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

14574 Holt Avenue #A Tustin, CA 92780

3 Beds 3 Baths 1,462 sqft Built 1987

$650,000

List Price

$2,870

$2.6K - $3.1K

Rent Est.

PROPERTY INFO

December 03, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1987
  • Price/Sqft : $444.60
  • 5 Days on Market
  • MLS # : OC20250577
  • Updated Date : 12/02/2020 at 22:08
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,462 sqft
  • Baths : 2 full , 1 half
Listing Agent

Lloyd Realty Group

Listing Agent's Description

On the market for the first time in 30 years! This beautifully cared for 3 bedroom, 2.5 bath townhome -with no shared walls - is available now in the desirable Holt Townhome community of Tustin. With soaring ceilings, bright and light, this home has been updated and meticulously taken care of by one owner. No expense was spared during remodeling - dual pane windows, recessed lighting, a modern kitchen with custom solid wood cabinetry, soft close drawers, a built-in pantry and wine shelf, custom desk, high-end granite counter tops and a peninsula with barstool seating. Thoughtful touches such as under-cabinet lighting, shelves that pull-out, newer appliances, custom tile backsplash, and more. This home features an attached 2-car garage with tons of shelving and storage, and a private, fully fenced back patio with lush tropical plants, herbs and flowers - an oasis in your own home. Upstairs there are 3 bedrooms, with one being used as a "Zoom Room" with a custom built-in natural wood desk, well-appointed for an office space. The master suite offers tons of space, high ceilings, a walk-in closet, dual sinks, a private patio to enjoy the morning sun on, and more. A secret find upstairs is the pull-down ladder to the attic space that runs the length of the upstairs. With plenty of room to store all your treasures, space will never be an issue! This home is centrally located in Tustin near shopping, restaurants, great schools, easy freeway access and more.

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • 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)

PRICE & RENT TRENDS

Neighborhood: East Tustin

NeighborhoodNIR Market*CityMarket2010Year20002019300k350k400k450k500k550k600k650k700k750k800k850k900kPrice in $272k922k

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

Neighborhood: East Tustin

NeighborhoodNIR Market*CityMarket2010Year2000 Q22019 Q22000220024002600280030003200340036003800Rent in $19813818

* 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
Guin Foss Elementary School Primary Regular 452 16 8
Columbus Tustin Middle School Middle Magnet 938 34 5
Foothill High School High Regular 2,526 94 9

Guin Foss Elementary School

  • Education Level: Primary
  • # of students: 452
  • # of teachers: 16
8
GreatSchools Rating

Columbus Tustin Middle School

  • Education Level: Middle
  • # of students: 938
  • # of teachers: 34
5
GreatSchools Rating

Foothill High School

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

$585,000$715,000$650,000

PURCHASE PRICE

$2,583$3,157$2,870

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,870
EXPENSES Loan Payment -$2,398
Property Tax -$646
Property Insurance -$62
HOA -$230
Property Management Fees -$141
CASH FLOW
-$607

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.

$650,000

PROJECTED PRICE

$2,870

PROJECTED RENT

0.44%

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$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$15k

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$178,000

INVESTMENT

$178,000

Down Payment
$162,500
Rehab Estimate
$5,750
Closing Costs
$9,750

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,398

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $162,500
Loan Amount $487,500
See What Happens When You Reinvest Cash Flow

1.33

YEARS SAVED

$4,809

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,870

    LIST RENT
  • $1.96

    LIST RENT PER SQFT
  • $2,928

    COMP ESTIMATED VALUE
  • $2

    COMP AVG. RENT PER SQFT
Comps Range
$2,700
1$2,7002$2,8503$2,8504$2,8705$3,100
$3,100
RENT COMPS ANALYSIS
  • 14574 Holt Avenue Tustin, CA 4
    • 3 beds 3 baths ∙ 1,462 Sqft ∙ Built 1987 3 beds 3 baths ∙ 1,462 Sqft ∙ Built 1987
    • Rent
    • Rent Per SQFT
    •  
    • $2,870
    • $1.96
    •  
  • 12700 Newport Avenue Tustin, CA 1
    • 3 beds 2 baths ∙ 1,336 Sqft ∙ Built 1969 3 beds 2 baths ∙ 1,336 Sqft ∙ Built 1969
    LEASED 08/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,700
    • $2.02
    •  
  • 17481 Via Calma Tustin, CA 2
    • 4 beds 3 baths ∙ 1,452 Sqft ∙ Built 1972 4 beds 3 baths ∙ 1,452 Sqft ∙ Built 1972
    LEASED 07/10/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,850
    • $1.96
    •  
  • 17472 Via Lindo Tustin, CA 3
    • 3 beds 3 baths ∙ 1,452 Sqft ∙ Built 1972 3 beds 3 baths ∙ 1,452 Sqft ∙ Built 1972
    LEASED 08/19/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,850
    • $1.96
    •  
  • 606 Ambrose Lane Tustin, CA 5
    • 3 beds 3 baths ∙ 1,495 Sqft ∙ Built 2000 3 beds 3 baths ∙ 1,495 Sqft ∙ Built 2000
    LEASED 12/12/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,100
    • $2.07
    •  
PROPERTY LISTING DETAILS
Stephanie Lloyd
Lloyd Realty Group
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: OC20250577
Last Updated: 12/02/2020
BESbswy