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16124 Augusta Drive Chino Hills, CA 91709

4 Beds 3 Baths 1,814 sqft Built 1988

$679,900

List Price

$2,510

$2.3K - $2.8K

Rent Est.

PROPERTY INFO

February 11, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1988
  • Price/Sqft : $374.81
  • 5 Days on Market
  • MLS # : CV21024693
  • Updated Date : 02/10/2021 at 13:04
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,814 sqft
  • Baths : 2 full , 1 half
Listing Agent

One West Realty

Listing Agent's Description

LOOK NO FURTHER AND WELCOME YOURSELF TO THIS GORGEOUS PROPERTY !! Highly desirable area located just minutes away from Chino Hills State Park, known for their mountain and city views. Upon entry you are greeted by the newly beautiful tile soft grey porcelain flooring which is installed throughout the bottom level. You will appreciate the high ceiling and all the natural lighting beaming through the window into the living, dining and formal family room, custom plantation shutters, cozy fireplace. This renovated kitchen offers granite countertops, stainless steel appliances, and a mosaic tile backsplash that accents the floor beautifully. This property has many upgrades including ceramic bamboo flooring seen throughout the upper level including the stairs. Bathrooms have been completely remodeled for that sleek modern look. Enjoy the California sunshine in this back yard landscaped to perfection with a patio cover and a jacuzzi. This very well maintained house will capture your attention! !!!You must see it ! , schedule your private showing today! VIRTUAL TOUR AVAILABLE.

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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)
  • 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
Robert O. Townsend Junior High School Middle Regular 1,082 39 8
Chino Hills High School High Regular 3,012 111 8
Chino Hills High School High Unknown NA

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

Chino Hills High School

  • Education Level: High
  • # of students:
  • # of teachers:
NA
GreatSchools Rating
 

$611,910$747,890$679,900

PURCHASE PRICE

$2,259$2,761$2,510

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,510
EXPENSES Loan Payment -$2,362
Property Tax -$656
Property Insurance -$71
Property Management Fees -$148
CASH FLOW
-$727

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.

$679,900

PROJECTED PRICE

$2,510

PROJECTED RENT

0.37%

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

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$185,924

INVESTMENT

$185,924

Down Payment
$169,975
Rehab Estimate
$5,750
Closing Costs
$10,199

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,362

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $169,975
Loan Amount $509,925
See What Happens When You Reinvest Cash Flow

0.67

YEARS SAVED

$1,681

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,510

    LIST RENT
  • $1.38

    LIST RENT PER SQFT
  • $2,653

    COMP ESTIMATED VALUE
  • $1.46

    COMP AVG. RENT PER SQFT
Comps Range
$2,500
1$2,5002$2,5103$2,6004$2,7005$2,800
$2,800
RENT COMPS ANALYSIS
  • 16124 Augusta Drive Chino Hills, CA 2
    • 4 beds 3 baths ∙ 1,814 Sqft ∙ Built 1988 4 beds 3 baths ∙ 1,814 Sqft ∙ Built 1988
    • Rent
    • Rent Per SQFT
    •  
    • $2,510
    • $1.38
    •  
  • 15762 Rolling Ridge Drive Chino Hills, CA 1
    • 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
    •  
  • 16123 Firestone Lane Chino Hills, CA 3
    • 4 beds 3 baths ∙ 1,814 Sqft ∙ Built 1989 4 beds 3 baths ∙ 1,814 Sqft ∙ Built 1989
    LEASED 07/06/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,600
    • $1.43
    •  
  • 16189 Pebble Beach Lane Chino Hills, CA 4
    • 4 beds 3 baths ∙ 1,814 Sqft ∙ Built 1988 4 beds 3 baths ∙ 1,814 Sqft ∙ Built 1988
    LEASED 04/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,700
    • $1.49
    •  
  • 16312 Starstone Road Chino Hills, CA 5
    • 4 beds 3 baths ∙ 1,973 Sqft ∙ Built 1996 4 beds 3 baths ∙ 1,973 Sqft ∙ Built 1996
    LEASED 08/09/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,800
    • $1.42
    •  
PROPERTY LISTING DETAILS
Angelica Ortega
One West Realty
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: CV21024693
Last Updated: 02/10/2021
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