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415 San Leandro Drive Diamond Bar, CA 91765

4 Beds 3 Baths 2,520 sqft Built 1979

$849,000

List Price

$3,350

$3.1K - $3.6K

Rent Est.

PROPERTY INFO

October 30, 2020 RECENTLY ADDED
FACTS
  • Built In 1979
  • Price/Sqft : $336.90
  • 6 Days on Market
  • MLS # : TR20204312
  • Updated Date : 10/31/2020 at 10:50
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,520 sqft
  • Baths : 3 full
Listing Agent

First Team Real Estate

Listing Agent's Description

Don't miss the opportunity to own this wonderful 2 story home located in a great family neighborhood in Diamond Bar. Home is sold with some nice Furniture in it. The home features 4 Bedrooms, 3 Baths, spread out on 2520 Square feet of living Space. As you enter into the home you will encounter high ceiling, with wood laminated floor on the living and dining room. Tile flooring on the Kitchen, family room and first bedroom. Fireplace and a nice wet bar next to the family room. 1 Bedroom 1 Bath on the first floor. 3 Bedrooms 2 baths on the second. All 3 Bedrooms on second floor are carpet flooring. All the 3 bathrooms with tile flooring. In 2018 the pipes were replaced with new Pex plumbing, escept the line that goes to the refrigerator: Central heating and air conditioning, 3 car attached garage. This home sits on a 9933 Square feet lot, wich also feautures a patio that leads to a nice landscaped back yard. Close to shopping and schools. Easy access to Freeway 60, 10, 57 and 71.

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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: Diamond Bar

NeighborhoodNIR Market*CityMarket2010Year20002019200k250k300k350k400k450k500k550k600k650k700k750k800k850kPrice in $199k856k

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

Neighborhood: Diamond Bar

NeighborhoodNIR Market*CityMarket2010Year2000 Q42019 Q21800200022002400260028003000320034003600Rent in $17843697

* 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
Golden Springs Elementary School Primary Regular 387 14 7
Golden Springs Elementary School Middle Regular 387 14 7
Diamond Ranch High School High Regular 1,791 70 7

Golden Springs Elementary School

  • Education Level: Primary
  • # of students: 387
  • # of teachers: 14
7
GreatSchools Rating

Golden Springs Elementary School

  • Education Level: Middle
  • # of students: 387
  • # of teachers: 14
7
GreatSchools Rating

Diamond Ranch High School

  • Education Level: High
  • # of students: 1,791
  • # of teachers: 70
7
GreatSchools Rating
 

$764,100$933,900$849,000

PURCHASE PRICE

$3,015$3,685$3,350

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,350
EXPENSES Loan Payment -$3,132
Property Tax -$901
Property Insurance -$88
Property Management Fees -$164
CASH FLOW
-$935

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.

$849,000

PROJECTED PRICE

$3,350

PROJECTED RENT

0.39%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.56%
Appreciation Year (1-5) 3.5%
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$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$230,735

INVESTMENT

$230,735

Down Payment
$212,250
Rehab Estimate
$5,750
Closing Costs
$12,735

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$3,132

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $212,250
Loan Amount $636,750
See What Happens When You Reinvest Cash Flow

1.25

YEARS SAVED

$5,846

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,350

    LIST RENT
  • $1.33

    LIST RENT PER SQFT
  • $3,377

    COMP ESTIMATED VALUE
  • $1.34

    COMP AVG. RENT PER SQFT
Comps Range
$3,080
1$3,0802$3,1003$3,1004$3,3505$3,400
$3,400
RENT COMPS ANALYSIS
  • 415 San Leandro Drive Diamond Bar, CA 4
    • 4 beds 3 baths ∙ 2,520 Sqft ∙ Built 1979 4 beds 3 baths ∙ 2,520 Sqft ∙ Built 1979
    • Rent
    • Rent Per SQFT
    •  
    • $3,350
    • $1.33
    •  
  • 23303 Stirrup Drive Diamond Bar, CA 1
    • 4 beds 3 baths ∙ 2,324 Sqft ∙ Built 1973 4 beds 3 baths ∙ 2,324 Sqft ∙ Built 1973
    LEASED 02/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,080
    • $1.33
    •  
  • 858 Leyland Drive Diamond Bar, CA 2
    • 4 beds 3 baths ∙ 2,347 Sqft ∙ Built 1989 4 beds 3 baths ∙ 2,347 Sqft ∙ Built 1989
    LEASED 10/09/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,100
    • $1.32
    •  
  • 471 Ballena Drive Diamond Bar, CA 3
    • 4 beds 4 baths ∙ 2,412 Sqft ∙ Built 1967 4 beds 4 baths ∙ 2,412 Sqft ∙ Built 1967
    LEASED 04/16/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,100
    • $1.29
    •  
  • 549 Charmingdale Road Diamond Bar, CA 5
    • 5 beds 3 baths ∙ 2,400 Sqft ∙ Built 1964 5 beds 3 baths ∙ 2,400 Sqft ∙ Built 1964
    LEASED 07/17/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,400
    • $1.42
    •  
PROPERTY LISTING DETAILS
Jose Nunez
First Team Real Estate
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: TR20204312
Last Updated: 10/31/2020
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