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728 Belleview Avenue San Dimas, CA 91773

3 Beds 1 Baths 1,269 sqft Built 1962

$599,500

List Price

$2,300

$2.1K - $2.5K

Rent Est.

PROPERTY INFO

October 30, 2020 RECENTLY ADDED
FACTS
  • Built In 1962
  • Price/Sqft : $472.42
  • 6 Days on Market
  • MLS # : CV20229048
  • Updated Date : 10/29/2020 at 22:05
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,269 sqft
  • Baths : 1 full
Listing Agent

Berkshire Hath Hm Svcs Ca Prop

Listing Agent's Description

Ideally located in a great San Dimas neighborhood and on a cul-de-sac. Walking distance to downtown area, conveniently located near 210 and 57 freeways. Three Bedrooms, 2 Bathrooms on a spacious lot. The home contains a separate indoor laundry room with access from the back yard. Window replacement and painting completed this year, new roll up garage door in 2019. Kitchen was remodeled approx. 7 years ago and includes a large pantry. An extra screened patio is accessible from a sliding glass door in the dining or family room. Fireplace facing family room/kitchen. Original hardwood floors have been uncovered and appear to be in very good condition. Do not disturb occupants. Call for details.

SEE MORE

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
Lone Hill Middle School Middle Regular 946 36 8
San Dimas High School High Regular 1,363 52 8

Allen Avenue Elementary School

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

$539,550$659,450$599,500

PURCHASE PRICE

$2,070$2,530$2,300

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,300
EXPENSES Loan Payment -$2,212
Property Tax -$612
Property Insurance -$58
Property Management Fees -$113
CASH FLOW
-$695

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.

$599,500

PROJECTED PRICE

$2,300

PROJECTED RENT

0.38%

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

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$164,618

INVESTMENT

$164,618

Down Payment
$149,875
Rehab Estimate
$5,750
Closing Costs
$8,993

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,212

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $149,875
Loan Amount $449,625
See What Happens When You Reinvest Cash Flow

1

YEARS SAVED

$2,989

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,300

    LIST RENT
  • $1.81

    LIST RENT PER SQFT
  • $2,329

    COMP ESTIMATED VALUE
  • $1.84

    COMP AVG. RENT PER SQFT
Comps Range
$2,300
1$2,3002$2,5003$2,6004$2,6755$2,700
$2,700
RENT COMPS ANALYSIS
  • 728 Belleview Avenue San Dimas, CA 1
    • 3 beds 1 baths ∙ 1,269 Sqft ∙ Built 1962 3 beds 1 baths ∙ 1,269 Sqft ∙ Built 1962
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,300
    • $1.81
    •  
  • 742 N Walnut Avenue San Dimas, CA 2
    • 3 beds 2 baths ∙ 1,400 Sqft ∙ Built 1948 3 beds 2 baths ∙ 1,400 Sqft ∙ Built 1948
    property image
    LEASED 10/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $1.79
    •  
  • 131 E 3rd St San Dimas, CA 3
    • 3 beds 2 baths ∙ 1,372 Sqft ∙ Built 1947 3 beds 2 baths ∙ 1,372 Sqft ∙ Built 1947
    property image
    LEASED 10/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,600
    • $1.90
    •  
  • 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
    property image
    LEASED 07/04/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,675
    • $1.76
    •  
  • 2127 E Linfield Street Glendora, CA 5
    • 4 beds 2 baths ∙ 1,430 Sqft ∙ Built 1962 4 beds 2 baths ∙ 1,430 Sqft ∙ Built 1962
    property image
    LEASED 03/22/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,700
    • $1.89
    •  
PROPERTY LISTING DETAILS
Judith Threadgill-jones
Berkshire Hath Hm Svcs Ca Prop
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: CV20229048
Last Updated: 10/29/2020
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