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2277 N San Antonio Avenue Upland, CA 91784

4 Beds 2 Baths 2,109 sqft Built 1977

$779,000

List Price

$2,750

$2.5K - $3K

Rent Est.

PROPERTY INFO

January 16, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1977
  • Price/Sqft : $369.37
  • 3 Days on Market
  • MLS # : CV21007943
  • Updated Date : 01/15/2021 at 20:41
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,109 sqft
  • Baths : 2 full
Listing Agent

Re/max Time Realty

Listing Agent's Description

Hard to find Single Story Pool Home in North Upland. Welcome home to this Beautiful 4 Bedroom 2 Bath home on a large 14.994 Square foot lot. Large covered Front Porch. As you enter notice beautiful Onyx tiles in the Foyer that leads down the hall or into the step-down Formal Living Room. Step up into the formal dining area with wood flooring. Notice the beautiful Crystal chandelier in the formal dining area. Travel into the Kitchen Eating Area and notice the updated open Kitchen with newer Cherry Wood Cabinets, Granite Countertops, and Backsplash Double Oven and Stovetop. Also recessed lighting and travertine floors. The large laundry room is just off the kitchen. The Kitchen is open to the Family Room with a Beautiful Brick Fireplace. The house has double pane windows throughout. There are also Plantation Shutters in the living room and covering the hall closet. Newer Lenox Central AC and Whole House Air Filtration plus an Attic Fan help to keep the home clean and cool. Both bathrooms have been updated with Cherry Wood Cabinets, modern fixtures, and Granite Countertops. Outside is a large gated pool area, large patio slab, basketball area, Beautiful trees, lots of concrete, and plenty of room for your RV and toys. Great for sitting and relaxing in the pool area, you feel like you are in your own private park. The back gate is also electric. You don’t want to miss out on this one.

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • 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)

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
Valencia Elementary School Primary Regular 603 23 8
Pioneer Junior High School Middle Regular 928 37 9
Upland High School High Regular 3,456 137 7

Valencia Elementary School

  • Education Level: Primary
  • # of students: 603
  • # of teachers: 23
8
GreatSchools Rating

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
 

$701,100$856,900$779,000

PURCHASE PRICE

$2,475$3,025$2,750

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,750
EXPENSES Loan Payment -$2,706
Property Tax -$715
Property Insurance -$78
Property Management Fees -$162
CASH FLOW
-$911

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.

$779,000

PROJECTED PRICE

$2,750

PROJECTED RENT

0.35%

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

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$212,185

INVESTMENT

$212,185

Down Payment
$194,750
Rehab Estimate
$5,750
Closing Costs
$11,685

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,706

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $194,750
Loan Amount $584,250
See What Happens When You Reinvest Cash Flow

0.42

YEARS SAVED

$932

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,750

    LIST RENT
  • $1.3

    LIST RENT PER SQFT
  • $2,742

    COMP ESTIMATED VALUE
  • $1.3

    COMP AVG. RENT PER SQFT
Comps Range
$2,600
1$2,6002$2,7503$2,9254$2,9505$3,150
$3,150
RENT COMPS ANALYSIS
  • 2277 N San Antonio Avenue Upland, CA 2
    • 4 beds 2 baths ∙ 2,109 Sqft ∙ Built 1977 4 beds 2 baths ∙ 2,109 Sqft ∙ Built 1977
    • Rent
    • Rent Per SQFT
    •  
    • $2,750
    • $1.30
    •  
  • 2465 Highland Road Upland, CA 1
    • 3 beds 2 baths ∙ 2,101 Sqft ∙ Built 1977 3 beds 2 baths ∙ 2,101 Sqft ∙ Built 1977
    LEASED 09/26/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,600
    • $1.24
    •  
  • 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
    •  
  • 904 W 20th Street W Upland, CA 4
    • 4 beds 2 baths ∙ 2,200 Sqft ∙ Built 1981 4 beds 2 baths ∙ 2,200 Sqft ∙ Built 1981
    LEASED 09/25/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,950
    • $1.34
    •  
  • 2196 N Albright Avenue Upland, CA 5
    • 4 beds 3 baths ∙ 2,371 Sqft ∙ Built 1975 4 beds 3 baths ∙ 2,371 Sqft ∙ Built 1975
    LEASED 03/16/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,150
    • $1.33
    •  
PROPERTY LISTING DETAILS
Diana Margala
Re/max Time Realty
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: CV21007943
Last Updated: 01/15/2021
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