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2901 Yucatan Place #B Diamond Bar, CA 91765

3 Beds 3 Baths 1,797 sqft Built 1987

$698,000

List Price

$2,910

$2.7K - $3.2K

Rent Est.

PROPERTY INFO

December 28, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1987
  • Price/Sqft : $388.43
  • 8 Days on Market
  • MLS # : OC20263125
  • Updated Date : 12/28/2020 at 12:29
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,797 sqft
  • Baths : 3 full
Listing Agent

Berkshire Hathaway Homeservice

Listing Agent's Description

A very well maintained townhome in "Las Brisas" private gated community in Diamond Bar. Double door entry leads to elegant high ceiling living room with back-to-back cozy fireplaces in the dining area. The dining area opens to the balcony where is good for BBQ. Two suites on the first floor include a master suite with a jacuzzi and access to the balcony. Both suites have walk-in closets. Bright with a gorgeous view from the second floor with another full bath and bedroom where can be used as an office. Two car attached garage with lots of large cabinets offer ample storage space. Newer central a/c unit. Prestigious Walnut school district includes Diamond Bar High. Close to community swimming pool and visitor parking. H Mart, Starbucks, bans and gorgeous restaurants in walking distance.

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)
  • 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)

PRICE & RENT TRENDS

Neighborhood: Diamond Bar

NeighborhoodNIR Market*CityMarket2010Year20002019200k250k300k350k400k450k500k550k600k650k700k750k800k850kPrice in $199k856k

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

Neighborhood: Diamond Bar

NeighborhoodNIR Market*CityMarket2010Year2000 Q42019 Q21800200022002400260028003000320034003600Rent in $17843697

* 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
Castle Rock Elementary School Primary Regular 605 23 7
South Pointe Middle School Middle Regular 982 40 9
Diamond Bar High School High Regular 3,050 111 9

Castle Rock Elementary School

  • Education Level: Primary
  • # of students: 605
  • # of teachers: 23
7
GreatSchools Rating

South Pointe Middle School

  • Education Level: Middle
  • # of students: 982
  • # of teachers: 40
9
GreatSchools Rating

Diamond Bar High School

  • Education Level: High
  • # of students: 3,050
  • # of teachers: 111
9
GreatSchools Rating
 

$628,200$767,800$698,000

PURCHASE PRICE

$2,619$3,201$2,910

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,910
EXPENSES Loan Payment -$2,575
Property Tax -$704
Property Insurance -$71
HOA -$365
Property Management Fees -$143
CASH FLOW
-$947

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.

$698,000

PROJECTED PRICE

$2,910

PROJECTED RENT

0.42%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.56%
Appreciation Year (1-5) 3.5%
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$200k$400k$600k$800k$1.0M$1.2M$1.4M$1.6M$1.8M

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$200k$400k$600k$800k$1.0M$1.2M$1.4M$1.6M$1.8M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$190,720

INVESTMENT

$190,720

Down Payment
$174,500
Rehab Estimate
$5,750
Closing Costs
$10,470

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,575

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $174,500
Loan Amount $523,500
See What Happens When You Reinvest Cash Flow

0.33

YEARS SAVED

$600

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,910

    LIST RENT
  • $1.62

    LIST RENT PER SQFT
  • $2,911

    COMP ESTIMATED VALUE
  • $1.62

    COMP AVG. RENT PER SQFT
Comps Range
$2,800
1$2,8002$2,8003$2,9104$2,9955$3,000
$3,000
RENT COMPS ANALYSIS
  • 2901 Yucatan Place Diamond Bar, CA 3
    • 3 beds 3 baths ∙ 1,797 Sqft ∙ Built 1987 3 beds 3 baths ∙ 1,797 Sqft ∙ Built 1987
    • Rent
    • Rent Per SQFT
    •  
    • $2,910
    • $1.62
    •  
  • 20949 Quail Run Drive Walnut, CA 1
    • 3 beds 3 baths ∙ 1,728 Sqft ∙ Built 1986 3 beds 3 baths ∙ 1,728 Sqft ∙ Built 1986
    LEASED 09/18/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,800
    • $1.62
    •  
  • 2439 Sunbright Drive Diamond Bar, CA 2
    • 4 beds 3 baths ∙ 1,756 Sqft ∙ Built 1976 4 beds 3 baths ∙ 1,756 Sqft ∙ Built 1976
    LEASED 08/07/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,800
    • $1.59
    •  
  • 2900 Malaga Circle Diamond Bar, CA 4
    • 3 beds 3 baths ∙ 1,829 Sqft ∙ Built 1987 3 beds 3 baths ∙ 1,829 Sqft ∙ Built 1987
    LEASED 08/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,995
    • $1.64
    •  
  • 20977 E Canyon Ridge Lane Diamond Bar, CA 5
    • 3 beds 3 baths ∙ 1,835 Sqft ∙ Built 1987 3 beds 3 baths ∙ 1,835 Sqft ∙ Built 1987
    LEASED 05/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,000
    • $1.63
    •  
PROPERTY LISTING DETAILS
Yu Lai
Berkshire Hathaway Homeservice
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: OC20263125
Last Updated: 12/28/2020
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