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6046 Via Naranjo La Verne, CA 91750

4 Beds 3 Baths 2,365 sqft Built 1986

$998,900

List Price

$3,580

$3.3K - $3.8K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
February 19, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1986
  • Price/Sqft : $422.37
  • 4 Days on Market
  • MLS # : CV21031930
  • Updated Date : 02/19/2021 at 13:27
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,365 sqft
  • Baths : 3 full
Listing Agent

Pacific Realty Center

Listing Agent's Description

Remodeled North La Verne cul-de-sac home with pool, spa & PAID SOLAR SYSTEM. A grand entrance showcases the beautiful staircase, vaulted ceiling with crown molding, formal living room with newly remodeled custom fireplace, dining room with chandelier and french doors. Family room features 2nd fireplace & is open to the kitchen. Kitchen boasts stainless steel appliances, Viking microwave, DCS commercial grade oven and range, Viking hood/vent, soft closing cabinets & drawers, granite counter tops, custom built in bay window seating with storage, recessed & pendant lighting. Downstairs bedroom and upgraded bathroom. Indoor laundry room with new custom cabinets & direct garage access. Upstairs the large master bedroom features a vaulted ceiling, bay window, ceiling fan, chandeliers, walk in closet & completely custom master bathroom with marble counter, dual sinks, full backsplash to ceiling, soaking tub, separate shower with frameless glass enclosure & dual shower heads. Upper level also features a 3rd remodeled bathroom & 2 more bedrooms with oversized closets with custom built-in drawers & shelving. Backyard offers huge pool & spa that includes 5ft child safety gate, custom Tuff Shed, landscape lighting, aluminum patio covering, built in gas stainless steel bbq & peninsula. Other features: New windows with shutters throughout, Ring alarm system & video doorbell, Nest thermostat, attic storage with pull down ladder, built in garage cabinetry, B-Hyve WiFi irrigation controller.

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • 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)
  • 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]
  • Southern California area contributes to 55.3% of California state economy i.e. Gross State Product (USMayors.org, 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)

PRICE & RENT TRENDS

Neighborhood: North la Verne

NeighborhoodNIR Market*CityMarket2010Year20002019200k250k300k350k400k450k500k550k600k650k700k750k800k850kPrice in $199k856k

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

Neighborhood: North la Verne

NeighborhoodNIR Market*CityMarket2010Year2000 Q42019 Q21800200022002400260028003000320034003600Rent in $16243697

* 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
Oak Mesa Elementary School Primary Regular 585 23 10
Ramona Middle School Middle Regular 1,406 51 9
Bonita High School High Regular 1,968 74 9

Oak Mesa Elementary School

  • Education Level: Primary
  • # of students: 585
  • # of teachers: 23
10
GreatSchools Rating

Ramona Middle School

  • Education Level: Middle
  • # of students: 1,406
  • # of teachers: 51
9
GreatSchools Rating

Bonita High School

  • Education Level: High
  • # of students: 1,968
  • # of teachers: 74
9
GreatSchools Rating
 

$899,010$1,098,790$998,900

PURCHASE PRICE

$3,222$3,938$3,580

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,580
EXPENSES Loan Payment -$3,470
Property Tax -$993
Property Insurance -$84
Property Management Fees -$175
CASH FLOW
-$1,142

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.

$998,900

PROJECTED PRICE

$3,580

PROJECTED RENT

0.36%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.56%
Appreciation Year (1-5) 4.3%
Maintenance Year (1-5) 8.00%
Vacancy 5.05%
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$2.5M

PROJECTED ANNUAL CASH FLOW

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$500k$1.0M$1.5M$2.0M$2.5M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$270,459

INVESTMENT

$270,459

Down Payment
$249,725
Rehab Estimate
$5,750
Closing Costs
$14,984

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 65% down payment or higher enables the proceeds from the asset to cover all costs.

$3,470

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $249,725
Loan Amount $749,175
See What Happens When You Reinvest Cash Flow

0.67

YEARS SAVED

$2,891

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,580

    LIST RENT
  • $1.51

    LIST RENT PER SQFT
  • $3,559

    COMP ESTIMATED VALUE
  • $1.51

    COMP AVG. RENT PER SQFT
Comps Range
$3,200
1$3,2002$3,5003$3,5254$3,5805$3,690
$3,690
RENT COMPS ANALYSIS
  • 6046 Via Naranjo La Verne, CA 4
    • 4 beds 3 baths ∙ 2,365 Sqft ∙ Built 1986 4 beds 3 baths ∙ 2,365 Sqft ∙ Built 1986
    • Rent
    • Rent Per SQFT
    •  
    • $3,580
    • $1.51
    •  
  • 1162 Oak Knoll Ter La Verne, CA 1
    • 4 beds 2 baths ∙ 2,224 Sqft ∙ Built 1973 4 beds 2 baths ∙ 2,224 Sqft ∙ Built 1973
    LEASED 02/04/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,200
    • $1.44
    •  
  • 6765 Cactus Lane La Verne, CA 2
    • 4 beds 2 baths ∙ 2,286 Sqft ∙ Built 1985 4 beds 2 baths ∙ 2,286 Sqft ∙ Built 1985
    LEASED 01/03/21
    • Rent
    • Rent Per SQFT
    •  
    • $3,500
    • $1.53
    •  
  • 1806 Orangewood Street La Verne, CA 3
    • 4 beds 3 baths ∙ 2,183 Sqft ∙ Built 1985 4 beds 3 baths ∙ 2,183 Sqft ∙ Built 1985
    LEASED 08/16/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,525
    • $1.61
    •  
  • 2558 Jasmine Court La Verne, CA 5
    • 4 beds 3 baths ∙ 2,563 Sqft ∙ Built 1990 4 beds 3 baths ∙ 2,563 Sqft ∙ Built 1990
    LEASED 05/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,690
    • $1.44
    •  
PROPERTY LISTING DETAILS
Kendall Karmann
Pacific Realty Center
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: CV21031930
Last Updated: 02/19/2021
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