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2721 La Salle Pointe Chino Hills, CA 91709

3 Beds 3 Baths 2,052 sqft Built 1992

$658,000

List Price

$2,780

$2.5K - $3K

Rent Est.

PROPERTY INFO

January 13, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1992
  • Price/Sqft : $320.66
  • 6 Days on Market
  • MLS # : CV20251379
  • Updated Date : 01/12/2021 at 20:13
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,052 sqft
  • Baths : 2 full , 1 half
Listing Agent

Bestarting Group Corp

Listing Agent's Description

Move in ready beautiful condition, make this lovely property your new home! Upgraded spacious 3-bedroom house located in the highly desirable North Chino Hills with excellent schools! This beautiful house has a stone brick wall up front with the gated entry for additional privacy and curb appeal. Entering the upgraded solid wood front door, you will be greeted with vaulted high ceiling, spacious living room and dinner area. Plenty big windows and two recently installed wood French doors to backyard allow natural lighting to fill the space. Wood finish laminate floor throughout the downstairs and stairs with granite floor at the front entry and downstairs bathroom for durability and low maintenance. The kitchen comes with white cabinets, stainless appliances, granite countertop, and RO water filtration. The laundry area comes with plenty storage space as well as newly installed stainless steel farm sink and faucet. The upstairs comes with three large bedrooms and two full baths. The master suite is south facing with a retreat that can be used as your home office. Dual-pane windows and shutters throughout. Beautiful front, side, and backyard. Conveniently located in the heart of Chino Hills and close to Chino Spectrum, The Shoppes of Chino Hills, Costco, Ranch 99 Market, and surrounding parks. Low property tax, great schools and community, and so much more.

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'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)
  • 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)

PRICE & RENT TRENDS

Neighborhood: Chino Hills

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450k500k550k600k650k700kPrice in $149k727k

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

Neighborhood: Chino Hills

NeighborhoodNIR Market*CityMarket2010Year2000 Q22019 Q212001400160018002000220024002600Rent in $10822735

* 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
Country Springs Elementary School Primary Regular 524 20 9
Canyon Hills Junior High School Middle Regular 1,163 40 9
Ruben S. Ayala High School High Regular 2,606 98 10

Country Springs Elementary School

  • Education Level: Primary
  • # of students: 524
  • # of teachers: 20
9
GreatSchools Rating

Canyon Hills Junior High School

  • Education Level: Middle
  • # of students: 1,163
  • # of teachers: 40
9
GreatSchools Rating

Ruben S. Ayala High School

  • Education Level: High
  • # of students: 2,606
  • # of teachers: 98
10
GreatSchools Rating
 

$592,200$723,800$658,000

PURCHASE PRICE

$2,502$3,058$2,780

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,780
EXPENSES Loan Payment -$2,285
Property Tax -$669
Property Insurance -$77
HOA -$38
Property Management Fees -$164
CASH FLOW
-$453

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.

$658,000

PROJECTED PRICE

$2,780

PROJECTED RENT

0.42%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.95%
Appreciation Year (1-5) 5.1%
Maintenance Year (1-5) 8.00%
Vacancy 5.35%
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$1.8M

PROJECTED ANNUAL CASH FLOW

11530-$10k-$5.0k$0.0$5.0k$10k$15k

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$1.8M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$180,120

INVESTMENT

$180,120

Down Payment
$164,500
Rehab Estimate
$5,750
Closing Costs
$9,870

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,285

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $164,500
Loan Amount $493,500
See What Happens When You Reinvest Cash Flow

2.17

YEARS SAVED

$9,480

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,780

    LIST RENT
  • $1.35

    LIST RENT PER SQFT
  • $2,780

    COMP ESTIMATED VALUE
  • $1.36

    COMP AVG. RENT PER SQFT
Comps Range
$2,595
1$2,5952$2,7003$2,7504$2,7805$2,900
$2,900
RENT COMPS ANALYSIS
  • 2721 La Salle Pointe Chino Hills, CA 4
    • 3 beds 3 baths ∙ 2,052 Sqft ∙ Built 1992 3 beds 3 baths ∙ 2,052 Sqft ∙ Built 1992
    • Rent
    • Rent Per SQFT
    •  
    • $2,780
    • $1.35
    •  
  • 2586 La Salle Pointe Chino Hills, CA 1
    • 3 beds 3 baths ∙ 2,000 Sqft ∙ Built 1990 3 beds 3 baths ∙ 2,000 Sqft ∙ Built 1990
    LEASED 08/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,595
    • $1.30
    •  
  • 2568 La Salle Pointe Chino Hills, CA 2
    • 3 beds 3 baths ∙ 2,052 Sqft ∙ Built 1990 3 beds 3 baths ∙ 2,052 Sqft ∙ Built 1990
    LEASED 10/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,700
    • $1.32
    •  
  • 2624 Chalet Place Chino Hills, CA 3
    • 3 beds 3 baths ∙ 1,975 Sqft ∙ Built 1993 3 beds 3 baths ∙ 1,975 Sqft ∙ Built 1993
    LEASED 09/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,750
    • $1.39
    •  
  • 2703 La Salle Pointe Chino Hills, CA 5
    • 3 beds 3 baths ∙ 2,052 Sqft ∙ Built 1991 3 beds 3 baths ∙ 2,052 Sqft ∙ Built 1991
    LEASED 09/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,900
    • $1.41
    •  
PROPERTY LISTING DETAILS
Zhenchen Wan
Bestarting Group Corp
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: CV20251379
Last Updated: 01/12/2021
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