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8533 Hawthorne Street Alta Loma, CA 91701

3 Beds 2 Baths 1,456 sqft Built 1978

$525,000

List Price

$2,220

$2K - $2.4K

Rent Est.

PROPERTY INFO

November 26, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1978
  • Price/Sqft : $360.58
  • 6 Days on Market
  • MLS # : CV20244776
  • Updated Date : 11/26/2020 at 14:13
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,456 sqft
  • Baths : 2 full
Listing Agent

Kw College Park

Listing Agent's Description

Start your new year in this single-story home in a desirable school district! This home has a great floor plan and includes updated windows/slider, lighting, AC system, ceilings and water heater. There are nice sized rooms throughout to include a generous living room with wood-style floors, fireplace and crown molding. The bright kitchen has a breakfast bar and overlooks the backyard. The combo dining/family room is being used as a dining area and accommodates a large table; it's perfect for family gatherings! In addition, there's an indoor laundry room which is always a plus! The yards are spacious....both front and back to include a dog run area in the backyard. With the 2-car garage, driveway and wide street, there's plenty of parking. Schedule your appointment and come take a look; it's conveniently located near shopping, dining and the 210 freeway.

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
Jasper Elementary School Primary Regular 515 20 7
Alta Loma Junior High School Middle Regular 658 24 7
Alta Loma High School High Regular 2,648 100 8

Jasper Elementary School

  • Education Level: Primary
  • # of students: 515
  • # of teachers: 20
7
GreatSchools Rating

Alta Loma Junior High School

  • Education Level: Middle
  • # of students: 658
  • # of teachers: 24
7
GreatSchools Rating

Alta Loma High School

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

$472,500$577,500$525,000

PURCHASE PRICE

$1,998$2,442$2,220

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,220
EXPENSES Loan Payment -$1,937
Property Tax -$490
Property Insurance -$62
Property Management Fees -$131
CASH FLOW
-$400

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.

$525,000

PROJECTED PRICE

$2,220

PROJECTED RENT

0.42%

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$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$144,875

INVESTMENT

$144,875

Down Payment
$131,250
Rehab Estimate
$5,750
Closing Costs
$7,875

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,937

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $131,250
Loan Amount $393,750
See What Happens When You Reinvest Cash Flow

2.17

YEARS SAVED

$8,959

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,220

    LIST RENT
  • $1.52

    LIST RENT PER SQFT
  • $2,381

    COMP ESTIMATED VALUE
  • $1.64

    COMP AVG. RENT PER SQFT
Comps Range
$2,220
1$2,2202$2,3003$2,3254$2,4005$2,500
$2,500
RENT COMPS ANALYSIS
  • 8533 Hawthorne Street Alta Loma, CA 1
    • 3 beds 2 baths ∙ 1,456 Sqft ∙ Built 1978 3 beds 2 baths ∙ 1,456 Sqft ∙ Built 1978
    • Rent
    • Rent Per SQFT
    •  
    • $2,220
    • $1.52
    •  
  • 8934 Sage Court Rancho Cucamonga, CA 2
    • 3 beds 3 baths ∙ 1,440 Sqft ∙ Built 1986 3 beds 3 baths ∙ 1,440 Sqft ∙ Built 1986
    LEASED 03/17/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,300
    • $1.60
    •  
  • 8530 Monte Vista Street Rancho Cucamonga, CA 3
    • 4 beds 2 baths ∙ 1,362 Sqft ∙ Built 1962 4 beds 2 baths ∙ 1,362 Sqft ∙ Built 1962
    LEASED 03/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,325
    • $1.71
    •  
  • 8953 Avalon Street Rancho Cucamonga, CA 4
    • 3 beds 3 baths ∙ 1,440 Sqft ∙ Built 1985 3 beds 3 baths ∙ 1,440 Sqft ∙ Built 1985
    LEASED 05/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,400
    • $1.67
    •  
  • 8806 Holly Street Rancho Cucamonga, CA 5
    • 4 beds 2 baths ∙ 1,599 Sqft ∙ Built 1970 4 beds 2 baths ∙ 1,599 Sqft ∙ Built 1970
    LEASED 02/13/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $1.56
    •  
PROPERTY LISTING DETAILS
Julie Gonzales
Kw College Park
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: CV20244776
Last Updated: 11/26/2020
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