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1986 Radford Avenue Claremont, CA 91711

4 Beds 3 Baths 2,351 sqft Built 1963

$909,000

List Price

$3,220

$3K - $3.5K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 05, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1963
  • Price/Sqft : $386.64
  • 3 Days on Market
  • MLS # : CV21045159
  • Updated Date : 03/06/2021 at 09:44
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,351 sqft
  • Baths : 2 full , 1 half
Listing Agent

Realty One Group West

Listing Agent's Description

Gorgeous!!! And that's an understatement to describe this contemporary Single Story pool home in Claremont! Welcoming curb appeal offers drought tolerant landscaping with a seating area to relax and enjoy the sunshine! Upon entry you will find warm wood laminate flooring running throughout living areas and hallways. The inviting living room features a custom stacked stone fireplace, wood mantel with extended hearth, crown molding and plantation shutters. The many windows allow in loads of natural light. The family room also offers a custom fireplace and exposed beam ceiling with views of the serene backyard. Open kitchen offers granite countertops, classic white cabinetry, stainless steel appliances, countertop seating and a eat-in dining area. Custom barn door and entertainment center complete this living space! Master bedroom is carpeted with a slider to the back patio, walk-in closet and a recently (2020) remodeled bathroom! The 3 additional bedrooms are carpeted and one is being used as gym/home office. You'll fall in love with the backyard oasis! Covered patio, pebble finished pool & spa, tropical landscaping and with two teared artificial turf saving on water bills! Recent upgrades include cement driveway, plantation shutters, outdoor shed, pool equipment and remodeled master bathroom. Claremont has so much to offer with the vibrant Village with shoppes and restaurants, The Claremont Colleges and nearby nature for hikes and mountain biking! Award winning schools!

SEE MORE

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)
  • 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]
  • 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's economy is worth $1.58 trillion in Gross Metro Product and projected to grow to $1.67 trillion (USMayors.org, 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 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: Condit

NeighborhoodNIR Market*CityMarket2010Year20002019200k250k300k350k400k450k500k550k600k650k700k750k800k850kPrice in $199k856k

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

Neighborhood: Condit

NeighborhoodNIR Market*CityMarket2010Year2000 Q42019 Q21800200022002400260028003000320034003600Rent in $16653697

* 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
El Roble Intermediate School Middle Regular 1,068 43 7
Claremont High School High Regular 2,423 92 9
El Roble Intermediate School Middle Unknown NA

El Roble Intermediate School

  • Education Level: Middle
  • # of students: 1,068
  • # of teachers: 43
7
GreatSchools Rating

Claremont High School

  • Education Level: High
  • # of students: 2,423
  • # of teachers: 92
9
GreatSchools Rating

El Roble Intermediate School

  • Education Level: Middle
  • # of students:
  • # of teachers:
NA
GreatSchools Rating
 

$818,100$999,900$909,000

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 -$3,157
Property Tax -$958
Property Insurance -$84
Property Management Fees -$158
CASH FLOW
-$1,137

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.

$909,000

PROJECTED PRICE

$3,220

PROJECTED RENT

0.35%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.56%
Appreciation Year (1-5) 6.0%
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$2.5M

PROJECTED ANNUAL CASH FLOW

11530-$20k-$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$2.5M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$246,635

INVESTMENT

$246,635

Down Payment
$227,250
Rehab Estimate
$5,750
Closing Costs
$13,635

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$3,157

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $227,250
Loan Amount $681,750
See What Happens When You Reinvest Cash Flow

0.42

YEARS SAVED

$1,120

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
  • $1.37

    LIST RENT PER SQFT
  • $3,191

    COMP ESTIMATED VALUE
  • $1.36

    COMP AVG. RENT PER SQFT
Comps Range
$2,600
1$2,6002$2,9853$3,1004$3,2005$3,220
$3,220
RENT COMPS ANALYSIS
  • 1986 Radford Avenue Claremont, CA 5
    • 4 beds 3 baths ∙ 2,351 Sqft ∙ Built 1963 4 beds 3 baths ∙ 2,351 Sqft ∙ Built 1963
    • Rent
    • Rent Per SQFT
    •  
    • $3,220
    • $1.37
    •  
  • 888 Syracuse Drive Claremont, CA 1
    • 4 beds 3 baths ∙ 2,252 Sqft ∙ Built 1963 4 beds 3 baths ∙ 2,252 Sqft ∙ Built 1963
    LEASED 05/06/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,600
    • $1.15
    •  
  • 1814 Roanoke Road Claremont, CA 2
    • 4 beds 3 baths ∙ 2,297 Sqft ∙ Built 1965 4 beds 3 baths ∙ 2,297 Sqft ∙ Built 1965
    LEASED 09/14/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,985
    • $1.30
    •  
  • 1098 Syracuse Dr Claremont, CA 3
    • 3 beds 1 baths ∙ 2,004 Sqft ∙ Built 1964 3 beds 1 baths ∙ 2,004 Sqft ∙ Built 1964
    LEASED 07/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,100
    • $1.55
    •  
  • 430 Redlands Avenue Claremont, CA 4
    • 4 beds 2 baths ∙ 2,243 Sqft ∙ Built 1966 4 beds 2 baths ∙ 2,243 Sqft ∙ Built 1966
    LEASED 12/18/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,200
    • $1.43
    •  
PROPERTY LISTING DETAILS
Carlos Samuelson
Realty One Group West
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: CV21045159
Last Updated: 03/06/2021
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