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8793 Brilliant Lane Alta Loma, CA 91701

4 Beds 1 Baths 2,667 sqft Built 1976

$825,000

List Price

$2,910

$2.7K - $3.2K

Rent Est.

PROPERTY INFO

December 11, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1976
  • Price/Sqft : $309.34
  • 3 Days on Market
  • MLS # : CV20255742
  • Updated Date : 12/11/2020 at 15:18
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,667 sqft
  • Baths : 1 full
Listing Agent

Gushue Real Estate

Listing Agent's Description

WELL-DESIGNED TRI-LEVEL, WHERE EVERY ROOM IS SPACIOUS & BRIGHT.DBL DOORS PROVIDE A WARM WELCOME INTO THE STEP-DOWN LIVING ROOM WITH SPECTACULAR MOUNTAIN VIEWS & RAISED FORMAL DINING ROOM-BOTH W/SOARING CEILINGS.ROOMY KITCHEN HAS UPDATED 5 BURNER GAS COOKTOP, EATING BAR & LARGE BREAKFAST AREA,OVERLOOKING FAM/RM W/OAK PANELING, RECESSED LIGHTING & WALK-BEHIND OAK WET BAR. 1 B/R DOWN IS IDEAL FOR GUESTS/OFFICE.BATH DOWN HAS GRANITE VANITY,NEWLY TILED SHOWER W/GRANITE INLAY & DOOR TO SIDE YARD.GIGANTIC MASTER SUITE IS ACCESSED THROUGH DBL DRS & HAS CEILING FAN,FIREPLACE,UPDATED RECESSED LIGHTING,BALCONY W/CITY LIGHTS VIEWS & UPDATED DRESSING RM & BATH BOASTING GRANITE COUNTER TOPS, NEW FIXTURES, DUAL SINKS & ENLARGED SHOWER W/NEW TILE,GRANITE & GLASS DOORS. ALL B/RS UP HAVE CATHEDRAL CEILINGS & ARE UNUSUALLY LARGE. BACK YARD HAS 2 DBL WROUGHT IRON GATES TO RV AREA, SEPARATELY FENCED POOL & SPA, SEPARATELY FENCED DOG RUN, COVERED PATIO, PLUS TREE-SCREENED LOWER LEVEL W/CITRUS TREES & PLENTY OF OPEN SPACE FOR GARDENS, HORSES & BARNS W/GATE TO THE BRIDLE TRAIL. GREAT FAMILY @ EXCELLENT PRICE! AWARD WINNING SCHOOL DISTRICTS. SQ FT NOT MEASURED.BUYER TO VERIFY

SEE MORE

MARKET HIGHLIGHTS

  • 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.
  • 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)

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
Los Osos High School High Regular 3,211 114 9

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

Los Osos High School

  • Education Level: High
  • # of students: 3,211
  • # of teachers: 114
9
GreatSchools Rating
 

$742,500$907,500$825,000

PURCHASE PRICE

$2,619$3,201$2,910

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,910
EXPENSES Loan Payment -$3,044
Property Tax -$768
Property Insurance -$92
Property Management Fees -$172
CASH FLOW
-$1,165

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.

$825,000

PROJECTED PRICE

$2,910

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

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$224,375

INVESTMENT

$224,375

Down Payment
$206,250
Rehab Estimate
$5,750
Closing Costs
$12,375

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 70% down payment or higher enables the proceeds from the asset to cover all costs.

$3,044

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $206,250
Loan Amount $618,750
See What Happens When You Reinvest Cash Flow

0.25

YEARS SAVED

$281

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,910

    LIST RENT
  • $1.09

    LIST RENT PER SQFT
  • $2,960

    COMP ESTIMATED VALUE
  • $1.11

    COMP AVG. RENT PER SQFT
Comps Range
$2,700
1$2,7002$2,8003$2,8004$2,9105$3,200
$3,200
RENT COMPS ANALYSIS
  • 8793 Brilliant Lane Alta Loma, CA 4
    • 4 beds 1 baths ∙ 2,667 Sqft ∙ Built 1976 4 beds 1 baths ∙ 2,667 Sqft ∙ Built 1976
    • Rent
    • Rent Per SQFT
    •  
    • $2,910
    • $1.09
    •  
  • 6439 Zircon Avenue Alta Loma, CA 1
    • 5 beds 2 baths ∙ 2,564 Sqft ∙ Built 1970 5 beds 2 baths ∙ 2,564 Sqft ∙ Built 1970
    LEASED 11/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,700
    • $1.05
    •  
  • 6440 Opal Street Rancho Cucamonga, CA 2
    • 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
    •  
  • 6285 Sacramento Avenue Rancho Cucamonga, CA 3
    • 4 beds 3 baths ∙ 2,743 Sqft ∙ Built 1977 4 beds 3 baths ∙ 2,743 Sqft ∙ Built 1977
    LEASED 08/18/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,800
    • $1.02
    •  
  • 8156 Hillside Road Alta Loma, CA 5
    • 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
    •  
PROPERTY LISTING DETAILS
David Gushue
Gushue Real Estate
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: CV20255742
Last Updated: 12/11/2020
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