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

955 N Dudley Street Pomona, CA 91768

3 Beds 3 Baths 1,538 sqft Built 1937

$559,000

List Price

$2,550

$2.3K - $2.8K

Rent Est.

PROPERTY INFO

December 19, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1937
  • Price/Sqft : $363.46
  • 3 Days on Market
  • MLS # : CV20259868
  • Updated Date : 12/18/2020 at 20:54
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,538 sqft
  • Baths : 2 full , 1 half
Listing Agent

Realty Masters & Associates

Listing Agent's Description

This amazing three bedroom, two and one-half bath has it all! Walk into an open floor plan perfect for entertaining. The recently remodeled home features a spacious living room that opens to a chef’s dream kitchen with shaker paneled white cabinets and quartz counter-tops along with a large island, making it ideal for any chef or baker! The Master bedroom offers a fireplace as well as a large closet with mirrored doors. The private master bath includes an updated tiled walk-in shower, soaking tub, and dual sink vanity with quartz counter-tops. The bathrooms are all updated with quartz counter-tops, plumbing fixtures, and ceramic tile flooring. Each bedroom boasts large closets and ceiling fans. Engineered hardwood flooring throughout the entire home, brand new double-paned windows, fully dry-walled 2 car garage with a brand new garage door, white privacy security fence, security cameras, solar panels, gorgeous mature oak trees, and patio area makes this home complete! Close to the 10, 57, and 71 freeways making for an easy commute!

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • 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)

PRICE & RENT TRENDS

Neighborhood: Pomona

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450k500k550k600kPrice in $138k622k

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

Neighborhood: Pomona

NeighborhoodNIR Market*CityMarket2010Year2000 Q42019 Q214001600180020002200240026002800Rent in $12562941

* 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
Arroyo Elementary School Primary Regular 615 24 2
Marshall Middle School Middle Regular 504 21 5
Ganesha High School High Regular 1,131 51 4

Arroyo Elementary School

  • Education Level: Primary
  • # of students: 615
  • # of teachers: 24
2
GreatSchools Rating

Marshall Middle School

  • Education Level: Middle
  • # of students: 504
  • # of teachers: 21
5
GreatSchools Rating

Ganesha High School

  • Education Level: High
  • # of students: 1,131
  • # of teachers: 51
4
GreatSchools Rating
 

$503,100$614,900$559,000

PURCHASE PRICE

$2,295$2,805$2,550

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,550
EXPENSES Loan Payment -$2,062
Property Tax -$617
Property Insurance -$64
Property Management Fees -$125
CASH FLOW
-$318

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 12% of earned rent to cover both maintenance and periods of vacancy.

$559,000

PROJECTED PRICE

$2,550

PROJECTED RENT

0.46%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.35%
Appreciation Year (1-5) 7.8%
Maintenance Year (1-5) 8.00%
Vacancy 4.14%
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$1.8M

PROJECTED ANNUAL CASH FLOW

11530-$5.0k$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$1.6M$1.8M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$153,885

INVESTMENT

$153,885

Down Payment
$139,750
Rehab Estimate
$5,750
Closing Costs
$8,385

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 55% down payment or higher enables the proceeds from the asset to cover all costs.

$2,062

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $139,750
Loan Amount $419,250
See What Happens When You Reinvest Cash Flow

3.58

YEARS SAVED

$20,653

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,550

    LIST RENT
  • $1.66

    LIST RENT PER SQFT
  • $2,553

    COMP ESTIMATED VALUE
  • $1.66

    COMP AVG. RENT PER SQFT
Comps Range
$2,090
1$2,0902$2,3003$2,3504$2,3505$2,550
$2,550
RENT COMPS ANALYSIS
  • 955 N Dudley Street Pomona, CA 5
    • 3 beds 3 baths ∙ 1,538 Sqft ∙ Built 1937 3 beds 3 baths ∙ 1,538 Sqft ∙ Built 1937
    • Rent
    • Rent Per SQFT
    •  
    • $2,550
    • $1.66
    •  
  • 2160 Avalon Avenue Pomona, CA 1
    • 4 beds 2 baths ∙ 1,200 Sqft ∙ Built 1955 4 beds 2 baths ∙ 1,200 Sqft ∙ Built 1955
    LEASED 01/27/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,090
    • $1.74
    •  
  • 559 Chester Place Pomona, CA 2
    • 3 beds 2 baths ∙ 1,444 Sqft ∙ Built 1940 3 beds 2 baths ∙ 1,444 Sqft ∙ Built 1940
    LEASED 07/21/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,300
    • $1.59
    •  
  • 1644 Meserve Street Pomona, CA 3
    • 3 beds 2 baths ∙ 1,534 Sqft ∙ Built 1947 3 beds 2 baths ∙ 1,534 Sqft ∙ Built 1947
    LEASED 11/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,350
    • $1.53
    •  
  • 1204 Hillside Drive Pomona, CA 4
    • 3 beds 2 baths ∙ 1,318 Sqft ∙ Built 1956 3 beds 2 baths ∙ 1,318 Sqft ∙ Built 1956
    LEASED 01/13/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,350
    • $1.78
    •  
PROPERTY LISTING DETAILS
Barbara Bruce
Realty Masters & Associates
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: CV20259868
Last Updated: 12/18/2020
BESbswy