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PROPERTY INFO
FACTS
- Single Family
- Built In 1983
- Price/Sqft : $440.81
- 2 Days on Market
- MLS # : CV20260318
- Updated Date : 12/19/2020 at 09:38
CONSTRUCTION
- Beds : 4
- Floor Size : 1,622 sqft
- Baths : 2 full
Listing Agent
Century 21 Citrus Realty Inc
Listing Agent's Description
Family living is easy in this impressive, generously spacious, and customized residence that's centrally located minutes away from beautiful downtown La Verne. Your children are sure to enjoy this family-oriented area with five-star schools (home is located in the Bonita School District). As you approach this unique home you will notice the well-mainted yard, RV Parking, and excellent curb appeal. The open floor plan encompasses 4 spacious bedrooms with plenty of room for entertaining the family. The two bathrooms have been immaculately upgraded within the last 6 months. The spacious and open dining area with a wet bar that's excellent for entertaining guest. The backyard is spacious, has shaded covering, comes with a space for a jacuzzi and/or pool for the next owner.
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MARKET HIGHLIGHTS
- 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]
- 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)
PRICE & RENT TRENDS
Neighborhood: Lordsburg
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Lordsburg
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $2,720 |
| EXPENSES | Loan Payment | -$2,638 |
| Property Tax | -$728 | |
| Property Insurance | -$66 | |
| Property Management Fees | -$133 | |
|
CASH FLOW
-$845
|
||
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.
$714,988
PROJECTED PRICE
$2,720
PROJECTED RENT
0.38%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 4.56% |
| Appreciation Year (1-5) | 7.3% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 5.05% |
| Length of Stay Years | 2 |
PROJECTED ACCUMULATED WEALTH
30 YEAR PROJECTION
- Cash Flow
- Appreciation
- Principal
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$195,222
LOAN DETAILS
$2,638
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $178,747 |
| Loan Amount | $536,241 |
0.92
YEARS SAVED
$3,103
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$2,720
LIST RENT -
$1.68
LIST RENT PER SQFT
-
$2,676
COMP ESTIMATED VALUE -
$1.65
COMP AVG. RENT PER SQFT
Comps Range
-
2162 Madison Avenue La Verne, CA 4
- 4 beds 2 baths ∙ 1,622 Sqft ∙ Built 1983 4 beds 2 baths ∙ 1,622 Sqft ∙ Built 1983
![property image]()
- Rent
- Rent Per SQFT
- $2,720
- $1.68
-
2018 Las Vegas Avenue Pomona, CA 1
- 3 beds 2 baths ∙ 1,398 Sqft ∙ Built 1963 3 beds 2 baths ∙ 1,398 Sqft ∙ Built 1963
![property image]()
LEASED 12/30/19- Rent
- Rent Per SQFT
- $2,100
- $1.50
-
2769 Laurie Lane La Verne, CA 2
- 4 beds 2 baths ∙ 1,556 Sqft ∙ Built 1973 4 beds 2 baths ∙ 1,556 Sqft ∙ Built 1973
![property image]()
LEASED 04/24/20- Rent
- Rent Per SQFT
- $2,680
- $1.72
-
3342 Cobblestone La Verne, CA 3
- 3 beds 3 baths ∙ 1,580 Sqft ∙ Built 1996 3 beds 3 baths ∙ 1,580 Sqft ∙ Built 1996
![property image]()
LEASED 01/29/20- Rent
- Rent Per SQFT
- $2,700
- $1.71
-
376 Sutton Court Pomona, CA 5
- 3 beds 2 baths ∙ 1,704 Sqft ∙ Built 1963 3 beds 2 baths ∙ 1,704 Sqft ∙ Built 1963
![property image]()
LEASED 08/16/19- Rent
- Rent Per SQFT
- $2,850
- $1.67
PROPERTY LISTING DETAILS
Century 21 Citrus Realty Inc
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
MLS #: CV20260318
Last Updated: 12/19/2020
