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4306 Golden Glen Drive Chino Hills, CA 91709

4 Beds 3 Baths 2,276 sqft Built 1997

$719,000

List Price

$2,820

$2.6K - $3.1K

Rent Est.

PROPERTY INFO

December 18, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1997
  • Price/Sqft : $315.91
  • 3 Days on Market
  • MLS # : CV20259720
  • Updated Date : 12/18/2020 at 18:27
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,276 sqft
  • Baths : 3 full
Listing Agent

Realty One Group West

Listing Agent's Description

Chino Hills, Private Los Serrano’s Ranch, 4 Bedroom, 3 Bath Home! Enjoy your Panoramic Views in the Highly Desirable Secure, Gated Community. The Home has been recently updated including, New Paint Throughout the Interior of the Home, New Carpet and Laminate Flooring, New Kitchen with all New Appliances to be installed. The Home provides a Great Floor Plan with One Bedroom and Full Bathroom Downstairs, and a Large Open Formal Living Room and Formal Dining Room for your Enjoyment. Walk up the Elegant Stairway to the 2nd Floor and you will find a Spacious Master Suite with a Walk-in Closet which includes a Beautiful View overlooking the City Skyline and Mountain Views, a Sizeable Open Den, and 3 More Spacious Bedrooms. This Home is Located in the Heart of Chino Hills, close to all Major Shopping, Dining, Family Parks, Walking and Hiking Trails, Award Winning Schools, Golf Course, Freeway Access, and A GREAT DEAL MORE!

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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
Michael G. Wickman Elementary School Primary Regular 931 33 9
Michael G. Wickman Elementary School Middle Regular 931 33 9
Chino Hills High School High Regular 3,012 111 8

Michael G. Wickman Elementary School

  • Education Level: Primary
  • # of students: 931
  • # of teachers: 33
9
GreatSchools Rating

Michael G. Wickman Elementary School

  • Education Level: Middle
  • # of students: 931
  • # of teachers: 33
9
GreatSchools Rating

Chino Hills High School

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

$647,100$790,900$719,000

PURCHASE PRICE

$2,538$3,102$2,820

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,820
EXPENSES Loan Payment -$2,653
Property Tax -$787
Property Insurance -$82
HOA -$60
Property Management Fees -$166
CASH FLOW
-$928

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.

$719,000

PROJECTED PRICE

$2,820

PROJECTED RENT

0.39%

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$500k$1.0M$1.5M$2.0M

PROJECTED ANNUAL CASH FLOW

11530-$15k-$10k-$5.0k$0.0$5.0k$10k

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$196,285

INVESTMENT

$196,285

Down Payment
$179,750
Rehab Estimate
$5,750
Closing Costs
$10,785

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 70% down payment or higher enables the proceeds from the asset to cover all costs.

$2,653

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $179,750
Loan Amount $539,250
See What Happens When You Reinvest Cash Flow

0.33

YEARS SAVED

$553

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,820

    LIST RENT
  • $1.24

    LIST RENT PER SQFT
  • $2,817

    COMP ESTIMATED VALUE
  • $1.24

    COMP AVG. RENT PER SQFT
Comps Range
$2,700
1$2,7002$2,7003$2,8204$2,8255$3,000
$3,000
RENT COMPS ANALYSIS
  • 4306 Golden Glen Drive Chino Hills, CA 3
    • 4 beds 3 baths ∙ 2,276 Sqft ∙ Built 1997 4 beds 3 baths ∙ 2,276 Sqft ∙ Built 1997
    • Rent
    • Rent Per SQFT
    •  
    • $2,820
    • $1.24
    •  
  • 4388 Saint Andrews Drive Chino Hills, CA 1
    • 4 beds 3 baths ∙ 2,261 Sqft ∙ Built 1998 4 beds 3 baths ∙ 2,261 Sqft ∙ Built 1998
    LEASED 04/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,700
    • $1.19
    •  
  • 4286 Foxrun Drive Chino Hills, CA 2
    • 4 beds 3 baths ∙ 2,276 Sqft ∙ Built 1996 4 beds 3 baths ∙ 2,276 Sqft ∙ Built 1996
    LEASED 09/16/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,700
    • $1.19
    •  
  • 4328 Foxrun Drive Chino Hills, CA 4
    • 4 beds 3 baths ∙ 2,276 Sqft ∙ Built 1996 4 beds 3 baths ∙ 2,276 Sqft ∙ Built 1996
    LEASED 08/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,825
    • $1.24
    •  
  • 16272 Wind Forest Way Chino Hills, CA 5
    • 4 beds 3 baths ∙ 2,256 Sqft ∙ Built 1996 4 beds 3 baths ∙ 2,256 Sqft ∙ Built 1996
    LEASED 01/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,000
    • $1.33
    •  
PROPERTY LISTING DETAILS
Vena Rubalcaba
Realty One Group West
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: CV20259720
Last Updated: 12/18/2020
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