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6573 Shemiran Street La Verne, CA 91750

4 Beds 3 Baths 2,137 sqft Built 1989

$899,900

List Price

$3,050

$2.8K - $3.3K

Rent Est.

PROPERTY INFO

January 22, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1989
  • Price/Sqft : $421.10
  • 3 Days on Market
  • MLS # : IV21012474
  • Updated Date : 01/22/2021 at 10:17
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,137 sqft
  • Baths : 3 full
Listing Agent

Dolan Realty Company

Listing Agent's Description

Introducing an absolutely stunning home in the heart of the highly desired North La Verne neighborhood. This charming house has been re-designed and re-imagined to create a truly remarkable masterpiece. Featuring high ceilings throughout, breathtaking views, gorgeous new flooring, a separate laundry room, new HVAC system, the most modern fixtures and the list goes on and on!!! From the large living room space that flows effortlessly into the dining area and custom chef's kitchen, to the luxurious bedrooms and custom designed bathrooms, one will immediately fall in love with this home. With the easy indoor/outdoor flow from the family room into the kitchen and backyard, this place is perfect for entertaining. Located near schools, parks, hiking trails and freeways yet tucked away in a quiet and secure gated community. Don't miss out.

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • 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]

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
Sumner Elementary School Primary Regular 541 21 5
El Roble Intermediate School Middle Regular 1,068 43 7
Claremont High School High Regular 2,423 92 9

Sumner Elementary School

  • Education Level: Primary
  • # of students: 541
  • # of teachers: 21
5
GreatSchools Rating

El Roble Intermediate School

  • Education Level: Middle
  • # of students: 1,068
  • # of teachers: 43
7
GreatSchools Rating

Claremont High School

  • Education Level: High
  • # of students: 2,423
  • # of teachers: 92
9
GreatSchools Rating
 

$809,910$989,890$899,900

PURCHASE PRICE

$2,745$3,355$3,050

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,050
EXPENSES Loan Payment -$3,126
Property Tax -$872
Property Insurance -$79
HOA -$140
Property Management Fees -$149
CASH FLOW
-$1,316

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.

$899,900

PROJECTED PRICE

$3,050

PROJECTED RENT

0.34%

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

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$244,224

INVESTMENT

$244,224

Down Payment
$224,975
Rehab Estimate
$5,750
Closing Costs
$13,499

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$3,126

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $224,975
Loan Amount $674,925
See What Happens When You Reinvest Cash Flow

0.17

YEARS SAVED

$142

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,050

    LIST RENT
  • $1.43

    LIST RENT PER SQFT
  • $3,259

    COMP ESTIMATED VALUE
  • $1.53

    COMP AVG. RENT PER SQFT
Comps Range
$3,050
1$3,0502$3,1003$3,1004$3,3005$3,500
$3,500
RENT COMPS ANALYSIS
  • 6573 Shemiran Street La Verne, CA 1
    • 4 beds 3 baths ∙ 2,137 Sqft ∙ Built 1989 4 beds 3 baths ∙ 2,137 Sqft ∙ Built 1989
    • Rent
    • Rent Per SQFT
    •  
    • $3,050
    • $1.43
    •  
  • 2432 Hummingbird Way La Verne, CA 2
    • 4 beds 3 baths ∙ 1,949 Sqft ∙ Built 1989 4 beds 3 baths ∙ 1,949 Sqft ∙ Built 1989
    LEASED 10/21/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,100
    • $1.59
    •  
  • 2316 Trickling Creek Drive La Verne, CA 3
    • 4 beds 3 baths ∙ 2,009 Sqft ∙ Built 1987 4 beds 3 baths ∙ 2,009 Sqft ∙ Built 1987
    LEASED 11/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,100
    • $1.54
    •  
  • 2156 Driver Lane La Verne, CA 4
    • 4 beds 3 baths ∙ 2,287 Sqft ∙ Built 1981 4 beds 3 baths ∙ 2,287 Sqft ∙ Built 1981
    LEASED 08/26/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,300
    • $1.44
    •  
  • 6765 Cactus Lane La Verne, CA 5
    • 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
    •  
PROPERTY LISTING DETAILS
Denis Dolginov
Dolan Realty Company
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: IV21012474
Last Updated: 01/22/2021
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