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1626 Via Estrella Pomona, CA 91768

3 Beds 3 Baths 2,185 sqft Built 1987

$659,000

List Price

$2,870

$2.6K - $3.1K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 04, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1987
  • Price/Sqft : $301.60
  • 5 Days on Market
  • MLS # : CV21044886
  • Updated Date : 03/05/2021 at 14:44
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,185 sqft
  • Baths : 3 full
Listing Agent

Realty One Group Masters

Listing Agent's Description

This Gorgeous Home has been Completely Remodeled with Highest Grade Product and Taste. This Home features a Remodeled Kitchen with Beautiful Dark Wood Cabinets, Granite Counter Tops, and Upgraded Appliances Throughout. All 3 Bathrooms have been Completely Renovated with High End Shower Doors and Natural Stone. This Home is a 3 Bedroom and 3 Bathrooms with a Bonus Room located Downstairs which can be used as a 4th Bedroom. Upstairs excess Space has been Converted into a Laundry Room for your Convenience. Also Included in the Upgrades are New Windows, New Recessed Lighting, New Paint, New Flooring, Tankless Water Heater, New Awnings, New Window Coverings, Security Doors in the Rear as Well as an Alarm. This Beautiful Property is Nestled in the Hills inside a Gated Community with Stunning Views from the Master Bedroom and Backyard/Courtyard. This is an Absolute Dream Property, Turn-key and waiting for you.

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • 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]
  • 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's economy is worth $1.58 trillion in Gross Metro Product and projected to grow to $1.67 trillion (USMayors.org, 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 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: Pomona

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450k500k550k600kPrice in $138k622k

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

Neighborhood: Pomona

NeighborhoodNIR Market*CityMarket2010Year2000 Q42019 Q214001600180020002200240026002800Rent in $12562941

* 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
Marshall Middle School Middle Regular 504 21 5
Ganesha High School High Regular 1,131 51 4
Marshall Middle School Middle Unknown NA

Marshall Middle School

  • Education Level: Middle
  • # of students: 504
  • # of teachers: 21
5
GreatSchools Rating

Ganesha High School

  • Education Level: High
  • # of students: 1,131
  • # of teachers: 51
4
GreatSchools Rating

Marshall Middle School

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

$593,100$724,900$659,000

PURCHASE PRICE

$2,583$3,157$2,870

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,870
EXPENSES Loan Payment -$2,289
Property Tax -$678
Property Insurance -$80
HOA -$259
Property Management Fees -$141
CASH FLOW
-$576

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 12% of earned rent to cover both maintenance and periods of vacancy.

$659,000

PROJECTED PRICE

$2,870

PROJECTED RENT

0.44%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.35%
Appreciation Year (1-5) 7.8%
Maintenance Year (1-5) 8.00%
Vacancy 4.14%
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$180,385

INVESTMENT

$180,385

Down Payment
$164,750
Rehab Estimate
$5,750
Closing Costs
$9,885

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,289

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $164,750
Loan Amount $494,250
See What Happens When You Reinvest Cash Flow

1.58

YEARS SAVED

$6,559

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,870

    LIST RENT
  • $1.31

    LIST RENT PER SQFT
  • $3,081

    COMP ESTIMATED VALUE
  • $1.41

    COMP AVG. RENT PER SQFT
Comps Range
$2,850
1$2,8502$2,8703$3,200
$3,200
RENT COMPS ANALYSIS
  • 1626 Via Estrella Pomona, CA 2
    • 3 beds 3 baths ∙ 2,185 Sqft ∙ Built 1987 3 beds 3 baths ∙ 2,185 Sqft ∙ Built 1987
    • Rent
    • Rent Per SQFT
    •  
    • $2,870
    • $1.31
    •  
  • 2317 Bonita Avenue La Verne, CA 1
    • 4 beds 3 baths ∙ 2,018 Sqft ∙ Built 1988 4 beds 3 baths ∙ 2,018 Sqft ∙ Built 1988
    LEASED 07/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,850
    • $1.41
    •  
  • 1723 Lordsburg Court La Verne, CA 3
    • 4 beds 3 baths ∙ 2,262 Sqft ∙ Built 2006 4 beds 3 baths ∙ 2,262 Sqft ∙ Built 2006
    LEASED 08/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,200
    • $1.41
    •  
PROPERTY LISTING DETAILS
David Cazares
Realty One Group Masters
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: CV21044886
Last Updated: 03/05/2021
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