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2416 S San Antonio Avenue Pomona, CA 91766

3 Beds 2 Baths 1,452 sqft Built 1953

$550,000

List Price

$2,190

$2K - $2.4K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
February 17, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1953
  • Price/Sqft : $378.79
  • 5 Days on Market
  • MLS # : SR21032389
  • Updated Date : 02/19/2021 at 15:53
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,452 sqft
  • Baths : 2 full
Listing Agent

Johnhart Real Estate

Listing Agent's Description

The perfect home to create new lasting memories in! Located in Pomona reside a gorgeous home with 3 bedrooms, 2 bathrooms and 1,452-SqFt of living space. The interior features an open floorplan with wood and tile flooring, high ceilings, crown moldings, French windows and even a laundry area inside the home! The living room nestled under a cathedral beamed ceiling is the perfect spot to relax or for entertaining. Enjoy prepping meals in a bright kitchen equipped with stainless steel appliances, granite countertops, beautiful wooden cabinets and a breakfast bar that is great for adding bar stools. The home also includes a cozy laundry area. Master bedroom has a private bathroom (newly redone) with a dual vanity sink. The property features a spacious front and back yard. The front yard has a large green lawn, and the backyard has an open space with a large patio and the detached 2-car garage. Close to popular dining options, markets, gas stations, as well as easy access to the freeways!

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • 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]
  • 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.
  • 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)

PRICE & RENT TRENDS

Neighborhood: Pomona

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450k500k550k600kPrice in $138k622k

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

Neighborhood: Pomona

NeighborhoodNIR Market*CityMarket2010Year2000 Q42019 Q214001600180020002200240026002800Rent in $12562941

* 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
Simons Middle School Middle Regular 799 34 4
Garey Senior High School High Regular 1,819 76 3
Simons Middle School Middle Unknown NA

Simons Middle School

  • Education Level: Middle
  • # of students: 799
  • # of teachers: 34
4
GreatSchools Rating

Garey Senior High School

  • Education Level: High
  • # of students: 1,819
  • # of teachers: 76
3
GreatSchools Rating

Simons Middle School

  • Education Level: Middle
  • # of students:
  • # of teachers:
NA
GreatSchools Rating
 

$495,000$605,000$550,000

PURCHASE PRICE

$1,971$2,409$2,190

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,190
EXPENSES Loan Payment -$1,910
Property Tax -$607
Property Insurance -$62
Property Management Fees -$107
CASH FLOW
-$497

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 12% of earned rent to cover both maintenance and periods of vacancy.

$550,000

PROJECTED PRICE

$2,190

PROJECTED RENT

0.40%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.35%
Appreciation Year (1-5) 7.8%
Maintenance Year (1-5) 8.00%
Vacancy 4.14%
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$151,500

INVESTMENT

$151,500

Down Payment
$137,500
Rehab Estimate
$5,750
Closing Costs
$8,250

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 60% down payment or higher enables the proceeds from the asset to cover all costs.

$1,910

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $137,500
Loan Amount $412,500
See What Happens When You Reinvest Cash Flow

1.58

YEARS SAVED

$5,366

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,190

    LIST RENT
  • $1.51

    LIST RENT PER SQFT
  • $2,182

    COMP ESTIMATED VALUE
  • $1.5

    COMP AVG. RENT PER SQFT
Comps Range
$1,900
1$1,9002$2,0503$2,1904$2,3005$2,400
$2,400
RENT COMPS ANALYSIS
  • 2416 S San Antonio Avenue Pomona, CA 3
    • 3 beds 2 baths ∙ 1,452 Sqft ∙ Built 1953 3 beds 2 baths ∙ 1,452 Sqft ∙ Built 1953
    • Rent
    • Rent Per SQFT
    •  
    • $2,190
    • $1.51
    •  
  • 12964 Eastend Avenue Chino, CA 1
    • 3 beds 1 baths ∙ 1,315 Sqft ∙ Built 1949 3 beds 1 baths ∙ 1,315 Sqft ∙ Built 1949
    LEASED 11/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,900
    • $1.44
    •  
  • 1790 Calatina Drive Pomona, CA 2
    • 3 beds 1 baths ∙ 1,328 Sqft ∙ Built 1954 3 beds 1 baths ∙ 1,328 Sqft ∙ Built 1954
    LEASED 01/31/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,050
    • $1.54
    •  
  • 2072 Munhall Avenue Pomona, CA 4
    • 4 beds 2 baths ∙ 1,744 Sqft ∙ Built 1970 4 beds 2 baths ∙ 1,744 Sqft ∙ Built 1970
    LEASED 08/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,300
    • $1.32
    •  
  • 12361 Loraine Avenue Chino, CA 5
    • 3 beds 2 baths ∙ 1,400 Sqft ∙ Built 1966 3 beds 2 baths ∙ 1,400 Sqft ∙ Built 1966
    LEASED 03/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,400
    • $1.71
    •  
PROPERTY LISTING DETAILS
Linda Ojeda
Johnhart Real Estate
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: SR21032389
Last Updated: 02/19/2021
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