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724 Knollwood Lane San Dimas, CA 91773

3 Beds 2 Baths 1,452 sqft Built 1978

$465,000

List Price

$2,310

$2.1K - $2.5K

Rent Est.

PROPERTY INFO

80% chance this property will be sold within the next 20 days HOT INVESTMENT
SINGLE-FAMILY
February 24, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1978
  • Price/Sqft : $320.25
  • 6 Days on Market
  • MLS # : CV21033262
  • Updated Date : 02/23/2021 at 20:28
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,452 sqft
  • Baths : 1 full , 1 half
Listing Agent

Coldwell Banker Blackstone Rty

Listing Agent's Description

Beautiful 3-bedroom and 2.5-bath Townhouse with 2 car garage located at the Tiburon Community. The kitchen flows into the dining area and has French doors overlooking the back patio. Upstairs you will find the master bedroom with it's own connected bath along with 2 bedrooms and hallway bathroom. The community has 2 tennis courts, 1 basketball field, 2 swimming pools, and a clubhouse for different activities. A mile drive to Raging Waters, Bonelli Park, Puddingstone Lake, and trail for outdoor activities. Great school districts and convenient locations to everything you need. This is the must-see property!

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • 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)

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
Ekstrand Elementary School Primary Regular 458 18 6
Lone Hill Middle School Middle Regular 946 36 8
San Dimas High School High Regular 1,363 52 8

Ekstrand Elementary School

  • Education Level: Primary
  • # of students: 458
  • # of teachers: 18
6
GreatSchools Rating

Lone Hill Middle School

  • Education Level: Middle
  • # of students: 946
  • # of teachers: 36
8
GreatSchools Rating

San Dimas High School

  • Education Level: High
  • # of students: 1,363
  • # of teachers: 52
8
GreatSchools Rating
 

$418,500$511,500$465,000

PURCHASE PRICE

$2,079$2,541$2,310

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,310
EXPENSES Loan Payment -$1,615
Property Tax -$475
Property Insurance -$62
HOA -$309
Property Management Fees -$113
CASH FLOW
-$264

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.

$465,000

PROJECTED PRICE

$2,310

PROJECTED RENT

0.50%

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

PROJECTED ANNUAL CASH FLOW

11530-$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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$128,975

INVESTMENT

$128,975

Down Payment
$116,250
Rehab Estimate
$5,750
Closing Costs
$6,975

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,615

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $116,250
Loan Amount $348,750
See What Happens When You Reinvest Cash Flow

3

YEARS SAVED

$11,126

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,310

    LIST RENT
  • $1.59

    LIST RENT PER SQFT
  • $2,305

    COMP ESTIMATED VALUE
  • $1.59

    COMP AVG. RENT PER SQFT
Comps Range
$2,050
1$2,0502$2,3003$2,3004$2,3105$2,650
$2,650
RENT COMPS ANALYSIS
  • 724 Knollwood Lane San Dimas, CA 4
    • 3 beds 4 baths ∙ 1,452 Sqft ∙ Built 1978 3 beds 4 baths ∙ 1,452 Sqft ∙ Built 1978
    • Rent
    • Rent Per SQFT
    •  
    • $2,310
    • $1.59
    •  
  • 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
    •  
  • 2475 Glenfield Avenue La Verne, CA 2
    • 4 beds 2 baths ∙ 1,473 Sqft ∙ Built 1977 4 beds 2 baths ∙ 1,473 Sqft ∙ Built 1977
    LEASED 09/20/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,300
    • $1.56
    •  
  • 760 Smokewood Lane San Dimas, CA 3
    • 3 beds 3 baths ∙ 1,496 Sqft ∙ Built 1979 3 beds 3 baths ∙ 1,496 Sqft ∙ Built 1979
    LEASED 06/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,300
    • $1.54
    •  
  • 512 Noah Court San Dimas, CA 5
    • 3 beds 3 baths ∙ 1,657 Sqft ∙ Built 1986 3 beds 3 baths ∙ 1,657 Sqft ∙ Built 1986
    LEASED 06/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,650
    • $1.60
    •  
PROPERTY LISTING DETAILS
Mai Aun
Coldwell Banker Blackstone Rty
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: CV21033262
Last Updated: 02/23/2021
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