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21455 Running Branch Road Diamond Bar, CA 91765

4 Beds 3 Baths 2,695 sqft Built 1979

$1,098,000

List Price

$3,480

$3.2K - $3.7K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 12, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1979
  • Price/Sqft : $407.42
  • 3 Days on Market
  • MLS # : TR21051947
  • Updated Date : 03/13/2021 at 11:36
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,695 sqft
  • Baths : 3 full
Listing Agent

Abraiday Inc.

Listing Agent's Description

Located in one of the most prestigious neighborhoods in south Diamond Bar with acclaimed Walnut schools, on top of the hills, this magnificent estate features one of the most amazing locations Diamond Bar has to offer. Double entry door opens to a stylish foyer with an opulent chandelier and classic spiral staircase. Living room has elegant inlaid marble floor and cathedral ceilings. Formal dining room overlooks the pool is adorned with a gorgeous crystal chandelier. Gourmet kitchen with granite counters and center island. Window above the sink looks out to the pool. Family room showcases a warm fireplace, elegant plantation shutter, a dry bar for entertainment and a patio door to access the backyard. Downstairs bedroom has a patio door to the side yard. Upstairs, large windows at the luxurious master bedrooms affords the view of the green canopy. Elegant master bathroom with dual sinks, a separate shower area and a sunken bath tub that overlooks the tree top. Two spacious bedrooms upstairs are connected by a bathroom forming Jack and Jill ensuites. Outside, enjoy resort living with the sparkling pool/spa. Mature lemon and grape fruit trees dotted the side yard. From the front courtyard accented with flower bed to the backyard with sparkling pool, you will find an atmosphere of peaceful tranquility and beautiful living permeates throughout the house. Take advantage of this amazing opportunity to make this home your own.

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MARKET HIGHLIGHTS

  • Southern California area contributes to 55.3% of California state economy i.e. Gross State Product (USMayors.org, 2018)
  • As part of Southern California area, Los Angeles market inherits all the benefits from the area.
  • 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)
  • 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)

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
Castle Rock Elementary School Primary Regular 605 23 7
South Pointe Middle School Middle Regular 982 40 9
Diamond Bar High School High Regular 3,050 111 9

Castle Rock Elementary School

  • Education Level: Primary
  • # of students: 605
  • # of teachers: 23
7
GreatSchools Rating

South Pointe Middle School

  • Education Level: Middle
  • # of students: 982
  • # of teachers: 40
9
GreatSchools Rating

Diamond Bar High School

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

$988,200$1,207,800$1,098,000

PURCHASE PRICE

$3,132$3,828$3,480

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,480
EXPENSES Loan Payment -$3,814
Property Tax -$1,093
Property Insurance -$92
Property Management Fees -$171
CASH FLOW
-$1,689

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.

$1,098,000

PROJECTED PRICE

$3,480

PROJECTED RENT

0.32%

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$2.5M

PROJECTED ANNUAL CASH FLOW

11530-$30k-$25k-$20k-$15k-$10k-$5.0k$0.0$5.0k$10k

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$296,720

INVESTMENT

$296,720

Down Payment
$274,500
Rehab Estimate
$5,750
Closing Costs
$16,470

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 75% down payment or higher enables the proceeds from the asset to cover all costs.

$3,814

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $274,500
Loan Amount $823,500
See What Happens When You Reinvest Cash Flow

0.17

YEARS SAVED

$100

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,480

    LIST RENT
  • $1.29

    LIST RENT PER SQFT
  • $3,490

    COMP ESTIMATED VALUE
  • $1.3

    COMP AVG. RENT PER SQFT
Comps Range
$3,300
1$3,3002$3,4003$3,4804$3,5005$3,650
$3,650
RENT COMPS ANALYSIS
  • 21455 Running Branch Road Diamond Bar, CA 3
    • 4 beds 3 baths ∙ 2,695 Sqft ∙ Built 1979 4 beds 3 baths ∙ 2,695 Sqft ∙ Built 1979
    • Rent
    • Rent Per SQFT
    •  
    • $3,480
    • $1.29
    •  
  • 3510 Cotter Rim Lane Diamond Bar, CA 1
    • 4 beds 3 baths ∙ 2,558 Sqft ∙ Built 1983 4 beds 3 baths ∙ 2,558 Sqft ∙ Built 1983
    LEASED 03/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,300
    • $1.29
    •  
  • 3492 Falcon Ridge Rd Diamond Bar, CA 2
    • 4 beds 3 baths ∙ 2,712 Sqft ∙ Built 1978 4 beds 3 baths ∙ 2,712 Sqft ∙ Built 1978
    LEASED 05/31/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,400
    • $1.25
    •  
  • 3623 Hawkwood Road Diamond Bar, CA 4
    • 4 beds 3 baths ∙ 2,636 Sqft ∙ Built 1984 4 beds 3 baths ∙ 2,636 Sqft ∙ Built 1984
    LEASED 09/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,500
    • $1.33
    •  
  • 21450 Cold Spring Lane Diamond Bar, CA 5
    • 5 beds 3 baths ∙ 2,796 Sqft ∙ Built 1977 5 beds 3 baths ∙ 2,796 Sqft ∙ Built 1977
    LEASED 08/07/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,650
    • $1.31
    •  
PROPERTY LISTING DETAILS
Caroline Chai
Abraiday Inc.
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: TR21051947
Last Updated: 03/13/2021
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