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1086 San Pablo Circle Costa Mesa, CA 92626

4 Beds 3 Baths 2,730 sqft Built 1969

$1,169,000

List Price

$4,110

$3.9K - $4.4K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 06, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1969
  • Price/Sqft : $428.21
  • 2 Days on Market
  • MLS # : OC21047214
  • Updated Date : 03/06/2021 at 13:01
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,730 sqft
  • Baths : 3 full
Listing Agent

Park Place Real Estate Compan

Listing Agent's Description

Amazing Solar Pool Home in the heart of South Coast Metro Area with HUGE Lot, No HOA & No Electric Bill. This 2,482 SF floorplan with additional 248 SF covered patio/sunroom sits on one of the largest lots in this development. Cul-de-sac location. The house is completely renovated and has 4 bedrooms, 3 full baths, family room with a pool table, living room with fireplace, dining room, a 2 ½ car garage. Features include Large master bedroom with walk in closet and Large balcony. Dual pane tinted windows and balcony door. Large living room with Gas fireplace. Completely renovated kitchen with new stainless-steel appliances and soft-close cabinet doors. Brand new water heater, new AC furnace and cooling fan unit. Alarm system with recorded cameras, Ring doorbell. The large Sunroom has bi-fold 10’ door that open an entire wall to the exterior. Includes a deluxe “Divine” hot tub with dual massage for full body hydrotherapy, 110 fully adjustable jets and so much more. The heated 2019 semi-inground 30’x15’ oval pool has state-of-the-art salt chlorinator for a virtually maintenance free and silky healthy water. Brand new artificial turf for easy maintenance. Brand new 2020 -100% paid for solar system, the most efficient system on the market, each panel has his own microinverter. The system covers 100% of the power needs. Oversized 2 car garage with tons of storage, a workbench, convenient power outlets all around the garage. This home is a must-see! Call today for a private showing.

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)
  • 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, Orange County market inherits all the benefits from the area.
  • 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]
  • 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)

PRICE & RENT TRENDS

Neighborhood: North Costa Mesa District

NeighborhoodNIR Market*CityMarket2010Year20002019300k350k400k450k500k550k600k650k700k750k800k850k900kPrice in $272k922k

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

Neighborhood: North Costa Mesa District

NeighborhoodNIR Market*CityMarket2010Year2000 Q22019 Q22000220024002600280030003200340036003800Rent in $19813902

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

SCHOOLS

 
Sorry, we do not have sufficient school data for this neighborhood.
 

$1,052,100$1,285,900$1,169,000

PURCHASE PRICE

$3,699$4,521$4,110

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $4,110
EXPENSES Loan Payment -$4,060
Property Tax -$1,161
Property Insurance -$93
Property Management Fees -$201
CASH FLOW
-$1,406

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 14% of earned rent to cover both maintenance and periods of vacancy.

$1,169,000

PROJECTED PRICE

$4,110

PROJECTED RENT

0.35%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.08%
Appreciation Year (1-5) 4.3%
Maintenance Year (1-5) 8.00%
Vacancy 5.81%
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$3.0M

PROJECTED ANNUAL CASH FLOW

11530-$20k-$10k$0.0$10k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$500k$1.0M$1.5M$2.0M$2.5M$3.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$315,535

INVESTMENT

$315,535

Down Payment
$292,250
Rehab Estimate
$5,750
Closing Costs
$17,535

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 65% down payment or higher enables the proceeds from the asset to cover all costs.

$4,060

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $292,250
Loan Amount $876,750
See What Happens When You Reinvest Cash Flow

0.42

YEARS SAVED

$1,109

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $4,110

    LIST RENT
  • $1.51

    LIST RENT PER SQFT
  • $4,170

    COMP ESTIMATED VALUE
  • $1.53

    COMP AVG. RENT PER SQFT
Comps Range
$3,900
1$3,9002$4,1103$4,1504$4,2005$4,200
$4,200
RENT COMPS ANALYSIS
  • 1086 San Pablo Circle Costa Mesa, CA 2
    • 4 beds 3 baths ∙ 2,730 Sqft ∙ Built 1969 4 beds 3 baths ∙ 2,730 Sqft ∙ Built 1969
    • Rent
    • Rent Per SQFT
    •  
    • $4,110
    • $1.51
    •  
  • 870 Prospect Place Costa Mesa, CA 1
    • 4 beds 3 baths ∙ 2,641 Sqft ∙ Built 1979 4 beds 3 baths ∙ 2,641 Sqft ∙ Built 1979
    LEASED 09/13/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,900
    • $1.48
    •  
  • 1173 Kingston Street Costa Mesa, CA 3
    • 4 beds 3 baths ∙ 2,594 Sqft ∙ Built 1980 4 beds 3 baths ∙ 2,594 Sqft ∙ Built 1980
    LEASED 01/29/21
    • Rent
    • Rent Per SQFT
    •  
    • $4,150
    • $1.60
    •  
  • 1025 Begonia Avenue Costa Mesa, CA 4
    • 4 beds 3 baths ∙ 2,696 Sqft ∙ Built 1984 4 beds 3 baths ∙ 2,696 Sqft ∙ Built 1984
    LEASED 04/03/20
    • Rent
    • Rent Per SQFT
    •  
    • $4,200
    • $1.56
    •  
  • 3120 Mckinley Way Costa Mesa, CA 5
    • 4 beds 3 baths ∙ 2,849 Sqft ∙ Built 1963 4 beds 3 baths ∙ 2,849 Sqft ∙ Built 1963
    LEASED 09/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $4,200
    • $1.47
    •  
PROPERTY LISTING DETAILS
Harold Crook
Park Place Real Estate Compan
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: OC21047214
Last Updated: 03/06/2021
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