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568 Willow Place La Verne, CA 91750

3 Beds 2 Baths 1,179 sqft Built 1984

$535,900

List Price

$2,390

$2.2K - $2.6K

Rent Est.

PROPERTY INFO

80% chance this property will be sold within the next 20 days HOT INVESTMENT
January 09, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1984
  • Price/Sqft : $454.54
  • 3 Days on Market
  • MLS # : SR21004611
  • Updated Date : 01/08/2021 at 17:03
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,179 sqft
  • Baths : 2 full
Listing Agent

Johnhart Corp.

Listing Agent's Description

This lovely 3 bedroom, 2 bathroom home in La Verne features 1,179 sq ft of space on a 4,700+ sq ft lot! The front door opens to a flood of natural light, and the living room provides a fireplace to keep you warm on colder nights. In the kitchen you’ll find gorgeous dark wood cabinetry, plus the appliances and space you need to cook up delectable meals. Each bathroom contains a full shower and tub, while the bedrooms provide plenty of closet storage space. Two separate sliding doors open to the grassy backyard while a sizable garage stores your car and then some! Plus, this residence is conveniently located near Raging Waters, the Puddingstone Reservoir, and Glendora Country Club.

SEE MORE

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: South la Verne

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450k500k550k600k650kPrice in $139k676k

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

Neighborhood: South la Verne

NeighborhoodNIR Market*CityMarket2010Year2000 Q42019 Q216001700180019002000210022002300240025002600270028002900Rent in $15772941

* 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
Grace Miller Elementary School Primary Regular 408 18 9
Lone Hill Middle School Middle Regular 946 36 8
San Dimas High School High Regular 1,363 52 8

Grace Miller Elementary School

  • Education Level: Primary
  • # of students: 408
  • # of teachers: 18
9
GreatSchools Rating

Lone Hill Middle School

  • Education Level: Middle
  • # of students: 946
  • # of teachers: 36
8
GreatSchools Rating

San Dimas High School

  • Education Level: High
  • # of students: 1,363
  • # of teachers: 52
8
GreatSchools Rating
 

$482,310$589,490$535,900

PURCHASE PRICE

$2,151$2,629$2,390

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,390
EXPENSES Loan Payment -$1,861
Property Tax -$519
Property Insurance -$56
HOA -$83
Property Management Fees -$117
CASH FLOW
-$246

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.

$535,900

PROJECTED PRICE

$2,390

PROJECTED RENT

0.45%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.48%
Appreciation Year (1-5) 5.8%
Maintenance Year (1-5) 8.00%
Vacancy 4.69%
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$1.6M

PROJECTED ANNUAL CASH FLOW

11530-$5.0k$0.0$5.0k$10k$15k$20k

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$147,764

INVESTMENT

$147,764

Down Payment
$133,975
Rehab Estimate
$5,750
Closing Costs
$8,039

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,861

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $133,975
Loan Amount $401,925
See What Happens When You Reinvest Cash Flow

3.67

YEARS SAVED

$18,869

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,390

    LIST RENT
  • $2.03

    LIST RENT PER SQFT
  • $2,071

    COMP ESTIMATED VALUE
  • $1.76

    COMP AVG. RENT PER SQFT
Comps Range
$2,050
1$2,0502$2,1503$2,3904$2,675
$2,675
RENT COMPS ANALYSIS
  • 568 Willow Place La Verne, CA 3
    • 3 beds 2 baths ∙ 1,179 Sqft ∙ Built 1984 3 beds 2 baths ∙ 1,179 Sqft ∙ Built 1984
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,390
    • $2.03
    •  
  • 225 S San Dimas Canyon Road San Dimas, CA 1
    • 3 beds 2 baths ∙ 1,242 Sqft ∙ Built 1981 3 beds 2 baths ∙ 1,242 Sqft ∙ Built 1981
    property image
    LEASED 09/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,050
    • $1.65
    •  
  • 3805 Abbey Way La Verne, CA 2
    • 3 beds 2 baths ∙ 1,159 Sqft ∙ Built 1972 3 beds 2 baths ∙ 1,159 Sqft ∙ Built 1972
    property image
    LEASED 07/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,150
    • $1.86
    •  
  • 2441 Sylvian Lane La Verne, CA 4
    • 3 beds 2 baths ∙ 1,524 Sqft ∙ Built 1978 3 beds 2 baths ∙ 1,524 Sqft ∙ Built 1978
    property image
    LEASED 07/04/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,675
    • $1.76
    •  
PROPERTY LISTING DETAILS
John Maseredjian
Johnhart Corp.
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: SR21004611
Last Updated: 01/08/2021
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