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16 W Avenida San Gabriel San Clemente, CA 92672

3 Beds 2 Baths 1,644 sqft Built 1975

$899,000

List Price

$3,570

$3.3K - $3.8K

Rent Est.

PROPERTY INFO

January 15, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1975
  • Price/Sqft : $546.84
  • 4 Days on Market
  • MLS # : OC21007195
  • Updated Date : 01/14/2021 at 15:51
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,644 sqft
  • Baths : 2 full
Listing Agent

Douglas Elliman Of California

Listing Agent's Description

Enjoy ideal indoor/outdoor living and all the best of San Clemente from this stylish home less than mile from the beach! Over 1,000 sq ft of newly built patios on both levels expands the footprint of this home with open air living year-round. The upper deck is an Azek deck with ocean views while the lower patio offers new concrete slab, a custom fountain and a shaded retreat. Reverse floor plan features views and vaulted ceilings in the open-concept top floor, including an upper-level master suite while the downstairs is peaceful and private with two bedrooms that both have direct slider access to the expansive backyard. Granite countertops and stainless appliances enhance the modern, Spanish-inspired kitchen. New additions include upgraded luxury laminate floors, dual-pane windows, air conditioning, tankless water heater and plantation shutters throughout the home. The completely private backyard oasis boasts a lush lawn, perimeter trees, and convenient stairs to the upper deck and common living spaces. This home is the perfect hub for the ultimate Southern California lifestyle! Conveniently located in the heart of San Clemente with easy access to the 5 freeway, PCH and the local train station. Amazing opportunity to own a turnkey single-family home in the heart of San Clemente for under $900,000!

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • 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)

PRICE & RENT TRENDS

Neighborhood: San Clemente

NeighborhoodNIR Market*CityMarket2010Year20002019300k400k500k600k700k800k900k1000kPrice in $272k1085k

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

Neighborhood: San Clemente

NeighborhoodNIR Market*CityMarket2010Year2000 Q22019 Q220002200240026002800300032003400360038004000Rent in $19814177

* 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
Concordia Elementary School Primary Regular 663 21 7
Shorecliffs Middle School Middle Regular 1,021 39 7
San Clemente High School High Regular 3,036 107 9

Concordia Elementary School

  • Education Level: Primary
  • # of students: 663
  • # of teachers: 21
7
GreatSchools Rating

Shorecliffs Middle School

  • Education Level: Middle
  • # of students: 1,021
  • # of teachers: 39
7
GreatSchools Rating

San Clemente High School

  • Education Level: High
  • # of students: 3,036
  • # of teachers: 107
9
GreatSchools Rating
 

$809,100$988,900$899,000

PURCHASE PRICE

$3,213$3,927$3,570

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,570
EXPENSES Loan Payment -$3,123
Property Tax -$761
Property Insurance -$67
Property Management Fees -$175
CASH FLOW
-$555

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.

$899,000

PROJECTED PRICE

$3,570

PROJECTED RENT

0.40%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.08%
Appreciation Year (1-5) 5.0%
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

PROJECTED ANNUAL CASH FLOW

11530-$10k-$5.0k$0.0$5.0k$10k$15k$20k$25k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$243,985

INVESTMENT

$243,985

Down Payment
$224,750
Rehab Estimate
$5,750
Closing Costs
$13,485

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 55% down payment or higher enables the proceeds from the asset to cover all costs.

$3,123

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $224,750
Loan Amount $674,250
See What Happens When You Reinvest Cash Flow

2.5

YEARS SAVED

$18,068

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,570

    LIST RENT
  • $2.17

    LIST RENT PER SQFT
  • $3,567

    COMP ESTIMATED VALUE
  • $2.17

    COMP AVG. RENT PER SQFT
Comps Range
$3,250
1$3,2502$3,5003$3,5704$3,7505$3,800
$3,800
RENT COMPS ANALYSIS
  • 16 W Avenida San Gabriel San Clemente, CA 3
    • 3 beds 2 baths ∙ 1,644 Sqft ∙ Built 1975 3 beds 2 baths ∙ 1,644 Sqft ∙ Built 1975
    • Rent
    • Rent Per SQFT
    •  
    • $3,570
    • $2.17
    •  
  • 225 Avenida Del Poniente San Clemente, CA 1
    • 3 beds 2 baths ∙ 1,600 Sqft ∙ Built 1978 3 beds 2 baths ∙ 1,600 Sqft ∙ Built 1978
    LEASED 06/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,250
    • $2.03
    •  
  • 129 Avenida Sierra San Clemente, CA 2
    • 3 beds 3 baths ∙ 1,612 Sqft ∙ Built 1988 3 beds 3 baths ∙ 1,612 Sqft ∙ Built 1988
    LEASED 05/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,500
    • $2.17
    •  
  • 2303 S Ola Vista San Clemente, CA 4
    • 3 beds 2 baths ∙ 1,741 Sqft ∙ Built 1983 3 beds 2 baths ∙ 1,741 Sqft ∙ Built 1983
    LEASED 07/08/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,750
    • $2.15
    •  
  • 124 Avenida Trieste San Clemente, CA 5
    • 3 beds 2 baths ∙ 1,632 Sqft ∙ Built 1974 3 beds 2 baths ∙ 1,632 Sqft ∙ Built 1974
    LEASED 01/22/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,800
    • $2.33
    •  
PROPERTY LISTING DETAILS
Bree Hughes
Douglas Elliman Of California
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: OC21007195
Last Updated: 01/14/2021
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