chino Hills, CA 3
    • 4 beds 3 baths ∙ 1,726 Sqft ∙ Built 1987 4 beds 3 baths ∙ 1,726 Sqft ∙ Built 1987
    LEASED 09/19/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,550
    • $1.48
    •  
  • 3796 Daisy Drive Chino Hills, CA 5
    • 4 beds 3 baths ∙ 1,838 Sqft ∙ Built 1983 4 beds 3 baths ∙ 1,838 Sqft ∙ Built 1983
    LEASED 09/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,700
    • $1.47
    •  
PROPERTY LISTING DETAILS
Kevin George
Coldwell Banker Top Team
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: CV20213707
Last Updated: 12/15/2020
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