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2055 N San Antonio Avenue Upland, CA 91784

3 Beds 2 Baths 2,116 sqft Built 1958

$750,000

List Price

$2,780

$2.5K - $3K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 05, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1958
  • Price/Sqft : $354.44
  • 3 Days on Market
  • MLS # : IG21046196
  • Updated Date : 03/06/2021 at 05:06
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,116 sqft
  • Baths : 2 full
Listing Agent

Active Realty

Listing Agent's Description

This is the charming single story you've been looking for!! Featuring 3 bedrooms and 2.75 bathrooms, located in a great neighborhood in Upland. The bright kitchen is complete with garden views and granite countertops. Beautiful property, with an open concept yard. Offering over 14,000 sq. ft, this spacious lot has room for all your toys, multiple cars even your RV. Beautiful garden with lots of mature fruit trees. Easy access to major freeways, shopping and restaurants. This is a Must See!

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)
  • 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.
  • 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)

PRICE & RENT TRENDS

Neighborhood: Upland

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450k500k550k600kPrice in $143k642k

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

Neighborhood: Upland

NeighborhoodNIR Market*CityMarket2010Year2000 Q22019 Q21200140016001800200022002400Rent in $10822575

* 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
Pioneer Junior High School Middle Regular 928 37 9
Upland High School High Regular 3,456 137 7

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
 

$675,000$825,000$750,000

PURCHASE PRICE

$2,502$3,058$2,780

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,780
EXPENSES Loan Payment -$2,605
Property Tax -$688
Property Insurance -$78
Property Management Fees -$164
CASH FLOW
-$755

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.

$750,000

PROJECTED PRICE

$2,780

PROJECTED RENT

0.37%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.96%
Appreciation Year (1-5) 6.1%
Maintenance Year (1-5) 8.00%
Vacancy 5.43%
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$204,500

INVESTMENT

$204,500

Down Payment
$187,500
Rehab Estimate
$5,750
Closing Costs
$11,250

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,605

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $187,500
Loan Amount $562,500
See What Happens When You Reinvest Cash Flow

0.92

YEARS SAVED

$2,871

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,780

    LIST RENT
  • $1.31

    LIST RENT PER SQFT
  • $3,042

    COMP ESTIMATED VALUE
  • $1.44

    COMP AVG. RENT PER SQFT
Comps Range
$2,780
1$2,7802$2,8503$2,9254$3,3005$3,500
$3,500
RENT COMPS ANALYSIS
  • 2055 N San Antonio Avenue Upland, CA 1
    • 3 beds 2 baths ∙ 2,116 Sqft ∙ Built 1958 3 beds 2 baths ∙ 2,116 Sqft ∙ Built 1958
    • Rent
    • Rent Per SQFT
    •  
    • $2,780
    • $1.31
    •  
  • 880 Kimberly Court Upland, CA 2
    • 4 beds 1 baths ∙ 1,926 Sqft ∙ Built 1973 4 beds 1 baths ∙ 1,926 Sqft ∙ Built 1973
    LEASED 02/10/21
    • Rent
    • Rent Per SQFT
    •  
    • $2,850
    • $1.48
    •  
  • 1845 Mulberry Way Upland, CA 3
    • 4 beds 3 baths ∙ 2,262 Sqft ∙ Built 1975 4 beds 3 baths ∙ 2,262 Sqft ∙ Built 1975
    LEASED 12/19/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,925
    • $1.29
    •  
  • 588 W 17th Street Upland, CA 4
    • 4 beds 2 baths ∙ 2,239 Sqft ∙ Built 1970 4 beds 2 baths ∙ 2,239 Sqft ∙ Built 1970
    LEASED 06/25/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,300
    • $1.47
    •  
  • 2109 N San Antonio Avenue Upland, CA 5
    • 4 beds 3 baths ∙ 2,316 Sqft ∙ Built 1973 4 beds 3 baths ∙ 2,316 Sqft ∙ Built 1973
    LEASED 02/19/21
    • Rent
    • Rent Per SQFT
    •  
    • $3,500
    • $1.51
    •  
PROPERTY LISTING DETAILS
Belinda Anzo
Active Realty
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: IG21046196
Last Updated: 03/06/2021
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