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651 W Gaillard Street Glendora, CA 91740

3 Beds 2 Baths 1,099 sqft Built 1956

$550,000

List Price

$2,090

$1.9K - $2.3K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 04, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1956
  • Price/Sqft : $500.45
  • 4 Days on Market
  • MLS # : CV21045212
  • Updated Date : 03/05/2021 at 08:11
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,099 sqft
  • Baths : 2 full
Listing Agent

Realty One Group Masters

Listing Agent's Description

A very rare opportunity to own a single owner home in the heart of Glendora. Located on a low traffic cul-de-sac your family will love this quiet neighborhood. It has plenty of space to grow with 3 bedrooms, 2 bathrooms, an attached two-car garage, and a beautiful yard with mature landscaping. Truly a great home, in an excellent location, just waiting for the perfect family.

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)
  • 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]
  • 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's economy is worth $1.58 trillion in Gross Metro Product and projected to grow to $1.67 trillion (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 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: Glendora

NeighborhoodNIR Market*CityMarket2010Year20002019200k250k300k350k400k450k500k550k600k650k700k750k800k850kPrice in $199k856k

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

Neighborhood: Glendora

NeighborhoodNIR Market*CityMarket2010Year2000 Q42019 Q21800200022002400260028003000320034003600Rent in $16233697

* 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
Gladstone Street Elementary School Primary Regular 373 16 3
Center Middle School Middle Regular 567 28 4
Gladstone High School High Regular 1,217 55 6

Gladstone Street Elementary School

  • Education Level: Primary
  • # of students: 373
  • # of teachers: 16
3
GreatSchools Rating

Center Middle School

  • Education Level: Middle
  • # of students: 567
  • # of teachers: 28
4
GreatSchools Rating

Gladstone High School

  • Education Level: High
  • # of students: 1,217
  • # of teachers: 55
6
GreatSchools Rating
 

$495,000$605,000$550,000

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 -$1,910
Property Tax -$552
Property Insurance -$54
Property Management Fees -$102
CASH FLOW
-$528

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.

$550,000

PROJECTED PRICE

$2,090

PROJECTED RENT

0.38%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.56%
Appreciation Year (1-5) 5.9%
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

PROJECTED ANNUAL CASH FLOW

11530-$10k-$5.0k$0.0$5.0k$10k

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$151,500

INVESTMENT

$151,500

Down Payment
$137,500
Rehab Estimate
$5,750
Closing Costs
$8,250

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,910

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $137,500
Loan Amount $412,500
See What Happens When You Reinvest Cash Flow

1.5

YEARS SAVED

$4,391

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
  • $1.9

    LIST RENT PER SQFT
  • $2,096

    COMP ESTIMATED VALUE
  • $1.91

    COMP AVG. RENT PER SQFT
Comps Range
$2,090
1$2,0902$2,3003$2,3504$2,4005$2,795
$2,795
RENT COMPS ANALYSIS
  • 651 W Gaillard Street Glendora, CA 1
    • 3 beds 2 baths ∙ 1,099 Sqft ∙ Built 1956 3 beds 2 baths ∙ 1,099 Sqft ∙ Built 1956
    • Rent
    • Rent Per SQFT
    •  
    • $2,090
    • $1.90
    •  
  • 708 S Washington Avenue Glendora, CA 2
    • 4 beds 2 baths ∙ 1,199 Sqft ∙ Built 1954 4 beds 2 baths ∙ 1,199 Sqft ∙ Built 1954
    LEASED 03/07/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,300
    • $1.92
    •  
  • 18852 E Galatea Street Azusa, CA 3
    • 3 beds 2 baths ∙ 1,254 Sqft ∙ Built 1956 3 beds 2 baths ∙ 1,254 Sqft ∙ Built 1956
    LEASED 06/03/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,350
    • $1.87
    •  
  • 508 W Leeside Street Glendora, CA 4
    • 3 beds 2 baths ∙ 1,264 Sqft ∙ Built 1953 3 beds 2 baths ∙ 1,264 Sqft ∙ Built 1953
    LEASED 06/22/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,400
    • $1.90
    •  
  • 817 W Bagnall Street Glendora, CA 5
    • 3 beds 2 baths ∙ 1,438 Sqft ∙ Built 1952 3 beds 2 baths ∙ 1,438 Sqft ∙ Built 1952
    LEASED 11/22/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,795
    • $1.94
    •  
PROPERTY LISTING DETAILS
Christopher Hysell
Realty One Group Masters
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: CV21045212
Last Updated: 03/05/2021
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