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8274 Hillside Road Alta Loma, CA 91701

4 Beds 3 Baths 2,699 sqft Built 1990

$875,000

List Price

$3,100

$2.9K - $3.4K

Rent Est.

PROPERTY INFO

January 16, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1990
  • Price/Sqft : $324.19
  • 2 Days on Market
  • MLS # : TR21010177
  • Updated Date : 01/16/2021 at 10:33
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,699 sqft
  • Baths : 2 full , 1 half
Listing Agent

Robert Abbona Real Estate

Listing Agent's Description

BEAUTIFUL POOL HOME ON A LARGE LOT. This home has expansive views of the mountains above and city lights below. The home is situated on approx a half acre and has plenty of room for entertaining and hosting your pool parties. There is concrete decking throughout the yard, giving you lots of options for entertaining. There are also about 30 different fruit and citrus trees on the property, so there should be something to harvest and enjoy throughout the year. For those of you with toys, this home also offers gated RV parking on the side yard. There is also gated access to the horse/walking trail at the rear of the property. The owner has upgraded all windows with energy efficient ones and also installed a tankless water heater, making this home more energy efficient and helping to reduce energy bills. The family room opens to the backyard patio and has a fireplace and bar in it, making it a great place to congregate in. The large Master suite offers a balcony overlooking the city lights, giving you a peaceful place to relax and unwind. The other three bedrooms are all good size and all have mountain views to wake up to. This home has lots to offer, so please make sure you put it on your list of homes to see. Thank you.

SEE MORE

MARKET HIGHLIGHTS

  • 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.
  • 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)

PRICE & RENT TRENDS

Neighborhood: Alta Loma

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450k500k550k600k650k700k750kPrice in $149k785k

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

Neighborhood: Alta Loma

NeighborhoodNIR Market*CityMarket2010Year2000 Q22019 Q2120014001600180020002200240026002800Rent in $10822925

* 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
Floyd M. Stork Elementary School Primary Regular 742 27 10
Floyd M. Stork Elementary School Middle Regular 742 27 10
Alta Loma High School High Regular 2,648 100 8

Floyd M. Stork Elementary School

  • Education Level: Primary
  • # of students: 742
  • # of teachers: 27
10
GreatSchools Rating

Floyd M. Stork Elementary School

  • Education Level: Middle
  • # of students: 742
  • # of teachers: 27
10
GreatSchools Rating

Alta Loma High School

  • Education Level: High
  • # of students: 2,648
  • # of teachers: 100
8
GreatSchools Rating
 

$787,500$962,500$875,000

PURCHASE PRICE

$2,790$3,410$3,100

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,100
EXPENSES Loan Payment -$3,039
Property Tax -$814
Property Insurance -$93
Property Management Fees -$183
CASH FLOW
-$1,029

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.

$875,000

PROJECTED PRICE

$3,100

PROJECTED RENT

0.35%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.95%
Appreciation Year (1-5) 5.5%
Maintenance Year (1-5) 8.00%
Vacancy 5.35%
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

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$2.5M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$237,625

INVESTMENT

$237,625

Down Payment
$218,750
Rehab Estimate
$5,750
Closing Costs
$13,125

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$3,039

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $218,750
Loan Amount $656,250
See What Happens When You Reinvest Cash Flow

0.42

YEARS SAVED

$1,007

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,100

    LIST RENT
  • $1.15

    LIST RENT PER SQFT
  • $3,205

    COMP ESTIMATED VALUE
  • $1.19

    COMP AVG. RENT PER SQFT
Comps Range
$2,800
1$2,8002$2,8003$3,1004$3,2005$3,400
$3,400
RENT COMPS ANALYSIS
  • 8274 Hillside Road Alta Loma, CA 3
    • 4 beds 3 baths ∙ 2,699 Sqft ∙ Built 1990 4 beds 3 baths ∙ 2,699 Sqft ∙ Built 1990
    • Rent
    • Rent Per SQFT
    •  
    • $3,100
    • $1.15
    •  
  • 6440 Opal Street Rancho Cucamonga, CA 1
    • 5 beds 2 baths ∙ 2,364 Sqft ∙ Built 1971 5 beds 2 baths ∙ 2,364 Sqft ∙ Built 1971
    LEASED 12/05/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,800
    • $1.18
    •  
  • 5901 Napa Avenue Rancho Cucamonga, CA 2
    • 3 beds 3 baths ∙ 2,418 Sqft ∙ Built 1976 3 beds 3 baths ∙ 2,418 Sqft ∙ Built 1976
    LEASED 12/19/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,800
    • $1.16
    •  
  • 8156 Hillside Road Alta Loma, CA 4
    • 4 beds 3 baths ∙ 2,699 Sqft ∙ Built 1990 4 beds 3 baths ∙ 2,699 Sqft ∙ Built 1990
    LEASED 01/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,200
    • $1.19
    •  
  • 9328 Rancho Street Rancho Cucamonga, CA 5
    • 4 beds 3 baths ∙ 2,782 Sqft ∙ Built 1978 4 beds 3 baths ∙ 2,782 Sqft ∙ Built 1978
    LEASED 09/18/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,400
    • $1.22
    •  
PROPERTY LISTING DETAILS
Robert Abbona
Robert Abbona Real Estate
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: TR21010177
Last Updated: 01/16/2021
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