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872 Calle Carrillo San Dimas, CA 91773

4 Beds 3 Baths 2,264 sqft Built 1977

$879,000

List Price

$3,140

$2.9K - $3.4K

Rent Est.

PROPERTY INFO

February 06, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1977
  • Price/Sqft : $388.25
  • 3 Days on Market
  • MLS # : CV21024669
  • Updated Date : 02/05/2021 at 14:05
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,264 sqft
  • Baths : 3 full
Listing Agent

Kw Vision

Listing Agent's Description

Beautiful two-story move-in ready home located in the prestigious Via Verde neighborhood of San Dimas. Bright and airy floor plan with ample natural light throughout the day. Property features 4 bedrooms and 3 baths, double-door entry, spacious living and dining rooms with high cathedral ceilings, double-pane windows throughout, newly remodeled custom kitchen with quartz countertops and marble backsplash, and built-in stainless steel appliances, including a French-door oven. The family room has a brick fireplace, a built-in wet bar with quartz countertop, and large patio doors leading out to the nicely landscaped backyard with a BBQ and patio area. The downstairs bedroom has a built-in Murphy bed and a desk ideal for a home-office or a downstairs bedroom. Huge upstairs master suite with custom double-door entry, patio doors leading to a Juliette balcony with a view of the green hills, a large bathroom with custom built-in his/hers vanity, and separate shower area with custom tile work. There are two additional bedrooms and a bathroom upstairs along with a finished attic and a pull-down ladder. All three bathrooms in the home have been fully remodeled with modern designer tile work, lighting and fixtures. Additionally, hardwood floors, recessed lighting and designer chandeliers throughout the house, clean 2-car garage with a workstation and storage space. All this in a neighborhood location with nearby parks, walking, hiking, and horse trails, and the Via Verde Country Club.

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
Shull Elementary School Primary Regular 598 22 10
Lone Hill Middle School Middle Regular 946 36 8
San Dimas High School High Regular 1,363 52 8

Shull Elementary School

  • Education Level: Primary
  • # of students: 598
  • # of teachers: 22
10
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
 

$791,100$966,900$879,000

PURCHASE PRICE

$2,826$3,454$3,140

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,140
EXPENSES Loan Payment -$3,053
Property Tax -$898
Property Insurance -$82
Property Management Fees -$154
CASH FLOW
-$1,046

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.

$879,000

PROJECTED PRICE

$3,140

PROJECTED RENT

0.36%

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$500k$1.0M$1.5M$2.0M$2.5M

PROJECTED ANNUAL CASH FLOW

11530-$20k-$15k-$10k-$5.0k$0.0$5.0k$10k$15k

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$238,685

INVESTMENT

$238,685

Down Payment
$219,750
Rehab Estimate
$5,750
Closing Costs
$13,185

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$3,053

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $219,750
Loan Amount $659,250
See What Happens When You Reinvest Cash Flow

0.58

YEARS SAVED

$1,820

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,140

    LIST RENT
  • $1.39

    LIST RENT PER SQFT
  • $3,238

    COMP ESTIMATED VALUE
  • $1.43

    COMP AVG. RENT PER SQFT
Comps Range
$2,700
1$2,7002$3,1403$3,2904$3,3005$3,500
$3,500
RENT COMPS ANALYSIS
  • 872 Calle Carrillo San Dimas, CA 2
    • 4 beds 3 baths ∙ 2,264 Sqft ∙ Built 1977 4 beds 3 baths ∙ 2,264 Sqft ∙ Built 1977
    • Rent
    • Rent Per SQFT
    •  
    • $3,140
    • $1.39
    •  
  • 214 Calle Moreno San Dimas, CA 1
    • 3 beds 3 baths ∙ 1,930 Sqft ∙ Built 1995 3 beds 3 baths ∙ 1,930 Sqft ∙ Built 1995
    LEASED 01/09/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,700
    • $1.40
    •  
  • 1431 Calle Linda San Dimas, CA 3
    • 4 beds 3 baths ∙ 2,224 Sqft ∙ Built 1979 4 beds 3 baths ∙ 2,224 Sqft ∙ Built 1979
    LEASED 02/07/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,290
    • $1.48
    •  
  • 1315 Paseo Corrido San Dimas, CA 4
    • 4 beds 3 baths ∙ 2,264 Sqft ∙ Built 1976 4 beds 3 baths ∙ 2,264 Sqft ∙ Built 1976
    LEASED 12/26/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,300
    • $1.46
    •  
  • 919 Via Amadeo San Dimas, CA 5
    • 4 beds 3 baths ∙ 2,532 Sqft ∙ Built 1987 4 beds 3 baths ∙ 2,532 Sqft ∙ Built 1987
    LEASED 09/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,500
    • $1.38
    •  
PROPERTY LISTING DETAILS
Derek Oie
Kw Vision
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: CV21024669
Last Updated: 02/05/2021
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