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1809 Nottingham Lane San Dimas, CA 91773

3 Beds 2 Baths 1,662 sqft Built 1980

$774,900

List Price

$2,640

$2.4K - $2.9K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 11, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1980
  • Price/Sqft : $466.25
  • 4 Days on Market
  • MLS # : CV21050249
  • Updated Date : 03/13/2021 at 10:34
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,662 sqft
  • Baths : 2 full
Listing Agent

Coldwell Banker Blackstone Rty

Listing Agent's Description

As you enter through the gorgeous custom front door, you immediately notice the pride in ownership of this stunning single-story home. The spacious formal living room just off the tiled entryway features a vaulted ceiling and large window allowing in plenty of natural light. Enjoy preparing holiday meals in the kitchen with custom cabinets, granite counter tops, stainless steel range and beautiful wood laminate floor with large bay window facing the backyard. Light a fire on those cold winter nights in the brick fireplace located in the family room with sliding glass door access to the back yard. The large primary suite with walk in closet features a large double door entry. Plenty of room with two remaining bedrooms. The backyard is beautifully landscaped and designed for entertaining with a covered patio and pool/spa that’s gated to keep your loved ones safe. Located in a quiet neighborhood at the end of a cul-de-sac, you don’t want to miss this opportunity to own this truly special San Dimas home.

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MARKET HIGHLIGHTS

  • Southern California area contributes to 55.3% of California state economy i.e. Gross State Product (USMayors.org, 2018)
  • As part of Southern California area, Los Angeles market inherits all the benefits from the area.
  • 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)
  • 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)

PRICE & RENT TRENDS

Neighborhood: San Dimas

NeighborhoodNIR Market*CityMarket2010Year20002019200k250k300k350k400k450k500k550k600k650k700k750k800k850kPrice in $199k856k

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

Neighborhood: San Dimas

NeighborhoodNIR Market*CityMarket2010Year2000 Q42019 Q216001800200022002400260028003000320034003600Rent in $15463697

* 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
Royal Oak Middle School Middle Regular 720 30 6
Charter Oak High School High Regular 1,735 61 6

Royal Oak Middle School

  • Education Level: Middle
  • # of students: 720
  • # of teachers: 30
6
GreatSchools Rating

Charter Oak High School

  • Education Level: High
  • # of students: 1,735
  • # of teachers: 61
6
GreatSchools Rating
 

$697,410$852,390$774,900

PURCHASE PRICE

$2,376$2,904$2,640

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,640
EXPENSES Loan Payment -$2,692
Property Tax -$817
Property Insurance -$67
Property Management Fees -$129
CASH FLOW
-$1,065

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.

$774,900

PROJECTED PRICE

$2,640

PROJECTED RENT

0.34%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.56%
Appreciation Year (1-5) 7.0%
Maintenance Year (1-5) 8.00%
Vacancy 5.05%
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$211,099

INVESTMENT

$211,099

Down Payment
$193,725
Rehab Estimate
$5,750
Closing Costs
$11,624

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,692

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $193,725
Loan Amount $581,175
See What Happens When You Reinvest Cash Flow

0.25

YEARS SAVED

$298

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,640

    LIST RENT
  • $1.59

    LIST RENT PER SQFT
  • $2,717

    COMP ESTIMATED VALUE
  • $1.64

    COMP AVG. RENT PER SQFT
Comps Range
$2,300
1$2,3002$2,3003$2,6004$2,6405$2,650
$2,650
RENT COMPS ANALYSIS
  • 1809 Nottingham Lane San Dimas, CA 4
    • 3 beds 2 baths ∙ 1,662 Sqft ∙ Built 1980 3 beds 2 baths ∙ 1,662 Sqft ∙ Built 1980
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,640
    • $1.59
    •  
  • 1204 N Sunflower Avenue Covina, CA 1
    • 3 beds 3 baths ∙ 1,384 Sqft ∙ Built 1990 3 beds 3 baths ∙ 1,384 Sqft ∙ Built 1990
    property image
    LEASED 11/06/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,300
    • $1.66
    •  
  • 1842 E Covina Boulevard Covina, CA 2
    • 3 beds 2 baths ∙ 1,377 Sqft ∙ Built 1985 3 beds 2 baths ∙ 1,377 Sqft ∙ Built 1985
    property image
    LEASED 11/16/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,300
    • $1.67
    •  
  • 1418 Avenida Loma Vista San Dimas, CA 3
    • 4 beds 1 baths ∙ 1,635 Sqft ∙ Built 1972 4 beds 1 baths ∙ 1,635 Sqft ∙ Built 1972
    property image
    LEASED 07/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,600
    • $1.59
    •  
  • 1330 Avenida Loma San Dimas, CA 5
    • 4 beds 2 baths ∙ 1,635 Sqft ∙ Built 1973 4 beds 2 baths ∙ 1,635 Sqft ∙ Built 1973
    property image
    LEASED 08/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,650
    • $1.62
    •  
PROPERTY LISTING DETAILS
Christopher Ades
Coldwell Banker Blackstone Rty
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: CV21050249
Last Updated: 03/13/2021
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