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2019 Whitebluff Drive San Dimas, CA 91773

3 Beds 2 Baths 2,129 sqft Built 1965

$780,000

List Price

$2,820

$2.6K - $3.1K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 19, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1965
  • Price/Sqft : $366.37
  • 3 Days on Market
  • MLS # : CV21058118
  • Updated Date : 03/19/2021 at 18:11
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,129 sqft
  • Baths : 2 full
Listing Agent

Re/max Innovations

Listing Agent's Description

You have to see this home to appreciate its uniqueness This beautiful one story home is located in a highly desirable neighborhood of San Dimas and reflects the pride of home ownership. It is located next to the San Dimas golf course and is within the highly sought after Bonita School District. As soon as you approach this home, you notice the privacy it offers. The long winding driveway leads into the attached 2 car garage and provides parking for multiple vehicles. Home includes RV potential access. As you walk through private front gate, you enter a courtyard with seating area for your outside enjoyment. Impressive double doors lead you into an inviting living room area with a window view to the front yard that includes a small patio providing a sitting area with a peak-a-boo view for those warm summer nights. Entertain your guests in family room, dining room and kitchen which all flow into each other. An enclosed permitted patio offers a seating area for relaxing and taking in the unique ambiance this residence offers. This home boasts of a newer remodeled kitchen, dining room and family room with a fireplace for great entertaining. Bath rooms are also newer remodeled, along with floors, doors, air conditioning/furnace, roof, double pane windows, and partial plumbing. Low maintenance back yard. Immaculate and move in ready!

SEE MORE

MARKET HIGHLIGHTS

  • Southern California's economy is worth $1.58 trillion in Gross Metro Product and projected to grow to $1.67 trillion (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)
  • 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)
  • 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)
  • 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]
  • 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)

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
Shull Elementary School Primary Regular 598 22 10
Lone Hill Middle School Middle Regular 946 36 8
San Dimas High School High Regular 1,363 52 8

Shull Elementary School

  • Education Level: Primary
  • # of students: 598
  • # of teachers: 22
10
GreatSchools Rating

Lone Hill Middle School

  • Education Level: Middle
  • # of students: 946
  • # of teachers: 36
8
GreatSchools Rating

San Dimas High School

  • Education Level: High
  • # of students: 1,363
  • # of teachers: 52
8
GreatSchools Rating
 

$702,000$858,000$780,000

PURCHASE PRICE

$2,538$3,102$2,820

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,820
EXPENSES Loan Payment -$2,709
Property Tax -$797
Property Insurance -$78
Property Management Fees -$138
CASH FLOW
-$902

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.

$780,000

PROJECTED PRICE

$2,820

PROJECTED RENT

0.36%

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$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$212,450

INVESTMENT

$212,450

Down Payment
$195,000
Rehab Estimate
$5,750
Closing Costs
$11,700

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,709

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $195,000
Loan Amount $585,000
See What Happens When You Reinvest Cash Flow

0.67

YEARS SAVED

$2,005

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,820

    LIST RENT
  • $1.32

    LIST RENT PER SQFT
  • $3,007

    COMP ESTIMATED VALUE
  • $1.41

    COMP AVG. RENT PER SQFT
Comps Range
$2,650
1$2,6502$2,8203$3,1404$3,2005$3,200
$3,200
RENT COMPS ANALYSIS
  • 2019 Whitebluff Drive San Dimas, CA 2
    • 3 beds 2 baths ∙ 2,129 Sqft ∙ Built 1965 3 beds 2 baths ∙ 2,129 Sqft ∙ Built 1965
    • Rent
    • Rent Per SQFT
    •  
    • $2,820
    • $1.32
    •  
  • 1821 Hawkbrook Drive San Dimas, CA 1
    • 3 beds 2 baths ∙ 2,017 Sqft ∙ Built 1964 3 beds 2 baths ∙ 2,017 Sqft ∙ Built 1964
    LEASED 03/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,650
    • $1.31
    •  
  • 4706 Bunnelle Ave La Verne, CA 3
    • 4 beds 2 baths ∙ 2,123 Sqft ∙ Built 1976 4 beds 2 baths ∙ 2,123 Sqft ∙ Built 1976
    LEASED 08/16/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,140
    • $1.48
    •  
  • 2226 Virginia Avenue La Verne, CA 4
    • 3 beds 3 baths ∙ 2,251 Sqft ∙ Built 1979 3 beds 3 baths ∙ 2,251 Sqft ∙ Built 1979
    LEASED 02/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,200
    • $1.42
    •  
  • 1162 Oak Knoll Ter La Verne, CA 5
    • 4 beds 2 baths ∙ 2,224 Sqft ∙ Built 1973 4 beds 2 baths ∙ 2,224 Sqft ∙ Built 1973
    LEASED 02/04/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,200
    • $1.44
    •  
PROPERTY LISTING DETAILS
Theresa Jaggers
Re/max Innovations
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: CV21058118
Last Updated: 03/19/2021
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