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3321 Logan Street La Verne, CA 91750

3 Beds 1 Baths 1,488 sqft Built 1977

$679,900

List Price

$2,780

$2.5K - $3K

Rent Est.

PROPERTY INFO

December 27, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1977
  • Price/Sqft : $456.92
  • 2 Days on Market
  • MLS # : NP20262877
  • Updated Date : 12/26/2020 at 21:24
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,488 sqft
  • Baths : 1 full
Listing Agent

Four Sail Realty

Listing Agent's Description

Beautifully maintained 3 bedroom 2 bath home in a highly desirable area of La Verne. This well designed house seems larger than 1488 sq feet, and the mountain views from multiple rooms are breathtaking. The front and backyards are well manicured and the 3-car garage is a pleasant bonus as well. Start 2021 with new and wonderful memories in a great new home.

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: 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
Grace Miller Elementary School Primary Regular 408 18 9
Ramona Middle School Middle Regular 1,406 51 9
Bonita High School High Regular 1,968 74 9

Grace Miller Elementary School

  • Education Level: Primary
  • # of students: 408
  • # of teachers: 18
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
 

$611,910$747,890$679,900

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 -$2,509
Property Tax -$680
Property Insurance -$63
Property Management Fees -$136
CASH FLOW
-$607

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.

$679,900

PROJECTED PRICE

$2,780

PROJECTED RENT

0.41%

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-$10k-$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$185,924

INVESTMENT

$185,924

Down Payment
$169,975
Rehab Estimate
$5,750
Closing Costs
$10,199

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,509

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $169,975
Loan Amount $509,925
See What Happens When You Reinvest Cash Flow

2.08

YEARS SAVED

$10,918

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
  • $1.87

    LIST RENT PER SQFT
  • $2,816

    COMP ESTIMATED VALUE
  • $1.89

    COMP AVG. RENT PER SQFT
Comps Range
$2,675
1$2,6752$2,7803$2,8504$2,9005$3,000
$3,000
RENT COMPS ANALYSIS
  • 3321 Logan Street La Verne, CA 2
    • 3 beds 1 baths ∙ 1,488 Sqft ∙ Built 1977 3 beds 1 baths ∙ 1,488 Sqft ∙ Built 1977
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,780
    • $1.87
    •  
  • 2441 Sylvian Lane La Verne, CA 1
    • 3 beds 2 baths ∙ 1,524 Sqft ∙ Built 1978 3 beds 2 baths ∙ 1,524 Sqft ∙ Built 1978
    property image
    LEASED 07/04/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,675
    • $1.76
    •  
  • 1201 Danton Street La Verne, CA 3
    • 3 beds 2 baths ∙ 1,404 Sqft ∙ Built 1972 3 beds 2 baths ∙ 1,404 Sqft ∙ Built 1972
    property image
    LEASED 05/09/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,850
    • $2.03
    •  
  • 3315 Logan Street La Verne, CA 4
    • 4 beds 2 baths ∙ 1,580 Sqft ∙ Built 1977 4 beds 2 baths ∙ 1,580 Sqft ∙ Built 1977
    property image
    LEASED 11/15/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,900
    • $1.84
    •  
  • 1316 Danton Street La Verne, CA 5
    • 3 beds 2 baths ∙ 1,550 Sqft ∙ Built 1972 3 beds 2 baths ∙ 1,550 Sqft ∙ Built 1972
    property image
    LEASED 11/16/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,000
    • $1.94
    •  
PROPERTY LISTING DETAILS
Eric Sanchez
Four Sail Realty
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: NP20262877
Last Updated: 12/26/2020
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