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4000 Aspen Lane Chino Hills, CA 91709

4 Beds 2 Baths 1,632 sqft Built 1972

$619,900

List Price

$2,490

$2.2K - $2.7K

Rent Est.

PROPERTY INFO

February 11, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1972
  • Price/Sqft : $379.84
  • 5 Days on Market
  • MLS # : CV21027820
  • Updated Date : 02/10/2021 at 10:03
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,632 sqft
  • Baths : 2 full
Listing Agent

Cal American Homes And Realty

Listing Agent's Description

Welcome to 4000 Aspen Lane! A well maintained home that has not been on the market for 38 years! Our Sellers have raised their family in this home and it is now time for someone else to enjoy it and call it their own. The home features four bedrooms, two full baths and a large open concept kitchen that leads to an enormous family room in the back, perfect for entertaining! The living room in the front features a cozy fireplace. The kitchen as well as both bathrooms has been upgraded with modern features. The great fenced yard is the perfect place to enjoy an afternoon BBQ featuring a covered patio and plenty of space to entertain outside. While sitting in this backyard take a look over and be able to take in the gorgeous mountain views. This home is in a great neighborhood with a ton of amenities in close proximity such as Costco, Trader Joe's, 99 Ranch Market, and dining or enjoying the outdoor mall "The Shoppes". The award winning school district and great parks also make this the perfect home for your family!

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • 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.

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
Robert O. Townsend Junior High School Middle Regular 1,082 39 8
Chino Hills High School High Regular 3,012 111 8
Chino Hills High School High Unknown NA

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

Chino Hills High School

  • Education Level: High
  • # of students:
  • # of teachers:
NA
GreatSchools Rating
 

$557,910$681,890$619,900

PURCHASE PRICE

$2,241$2,739$2,490

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,490
EXPENSES Loan Payment -$2,153
Property Tax -$565
Property Insurance -$67
Property Management Fees -$147
CASH FLOW
-$442

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.

$619,900

PROJECTED PRICE

$2,490

PROJECTED RENT

0.40%

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$170,024

INVESTMENT

$170,024

Down Payment
$154,975
Rehab Estimate
$5,750
Closing Costs
$9,299

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,153

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $154,975
Loan Amount $464,925
See What Happens When You Reinvest Cash Flow

2.08

YEARS SAVED

$8,800

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,490

    LIST RENT
  • $1.53

    LIST RENT PER SQFT
  • $2,489

    COMP ESTIMATED VALUE
  • $1.53

    COMP AVG. RENT PER SQFT
Comps Range
$2,490
1$2,4902$2,5003$2,5504$2,7005$2,700
$2,700
RENT COMPS ANALYSIS
  • 4000 Aspen Lane Chino Hills, CA 1
    • 4 beds 2 baths ∙ 1,632 Sqft ∙ Built 1972 4 beds 2 baths ∙ 1,632 Sqft ∙ Built 1972
    • Rent
    • Rent Per SQFT
    •  
    • $2,490
    • $1.53
    •  
  • 15762 Rolling Ridge Drive Chino Hills, CA 2
    • 4 beds 2 baths ∙ 1,651 Sqft ∙ Built 1974 4 beds 2 baths ∙ 1,651 Sqft ∙ Built 1974
    LEASED 06/25/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $1.51
    •  
  • 4325 Ironwood Drive Chino Hills, CA 3
    • 4 beds 3 baths ∙ 1,726 Sqft ∙ Built 1987 4 beds 3 baths ∙ 1,726 Sqft ∙ Built 1987
    LEASED 09/19/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,550
    • $1.48
    •  
  • 16189 Pebble Beach Lane Chino Hills, CA 4
    • 4 beds 3 baths ∙ 1,814 Sqft ∙ Built 1988 4 beds 3 baths ∙ 1,814 Sqft ∙ Built 1988
    LEASED 04/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,700
    • $1.49
    •  
  • 15693 Deodar Lane Chino Hills, CA 5
    • 4 beds 2 baths ∙ 1,667 Sqft ∙ Built 1974 4 beds 2 baths ∙ 1,667 Sqft ∙ Built 1974
    LEASED 01/30/21
    • Rent
    • Rent Per SQFT
    •  
    • $2,700
    • $1.62
    •  
PROPERTY LISTING DETAILS
Aaron Juarez
Cal American Homes And Realty
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: CV21027820
Last Updated: 02/10/2021
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