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2226 Trickling Creek Drive La Verne, CA 91750

4 Beds 3 Baths 2,211 sqft Built 1987

$959,800

List Price

$3,240

$3K - $3.5K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
February 24, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1987
  • Price/Sqft : $434.10
  • 6 Days on Market
  • MLS # : CV21036854
  • Updated Date : 02/23/2021 at 14:45
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,211 sqft
  • Baths : 2 full , 1 half
Listing Agent

Re/max Masters Realty

Listing Agent's Description

REMODELED CUL-DE-SAC HOME W/PAID SOLAR, MAIN FLOOR MASTER BEDROOM & A "SPOOL" | SIERRA LA VERNE GATED COMMUNITY. Professionally designed landscaping, front yard w/green lawn, manicured planters & paver driveway/walkways. Front entry opens to a bright & open floor plan w/maple hardwood floors, a living/dining rm w/multiple windows w/plantation shutters, recessed lighting, ceiling fan & vaulted ceilings. The family room overlooks the family room & features tiled floors, a fireplace w/precast stone surround & a slider to the backyard. Remodeled kitchen features mahogany cabinetry, quartz countertops, travertine backsplash, classic black appliances including a built-in refrigerator, a wine fridge & an island w/countertop seating. Main floor master bedroom w/hardwood floors, vaulted & view windows w/shutters. Master bathroom w/mahogany cabinets, marble countertops, a jetted soaking tub, custom walk-in shower w/frameless glass enclosure & a walk-in closet. Also main floor half bathroom & laundry room. Upstairs are three spacious bedrooms plus a remodeled bath w/tiled floors, matching mahogany cabinetry, marble counters & a shower/tub w/sliding glass enclosure. The backyard features a "spool" or oversized spa w/stacked stone waterfall, built-in BBQ w/fridge, warming drawer, griddle & burners, a large putting green, paver decking throughout w/lighting & landscaping. Sweeping views of the canyon & greenbelt behind the home which is perched above the old Sierra La Verne golf course.

SEE MORE

MARKET HIGHLIGHTS

  • Southern California area contributes to 55.3% of California state economy i.e. Gross State Product (USMayors.org, 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)
  • 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 has 58.7% labor force participation rate; within this area, Los Angeles metro has 62.3% labor force participation rate (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)
  • 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]
  • 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: North la Verne

NeighborhoodNIR Market*CityMarket2010Year20002019200k250k300k350k400k450k500k550k600k650k700k750k800k850kPrice in $199k856k

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

Neighborhood: North la Verne

NeighborhoodNIR Market*CityMarket2010Year2000 Q42019 Q21800200022002400260028003000320034003600Rent in $16243697

* 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
Oak Mesa Elementary School Primary Regular 585 23 10
Ramona Middle School Middle Regular 1,406 51 9
Bonita High School High Regular 1,968 74 9

Oak Mesa Elementary School

  • Education Level: Primary
  • # of students: 585
  • # of teachers: 23
10
GreatSchools Rating

Ramona Middle School

  • Education Level: Middle
  • # of students: 1,406
  • # of teachers: 51
9
GreatSchools Rating

Bonita High School

  • Education Level: High
  • # of students: 1,968
  • # of teachers: 74
9
GreatSchools Rating
 

$863,820$1,055,780$959,800

PURCHASE PRICE

$2,916$3,564$3,240

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,240
EXPENSES Loan Payment -$3,334
Property Tax -$954
Property Insurance -$80
HOA -$135
Property Management Fees -$159
CASH FLOW
-$1,422

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.

$959,800

PROJECTED PRICE

$3,240

PROJECTED RENT

0.34%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.56%
Appreciation Year (1-5) 4.3%
Maintenance Year (1-5) 8.00%
Vacancy 5.05%
Length of Stay Years 2

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$500k$1.0M$1.5M$2.0M$2.5M

PROJECTED ANNUAL CASH FLOW

11530-$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$260,097

INVESTMENT

$260,097

Down Payment
$239,950
Rehab Estimate
$5,750
Closing Costs
$14,397

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 70% down payment or higher enables the proceeds from the asset to cover all costs.

$3,334

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $239,950
Loan Amount $719,850
See What Happens When You Reinvest Cash Flow

0.17

YEARS SAVED

$127

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,240

    LIST RENT
  • $1.47

    LIST RENT PER SQFT
  • $3,383

    COMP ESTIMATED VALUE
  • $1.53

    COMP AVG. RENT PER SQFT
Comps Range
$3,100
1$3,1002$3,2403$3,3004$3,5005$3,525
$3,525
RENT COMPS ANALYSIS
  • 2226 Trickling Creek Drive La Verne, CA 2
    • 4 beds 3 baths ∙ 2,211 Sqft ∙ Built 1987 4 beds 3 baths ∙ 2,211 Sqft ∙ Built 1987
    • Rent
    • Rent Per SQFT
    •  
    • $3,240
    • $1.47
    •  
  • 2316 Trickling Creek Drive La Verne, CA 1
    • 4 beds 3 baths ∙ 2,009 Sqft ∙ Built 1987 4 beds 3 baths ∙ 2,009 Sqft ∙ Built 1987
    LEASED 11/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,100
    • $1.54
    •  
  • 2156 Driver Lane La Verne, CA 3
    • 4 beds 3 baths ∙ 2,287 Sqft ∙ Built 1981 4 beds 3 baths ∙ 2,287 Sqft ∙ Built 1981
    LEASED 08/26/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,300
    • $1.44
    •  
  • 6765 Cactus Lane La Verne, CA 4
    • 4 beds 2 baths ∙ 2,286 Sqft ∙ Built 1985 4 beds 2 baths ∙ 2,286 Sqft ∙ Built 1985
    LEASED 01/03/21
    • Rent
    • Rent Per SQFT
    •  
    • $3,500
    • $1.53
    •  
  • 1806 Orangewood Street La Verne, CA 5
    • 4 beds 3 baths ∙ 2,183 Sqft ∙ Built 1985 4 beds 3 baths ∙ 2,183 Sqft ∙ Built 1985
    LEASED 08/16/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,525
    • $1.61
    •  
PROPERTY LISTING DETAILS
Nicholas Abbadessa
Re/max Masters Realty
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: CV21036854
Last Updated: 02/23/2021
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