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1855 Old Baldy Way Upland, CA 91784

4 Beds 3 Baths 2,828 sqft Built 2002

$724,999

List Price

$3,130

$2.9K - $3.4K

Rent Est.

PROPERTY INFO

November 02, 2020 RECENTLY ADDED
FACTS
  • Built In 2002
  • Price/Sqft : $256.36
  • 3 Days on Market
  • MLS # : TR20230350
  • Updated Date : 11/02/2020 at 22:04
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,828 sqft
  • Baths : 2 full , 1 half
Listing Agent

First Team Real Estate

Listing Agent's Description

Beautiful and gorgeous home nestled along the foothills, in the highly sought after area of The Colonies in Upland. This home boasts a welcoming entryway into the formal living room and dining areas. An open floor plan makes easy access from the family room to the kitchen, which accommodates a breakfast nook and center island, plenty of cupboard storage, and a walk-in pantry for commodious stockpiling. The family room features a fireplace and media space, and a half bath is conveniently located towards the garage. Upstairs, you will find a large corner loft area that features custom built-in shelves and desk area, with ample storage bins, ideal for recreation, relaxation, study, or workspace. The master suite features a retreat as well as an ensuite bathroom with dual vanities. Each of the bedrooms is spacious with a hall bathroom. A separate laundry room provides even more storage for organization. The backyard features a covered patio, offering plenty of room for playing, gardening, pets, or BBQ fun, perfect for entertaining friends and family. The side yard features a quiet and romantic retreat area. Excellent Upland school district and Life in this community combine small-town charm with great outdoor recreation, like jogging/walking trails, parks, and playgrounds. Close to lots of shopping and restaurants, services, and easy quick access to the 210 Fwy. Overall a very friendly and quiet neighborhood with so much, much more to offer. Don't miss out on this wonderful home!

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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)
  • 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'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.

PRICE & RENT TRENDS

Neighborhood: The Colonies

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450k500k550k600k650k700k750kPrice in $149k760k

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

Neighborhood: The Colonies

NeighborhoodNIR Market*CityMarket2010Year2000 Q22019 Q2120014001600180020002200240026002800Rent in $10822990

* 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
Foothill Knolls Elementary School Primary Regular 447 19 5
Pioneer Junior High School Middle Regular 928 37 9
Upland High School High Regular 3,456 137 7

Foothill Knolls Elementary School

  • Education Level: Primary
  • # of students: 447
  • # of teachers: 19
5
GreatSchools Rating

Pioneer Junior High School

  • Education Level: Middle
  • # of students: 928
  • # of teachers: 37
9
GreatSchools Rating

Upland High School

  • Education Level: High
  • # of students: 3,456
  • # of teachers: 137
7
GreatSchools Rating
 

$652,499$797,499$724,999

PURCHASE PRICE

$2,817$3,443$3,130

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,130
EXPENSES Loan Payment -$2,675
Property Tax -$667
Property Insurance -$96
HOA -$90
Property Management Fees -$185
CASH FLOW
-$582

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.

$724,999

PROJECTED PRICE

$3,130

PROJECTED RENT

0.43%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.95%
Appreciation Year (1-5) 5.8%
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-$10k-$5.0k$0.0$5.0k$10k$15k$20k

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$197,875

INVESTMENT

$197,875

Down Payment
$181,250
Rehab Estimate
$5,750
Closing Costs
$10,875

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,675

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $181,250
Loan Amount $543,749
See What Happens When You Reinvest Cash Flow

1.92

YEARS SAVED

$10,673

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,130

    LIST RENT
  • $1.11

    LIST RENT PER SQFT
  • $3,153

    COMP ESTIMATED VALUE
  • $1.12

    COMP AVG. RENT PER SQFT
Comps Range
$3,000
1$3,0002$3,0003$3,1004$3,1305$3,400
$3,400
RENT COMPS ANALYSIS
  • 1855 Old Baldy Way Upland, CA 4
    • 4 beds 3 baths ∙ 2,828 Sqft ∙ Built 2002 4 beds 3 baths ∙ 2,828 Sqft ∙ Built 2002
    • Rent
    • Rent Per SQFT
    •  
    • $3,130
    • $1.11
    •  
  • 1887 Pinnacle Way Upland, CA 1
    • 4 beds 3 baths ∙ 2,828 Sqft ∙ Built 2003 4 beds 3 baths ∙ 2,828 Sqft ∙ Built 2003
    LEASED 08/24/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,000
    • $1.06
    •  
  • 1860 Richards Place Upland, CA 2
    • 5 beds 3 baths ∙ 2,900 Sqft ∙ Built 2005 5 beds 3 baths ∙ 2,900 Sqft ∙ Built 2005
    LEASED 07/26/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,000
    • $1.03
    •  
  • 1884 Richards Place Upland, CA 3
    • 5 beds 3 baths ∙ 2,646 Sqft ∙ Built 2005 5 beds 3 baths ∙ 2,646 Sqft ∙ Built 2005
    LEASED 02/23/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,100
    • $1.17
    •  
  • 1415 Pluma Street Upland, CA 5
    • 4 beds 3 baths ∙ 2,828 Sqft ∙ Built 2003 4 beds 3 baths ∙ 2,828 Sqft ∙ Built 2003
    LEASED 10/29/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,400
    • $1.20
    •  
PROPERTY LISTING DETAILS
Bill Torres
First Team Real Estate
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: TR20230350
Last Updated: 11/02/2020
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