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627 E Raborn Street San Dimas, CA 91773

3 Beds 2 Baths 1,485 sqft Built 1963

$625,000

List Price

$2,450

$2.2K - $2.7K

Rent Est.

PROPERTY INFO

80% chance this property will be sold within the next 20 days HOT INVESTMENT
February 09, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1963
  • Price/Sqft : $420.88
  • 7 Days on Market
  • MLS # : CV21026415
  • Updated Date : 02/08/2021 at 16:58
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,485 sqft
  • Baths : 2 full
Listing Agent

Zamel Real Estate Inc.

Listing Agent's Description

3 BEDROOM, 2 BATH, 2 CAR ATTACHED GARAGE. NEEDS UPDATING. LOCATED IN A GREAT NEIGHBORHOOD, IN A CUL DE SAC. BONITA SCHOOL DISTRICT LARGE BACKYARD WITH FRUIT TREES. CLOSRE TO 210 FREEWAY. PROPERTY SOLD AS IS. SELLER WILL NOT MAKE ANY REPAIRS. SEEN BY APPOINTMENT ONLY. DO NOT USE SHOWING TIME.

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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)
  • 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: San Dimas

NeighborhoodNIR Market*CityMarket2010Year20002019200k250k300k350k400k450k500k550k600k650k700k750k800k850kPrice in $199k856k

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

Neighborhood: San Dimas

NeighborhoodNIR Market*CityMarket2010Year2000 Q42019 Q216001800200022002400260028003000320034003600Rent in $15463697

* 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
Allen Avenue Elementary School Primary Regular 484 23 8
Ramona Middle School Middle Regular 1,406 51 9
Bonita High School High Regular 1,968 74 9

Allen Avenue Elementary School

  • Education Level: Primary
  • # of students: 484
  • # of teachers: 23
8
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
 

$562,500$687,500$625,000

PURCHASE PRICE

$2,205$2,695$2,450

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,450
EXPENSES Loan Payment -$2,171
Property Tax -$638
Property Insurance -$63
Property Management Fees -$120
CASH FLOW
-$542

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.

$625,000

PROJECTED PRICE

$2,450

PROJECTED RENT

0.39%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.56%
Appreciation Year (1-5) 7.0%
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$200k$400k$600k$800k$1.0M$1.2M$1.4M$1.6M$1.8M

PROJECTED ANNUAL CASH FLOW

11530-$10k-$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$1.6M$1.8M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$171,375

INVESTMENT

$171,375

Down Payment
$156,250
Rehab Estimate
$5,750
Closing Costs
$9,375

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 60% down payment or higher enables the proceeds from the asset to cover all costs.

$2,171

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $156,250
Loan Amount $468,750
See What Happens When You Reinvest Cash Flow

1.67

YEARS SAVED

$7,266

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,450

    LIST RENT
  • $1.65

    LIST RENT PER SQFT
  • $2,565

    COMP ESTIMATED VALUE
  • $1.73

    COMP AVG. RENT PER SQFT
Comps Range
$2,050
1$2,0502$2,4503$2,5004$2,6755$3,050
$3,050
RENT COMPS ANALYSIS
  • 627 E Raborn Street San Dimas, CA 2
    • 3 beds 2 baths ∙ 1,485 Sqft ∙ Built 1963 3 beds 2 baths ∙ 1,485 Sqft ∙ Built 1963
    • Rent
    • Rent Per SQFT
    •  
    • $2,450
    • $1.65
    •  
  • 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
    LEASED 09/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,050
    • $1.65
    •  
  • 742 N Walnut Avenue San Dimas, CA 3
    • 3 beds 2 baths ∙ 1,400 Sqft ∙ Built 1948 3 beds 2 baths ∙ 1,400 Sqft ∙ Built 1948
    LEASED 10/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $1.79
    •  
  • 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
    LEASED 07/04/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,675
    • $1.76
    •  
  • 918 Bayfield Drive San Dimas, CA 5
    • 3 beds 2 baths ∙ 1,782 Sqft ∙ Built 1975 3 beds 2 baths ∙ 1,782 Sqft ∙ Built 1975
    LEASED 08/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,050
    • $1.71
    •  
PROPERTY LISTING DETAILS
Mary Ann Zamel
Zamel Real Estate Inc.
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: CV21026415
Last Updated: 02/08/2021
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