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4105 La Junta Drive Claremont, CA 91711

3 Beds 2 Baths 2,045 sqft Built 1954

$784,900

List Price

$2,930

$2.7K - $3.2K

Rent Est.

PROPERTY INFO

November 14, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1954
  • Price/Sqft : $383.81
  • 3 Days on Market
  • MLS # : CV20239538
  • Updated Date : 11/13/2020 at 19:51
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,045 sqft
  • Baths : 2 full
Listing Agent

Lori Garcia, Broker

Listing Agent's Description

This prestigious 3 bedroom/2 Bath PIEDMONT MESA POOL home has many features that you'll love located in desirable North Claremont, an enclave of custom houses. Freshly painted home, new outside patio area with twinkling lights for those relaxing nights. As you enter this bright and airy floor plan you can't help but notice the lovely HARDWOOD FLOORING & TILE throughout the home. The KITCHEN is on the front of the house facing east that's been updated featuring granite counter tops, cabinetry, modern mosaic backslash and color coordinated pendant lights. Kitchen has a separate breakfast nook area and next to kitchen there is an indoor laundry room with wall cabinets for extra storage. Spacious living room features a raised brick fireplace. Beautiful Crown molding through out the home. Bathrooms are upgraded with granite counter tops, updated cabinetry, and pendant lights. French doors lead to large open family room with wood beam ceilings and cozy fireplace overlooking soothing backyard with patio and pool. Lovely backyard. Neighborhood wonderful to walk in, also walking distance to Thompson creek trail.

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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)
  • 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]
  • 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)

PRICE & RENT TRENDS

Neighborhood: Piedmont Mesa

NeighborhoodNIR Market*CityMarket2010Year20002019200k250k300k350k400k450k500k550k600k650k700k750k800k850kPrice in $199k856k

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

Neighborhood: Piedmont Mesa

NeighborhoodNIR Market*CityMarket2010Year2000 Q42019 Q21800200022002400260028003000320034003600Rent in $16613697

* 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
Sumner Elementary School Primary Regular 541 21 5
El Roble Intermediate School Middle Regular 1,068 43 7
Claremont High School High Regular 2,423 92 9

Sumner Elementary School

  • Education Level: Primary
  • # of students: 541
  • # of teachers: 21
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
 

$706,410$863,390$784,900

PURCHASE PRICE

$2,637$3,223$2,930

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,930
EXPENSES Loan Payment -$2,896
Property Tax -$815
Property Insurance -$76
Property Management Fees -$144
CASH FLOW
-$1,001

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.

$784,900

PROJECTED PRICE

$2,930

PROJECTED RENT

0.37%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.56%
Appreciation Year (1-5) 7.6%
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$2.5M

PROJECTED ANNUAL CASH FLOW

11530-$15k-$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$2.5M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$213,749

INVESTMENT

$213,749

Down Payment
$196,225
Rehab Estimate
$5,750
Closing Costs
$11,774

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 65% down payment or higher enables the proceeds from the asset to cover all costs.

$2,896

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $196,225
Loan Amount $588,675
See What Happens When You Reinvest Cash Flow

0.58

YEARS SAVED

$1,864

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,930

    LIST RENT
  • $1.43

    LIST RENT PER SQFT
  • $3,103

    COMP ESTIMATED VALUE
  • $1.52

    COMP AVG. RENT PER SQFT
Comps Range
$2,795
1$2,7952$2,9003$2,9304$3,1005$3,400
$3,400
RENT COMPS ANALYSIS
  • 4105 La Junta Drive Claremont, CA 3
    • 3 beds 2 baths ∙ 2,045 Sqft ∙ Built 1954 3 beds 2 baths ∙ 2,045 Sqft ∙ Built 1954
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,930
    • $1.43
    •  
  • 1445 Turning Bend Drive Claremont, CA 1
    • 4 beds 3 baths ∙ 2,124 Sqft ∙ Built 1963 4 beds 3 baths ∙ 2,124 Sqft ∙ Built 1963
    property image
    LEASED 03/11/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,795
    • $1.32
    •  
  • 1424 Turning Bend Drive Claremont, CA 2
    • 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
    •  
  • 1098 Syracuse Dr Claremont, CA 4
    • 3 beds 1 baths ∙ 2,004 Sqft ∙ Built 1964 3 beds 1 baths ∙ 2,004 Sqft ∙ Built 1964
    property image
    LEASED 07/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,100
    • $1.55
    •  
  • 3944 Florac Avenue Claremont, CA 5
    • 4 beds 3 baths ∙ 2,123 Sqft ∙ Built 1958 4 beds 3 baths ∙ 2,123 Sqft ∙ Built 1958
    property image
    LEASED 09/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,400
    • $1.60
    •  
PROPERTY LISTING DETAILS
Lori Garcia
Lori Garcia, Broker
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: CV20239538
Last Updated: 11/13/2020
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