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1914 Ano Nuevo Drive Diamond Bar, CA 91765

4 Beds 2 Baths 2,025 sqft Built 1970

$869,888

List Price

$3,220

$3K - $3.5K

Rent Est.

PROPERTY INFO

January 27, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1970
  • Price/Sqft : $429.57
  • 8 Days on Market
  • MLS # : CV21005157
  • Updated Date : 01/28/2021 at 05:08
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,025 sqft
  • Baths : 2 full
Listing Agent

Coldwell Banker Blackstone Rty

Listing Agent's Description

Stunning Panoramic City Lights and Rolling Hills View Home Located in the Very Desirable South Diamond Bar Neighborhood. Enter Through the Beautiful Double Doors that Lead into the Separate Living/Dining Room with a Cozy Rockfaced Fireplace. Kitchen has Many Features Including Stainless Steel Appliances, White Cabinets, Recessed Lights, Breakfast Bar, Bay Window and Opens to the Family Room. One of the Four Bedrooms is Conveniently Located Downstairs with Separate Bathroom with a Shower. Upstairs There are Three Additional Spacious Bedrooms. The Master Bedroom Has a Sliding Glass Window that Leads to a Private Balcony. Enjoy a Cup of Coffee or a Glass of Wine While Enjoying the Resort Style Backyard with Large Swimming Pool with Spa and Majestic Views. This Beautiful Home Also Offers: Potential RV Parking, New Paint, Ceiling Fans, Covered Patio and More.. Do Not Miss the Opportunity to View this Amazing Home!!!

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MARKET HIGHLIGHTS

  • 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]
  • 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)

PRICE & RENT TRENDS

Neighborhood: Diamond Bar

NeighborhoodNIR Market*CityMarket2010Year20002019200k250k300k350k400k450k500k550k600k650k700k750k800k850kPrice in $199k856k

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

Neighborhood: Diamond Bar

NeighborhoodNIR Market*CityMarket2010Year2000 Q42019 Q21800200022002400260028003000320034003600Rent in $17843697

* 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
Maple Hill Elementary School Primary Regular 523 19 10
Chaparral Middle School Middle Regular 1,236 46 10
Diamond Bar High School High Regular 3,050 111 9

Maple Hill Elementary School

  • Education Level: Primary
  • # of students: 523
  • # of teachers: 19
10
GreatSchools Rating

Chaparral Middle School

  • Education Level: Middle
  • # of students: 1,236
  • # of teachers: 46
10
GreatSchools Rating

Diamond Bar High School

  • Education Level: High
  • # of students: 3,050
  • # of teachers: 111
9
GreatSchools Rating
 

$782,899$956,877$869,888

PURCHASE PRICE

$2,898$3,542$3,220

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,220
EXPENSES Loan Payment -$3,021
Property Tax -$888
Property Insurance -$76
Property Management Fees -$158
CASH FLOW
-$923

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.

$869,888

PROJECTED PRICE

$3,220

PROJECTED RENT

0.37%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.56%
Appreciation Year (1-5) 3.5%
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$15k

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$236,270

INVESTMENT

$236,270

Down Payment
$217,472
Rehab Estimate
$5,750
Closing Costs
$13,048

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$3,021

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $217,472
Loan Amount $652,416
See What Happens When You Reinvest Cash Flow

1.17

YEARS SAVED

$4,242

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,220

    LIST RENT
  • $1.59

    LIST RENT PER SQFT
  • $3,215

    COMP ESTIMATED VALUE
  • $1.59

    COMP AVG. RENT PER SQFT
Comps Range
$3,000
1$3,0002$3,0003$3,2004$3,2005$3,220
$3,220
RENT COMPS ANALYSIS
  • 1914 Ano Nuevo Drive Diamond Bar, CA 5
    • 4 beds 2 baths ∙ 2,025 Sqft ∙ Built 1970 4 beds 2 baths ∙ 2,025 Sqft ∙ Built 1970
    • Rent
    • Rent Per SQFT
    •  
    • $3,220
    • $1.59
    •  
  • 2025 Morning Canyon Road Diamond Bar, CA 1
    • 4 beds 2 baths ∙ 2,025 Sqft ∙ Built 1964 4 beds 2 baths ∙ 2,025 Sqft ∙ Built 1964
    LEASED 08/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,000
    • $1.48
    •  
  • 22448 Mountain Laurel Way Diamond Bar, CA 2
    • 4 beds 2 baths ∙ 1,889 Sqft ∙ Built 1968 4 beds 2 baths ∙ 1,889 Sqft ∙ Built 1968
    LEASED 09/09/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,000
    • $1.59
    •  
  • 1755 Ano Nuevo Drive Diamond Bar, CA 3
    • 4 beds 2 baths ∙ 2,013 Sqft ∙ Built 1973 4 beds 2 baths ∙ 2,013 Sqft ∙ Built 1973
    LEASED 11/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,200
    • $1.59
    •  
  • 1655 Maple Hill Road Diamond Bar, CA 4
    • 4 beds 2 baths ∙ 1,889 Sqft ∙ Built 1968 4 beds 2 baths ∙ 1,889 Sqft ∙ Built 1968
    LEASED 01/14/21
    • Rent
    • Rent Per SQFT
    •  
    • $3,200
    • $1.69
    •  
PROPERTY LISTING DETAILS
Rosemarie Apodaca
Coldwell Banker Blackstone Rty
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: CV21005157
Last Updated: 01/28/2021
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