Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more

13341 Eton Place North Tustin, CA 92705

4 Beds 3 Baths 2,998 sqft Built 1959

$1,200,000

List Price

$3,950

$3.7K - $4.2K

Rent Est.

PROPERTY INFO

January 24, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1959
  • Price/Sqft : $400.27
  • 2 Days on Market
  • MLS # : OC21015225
  • Updated Date : 01/23/2021 at 19:18
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,998 sqft
  • Baths : 2 full , 1 half
Listing Agent

Laguna Premier Realty Inc.

Listing Agent's Description

Beautifully Updated 4 bedroom Single level custom home in serene location with gorgeous rolling lush green lawns & mature trees. This Stunning residence showcases a meticulously organized use of space to create an Impression of simplicity. Covered front entrance welcomes you home. Freshly painted, smooth ceilings, new wood flooring creates a warm & inviting living & dining room. Architecturally designed with skylights which allows natural light to stream in your spacious family room. The great rooms flows effortlessly into the kitchen & nook has area which features an abundance of storage with rich oak cabinets and is illuminated by recessed lighting. Beautifully designed with lovely elements in neutral materials showcase this home complete with plantation shutters and dual pane windows & frenchstyle doors. Presenting a preferred location near schools , shopping. Enjoy the incredible views from every window out to your glorious front & back yards with custom built pergola. Enjoy the wonderful Southern California lifestyle by having family barbecues and entertaining your friends in your beautiful backyard with fire pit. Upgrades include solar panels , newer roof, large office space & workshop. Convenient to 55, 5 & 22 freeways. Easy access to John Wayne airport & beautiful Orange County beaches, Premier shopping, world class restaurants, theaters & museums.

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • 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)

PRICE & RENT TRENDS

Neighborhood: East Tustin

NeighborhoodNIR Market*CityMarket2010Year20002019250k300k350k400k450k500k550k600k650k700k750k800k850k900kPrice in $205k922k

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

Neighborhood: East Tustin

NeighborhoodNIR Market*CityMarket2010Year2000 Q22019 Q218002000220024002600280030003200340036003800Rent in $16013818

* 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
Loma Vista Elementary School Primary Regular 540 19 5
Hewes Middle School Middle Regular 958 32 8
Foothill High School High Regular 2,526 94 9

Loma Vista Elementary School

  • Education Level: Primary
  • # of students: 540
  • # of teachers: 19
5
GreatSchools Rating

Hewes Middle School

  • Education Level: Middle
  • # of students: 958
  • # of teachers: 32
8
GreatSchools Rating

Foothill High School

  • Education Level: High
  • # of students: 2,526
  • # of teachers: 94
9
GreatSchools Rating
 

$1,080,000$1,320,000$1,200,000

PURCHASE PRICE

$3,555$4,345$3,950

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,950
EXPENSES Loan Payment -$4,168
Property Tax -$1,117
Property Insurance -$99
Property Management Fees -$194
CASH FLOW
-$1,628

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.

$1,200,000

PROJECTED PRICE

$3,950

PROJECTED RENT

0.33%

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-$30k-$25k-$20k-$15k-$10k-$5.0k$0.0$5.0k$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$323,750

INVESTMENT

$323,750

Down Payment
$300,000
Rehab Estimate
$5,750
Closing Costs
$18,000

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$4,168

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $300,000
Loan Amount $900,000
See What Happens When You Reinvest Cash Flow

0.25

YEARS SAVED

$250

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,950

    LIST RENT
  • $1.32

    LIST RENT PER SQFT
  • $4,040

    COMP ESTIMATED VALUE
  • $1.35

    COMP AVG. RENT PER SQFT
Comps Range
$3,850
1$3,8502$3,9503$3,9504$3,9955$4,250
$4,250
RENT COMPS ANALYSIS
  • 13341 Eton Place North Tustin, CA 3
    • 4 beds 3 baths ∙ 2,998 Sqft ∙ Built 1959 4 beds 3 baths ∙ 2,998 Sqft ∙ Built 1959
    • Rent
    • Rent Per SQFT
    •  
    • $3,950
    • $1.32
    •  
  • 19122 Ervin Lane Santa Ana, CA 1
    • 4 beds 3 baths ∙ 3,033 Sqft ∙ Built 1966 4 beds 3 baths ∙ 3,033 Sqft ∙ Built 1966
    LEASED 07/25/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,850
    • $1.27
    •  
  • 19402 Lemon Hill Drive Santa Ana, CA 2
    • 4 beds 3 baths ∙ 2,946 Sqft ∙ Built 1978 4 beds 3 baths ∙ 2,946 Sqft ∙ Built 1978
    LEASED 11/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,950
    • $1.34
    •  
  • 13591 Woodglen Drive Santa Ana, CA 4
    • 4 beds 3 baths ∙ 2,749 Sqft ∙ Built 1967 4 beds 3 baths ∙ 2,749 Sqft ∙ Built 1967
    LEASED 09/05/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,995
    • $1.45
    •  
  • 18092 Allegheny Drive Santa Ana, CA 5
    • 4 beds 3 baths ∙ 3,191 Sqft ∙ Built 1959 4 beds 3 baths ∙ 3,191 Sqft ∙ Built 1959
    LEASED 04/06/20
    • Rent
    • Rent Per SQFT
    •  
    • $4,250
    • $1.33
    •  
PROPERTY LISTING DETAILS
Lisa Post-letourneau
Laguna Premier Realty Inc.
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: OC21015225
Last Updated: 01/23/2021
BESbswy