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6215 Hellman Avenue 
Rancho Cucamonga, CA
91701
4 Beds 1 Baths 2,577 sqft
Built 1977
INVESTimate
$799,000
List Price
$217,485
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PROPERTY INFO
FACTS
- Built In 1977
- Price/Sqft : $310.05
- 2 Days on Market
- MLS # : CV20174255
- Updated Date : 08/25/2020 at 18:58
CONSTRUCTION
- Beds : 4
- Floor Size : 2,577 sqft
- Baths : 1 full
Listing Agent
Gushue Real Estate
Listing Agent's Description
Exquisite style and high quality finishes at this north Alta Loma gem. The ranch style provides inviting curb appeal and private space. Step through iron double doors with inlaid glass to find elegant formal living accommodations w/tiled flooring, crown molding & plantation shutters. The focal point of this property is found in the great room boasting vaulted ceilings w/recessed lighting & ceiling fans, porcelain wood-look tile, large fireplace with marble face & wood casing, and a designer chef's kitchen - custom Norm Tessier cabinets w/pull out shelving & soft-close feature, oil rubbed bronze hardware, granite slab tops, prep island, raised breakfast bar w/pendant lighting, commercial grade Dacor range with hood vent and pot filler, b/i fridge & stainless b/i microwave. The master suite has a beautiful w/i shower w/dual shower heads, his & her vanity, walk in closet and private hot tub access. There are 3 large guest bedrooms that share a hall bathroom w/updated vanity. A third bathroom has been upgraded with a glass vessel sink and and has a walk-in guest shower. Entertaining outside is just as enjoyable as inside - the peaceful setting features mature landscape, mountain views, built-in BBQ and relaxing spa. There is a vegetable garden featuring various tomato, squash and pepper plants. The property features central HVAC, 3 car garage (1 space has been converted into a workshop), dual pane windows, block walls, indoor laundry. Info deemed reliable, buyer verify.
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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: Alta Loma
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Alta Loma
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
PROJECTED ACCUMULATED WEALTH
30 YEAR PROJECTION
- Cash Flow
- Appreciation
- Principal
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $3,250 |
| EXPENSES | Loan Payment | -$2,948 |
| Property Tax | -$763 | |
| Property Insurance | -$90 | |
| Property Management Fees | -$192 | |
|
CASH FLOW
-$742
|
||
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.
$799,000
PROJECTED PRICE
$3,250
PROJECTED RENT
0.41%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.95% |
| Appreciation Year (1-5) | 5.53% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 5.35% |
| Length of Stay Years | 2 |
TOTAL CASH OUT OF POCKET
INVESTMENT
$217,485
LOAN DETAILS
$2,948
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $199,750 |
| Loan Amount | $599,250 |
1.5
YEARS SAVED
$7,772
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$3,250
LIST RENT -
$1.26
LIST RENT PER SQFT
-
$2,777
COMP ESTIMATED VALUE -
$1.08
COMP AVG. RENT PER SQFT
Comps Range
-
6215 Hellman Avenue Rancho Cucamonga, 5
- 4 beds 1 baths ∙ 2,577 Sqft ∙ Built 1977 4 beds 1 baths ∙ 2,577 Sqft ∙ Built 1977
- Rent
- Rent Per SQFT
- $3,250
- $1.26
-
6215 Kirkwood Avenue Alta Loma, 1
- 4 beds 3 baths ∙ 2,311 Sqft ∙ Built 1977 4 beds 3 baths ∙ 2,311 Sqft ∙ Built 1977
LEASED 08/29/19- Rent
- Rent Per SQFT
- $2,450
- $1.06
-
6439 Zircon Avenue Alta Loma, 2
- 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, 3
- 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, 4
- 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
PROPERTY LISTING DETAILS
Gushue Real Estate
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
MLS #: CV20174255
Last Updated: 08/25/2020
