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15085 Calle Barcelona Chino Hills, CA 91709

3 Beds 2 Baths 1,817 sqft Built 1996

$748,000

List Price

$3,260

$3K - $3.5K

Rent Est.

PROPERTY INFO

February 08, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1996
  • Price/Sqft : $411.67
  • 7 Days on Market
  • MLS # : CV21024480
  • Updated Date : 02/08/2021 at 12:04
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,817 sqft
  • Baths : 2 full
Listing Agent

Compass

Listing Agent's Description

Welcome home to the beautiful and scenic city of Chino Hills. Come see this Amazing Single Story Home offering unbelievable privacy. Located on a gorgeous and very quiet street. Mature trees and landscaping encompass this property giving it great curb appeal. The three car garage spaces will give you lots of space for cars or storage. Perfectly situated so you don’t see any neighbors out your windows! This home is extremely clean and very open! Notice the high angled ceilings throughout the open floor plan. A large office allows opportunity for a fourth bedroom conversion. Effortlessly make your way through the home noticing wide hallways, ceiling fans in every bedroom, along with oversized windows giving you plenty of extra natural light. The generously sized master bedroom offers a soaking tub, separate walk in shower, and huge walk in closet. This property checks all the boxes and more! Enjoy the peaceful street location in a desirable neighborhood with adequate on street parking. City light views glisten at night giving the perfect ending to your busy day. Come in and let us show you around your next home!

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)
  • 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)
  • 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.

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
Canyon Hills Junior High School Middle Regular 1,163 40 9
Ruben S. Ayala High School High Regular 2,606 98 10

Canyon Hills Junior High School

  • Education Level: Middle
  • # of students: 1,163
  • # of teachers: 40
9
GreatSchools Rating

Ruben S. Ayala High School

  • Education Level: High
  • # of students: 2,606
  • # of teachers: 98
10
GreatSchools Rating
 

$673,200$822,800$748,000

PURCHASE PRICE

$2,934$3,586$3,260

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,260
EXPENSES Loan Payment -$2,598
Property Tax -$926
Property Insurance -$71
Property Management Fees -$192
CASH FLOW
-$528

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.

$748,000

PROJECTED PRICE

$3,260

PROJECTED RENT

0.44%

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$500k$1.0M$1.5M$2.0M

PROJECTED ANNUAL CASH FLOW

11530-$10k-$5.0k$0.0$5.0k$10k$15k$20k

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$203,970

INVESTMENT

$203,970

Down Payment
$187,000
Rehab Estimate
$5,750
Closing Costs
$11,220

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,598

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $187,000
Loan Amount $561,000
See What Happens When You Reinvest Cash Flow

2

YEARS SAVED

$9,767

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,260

    LIST RENT
  • $1.79

    LIST RENT PER SQFT
  • $2,789

    COMP ESTIMATED VALUE
  • $1.54

    COMP AVG. RENT PER SQFT
Comps Range
$2,600
1$2,6002$2,7003$2,8004$2,8005$3,260
$3,260
RENT COMPS ANALYSIS
  • 15085 Calle Barcelona Chino Hills, CA 5
    • 3 beds 2 baths ∙ 1,817 Sqft ∙ Built 1996 3 beds 2 baths ∙ 1,817 Sqft ∙ Built 1996
    • Rent
    • Rent Per SQFT
    •  
    • $3,260
    • $1.79
    •  
  • 15427 Ficus Street Chino Hills, CA 1
    • 3 beds 3 baths ∙ 1,758 Sqft ∙ Built 1988 3 beds 3 baths ∙ 1,758 Sqft ∙ Built 1988
    LEASED 12/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,600
    • $1.48
    •  
  • 2665 Pointe Coupee Chino Hills, CA 2
    • 4 beds 3 baths ∙ 1,861 Sqft ∙ Built 1993 4 beds 3 baths ∙ 1,861 Sqft ∙ Built 1993
    LEASED 02/01/21
    • Rent
    • Rent Per SQFT
    •  
    • $2,700
    • $1.45
    •  
  • 2556 Paseo Tortuga Chino Hills, CA 3
    • 3 beds 3 baths ∙ 1,634 Sqft ∙ Built 1992 3 beds 3 baths ∙ 1,634 Sqft ∙ Built 1992
    LEASED 08/22/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,800
    • $1.71
    •  
  • 14706 Bordeaux Lane Chino Hills, CA 4
    • 4 beds 2 baths ∙ 1,861 Sqft ∙ Built 1991 4 beds 2 baths ∙ 1,861 Sqft ∙ Built 1991
    LEASED 08/26/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,800
    • $1.50
    •  
PROPERTY LISTING DETAILS
Carl Capitano
Compass
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: CV21024480
Last Updated: 02/08/2021
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