Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more

2723 Kendall Street La Verne, CA 91750

3 Beds 2 Baths 1,560 sqft Built 1964

$639,000

List Price

$2,760

$2.5K - $3K

Rent Est.

PROPERTY INFO

January 17, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1964
  • Price/Sqft : $409.62
  • 2 Days on Market
  • MLS # : IV21010451
  • Updated Date : 01/16/2021 at 19:04
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,560 sqft
  • Baths : 2 full
Listing Agent

United Realty Group

Listing Agent's Description

Highly desired La Verne neighborhood. This one is a cosmetic fixer and selller has priced appropriately. Check out the comps and come see this single level 3BR, 2BA home. Close to schools, shopping and transportation. Cute neighborhood. Property has 3 good size bedrooms with ceiling fans. Kitchen is open to large dining space. Sliding door to rear yard with covered patio. Rear yard has orange, lemon, apple, apricot, guava and persimmon trees as well as fire pit area. Storage shed in rear yard included. 2 car attached garage and extra wide driveway to accomodate multiple vehicles. Dual pane windows, tile and wood floors mixed throughout home. Indoor laundry room off kitchen area with separate access to rear yard. Seller has priced for quick sale. Bring your tool belts and transform this home into your dream home. Seller wants to sell "as-is." Please remember to practice safety precautions when showing the property.

SEE MORE

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

NeighborhoodNIR Market*CityMarket2010Year20002019200k250k300k350k400k450k500k550k600k650k700k750k800k850kPrice in $186k856k

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

Neighborhood: Lordsburg

NeighborhoodNIR Market*CityMarket2010Year2000 Q42019 Q216001800200022002400260028003000320034003600Rent in $14593697

* 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
Roynon Elementary School Primary Regular 743 29 9
Ramona Middle School Middle Regular 1,406 51 9
Bonita High School High Regular 1,968 74 9

Roynon Elementary School

  • Education Level: Primary
  • # of students: 743
  • # of teachers: 29
9
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
 

$575,100$702,900$639,000

PURCHASE PRICE

$2,484$3,036$2,760

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,760
EXPENSES Loan Payment -$2,219
Property Tax -$642
Property Insurance -$65
Property Management Fees -$135
CASH FLOW
-$302

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.

$639,000

PROJECTED PRICE

$2,760

PROJECTED RENT

0.43%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

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
11530$0.0$500k$1.0M$1.5M$2.0M

PROJECTED ANNUAL CASH FLOW

11530-$5.0k$0.0$5.0k$10k$15k$20k

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$175,085

INVESTMENT

$175,085

Down Payment
$159,750
Rehab Estimate
$5,750
Closing Costs
$9,585

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 55% down payment or higher enables the proceeds from the asset to cover all costs.

$2,219

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $159,750
Loan Amount $479,250
See What Happens When You Reinvest Cash Flow

3.67

YEARS SAVED

$22,464

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,760

    LIST RENT
  • $1.77

    LIST RENT PER SQFT
  • $2,839

    COMP ESTIMATED VALUE
  • $1.82

    COMP AVG. RENT PER SQFT
Comps Range
$2,300
1$2,3002$2,7603$2,8504$2,8505$3,200
$3,200
RENT COMPS ANALYSIS
  • 2723 Kendall Street La Verne, CA 2
    • 3 beds 2 baths ∙ 1,560 Sqft ∙ Built 1964 3 beds 2 baths ∙ 1,560 Sqft ∙ Built 1964
    • Rent
    • Rent Per SQFT
    •  
    • $2,760
    • $1.77
    •  
  • 2925 Glencrest Street Pomona, CA 1
    • 3 beds 1 baths ∙ 1,364 Sqft ∙ Built 1956 3 beds 1 baths ∙ 1,364 Sqft ∙ Built 1956
    LEASED 03/07/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,300
    • $1.69
    •  
  • 3868 Shelter Grove Drive Claremont, CA 3
    • 3 beds 1 baths ∙ 1,471 Sqft ∙ Built 1963 3 beds 1 baths ∙ 1,471 Sqft ∙ Built 1963
    LEASED 06/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,850
    • $1.94
    •  
  • 4050 Las Casas Avenue Claremont, CA 4
    • 3 beds 2 baths ∙ 1,591 Sqft ∙ Built 1955 3 beds 2 baths ∙ 1,591 Sqft ∙ Built 1955
    LEASED 11/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,850
    • $1.79
    •  
  • 4224 Stone Circle La Verne, CA 5
    • 4 beds 1 baths ∙ 1,716 Sqft ∙ Built 1977 4 beds 1 baths ∙ 1,716 Sqft ∙ Built 1977
    LEASED 08/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,200
    • $1.86
    •  
PROPERTY LISTING DETAILS
Andrew Aceves
United Realty Group
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: IV21010451
Last Updated: 01/16/2021
BESbswy