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16165 Pebble Beach Lane Chino Hills, CA 91709

4 Beds 3 Baths 1,814 sqft Built 1988

$649,800

List Price

$2,500

$2.3K - $2.8K

Rent Est.

PROPERTY INFO

October 30, 2020 RECENTLY ADDED
FACTS
  • Built In 1988
  • Price/Sqft : $358.21
  • 5 Days on Market
  • MLS # : CV20229248
  • Updated Date : 10/30/2020 at 15:02
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,814 sqft
  • Baths : 2 full , 1 half
Listing Agent

Help-u-sell Prestige Prop's

Listing Agent's Description

Turnkey 4 bedroom, 2 1/2-bathroom view home in desirable neighborhood of Chino Hills! Double door entry leads to a spacious living room enjoying dramatic vaulted ceilings, fireplace and laminate wood flooring. Formal dining room with ceiling fan and also featuring laminate wood flooring. Remodeled kitchen has quartz counters, recessed lighting, stainless-steel stove, microwave and refrigerator. Kitchen opens to the family room and a French door leads to the patio. Master bedroom with high ceilings, fan and on-suite bathroom with dual sink vanity & upgraded quartz counters and an abundance of closet space. Remodeled guest bathroom with upgraded quartz counter. Nice size secondary bedrooms. Serene and private backyard features concrete patio, lush lawn area with foothill, mountain and valley light views. Notable extras include newer neutral carpeting upstairs, newer heating and air, block wall and wrought iron fencing and bonus storage shed. Walking distance to Wickman Elementary School and close to Townsend Middle, Chino Hills High School, freeways, Costco, Ranch 99 Market and "The Shoppes at Chino Hills"

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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
Michael G. Wickman Elementary School Primary Regular 931 33 9
Michael G. Wickman Elementary School Middle Regular 931 33 9
Chino Hills High School High Regular 3,012 111 8

Michael G. Wickman Elementary School

  • Education Level: Primary
  • # of students: 931
  • # of teachers: 33
9
GreatSchools Rating

Michael G. Wickman Elementary School

  • Education Level: Middle
  • # of students: 931
  • # of teachers: 33
9
GreatSchools Rating

Chino Hills High School

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

$584,820$714,780$649,800

PURCHASE PRICE

$2,250$2,750$2,500

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,500
EXPENSES Loan Payment -$2,397
Property Tax -$627
Property Insurance -$71
Property Management Fees -$148
CASH FLOW
-$743

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.

$649,800

PROJECTED PRICE

$2,500

PROJECTED RENT

0.38%

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-$15k-$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$177,947

INVESTMENT

$177,947

Down Payment
$162,450
Rehab Estimate
$5,750
Closing Costs
$9,747

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,397

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $162,450
Loan Amount $487,350
See What Happens When You Reinvest Cash Flow

0.67

YEARS SAVED

$1,935

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,500

    LIST RENT
  • $1.38

    LIST RENT PER SQFT
  • $2,635

    COMP ESTIMATED VALUE
  • $1.45

    COMP AVG. RENT PER SQFT
Comps Range
$2,350
1$2,3502$2,5003$2,5004$2,6005$2,700
$2,700
RENT COMPS ANALYSIS
  • 16165 Pebble Beach Lane Chino Hills, CA 3
    • 4 beds 3 baths ∙ 1,814 Sqft ∙ Built 1988 4 beds 3 baths ∙ 1,814 Sqft ∙ Built 1988
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $1.38
    •  
  • 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
    •  
  • 16123 Firestone Lane Chino Hills, CA 4
    • 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 5
    • 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
    •  
PROPERTY LISTING DETAILS
Patrick Wood
Help-u-sell Prestige Prop's
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: CV20229248
Last Updated: 10/30/2020
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