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3859 Arbor Chino Hills, CA 91709

3 Beds 2 Baths 1,482 sqft Built 1972

$596,888

List Price

$2,540

$2.3K - $2.8K

Rent Est.

PROPERTY INFO

December 18, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1972
  • Price/Sqft : $402.76
  • 6 Days on Market
  • MLS # : TR20256245
  • Updated Date : 12/18/2020 at 11:41
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,482 sqft
  • Baths : 2 full
Listing Agent

King Realty Group Inc

Listing Agent's Description

NO HOA!!! LOW TAX RATE!!! SINGLE STORY!!! CUL-DE-SAC!!! VIEW!!! POOL!!! RV PARKING!!! Highly desirable Chino Hills gem is located on a cul-de-sac in a quiet, quaint, neighborhood with gorgeous views of the hills! This beautiful one story home features 3 bedrooms, 2 bathrooms (which have BOTH been NEWLY renovated), a pool, a view all on a 10,440 sq. ft. lot!!! NEW carpet has been installed as well. The property features a sparkling blue pool with the coveted "open floor" concept & an enclosed patio! Bright living room with fireplace, & an added on (permitted) family room, which is open to the kitchen and dining area. Spacious kitchen has granite countertops. Most of the interior has been FRESHLY painted and the popcorn has been removed from the ceilings! NEW 6 panel bedroom doors were installed and NEW closet doors in the 2 extra bedrooms. The roof was REDONE last year. Enjoy this lovely, single story pool home, on a 10,440 SQ Ft lot with RV Parking (possible room for an ADU on the side, please check with building department). Elegant pavers adorn the driveway and the front lawn is covered with lush green grass. THIS HOME WON'T LAST!!!!!

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MARKET HIGHLIGHTS

  • 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]
  • 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)
  • As part of Southern California area, Inland Empire market inherits all the benefits from the area.
  • 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 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's economy is worth $1.58 trillion in Gross Metro Product and projected to grow to $1.67 trillion (USMayors.org, 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: Chino Hills

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450k500k550k600k650k700kPrice in $149k727k

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

Neighborhood: Chino Hills

NeighborhoodNIR Market*CityMarket2010Year2000 Q22019 Q212001400160018002000220024002600Rent in $10822735

* 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
Glenmeade Elementary School Primary Regular 549 21 6
Robert O. Townsend Junior High School Middle Regular 1,082 39 8
Chino Hills High School High Regular 3,012 111 8

Glenmeade Elementary School

  • Education Level: Primary
  • # of students: 549
  • # of teachers: 21
6
GreatSchools Rating

Robert O. Townsend Junior High School

  • Education Level: Middle
  • # of students: 1,082
  • # of teachers: 39
8
GreatSchools Rating

Chino Hills High School

  • Education Level: High
  • # of students: 3,012
  • # of teachers: 111
8
GreatSchools Rating
 

$537,199$656,577$596,888

PURCHASE PRICE

$2,286$2,794$2,540

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,540
EXPENSES Loan Payment -$2,202
Property Tax -$544
Property Insurance -$63
Property Management Fees -$150
CASH FLOW
-$419

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.

$596,888

PROJECTED PRICE

$2,540

PROJECTED RENT

0.43%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.95%
Appreciation Year (1-5) 5.1%
Maintenance Year (1-5) 8.00%
Vacancy 5.35%
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

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$163,925

INVESTMENT

$163,925

Down Payment
$149,222
Rehab Estimate
$5,750
Closing Costs
$8,953

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,202

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $149,222
Loan Amount $447,666
See What Happens When You Reinvest Cash Flow

2.42

YEARS SAVED

$12,472

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,540

    LIST RENT
  • $1.71

    LIST RENT PER SQFT
  • $2,549

    COMP ESTIMATED VALUE
  • $1.72

    COMP AVG. RENT PER SQFT
Comps Range
$2,260
1$2,2602$2,3003$2,5004$2,5405$2,600
$2,600
RENT COMPS ANALYSIS
  • 3859 Arbor Chino Hills, CA 4
    • 3 beds 2 baths ∙ 1,482 Sqft ∙ Built 1972 3 beds 2 baths ∙ 1,482 Sqft ∙ Built 1972
    • Rent
    • Rent Per SQFT
    •  
    • $2,540
    • $1.71
    •  
  • 15702 Ponderosa Lane Chino Hills, CA 1
    • 3 beds 2 baths ∙ 1,379 Sqft ∙ Built 1974 3 beds 2 baths ∙ 1,379 Sqft ∙ Built 1974
    LEASED 06/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,260
    • $1.64
    •  
  • 3789 Glen Ridge Drive Chino Hills, CA 2
    • 3 beds 2 baths ∙ 1,344 Sqft ∙ Built 1977 3 beds 2 baths ∙ 1,344 Sqft ∙ Built 1977
    LEASED 08/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,300
    • $1.71
    •  
  • 15507 Balsam Court Chino Hills, CA 3
    • 3 beds 2 baths ∙ 1,400 Sqft ∙ Built 1972 3 beds 2 baths ∙ 1,400 Sqft ∙ Built 1972
    LEASED 06/29/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $1.79
    •  
  • 14770 Osmunda Avenue Chino Hills, CA 5
    • 4 beds 2 baths ∙ 1,494 Sqft ∙ Built 1977 4 beds 2 baths ∙ 1,494 Sqft ∙ Built 1977
    LEASED 11/06/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,600
    • $1.74
    •  
PROPERTY LISTING DETAILS
Brenda Maleskey
King Realty Group Inc
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: TR20256245
Last Updated: 12/18/2020
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