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

302 E Linfield Street Glendora, CA 91740

3 Beds 2 Baths 1,575 sqft Built 1957

$675,000

List Price

$2,660

$2.4K - $2.9K

Rent Est.

PROPERTY INFO

80% chance this property will be sold within the next 20 days HOT INVESTMENT
SINGLE-FAMILY
March 06, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1957
  • Price/Sqft : $428.57
  • 3 Days on Market
  • MLS # : CV21037359
  • Updated Date : 03/05/2021 at 16:31
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,575 sqft
  • Baths : 1 full , 1 half
Listing Agent

Century 21 Marty Rodriguez

Listing Agent's Description

Could this be the home you have been searching for? Located in the highly sought-after City of Glendora, this home offers a great corner-lot location, a floor plan that will make you feel right at home, and even large potential RV parking. As you enter the home, you are welcomed by the dining area with laminate wood flooring that leads right into the remodeled kitchen highlighting brand new granite countertops, tile flooring, built-in appliances, pendant lights, recessed lighting, center island, breakfast bar, and mirrored closet doors for ample storage. You’ll love the open and spacious family room accented by a cozy brick fireplace, skylight, and sliding glass door leading to the backyard. This home features 3 bedrooms with hardwood flooring, 1.5 bathrooms, laundry area, newer dual-pane vinyl windows, 2-car attached garage, and large potential RV parking. You’ll love lounging, relaxing, and entertaining family and friends in your new spacious backyard, boasting an aluminum covered patio and vast grass area. Now is your chance to start making new memories in your new home. Give our team a call today and be the first to schedule your showing appointment!

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)
  • 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]
  • 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's economy is worth $1.58 trillion in Gross Metro Product and projected to grow to $1.67 trillion (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 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: Glendora

NeighborhoodNIR Market*CityMarket2010Year20002019200k250k300k350k400k450k500k550k600k650k700k750k800k850kPrice in $199k856k

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

Neighborhood: Glendora

NeighborhoodNIR Market*CityMarket2010Year2000 Q42019 Q21800200022002400260028003000320034003600Rent in $16233697

* 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
Stanton Elementary School Primary Regular 571 20 7
Sandburg Middle School Middle Regular 896 34 7
Glendora High School High Regular 2,597 91 9

Stanton Elementary School

  • Education Level: Primary
  • # of students: 571
  • # of teachers: 20
7
GreatSchools Rating

Sandburg Middle School

  • Education Level: Middle
  • # of students: 896
  • # of teachers: 34
7
GreatSchools Rating

Glendora High School

  • Education Level: High
  • # of students: 2,597
  • # of teachers: 91
9
GreatSchools Rating
 

$607,500$742,500$675,000

PURCHASE PRICE

$2,394$2,926$2,660

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,660
EXPENSES Loan Payment -$2,345
Property Tax -$672
Property Insurance -$65
Property Management Fees -$130
CASH FLOW
-$552

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.

$675,000

PROJECTED PRICE

$2,660

PROJECTED RENT

0.39%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.56%
Appreciation Year (1-5) 5.9%
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-$10k-$5.0k$0.0$5.0k$10k$15k

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$184,625

INVESTMENT

$184,625

Down Payment
$168,750
Rehab Estimate
$5,750
Closing Costs
$10,125

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,345

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $168,750
Loan Amount $506,250
See What Happens When You Reinvest Cash Flow

2.08

YEARS SAVED

$9,420

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,660

    LIST RENT
  • $1.69

    LIST RENT PER SQFT
  • $2,721

    COMP ESTIMATED VALUE
  • $1.73

    COMP AVG. RENT PER SQFT
Comps Range
$2,395
1$2,3952$2,5003$2,6604$2,7505$3,000
$3,000
RENT COMPS ANALYSIS
  • 302 E Linfield Street Glendora, CA 3
    • 3 beds 2 baths ∙ 1,575 Sqft ∙ Built 1957 3 beds 2 baths ∙ 1,575 Sqft ∙ Built 1957
    • Rent
    • Rent Per SQFT
    •  
    • $2,660
    • $1.69
    •  
  • 401 E Linfield Street Glendora, CA 1
    • 4 beds 2 baths ∙ 1,354 Sqft ∙ Built 1957 4 beds 2 baths ∙ 1,354 Sqft ∙ Built 1957
    LEASED 03/07/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,395
    • $1.77
    •  
  • 326 E Linfield Street Glendora, CA 2
    • 4 beds 2 baths ∙ 1,511 Sqft ∙ Built 1957 4 beds 2 baths ∙ 1,511 Sqft ∙ Built 1957
    LEASED 03/05/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $1.65
    •  
  • 426 E Haltern Avenue Glendora, CA 4
    • 4 beds 2 baths ∙ 1,742 Sqft ∙ Built 1955 4 beds 2 baths ∙ 1,742 Sqft ∙ Built 1955
    LEASED 03/07/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,750
    • $1.58
    •  
  • 215 W Petunia Street Glendora, CA 5
    • 3 beds 2 baths ∙ 1,571 Sqft ∙ Built 1955 3 beds 2 baths ∙ 1,571 Sqft ∙ Built 1955
    LEASED 08/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,000
    • $1.91
    •  
PROPERTY LISTING DETAILS
Marty Rodriguez
Century 21 Marty Rodriguez
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: CV21037359
Last Updated: 03/05/2021
BESbswy