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4522 Mesa Boulevard Chino Hills, CA 91709

3 Beds 2 Baths 1,300 sqft Built 1983

$468,000

List Price

$2,090

$1.9K - $2.3K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 17, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1983
  • Price/Sqft : $360.00
  • 7 Days on Market
  • MLS # : CV21054606
  • Updated Date : 03/18/2021 at 22:56
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,300 sqft
  • Baths : 1 full , 1 half
Listing Agent

Re/max 2000

Listing Agent's Description

Location! Location! Location! This lovely home sits at the desirable area in Chino Hills with a good school district. Fresh exterior paint with newer updated carpet throughout the stairs and second floor, newer roof that was replaced about 3 years ago. Entering the house you will find a cozy living space and a good size kitchen that opens to the bright breakfast nook next to the double French door that brings you much light. A spacious family room with vaulted ceiling flows out to the backyard for entertainment, relaxation and family gathering. The downstairs bedroom allows you to make it into an office or a guest room. The two upstairs bedrooms in great size share the full bath in the hallway. Direct access from the garage that has the laundry hookups. Neighborhood amenity includes a park with walking distance, street lights, and sidewalks. Very convenient to access 71 Freeway and Chino Hills Shopping Center. The house is a single family residence but has one wall shared with one neighbor!! Come and check out more before it is SOLD!

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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
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
 

$421,200$514,800$468,000

PURCHASE PRICE

$1,881$2,299$2,090

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,090
EXPENSES Loan Payment -$1,626
Property Tax -$429
Property Insurance -$59
Property Management Fees -$123
CASH FLOW
-$146

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.

$468,000

PROJECTED PRICE

$2,090

PROJECTED RENT

0.45%

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$129,770

INVESTMENT

$129,770

Down Payment
$117,000
Rehab Estimate
$5,750
Closing Costs
$7,020

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 50% down payment or higher enables the proceeds from the asset to cover all costs.

$1,626

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $117,000
Loan Amount $351,000
See What Happens When You Reinvest Cash Flow

4.08

YEARS SAVED

$17,953

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,090

    LIST RENT
  • $1.61

    LIST RENT PER SQFT
  • $2,200

    COMP ESTIMATED VALUE
  • $1.69

    COMP AVG. RENT PER SQFT
Comps Range
$2,090
1$2,0902$2,2003$2,2604$2,3005$2,500
$2,500
RENT COMPS ANALYSIS
  • 4522 Mesa Boulevard Chino Hills, CA 1
    • 3 beds 2 baths ∙ 1,300 Sqft ∙ Built 1983 3 beds 2 baths ∙ 1,300 Sqft ∙ Built 1983
    • Rent
    • Rent Per SQFT
    •  
    • $2,090
    • $1.61
    •  
  • 15119 Monterey Avenue Chino Hills, CA 2
    • 3 beds 2 baths ∙ 1,300 Sqft ∙ Built 1983 3 beds 2 baths ∙ 1,300 Sqft ∙ Built 1983
    LEASED 07/31/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,200
    • $1.69
    •  
  • 15702 Ponderosa Lane Chino Hills, CA 3
    • 3 beds 2 baths ∙ 1,379 Sqft ∙ Built 1974 3 beds 2 baths ∙ 1,379 Sqft ∙ Built 1974
    LEASED 06/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,260
    • $1.64
    •  
  • 3789 Glen Ridge Drive Chino Hills, CA 4
    • 3 beds 2 baths ∙ 1,344 Sqft ∙ Built 1977 3 beds 2 baths ∙ 1,344 Sqft ∙ Built 1977
    LEASED 08/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,300
    • $1.71
    •  
  • 15280 Ashwood Lane Chino Hills, CA 5
    • 4 beds 2 baths ∙ 1,442 Sqft ∙ Built 1965 4 beds 2 baths ∙ 1,442 Sqft ∙ Built 1965
    LEASED 10/23/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $1.73
    •  
PROPERTY LISTING DETAILS
Kehan Shih
Re/max 2000
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: CV21054606
Last Updated: 03/18/2021
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