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9803 Coalinga Avenue Montclair, CA 91763

3 Beds 2 Baths 1,329 sqft Built 1954

INVESTimate

$524,000

List Price

$2,110

$1,899 - $2,321

Rent Est.

$561,728  ( +7.20%)   1 YR EST. FORECAST

PROPERTY INFO

FACTS
  • Built In 1954
  • Price/Sqft : $394.28
  • 10 Days on Market
  • MLS # : MB20168158
  • Updated Date : 08/21/2020 at 14:52
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,329 sqft
  • Baths : 2 full
Listing Agent

United Real Estate Los Angeles

Listing Agent's Description

Highly Desirable location in the City of Montclair, offering a Single-Story home with 3 bedrooms 2 full baths, a pool and a 2 car detached garage! This home features an updated spacious kitchen with new cabinets, counter-tops, flooring, light fixtures and newly installed central air! Off the kitchen you will find a separate laundry area. In addition, this home feature a convenient layout by providing two access point to your own private pool. In the Main Suite you will find newly installed French doors leading to your own private pool! This home makes it perfect for cozy evening nights by the fireplace and enjoying those summer days with plenty of space to entertain by the pool. With ample parking for an RV, your guest will have no problem parking here. Minutes to Colleges, Restaurants, Shopping Mall, Grocery Stores, Public Transportation and Hospitals, Conveniently located off the I-10 & Monte Vista Exit

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)
  • 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.

PRICE & RENT TRENDS

Neighborhood: Montclair

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450kPrice in $116k497k

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

Neighborhood: Montclair

NeighborhoodNIR Market*CityMarket2010Year2000 Q22019 Q21000110012001300140015001600170018001900200021002200Rent in $9112210

* 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
Monte Vista Elementary School Primary Regular 671 26 6
Serrano Middle School Middle Regular 769 39 7
Montclair High School High Regular 3,034 117 6

Monte Vista Elementary School

  • Education Level: Primary
  • # of students: 671
  • # of teachers: 26
6
GreatSchools Rating

Serrano Middle School

  • Education Level: Middle
  • # of students: 769
  • # of teachers: 39
7
GreatSchools Rating

Montclair High School

  • Education Level: High
  • # of students: 3,034
  • # of teachers: 117
6
GreatSchools Rating
 

$471,600$576,400$524,000

PURCHASE PRICE

$1,899$2,321$2,110

RENT

DOWN PAYMENT
FINANCING

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

PROJECTED ANNUAL CASH FLOW

11530-$10k-$5.0k$0.0$5.0k$10k

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

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,110
EXPENSES Loan Payment -$1,933
Property Tax -$481
Property Insurance -$59
Property Management Fees -$124
CASH FLOW
-$489

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.

$524,000

PROJECTED PRICE

$2,110

PROJECTED RENT

0.40%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.76%
Appreciation Year (1-5) 7.20%
Maintenance Year (1-5) 8.00%
Vacancy 5.41%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$144,610

INVESTMENT

$144,610

Down Payment
$131,000
Rehab Estimate
$5,750
Closing Costs
$7,860

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,933

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $131,000
Loan Amount $393,000
See What Happens When You Reinvest Cash Flow

1.42

YEARS SAVED

$4,363

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,110

    LIST RENT
  • $1.59

    LIST RENT PER SQFT
  • $2,190

    COMP ESTIMATED VALUE
  • $1.65

    COMP AVG. RENT PER SQFT
Comps Range
$2,110
1$2,1102$2,2003$2,2504$2,4005$2,400
$2,400
RENT COMPS ANALYSIS
  • 9803 Coalinga Avenue Montclair, 1
    • 3 beds 2 baths ∙ 1,329 Sqft ∙ Built 1954 3 beds 2 baths ∙ 1,329 Sqft ∙ Built 1954
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,110
    • $1.59
    •  
  • 5406 Cambridge Street Montclair, 2
    • 3 beds 2 baths ∙ 1,302 Sqft ∙ Built 1956 3 beds 2 baths ∙ 1,302 Sqft ∙ Built 1956
    property image
    LEASED 05/13/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,200
    • $1.69
    •  
  • 9558 Marion Montclair, 3
    • 3 beds 2 baths ∙ 1,322 Sqft ∙ Built 1957 3 beds 2 baths ∙ 1,322 Sqft ∙ Built 1957
    property image
    LEASED 02/23/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,250
    • $1.70
    •  
  • 4971 Granada Street Montclair, 4
    • 3 beds 2 baths ∙ 1,472 Sqft ∙ Built 1961 3 beds 2 baths ∙ 1,472 Sqft ∙ Built 1961
    property image
    LEASED 11/21/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,400
    • $1.63
    •  
  • 10026 Marion Avenue Montclair, 5
    • 4 beds 2 baths ∙ 1,527 Sqft ∙ Built 1961 4 beds 2 baths ∙ 1,527 Sqft ∙ Built 1961
    property image
    LEASED 06/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,400
    • $1.57
    •  
PROPERTY LISTING DETAILS
Rick Barraza
United Real Estate Los Angeles
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: MB20168158
Last Updated: 08/21/2020
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