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1826 Pontenova Avenue Hacienda Heights, CA 91745

3 Beds 2 Baths 1,627 sqft Built 1956

$729,000

List Price

$2,690

$2.4K - $2.9K

Rent Est.

PROPERTY INFO

November 11, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1956
  • Price/Sqft : $448.06
  • 5 Days on Market
  • MLS # : RS20228699
  • Updated Date : 11/11/2020 at 12:05
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,627 sqft
  • Baths : 2 full
Listing Agent

Paradise Realty

Listing Agent's Description

In a peaceful and quiet neighborhood is an absolutely beautiful and charming home located in the heart of Hacienda Heights. This single-family one story with POOL and SOLAR house features open floor plan that has three bedrooms, two full baths, and a formal living room that extended space could be used as family room or a great room. Separate laundry room next to Kitchen. It also features a beautifully front yard with a spacious front driveway and POOL in back yard perfect for family gathering and swimming more enjoyable. Walking distance to highly rated ELEMENTARY SCHOOL where you will find excellent teachers/staff and awesome students work together to make it a great place to learn and thrive! Convenient location close to shopping malls, supermarkets and the 60 Pomona freeway.

SEE MORE

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)
  • 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]
  • 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)

PRICE & RENT TRENDS

Neighborhood: Hacienda Heights

NeighborhoodNIR Market*CityMarket2010Year20002019200k250k300k350k400k450k500k550k600k650k700k750k800k850kPrice in $199k856k

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

Neighborhood: Hacienda Heights

NeighborhoodNIR Market*CityMarket2010Year2000 Q42019 Q216001800200022002400260028003000320034003600Rent in $15593697

* 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
Mesa Robles School Primary Regular 1,080 42 9
Mesa Robles School Middle Regular 1,080 42 9
Glen A. Wilson High School High Regular 1,616 64 9

Mesa Robles School

  • Education Level: Primary
  • # of students: 1,080
  • # of teachers: 42
9
GreatSchools Rating

Mesa Robles School

  • Education Level: Middle
  • # of students: 1,080
  • # of teachers: 42
9
GreatSchools Rating

Glen A. Wilson High School

  • Education Level: High
  • # of students: 1,616
  • # of teachers: 64
9
GreatSchools Rating
 

$656,100$801,900$729,000

PURCHASE PRICE

$2,421$2,959$2,690

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,690
EXPENSES Loan Payment -$2,690
Property Tax -$749
Property Insurance -$66
Property Management Fees -$132
CASH FLOW
-$947

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.

$729,000

PROJECTED PRICE

$2,690

PROJECTED RENT

0.37%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.56%
Appreciation Year (1-5) 5.1%
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$198,935

INVESTMENT

$198,935

Down Payment
$182,250
Rehab Estimate
$5,750
Closing Costs
$10,935

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,690

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $182,250
Loan Amount $546,750
See What Happens When You Reinvest Cash Flow

0.5

YEARS SAVED

$1,412

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,690

    LIST RENT
  • $1.65

    LIST RENT PER SQFT
  • $2,892

    COMP ESTIMATED VALUE
  • $1.78

    COMP AVG. RENT PER SQFT
Comps Range
$2,650
1$2,6502$2,6503$2,6904$2,8005$2,850
$2,850
RENT COMPS ANALYSIS
  • 1826 Pontenova Avenue Hacienda Heights, CA 3
    • 3 beds 2 baths ∙ 1,627 Sqft ∙ Built 1956 3 beds 2 baths ∙ 1,627 Sqft ∙ Built 1956
    • Rent
    • Rent Per SQFT
    •  
    • $2,690
    • $1.65
    •  
  • 1926 Kellerton Drive La Puente, CA 1
    • 3 beds 2 baths ∙ 1,600 Sqft ∙ Built 1955 3 beds 2 baths ∙ 1,600 Sqft ∙ Built 1955
    LEASED 09/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,650
    • $1.66
    •  
  • 16001 La Monde Street Hacienda Heights, CA 2
    • 3 beds 1 baths ∙ 1,429 Sqft ∙ Built 1968 3 beds 1 baths ∙ 1,429 Sqft ∙ Built 1968
    LEASED 09/21/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,650
    • $1.85
    •  
  • 1920 Olympus Avenue Hacienda Heights, CA 4
    • 4 beds 2 baths ∙ 1,554 Sqft ∙ Built 1956 4 beds 2 baths ∙ 1,554 Sqft ∙ Built 1956
    LEASED 02/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,800
    • $1.80
    •  
  • 16179 Flamstead Drive Hacienda Heights, CA 5
    • 4 beds 3 baths ∙ 1,582 Sqft ∙ Built 1955 4 beds 3 baths ∙ 1,582 Sqft ∙ Built 1955
    LEASED 11/22/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,850
    • $1.80
    •  
PROPERTY LISTING DETAILS
Kenny Park
Paradise Realty
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: RS20228699
Last Updated: 11/11/2020
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