Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more

7801 Celeste Avenue Fontana, CA 92336

3 Beds 3 Baths 1,363 sqft Built 1985

$415,900

List Price

$2,160

$1.9K - $2.4K

Rent Est.

PROPERTY INFO

February 06, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1985
  • Price/Sqft : $305.14
  • 3 Days on Market
  • MLS # : IV21024947
  • Updated Date : 02/05/2021 at 19:19
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,363 sqft
  • Baths : 2 full , 1 half
Listing Agent

Advantage Real Estate

Listing Agent's Description

Celeste Ave is a single family residence located in Fontana, CA. Built in 1985, this property features 3 bedrooms, 2.5 bathrooms, 4,550 sq ft lot, and 1,363 sq ft of living space. Home is outdated, but needs your modern charm. Great starter home or investment opportunity. Sizable backyard and pool for entertaining and parties. Come see and make it yours!

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)
  • 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's economy is worth $1.58 trillion in Gross Metro Product and projected to grow to $1.67 trillion (USMayors.org, 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)
  • 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]
  • 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)
  • As part of Southern California area, Inland Empire market inherits all the benefits from the area.

PRICE & RENT TRENDS

Neighborhood: Northgate

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450kPrice in $116k470k

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

Neighborhood: Northgate

NeighborhoodNIR Market*CityMarket2010Year2000 Q22019 Q2100011001200130014001500160017001800190020002100Rent in $9112139

* 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
Tokay Elementary School Primary Regular 580 21 3
Almeria Middle School Middle Regular 833 38 3
Fontana A. B. Miller High School High Regular 2,352 112 4

Tokay Elementary School

  • Education Level: Primary
  • # of students: 580
  • # of teachers: 21
3
GreatSchools Rating

Almeria Middle School

  • Education Level: Middle
  • # of students: 833
  • # of teachers: 38
3
GreatSchools Rating

Fontana A. B. Miller High School

  • Education Level: High
  • # of students: 2,352
  • # of teachers: 112
4
GreatSchools Rating
 

$374,310$457,490$415,900

PURCHASE PRICE

$1,944$2,376$2,160

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,160
EXPENSES Loan Payment -$1,445
Property Tax -$442
Property Insurance -$60
Property Management Fees -$127
CASH FLOW
$86

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.

$415,900

PROJECTED PRICE

$2,160

PROJECTED RENT

0.52%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.76%
Appreciation Year (1-5) 10.7%
Maintenance Year (1-5) 8.00%
Vacancy 5.41%
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$0.0$5.0k$10k$15k$20k

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$115,964

INVESTMENT

$115,964

Down Payment
$103,975
Rehab Estimate
$5,750
Closing Costs
$6,239

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 45% down payment or higher enables the proceeds from the asset to cover all costs.

$1,445

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $103,975
Loan Amount $311,925
See What Happens When You Reinvest Cash Flow

6.58

YEARS SAVED

$33,216

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,160

    LIST RENT
  • $1.58

    LIST RENT PER SQFT
  • $1,908

    COMP ESTIMATED VALUE
  • $1.4

    COMP AVG. RENT PER SQFT
Comps Range
$1,695
1$1,6952$1,8953$2,1604$2,2005$2,200
$2,200
RENT COMPS ANALYSIS
  • 7801 Celeste Avenue Fontana, CA 3
    • 3 beds 3 baths ∙ 1,363 Sqft ∙ Built 1985 3 beds 3 baths ∙ 1,363 Sqft ∙ Built 1985
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,160
    • $1.58
    •  
  • 7399 Kempster Avenue Fontana, CA 1
    • 3 beds 2 baths ∙ 1,207 Sqft ∙ Built 1983 3 beds 2 baths ∙ 1,207 Sqft ∙ Built 1983
    property image
    LEASED 02/21/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,695
    • $1.40
    •  
  • 15673 Barbee Street Fontana, CA 2
    • 4 beds 3 baths ∙ 1,338 Sqft ∙ Built 1986 4 beds 3 baths ∙ 1,338 Sqft ∙ Built 1986
    property image
    LEASED 12/14/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,895
    • $1.42
    •  
  • 17142 Fern Street Fontana, CA 4
    • 4 beds 3 baths ∙ 1,547 Sqft ∙ Built 1990 4 beds 3 baths ∙ 1,547 Sqft ∙ Built 1990
    property image
    LEASED 10/23/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,200
    • $1.42
    •  
  • 7430 Kempster Avenue Fontana, CA 5
    • 3 beds 2 baths ∙ 1,615 Sqft ∙ Built 1996 3 beds 2 baths ∙ 1,615 Sqft ∙ Built 1996
    property image
    LEASED 01/10/21
    • Rent
    • Rent Per SQFT
    •  
    • $2,200
    • $1.36
    •  
PROPERTY LISTING DETAILS
Victoria Irwin
Advantage Real Estate
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: IV21024947
Last Updated: 02/05/2021
BESbswy