Chino Hills Real Estate: Chino Hills Two Units Residential Income Property $305,000

Wednesday, March 03, 2010

Chino Hills Two Units Residential Income Property $305,000

Bed: 4
Bath(F,T,H,Q): 3,0,0,0
Sqft: 1,710/S
$/Sqft: $178
Lot SF: 8,800

Description: This lovely home is located in Chino Hills with a main house with 3 bedrooms/ 2 bathrooms/ and 1400 square feet of living area. Recently remodeled kitchen and bathrooms. Living room with a brick fireplace and kitchen with dining area. Master suite with a walk in closet with built in closet organizer. Two car detached garage with workshop area and laundry hook ups. Above garage is a one bedroom / one bathroom plus a living room/kitchen apartment. Bathroom in apartment has been recently updated with stone accents on wall and tile flooring. Situated on a large 8800 square foot lot. 6 year new composition roof. Shows great and it is a Standard Sale!

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Chino Hills

Chino Hills is well known for its high quality of life and beautiful rural atmosphere. The community, with its growing population of 77,969, boasts 3,000 acres of publicly-owned open space, 37 parks, 38 miles of trails, and five community buildings.

Chino Hills’ reputation is known in the national arena as well, as it was featured on the list of 87 of America’s hottest towns in the January 2004 issue of Money magazine. Chino Hills was ranked 8th on the list of “best places in the west with a population under 100,000.” The magazine reviewed a decade of data for communities with above average population growth, income, and home prices “to see where people were most willing to devote a high multiple of their annual income to live happily ever after.”

Ranked 21st Safest Place to Live in the United States

Not only is Chino Hills a place people want to live, it’s a City that is safe to live in. Based on June 2006 FBI statistics ranked Chino Hills as the 21st Safest City in the United States.

Recreation in Chino Hills

Recreation is a priority in Chino Hills and Big League Dreams Chino Hills Sports Park is definitely a recreation destination! This 33-acre multi-use sports facility attracts tournaments, visitors, and new commercial ventures to Chino Hills.

Chino Hills is also home to the McCoy Equestrian & Recreation Center. This beautiful 20-acre facility includes two lighted arenas, covered bleachers, a gazebo, a community building, and trail connections.

Attractive to Commercial Developers

Chino Hills’ strong demographics and its location at the convergence of Orange, Riverside, Los Angeles, and San Bernardino Counties make it attractive to commercial developers. The City’s high median household income of $86,443 (in 2002) is second only to the exclusive community of Indian Wells in the Inland Empire. Prominent retailers, like Trader Joe's, are choosing to locate in Chino Hills. Many high-end national retailers are coming to Chino Hills when the Shoppes at Chino Hills opens in 2008.

High Residential Education Level

Chino Hills is also home to a professional workforce. Nearly 40% of Chino Hills’ adult residents have a bachelor’s degree or higher and the community ranks among the top 15 Southern California cities in its share of residents employed as executives, professionals, or technology specialists.

“One of Southern California’s Best Kept Secrets”

Dr. John Husing, an expert on the economics of the Inland Empire, has taken a magnifying glass to the community and considers Chino Hills to be “one of Southern California’s best kept secrets.”

Financial
	City stats	Best places avg.
Median family income (per year)	$97,224	$90,316
Family purchasing power (annual, cost-of-living adjusted)	$79,757	$82,867
Sales tax	7.80%	6.74%
State income tax rate (highest bracket)	9.30%^I	6.38%
State income tax rate (lowest bracket)	1.00%^I	2.74%
Auto insurance premiums (Average for the state)	$2,076	$2,121
Job growth % (2000-2006)	31.39%	13.41%
Housing
	City stats	Best places average
Median home price	$647,674	$359,352
Average property taxes (2006)	$3,954	$3,585


Education
	City stats	Best places average
Colleges, universities and professional schools (within 30 miles)	48	29
Junior colleges and technical institutes (within 30 miles)	49	18
Test scores reading (% above/below state average)	55.4%	20.1%
Test scores math (% above/below average)	47.0%	24.8%
% students attending public/private schools (located within town limits)	99.3/0.7	91.1/8.9
Quality of life
	City stats	Best places average
Air quality index* (% of days AQI ranked as good)	42.7%	77.3%
Personal crime incidents (per 1,000)	1	13
Property crime incidents (per 1,000)	13	206
Median commute time (in minutes)	34.6	23.1
% population with commute 45 mins. or longer	40.3%	15.6%
% population walk or bike to work	1.0%	2.7%
Leisure and culture
	City stats	Best places average
Movie theaters (within 15 miles)	60	30
Restaurants (within 15 miles)	6,755	2,899
Bars (within 15 miles)	306	287
Public golf courses (within 30 miles)	211	125
Libraries (within 15 miles)	88	71
Museums (accredited by AAM; within 30 miles)	16	11
Ski resorts (within 100 miles)	7	17
Arts funding (Dollars per person of state funds spent on arts)	0	1
Weather
	City stats	Best places average
Annual rainfall (inches)	16.96	40.18
% clear days in the area	44	28
High temp in July ° F	88.7°	86.1°
Low temp in Jan ° F	41.5°	24.0°
Health*
	City stats	Best places average
Has health plan (% of residents)	81.0%	90.5%
Body mass index (avg. for residents)	28	27
Diabetes rates (% of residents diagnosed)	14.4%	9.3%
Hypertension rates (% of residents diagnosed)	28.5%	30.6%
Elder-care facilities^**	220	107
Meet the neighbors
	City stats	Best places average
Median age	31.2	36.8
Completed at least some college (% of residents)	71.2%	72.4%
Married	64.6%	60.8%
Divorced	6.2%	8.0%
Racial diversity index (100 is national average; higher numbers indicate greater diversity)	231.2	59.2
Amount spent on vacations (domestic and foreign, household avg. per year)	$8,624	$8,250

*County data
**Elder-care services refer to skilled nursing and assisted living facilities. Data from Total Living Choices.
(C) Cities with populations greater than 50,000 were not eligible for this year's Best Places to Live list.

(I) Income tax notes:
17 states have statutory provision for automatic adjustment of tax brackets, personal exemption or standard deductions to the rate of inflation. Massachusetts, Michigan, Nebraska and Ohio indexes the personal exemption amounts only.
For joint returns, the taxes are twice the tax imposed on half the income.
Tax credits.
An additional 1% tax is imposed on taxable income over $1 million.

Chino Hills Real Estate

Wednesday, March 03, 2010

Chino Hills Two Units Residential Income Property $305,000

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Chino Hills

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