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703 Via San Simon Claremont, CA 91711

4 Beds 3 Baths 3,000 sqft Built 1970

$1,228,000

List Price

$4,340

$4.1K - $4.6K

Rent Est.

PROPERTY INFO

FACTS
  • Single Family
  • Built In 1970
  • Price/Sqft : $409.33
  • 126 Days on Market
  • MLS # : CV20197408
  • Updated Date : 01/18/2021 at 11:19
CONSTRUCTION
  • Beds : 4
  • Floor Size : 3,000 sqft
  • Baths : 3 full
Listing Agent

Telford Real Estate

Listing Agent's Description

Tour: https://my.matterport.com/show/?m=2eyX2Y6rowQ&mls=1 Stunning hilltop estate nestled in the exclusive Claraboya community w/panoramic views.Experience the luxury & glamour of this open-concept resort living estate offering privacy+majestic views of the Inland Empire Valley, beautiful canyon, city twinkling lights & stunning sunrises.An entertainer’s delight on approx. 3/4 acre professionally landscaped lot w/drought tolerant yards+your own private putting green.Stunning Porcelain tile, recessed LED lighting throughout, copper plumbing, tank-less water heater, newer furnace, some automatic shades, solar tubs & more!Gorgeous formal living rm opens to the covered patio, which wraps around the home.Gourmet kitchen boasts Granite counter tops, stainless steel appli-6 burner Viking range, dble Jenn Air ovens, newer Bosch dishwasher, built-in refrig, cabinetry w/pull-outs, island w/breakfast bar, dining area & adjoining family rm w/a fireplace.You will enjoy incredible views from the kitchen, family, dining, living rm & master suite.The 4th bedrm is currently being used as a spacious walk-in closet & can easily be converted back to the 4th bedrm.Finished 2 car garage w/epoxy flooring w/work bench.Perfect wrap around patio area w/beautiful pavers for a peaceful area to relax while enjoying breathtaking views.This property is located within mins of the 210 fwy, many trails+downtown Claremont Village-shopping, restaurants, parks, Claremont Colleges, Metro Link station & more!

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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: Claraboya

NeighborhoodNIR Market*CityMarket2010Year20002019200k400k600k800k1000k1200k1400k1600k1800k2000k2200kPrice in $199k2216k

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

Neighborhood: Claraboya

NeighborhoodNIR Market*CityMarket2010Year2000 Q42019 Q220002500300035004000450050005500600065007000750080008500Rent in $16658719

* 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
Condit Elementary School Primary Regular 687 26 7
Condit Elementary School Middle Regular 687 26 7
Claremont High School High Regular 2,423 92 9

Condit Elementary School

  • Education Level: Primary
  • # of students: 687
  • # of teachers: 26
7
GreatSchools Rating

Condit Elementary School

  • Education Level: Middle
  • # of students: 687
  • # of teachers: 26
7
GreatSchools Rating

Claremont High School

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

$1,105,200$1,350,800$1,228,000

PURCHASE PRICE

$3,906$4,774$4,340

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $4,340
EXPENSES Loan Payment -$4,265
Property Tax -$1,371
Property Insurance -$92
HOA -$9
Property Management Fees -$213
CASH FLOW
-$1,610

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.

$1,228,000

PROJECTED PRICE

$4,340

PROJECTED RENT

0.35%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.65%
Appreciation Year (1-5) 5.7%
Maintenance Year (1-5) 8.00%
Vacancy 5.10%
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$3.0M$3.5M

PROJECTED ANNUAL CASH FLOW

11530-$30k-$20k-$10k$0.0$10k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$500k$1.0M$1.5M$2.0M$2.5M$3.0M$3.5M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$331,170

INVESTMENT

$331,170

Down Payment
$307,000
Rehab Estimate
$5,750
Closing Costs
$18,420

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$4,265

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $307,000
Loan Amount $921,000
See What Happens When You Reinvest Cash Flow

0.33

YEARS SAVED

$967

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $4,340

    LIST RENT
  • $1.45

    LIST RENT PER SQFT
  • $3,850

    COMP ESTIMATED VALUE
  • $1.28

    COMP AVG. RENT PER SQFT
Comps Range
$3,600
1$3,6002$4,0003$4,2004$4,340
$4,340
RENT COMPS ANALYSIS
  • 703 Via San Simon Claremont, CA 4
    • 4 beds 3 baths ∙ 3,000 Sqft ∙ Built 1970 4 beds 3 baths ∙ 3,000 Sqft ∙ Built 1970
    • Rent
    • Rent Per SQFT
    •  
    • $4,340
    • $1.45
    •  
  • 316 E Dunbarton Place Claremont, CA 1
    • 4 beds 3 baths ∙ 2,852 Sqft ∙ Built 1987 4 beds 3 baths ∙ 2,852 Sqft ∙ Built 1987
    LEASED 06/22/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,600
    • $1.26
    •  
  • 754 Via Monte Video Street Claremont, CA 2
    • 4 beds 3 baths ∙ 3,073 Sqft ∙ Built 1969 4 beds 3 baths ∙ 3,073 Sqft ∙ Built 1969
    LEASED 07/11/20
    • Rent
    • Rent Per SQFT
    •  
    • $4,000
    • $1.30
    •  
  • 3101 Montana Lane Claremont, CA 3
    • 4 beds 3 baths ∙ 3,267 Sqft ∙ Built 1984 4 beds 3 baths ∙ 3,267 Sqft ∙ Built 1984
    LEASED 05/30/19
    • Rent
    • Rent Per SQFT
    •  
    • $4,200
    • $1.29
    •  
PROPERTY LISTING DETAILS
Nancy Telford
Telford Real Estate
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: CV20197408
Last Updated: 01/18/2021
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