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17960 Paseo Valle Chino Hills, CA 91709

4 Beds 3 Baths 2,631 sqft Built 1989

$819,000

List Price

$2,890

$2.6K - $3.1K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
February 17, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1989
  • Price/Sqft : $311.29
  • 5 Days on Market
  • MLS # : CV21033038
  • Updated Date : 02/20/2021 at 12:04
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,631 sqft
  • Baths : 3 full
Listing Agent

King Realty Group, Inc

Listing Agent's Description

Beautifully Upgraded Chino Hills Home. Excellent location close to all. Walk to schools & parks, minutes to freeways, shopping & restaurants. 2 story home features up to 5 spacious bedrooms and 3 full baths, (5th bedroom currently used as a bonus room, 4th bedroom currently used as office downstairs, all bathrooms and been remodeled), 2631 sqft., 3 car garage- fully finished with upgraded lighting and epoxy flooring. As you enter you'll be pleasantly greeted by the warmth, style and charm of this unique home. Excellent floor plan, impressive spiral staircase, living room, dining room and large family room located off the kitchen. Spacious private rear yard, nicely landscaped and hardscaping including built-in BBQ, full size patio cover and outdoor living area. The home is meticulously maintained and upgraded throughout, including new 24x24 tile flooring and new carpet. Tesla Solar Panels for maximum energy savings and efficiency (Buyer Must Assume Loan Balance). Monthly expense for solar ranges from $80 to $120 per month. Monthly Edison bill is appx. 95 cents per month resulting in an overall monthly savings on electricity bill of up to $500 per month. Ceiling fans in all bedrooms and living areas including rear patio plus a whole house fan. This home located in the highly sought after Chino Hills. Surrounded by rolling hills and unbelievable views, excellent schools, newer shopping centers, all providing for the best lifestyle for you and your family. Won't last. Call today!

SEE MORE

MARKET HIGHLIGHTS

  • 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.
  • 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)

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
 

$737,100$900,900$819,000

PURCHASE PRICE

$2,601$3,179$2,890

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,890
EXPENSES Loan Payment -$2,845
Property Tax -$792
Property Insurance -$91
Property Management Fees -$171
CASH FLOW
-$1,008

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.

$819,000

PROJECTED PRICE

$2,890

PROJECTED RENT

0.35%

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-$15k-$10k-$5.0k$0.0$5.0k$10k

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$222,785

INVESTMENT

$222,785

Down Payment
$204,750
Rehab Estimate
$5,750
Closing Costs
$12,285

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 70% down payment or higher enables the proceeds from the asset to cover all costs.

$2,845

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $204,750
Loan Amount $614,250
See What Happens When You Reinvest Cash Flow

0.33

YEARS SAVED

$526

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,890

    LIST RENT
  • $1.1

    LIST RENT PER SQFT
  • $3,166

    COMP ESTIMATED VALUE
  • $1.2

    COMP AVG. RENT PER SQFT
Comps Range
$2,890
1$2,8902$3,0003$3,1954$3,200
$3,200
RENT COMPS ANALYSIS
  • 17960 Paseo Valle Chino Hills, CA 1
    • 4 beds 3 baths ∙ 2,631 Sqft ∙ Built 1989 4 beds 3 baths ∙ 2,631 Sqft ∙ Built 1989
    • Rent
    • Rent Per SQFT
    •  
    • $2,890
    • $1.10
    •  
  • 5953 Park Crest Drive Chino Hills, CA 2
    • 5 beds 3 baths ∙ 2,488 Sqft ∙ Built 1996 5 beds 3 baths ∙ 2,488 Sqft ∙ Built 1996
    LEASED 05/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,000
    • $1.21
    •  
  • 18003 Via La Cresta Chino Hills, CA 3
    • 5 beds 3 baths ∙ 2,631 Sqft ∙ Built 1988 5 beds 3 baths ∙ 2,631 Sqft ∙ Built 1988
    LEASED 07/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,195
    • $1.21
    •  
  • 6158 Sevenoaks Street Chino Hills, CA 4
    • 4 beds 3 baths ∙ 2,700 Sqft ∙ Built 1988 4 beds 3 baths ∙ 2,700 Sqft ∙ Built 1988
    LEASED 12/23/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,200
    • $1.19
    •  
PROPERTY LISTING DETAILS
Percy Segura
King Realty Group, Inc
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: CV21033038
Last Updated: 02/20/2021
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