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1712 S Hamilton Boulevard Pomona, CA 91766

3 Beds 1 Baths 1,084 sqft Built 1953

$499,000

List Price

$2,100

$1.9K - $2.3K

Rent Est.

PROPERTY INFO

December 24, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1953
  • Price/Sqft : $460.33
  • 4 Days on Market
  • MLS # : DW20262482
  • Updated Date : 12/26/2020 at 12:04
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,084 sqft
  • Baths : 1 full
Listing Agent

First Team Real Estate - Torrance

Listing Agent's Description

Upgraded 3 bedroom 1 bathroom ready to move-in!!! The home features an updated kitchen. Kitchen has new espresso shaker cabinets, quartz counter tops, hardware and fixtures. Appliance voucher for stainless steel range, dishwasher and microwave-hood (provided at close of escrow, includes delivery and installation). Other upgrades include new laminate flooring in living room, dining room, kitchen, new carpet in the bedrooms, freshly painted exterior and interior. Upgraded bathroom with new double vanity, tub surround and tile floors. Ceiling fans in living room. Large private backyard, spacious driveway allows for off street parking.

SEE MORE

MARKET HIGHLIGHTS

  • 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's economy is worth $1.58 trillion in Gross Metro Product and projected to grow to $1.67 trillion (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 has 58.7% labor force participation rate; within this area, Los Angeles metro has 62.3% labor force participation rate (USMayors.org, 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)
  • 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]

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
Lexington Elementary School Primary Regular 650 29 6
Lexington Elementary School Middle Regular 650 29 6
Fremont Academy High Regular 851 38 4

Lexington Elementary School

  • Education Level: Primary
  • # of students: 650
  • # of teachers: 29
6
GreatSchools Rating

Lexington Elementary School

  • Education Level: Middle
  • # of students: 650
  • # of teachers: 29
6
GreatSchools Rating

Fremont Academy

  • Education Level: High
  • # of students: 851
  • # of teachers: 38
4
GreatSchools Rating
 

$449,100$548,900$499,000

PURCHASE PRICE

$1,890$2,310$2,100

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,100
EXPENSES Loan Payment -$1,841
Property Tax -$550
Property Insurance -$53
Property Management Fees -$103
CASH FLOW
-$448

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.

$499,000

PROJECTED PRICE

$2,100

PROJECTED RENT

0.42%

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

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$137,985

INVESTMENT

$137,985

Down Payment
$124,750
Rehab Estimate
$5,750
Closing Costs
$7,485

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,841

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $124,750
Loan Amount $374,250
See What Happens When You Reinvest Cash Flow

2

YEARS SAVED

$7,532

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,100

    LIST RENT
  • $1.94

    LIST RENT PER SQFT
  • $1,762

    COMP ESTIMATED VALUE
  • $1.63

    COMP AVG. RENT PER SQFT
Comps Range
$1,895
1$1,8952$1,9003$2,0504$2,1005$2,400
$2,400
RENT COMPS ANALYSIS
  • 1712 S Hamilton Boulevard Pomona, CA 4
    • 3 beds 1 baths ∙ 1,084 Sqft ∙ Built 1953 3 beds 1 baths ∙ 1,084 Sqft ∙ Built 1953
    • Rent
    • Rent Per SQFT
    •  
    • $2,100
    • $1.94
    •  
  • 1942 Denison Street Pomona, CA 1
    • 3 beds 1 baths ∙ 1,092 Sqft ∙ Built 1952 3 beds 1 baths ∙ 1,092 Sqft ∙ Built 1952
    LEASED 10/29/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,895
    • $1.74
    •  
  • 1624 Jess Street Pomona, CA 2
    • 3 beds 2 baths ∙ 1,228 Sqft ∙ Built 1947 3 beds 2 baths ∙ 1,228 Sqft ∙ Built 1947
    LEASED 08/26/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,900
    • $1.55
    •  
  • 1790 Calatina Drive Pomona, CA 3
    • 3 beds 1 baths ∙ 1,328 Sqft ∙ Built 1954 3 beds 1 baths ∙ 1,328 Sqft ∙ Built 1954
    LEASED 01/31/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,050
    • $1.54
    •  
  • 1846 Denison Street Pomona, CA 5
    • 3 beds 1 baths ∙ 1,434 Sqft ∙ Built 1950 3 beds 1 baths ∙ 1,434 Sqft ∙ Built 1950
    LEASED 08/30/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,400
    • $1.67
    •  
PROPERTY LISTING DETAILS
Judi Reimer
First Team Real Estate - Torrance
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: DW20262482
Last Updated: 12/26/2020
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