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5338 Peridot Avenue Alta Loma, CA 91701

4 Beds 2 Baths 2,111 sqft Built 1977

$850,000

List Price

$2,900

$2.7K - $3.2K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
February 27, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1977
  • Price/Sqft : $402.65
  • 7 Days on Market
  • MLS # : IV21036813
  • Updated Date : 02/26/2021 at 16:00
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,111 sqft
  • Baths : 2 full
Listing Agent

Candice Newman/broker

Listing Agent's Description

Unbelievable attention to detail in this truly gorgeous, quiet cul-de-sac, turn key single story home. As you enter the home through the oversized large custom Knotty Alder wood door, you can't help but notice the herringbone pattern of the farmhouse brick style Italian porcelain tile in the entry. Stepping down into the cozy family room, your eye will be drawn to the porcelain wood-plank tiles and beautifully Spanish textured walls that you will find throughout the home. The family room leads directly to a spacious dining area directly off the kitchen, which is well appointed with the KitchenAid suite of appliances, including a double-oven, beautifully grey-stained semi-custom Knotty Alder cabinetry and a massive island. The kitchen lends itself to an additional seating area and leads to the most amazing backyard covered patio for those perfect California evenings. The backyard boasts an oversized Alumawood cover extending the width of the house and allows you the greatest views of all of the fruit trees, landscape (all drought tolerant and California native plants) and the play area. Need storage? This oversized garage has plenty of cabinets to house all of your belongings and there is potential for RV parking along the North side of the property as well. From the outdoor access to the guest bathroom, to the laundry room off the garage, every detail was considered when creating this beautiful home.

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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)
  • 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)
  • 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.

PRICE & RENT TRENDS

Neighborhood: Alta Loma

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450k500k550k600k650k700k750kPrice in $149k785k

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

Neighborhood: Alta Loma

NeighborhoodNIR Market*CityMarket2010Year2000 Q22019 Q2120014001600180020002200240026002800Rent in $10822925

* 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
Alta Loma Junior High School Middle Regular 658 24 7
Alta Loma High School High Regular 2,648 100 8

Alta Loma Junior High School

  • Education Level: Middle
  • # of students: 658
  • # of teachers: 24
7
GreatSchools Rating

Alta Loma High School

  • Education Level: High
  • # of students: 2,648
  • # of teachers: 100
8
GreatSchools Rating
 

$765,000$935,000$850,000

PURCHASE PRICE

$2,610$3,190$2,900

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,900
EXPENSES Loan Payment -$2,952
Property Tax -$791
Property Insurance -$78
Property Management Fees -$171
CASH FLOW
-$1,093

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.

$850,000

PROJECTED PRICE

$2,900

PROJECTED RENT

0.34%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.95%
Appreciation Year (1-5) 5.5%
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-$20k-$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$231,000

INVESTMENT

$231,000

Down Payment
$212,500
Rehab Estimate
$5,750
Closing Costs
$12,750

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,952

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $212,500
Loan Amount $637,500
See What Happens When You Reinvest Cash Flow

0.25

YEARS SAVED

$358

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,900

    LIST RENT
  • $1.37

    LIST RENT PER SQFT
  • $2,575

    COMP ESTIMATED VALUE
  • $1.22

    COMP AVG. RENT PER SQFT
Comps Range
$2,600
1$2,6002$2,8003$2,8004$2,9005$3,100
$3,100
RENT COMPS ANALYSIS
  • 5338 Peridot Avenue Alta Loma, CA 4
    • 4 beds 2 baths ∙ 2,111 Sqft ∙ Built 1977 4 beds 2 baths ∙ 2,111 Sqft ∙ Built 1977
    • Rent
    • Rent Per SQFT
    •  
    • $2,900
    • $1.37
    •  
  • 2465 Highland Road Upland, CA 1
    • 3 beds 2 baths ∙ 2,101 Sqft ∙ Built 1977 3 beds 2 baths ∙ 2,101 Sqft ∙ Built 1977
    LEASED 09/26/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,600
    • $1.24
    •  
  • 6440 Opal Street Rancho Cucamonga, CA 2
    • 5 beds 2 baths ∙ 2,364 Sqft ∙ Built 1971 5 beds 2 baths ∙ 2,364 Sqft ∙ Built 1971
    LEASED 12/05/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,800
    • $1.18
    •  
  • 5901 Napa Avenue Rancho Cucamonga, CA 3
    • 3 beds 3 baths ∙ 2,418 Sqft ∙ Built 1976 3 beds 3 baths ∙ 2,418 Sqft ∙ Built 1976
    LEASED 12/19/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,800
    • $1.16
    •  
  • 9587 Carrari Court Rancho Cucamonga, CA 5
    • 4 beds 3 baths ∙ 2,386 Sqft ∙ Built 1979 4 beds 3 baths ∙ 2,386 Sqft ∙ Built 1979
    LEASED 09/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,100
    • $1.30
    •  
PROPERTY LISTING DETAILS
Candice Newman
Candice Newman/broker
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: IV21036813
Last Updated: 02/26/2021
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