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3116 Lansbury Avenue Claremont, CA 91711

3 Beds 2 Baths 1,722 sqft Built 1957

$739,900

List Price

$2,640

$2.4K - $2.9K

Rent Est.

PROPERTY INFO

January 23, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1957
  • Price/Sqft : $429.67
  • 2 Days on Market
  • MLS # : CV21012580
  • Updated Date : 01/23/2021 at 10:54
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,722 sqft
  • Baths : 2 full
Listing Agent

Sal Ramos, Broker

Listing Agent's Description

Don't miss out on this incredible opportunity to own this gorgeous TURNKEY home in the city of Claremont . Featuring fresh NEW interior and exterior paint, NEW light fixtures throughout and recessed lighting in the kitchen, dining area and bathrooms. NEW flooring, NEW baseboards throughout, all NEW dual pane windows ! All the interior and exterior doors have also been replaced. Kitchen features NEW white shaker cabinets, new stainless steel appliances and NEW quartz counters!!! Both freshly refinished bathrooms have NEW vanities, and new fixtures . This home is close to parks, schools, shopping, and freeways! This home is move in ready !

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • 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]

PRICE & RENT TRENDS

Neighborhood: Mountain View

NeighborhoodNIR Market*CityMarket2010Year20002019200k250k300k350k400k450k500k550k600k650k700k750k800k850kPrice in $199k856k

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

Neighborhood: Mountain View

NeighborhoodNIR Market*CityMarket2010Year2000 Q42019 Q21800200022002400260028003000320034003600Rent in $16223697

* 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
Mountain View Elementary School Primary Regular 509 19 5
El Roble Intermediate School Middle Regular 1,068 43 7
Claremont High School High Regular 2,423 92 9

Mountain View Elementary School

  • Education Level: Primary
  • # of students: 509
  • # of teachers: 19
5
GreatSchools Rating

El Roble Intermediate School

  • Education Level: Middle
  • # of students: 1,068
  • # of teachers: 43
7
GreatSchools Rating

Claremont High School

  • Education Level: High
  • # of students: 2,423
  • # of teachers: 92
9
GreatSchools Rating
 

$665,910$813,890$739,900

PURCHASE PRICE

$2,376$2,904$2,640

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,640
EXPENSES Loan Payment -$2,570
Property Tax -$880
Property Insurance -$69
Property Management Fees -$129
CASH FLOW
-$1,008

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.

$739,900

PROJECTED PRICE

$2,640

PROJECTED RENT

0.36%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.56%
Appreciation Year (1-5) 4.2%
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-$15k-$10k-$5.0k$0.0$5.0k$10k

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$201,824

INVESTMENT

$201,824

Down Payment
$184,975
Rehab Estimate
$5,750
Closing Costs
$11,099

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,570

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $184,975
Loan Amount $554,925
See What Happens When You Reinvest Cash Flow

0.25

YEARS SAVED

$290

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,640

    LIST RENT
  • $1.53

    LIST RENT PER SQFT
  • $2,811

    COMP ESTIMATED VALUE
  • $1.63

    COMP AVG. RENT PER SQFT
Comps Range
$2,640
1$2,6402$2,6953$2,9004$3,0005$3,300
$3,300
RENT COMPS ANALYSIS
  • 3116 Lansbury Avenue Claremont, CA 1
    • 3 beds 2 baths ∙ 1,722 Sqft ∙ Built 1957 3 beds 2 baths ∙ 1,722 Sqft ∙ Built 1957
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,640
    • $1.53
    •  
  • 768 California Drive Claremont, CA 2
    • 3 beds 2 baths ∙ 1,611 Sqft ∙ Built 1957 3 beds 2 baths ∙ 1,611 Sqft ∙ Built 1957
    property image
    LEASED 06/27/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,695
    • $1.67
    •  
  • 1424 Turning Bend Drive Claremont, CA 3
    • 4 beds 2 baths ∙ 1,818 Sqft ∙ Built 1963 4 beds 2 baths ∙ 1,818 Sqft ∙ Built 1963
    property image
    LEASED 04/08/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,900
    • $1.60
    •  
  • 1640 Lafayette Road Claremont, CA 4
    • 3 beds 2 baths ∙ 1,859 Sqft ∙ Built 1960 3 beds 2 baths ∙ 1,859 Sqft ∙ Built 1960
    property image
    LEASED 11/03/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,000
    • $1.61
    •  
  • 1122 Vanderbilt Avenue Claremont, CA 5
    • 4 beds 3 baths ∙ 2,000 Sqft ∙ Built 1960 4 beds 3 baths ∙ 2,000 Sqft ∙ Built 1960
    property image
    LEASED 05/08/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,300
    • $1.65
    •  
PROPERTY LISTING DETAILS
Sal Ramos
Sal Ramos, Broker
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: CV21012580
Last Updated: 01/23/2021
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