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9759 Manzanita Drive Alta Loma, CA 91737

4 Beds 2 Baths 2,536 sqft Built 1980

$895,000

List Price

$2,950

$2.7K - $3.2K

Rent Est.

PROPERTY INFO

January 27, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1980
  • Price/Sqft : $352.92
  • 6 Days on Market
  • MLS # : TR21015914
  • Updated Date : 01/29/2021 at 12:00
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,536 sqft
  • Baths : 2 full
Listing Agent

Re/max Universal Realty

Listing Agent's Description

North Alta Loma at its best! A beautiful updated/remodeled mostly single story home with an upstairs loft on a cul-del-sac. So many upgrades, all redone to perfection from the slab to the roof and all in-between. 4 bedrooms, updated bathrooms, completely redone kitchen with granite, fireplace, laminate flooring, windows, walls, plumbing, electrical, pool and spa, storage galore, RV parking 3 car garage. Fruit trees: orange, lemon, tangerine, pomegranate, avocado. So much more it's an absolute must see to appreciate.

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • Southern California area contributes to 55.3% of California state economy i.e. Gross State Product (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
Vineyard Junior High School Middle Regular 752 27 9
Los Osos High School High Regular 3,211 114 9
Los Osos High School High Unknown NA

Vineyard Junior High School

  • Education Level: Middle
  • # of students: 752
  • # of teachers: 27
9
GreatSchools Rating

Los Osos High School

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

Los Osos High School

  • Education Level: High
  • # of students:
  • # of teachers:
NA
GreatSchools Rating
 

$805,500$984,500$895,000

PURCHASE PRICE

$2,655$3,245$2,950

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,950
EXPENSES Loan Payment -$3,109
Property Tax -$840
Property Insurance -$89
Property Management Fees -$174
CASH FLOW
-$1,262

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.

$895,000

PROJECTED PRICE

$2,950

PROJECTED RENT

0.33%

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

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$242,925

INVESTMENT

$242,925

Down Payment
$223,750
Rehab Estimate
$5,750
Closing Costs
$13,425

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$3,109

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $223,750
Loan Amount $671,250
See What Happens When You Reinvest Cash Flow

0.17

YEARS SAVED

$120

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,950

    LIST RENT
  • $1.16

    LIST RENT PER SQFT
  • $2,999

    COMP ESTIMATED VALUE
  • $1.18

    COMP AVG. RENT PER SQFT
Comps Range
$2,800
1$2,8002$2,8503$2,9004$2,9505$3,000
$3,000
RENT COMPS ANALYSIS
  • 9759 Manzanita Drive Alta Loma, CA 4
    • 4 beds 2 baths ∙ 2,536 Sqft ∙ Built 1980 4 beds 2 baths ∙ 2,536 Sqft ∙ Built 1980
    • Rent
    • Rent Per SQFT
    •  
    • $2,950
    • $1.16
    •  
  • 10122 Saddlehill Terrace Alta Loma, CA 1
    • 4 beds 4 baths ∙ 2,419 Sqft ∙ Built 1988 4 beds 4 baths ∙ 2,419 Sqft ∙ Built 1988
    LEASED 09/30/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,800
    • $1.16
    •  
  • 6039 San Rafael Court Rancho Cucamonga, CA 2
    • 5 beds 3 baths ∙ 2,470 Sqft ∙ Built 1995 5 beds 3 baths ∙ 2,470 Sqft ∙ Built 1995
    LEASED 02/23/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,850
    • $1.15
    •  
  • 10302 Northridge Drive Rancho Cucamonga, CA 3
    • 4 beds 4 baths ∙ 2,419 Sqft ∙ Built 1989 4 beds 4 baths ∙ 2,419 Sqft ∙ Built 1989
    LEASED 01/13/21
    • Rent
    • Rent Per SQFT
    •  
    • $2,900
    • $1.20
    •  
  • 9756 Via Esperanza Rancho Cucamonga, CA 5
    • 5 beds 3 baths ∙ 2,449 Sqft ∙ Built 1999 5 beds 3 baths ∙ 2,449 Sqft ∙ Built 1999
    LEASED 07/06/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,000
    • $1.22
    •  
PROPERTY LISTING DETAILS
Linda Louise Worhach
Re/max Universal Realty
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: TR21015914
Last Updated: 01/29/2021
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