Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more

4362 Val Verde Avenue Chino Hills, CA 91709

3 Beds 2 Baths 1,282 sqft Built 1951

$495,000

List Price

$2,150

$1.9K - $2.4K

Rent Est.

PROPERTY INFO

December 03, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1951
  • Price/Sqft : $386.12
  • 5 Days on Market
  • MLS # : IG20249797
  • Updated Date : 12/03/2020 at 17:23
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,282 sqft
  • Baths : 2 full
Listing Agent

Coldwell Banker Alliance Realty

Listing Agent's Description

This home has had a great makeover, completed with attention to detail. New laminate flooring, new carpet in bedrooms. Cozy fireplace in living area, big picture window for natural light. Enter kitchen from dining area with ceiling fan or from hallway, kitchen has been upgraded with all new appliances, custom hanging light fixture over new sink, new faucet, can LED lights, new soft close cabinets, garbage disposal. Large laundry room off kitchen with plenty of storage and access to rear yard. Two bedrooms share main bath with new tile tub surround, original linen closet, new vanity, lighting, etc. From living room step down into main bedroom with walk-in lighted closet, bathroom was remodeled in last five years with walk-in tile shower, vanity, lighting, tile floor. House has copper plumbing, blinds on windows except living room, ceiling fan in main bedroom, dining room and back secondary bedroom. New interior doors. Front yard is fully fenced with large new lawn, sprinklers, large driveway for plenty of parking. Rear yard has had some new landscaping completed, covered patio, great for entertaining. Minutes to all shopping amenities, freeways, schools, golf course, everything Chino Hills has to offer.. The large front porch welcome you to your new home.

SEE MORE

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
 

$445,500$544,500$495,000

PURCHASE PRICE

$1,935$2,365$2,150

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,150
EXPENSES Loan Payment -$1,826
Property Tax -$457
Property Insurance -$58
Property Management Fees -$127
CASH FLOW
-$318

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.

$495,000

PROJECTED PRICE

$2,150

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

PROJECTED ANNUAL CASH FLOW

11530-$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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$136,925

INVESTMENT

$136,925

Down Payment
$123,750
Rehab Estimate
$5,750
Closing Costs
$7,425

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,826

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $123,750
Loan Amount $371,250
See What Happens When You Reinvest Cash Flow

2.5

YEARS SAVED

$11,817

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,150

    LIST RENT
  • $1.68

    LIST RENT PER SQFT
  • COMP ESTIMATED VALUE
  • COMP AVG. RENT PER SQFT
Comps Range
$2,150
1$2,150
$2,150
RENT COMPS ANALYSIS
  • 4362 Val Verde Avenue Chino Hills, CA
    • 3 beds 2 baths ∙ 1,282 Sqft ∙ Built 1951 3 beds 2 baths ∙ 1,282 Sqft ∙ Built 1951
    • Rent
    • Rent Per SQFT
    •  
    • $2,150
    • $1.68
    •  
PROPERTY LISTING DETAILS
Deborah Martin
Coldwell Banker Alliance Realty
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: IG20249797
Last Updated: 12/03/2020
BESbswy