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213 W Nubia Street San Dimas, CA 91773

3 Beds 1 Baths 1,040 sqft Built 1960

$544,900

List Price

$2,120

$1.9K - $2.3K

Rent Est.

PROPERTY INFO

November 24, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1960
  • Price/Sqft : $523.94
  • 7 Days on Market
  • MLS # : CV20241681
  • Updated Date : 11/28/2020 at 13:00
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,040 sqft
  • Baths : 1 full
Listing Agent

Ehs Realty

Listing Agent's Description

Great starter home on a corner lot! This opportunity just needs a little TLC to make it your very own! The home features 3 bedrooms and 1 bathroom in a more traditional layout. Has central A/C & heat. Laundry hookups are conveniently located off the hall next to the kitchen. Two car attached garage with a lot of space for storage too. Need room for a small boat or some off road toys? Check! There's enough space on the side of the garage to park those quads or jet skis! The location of this property is a short walk to downtown San Dimas, near lots of shopping and restuarants, and best of all is apart of the esteemed Bonita Unified School District. Easy access to either 57 or 210 fwys. Virtual tour available!

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • 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]

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
Ekstrand Elementary School Primary Regular 458 18 6
Lone Hill Middle School Middle Regular 946 36 8
San Dimas High School High Regular 1,363 52 8

Ekstrand Elementary School

  • Education Level: Primary
  • # of students: 458
  • # of teachers: 18
6
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
 

$490,410$599,390$544,900

PURCHASE PRICE

$1,908$2,332$2,120

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,120
EXPENSES Loan Payment -$2,010
Property Tax -$574
Property Insurance -$52
Property Management Fees -$104
CASH FLOW
-$621

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.

$544,900

PROJECTED PRICE

$2,120

PROJECTED RENT

0.39%

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$200k$400k$600k$800k$1.0M$1.2M$1.4M$1.6M

PROJECTED ANNUAL CASH FLOW

11530-$10k-$5.0k$0.0$5.0k$10k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M$1.6M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$150,149

INVESTMENT

$150,149

Down Payment
$136,225
Rehab Estimate
$5,750
Closing Costs
$8,174

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,010

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $136,225
Loan Amount $408,675
See What Happens When You Reinvest Cash Flow

1.08

YEARS SAVED

$2,954

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,120

    LIST RENT
  • $2.04

    LIST RENT PER SQFT
  • $1,992

    COMP ESTIMATED VALUE
  • $1.92

    COMP AVG. RENT PER SQFT
Comps Range
$2,120
1$2,1202$2,2003$2,600
$2,600
RENT COMPS ANALYSIS
  • 213 W Nubia Street San Dimas, CA 1
    • 3 beds 1 baths ∙ 1,040 Sqft ∙ Built 1960 3 beds 1 baths ∙ 1,040 Sqft ∙ Built 1960
    • Rent
    • Rent Per SQFT
    •  
    • $2,120
    • $2.04
    •  
  • 338 W 4th Street San Dimas, CA 2
    • 3 beds 1 baths ∙ 1,140 Sqft ∙ Built 1952 3 beds 1 baths ∙ 1,140 Sqft ∙ Built 1952
    LEASED 09/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,200
    • $1.93
    •  
  • 131 E 3rd St San Dimas, CA 3
    • 3 beds 2 baths ∙ 1,372 Sqft ∙ Built 1947 3 beds 2 baths ∙ 1,372 Sqft ∙ Built 1947
    LEASED 10/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,600
    • $1.90
    •  
PROPERTY LISTING DETAILS
Dustin Figueroa
Ehs Realty
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: CV20241681
Last Updated: 11/28/2020
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