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1720 Avenida Crescenta San Clemente, CA 92672

5 Beds 3 Baths 2,924 sqft Built 1992

$949,000

List Price

$4,430

$4.2K - $4.7K

Rent Est.

PROPERTY INFO

FACTS
  • Single Family
  • Built In 1992
  • Price/Sqft : $324.56
  • 9 Days on Market
  • MLS # : OC21002984
  • Updated Date : 01/15/2021 at 12:23
CONSTRUCTION
  • Beds : 5
  • Floor Size : 2,924 sqft
  • Baths : 3 full
Listing Agent

First Team Real Estate

Listing Agent's Description

Incredible opportunity to make this home your own! Priced $200,000 below market value & below all recent sales in the neighborhood for SMALLER homes! RARE POOL-SIZED yard w/ultimate privacy (2nd largest lot in the tract), cul-de-sac location, & peek ocean views from the second level, this home is too good to pass up! The largest floor plan in Brisa Del Mar tract, this home offers a flexible layout w/over 2900 sq. ft. of living space, a lower level bed & bath, & 5th bedroom/bonus room that can be used as a classroom, ultimate WFH office, in-law suite, home theater, etc.. The lower level consists of an oversized kitchen that opens up to the living room complete w/fireplace & also connects to the formal dining & living rooms, allowing for endless possibilities to entertain friends & family. 4 spacious rooms w/plenty of natural light make up the upper level, plus much desired peek ocean views from the front balcony.  Enjoy the soaring ceilings in the master bedroom & en-suite w/substantial closet space, soaking tub & separate shower. As an added bonus there's also a 30amp outlet installed in the garage for electric car charging. Don’t miss this chance to remodel this very special residence to your specifics - NEW YEAR, NEW HOME, YOUR WAY.  Brisa Del Mar is part of the ocean view master-planned community of Rancho San Clemente, close to schools & parks, access to miles of stunning trails along the famed Ridgeline Trail, & minutes to beaches & freeways… your best life starts here!

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: Rancho San Clemente

NeighborhoodNIR Market*CityMarket2010Year20002019300k400k500k600k700k800k900k1000kPrice in $243k1085k

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

Neighborhood: Rancho San Clemente

NeighborhoodNIR Market*CityMarket2010Year2000 Q22019 Q2200022002400260028003000320034003600380040004200Rent in $18444221

* 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
Clarence Lobo Elementary School Primary Regular 417 15 5
Bernice Ayer Middle School Middle Regular 896 33 6
San Clemente High School High Regular 3,036 107 9

Clarence Lobo Elementary School

  • Education Level: Primary
  • # of students: 417
  • # of teachers: 15
5
GreatSchools Rating

Bernice Ayer Middle School

  • Education Level: Middle
  • # of students: 896
  • # of teachers: 33
6
GreatSchools Rating

San Clemente High School

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

$854,100$1,043,900$949,000

PURCHASE PRICE

$3,987$4,873$4,430

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $4,430
EXPENSES Loan Payment -$3,296
Property Tax -$803
Property Insurance -$98
HOA -$195
Property Management Fees -$217
CASH FLOW
-$179

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 13% of earned rent to cover both maintenance and periods of vacancy.

$949,000

PROJECTED PRICE

$4,430

PROJECTED RENT

0.47%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.24%
Appreciation Year (1-5) 5.0%
Maintenance Year (1-5) 8.00%
Vacancy 5.38%
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$0.0$10k$20k$30k$40k

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$257,235

INVESTMENT

$257,235

Down Payment
$237,250
Rehab Estimate
$5,750
Closing Costs
$14,235

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 50% down payment or higher enables the proceeds from the asset to cover all costs.

$3,296

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $237,250
Loan Amount $711,750
See What Happens When You Reinvest Cash Flow

5.08

YEARS SAVED

$50,125

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $4,430

    LIST RENT
  • $1.52

    LIST RENT PER SQFT
  • $4,401

    COMP ESTIMATED VALUE
  • $1.51

    COMP AVG. RENT PER SQFT
Comps Range
$4,200
1$4,2002$4,4003$4,4304$4,5005$4,700
$4,700
RENT COMPS ANALYSIS
  • 1720 Avenida Crescenta San Clemente, CA 3
    • 5 beds 3 baths ∙ 2,924 Sqft ∙ Built 1992 5 beds 3 baths ∙ 2,924 Sqft ∙ Built 1992
    • Rent
    • Rent Per SQFT
    •  
    • $4,430
    • $1.52
    •  
  • 1006 Calle De Los Arboles San Clemente, CA 1
    • 4 beds 4 baths ∙ 2,800 Sqft ∙ Built 2003 4 beds 4 baths ∙ 2,800 Sqft ∙ Built 2003
    LEASED 09/14/19
    • Rent
    • Rent Per SQFT
    •  
    • $4,200
    • $1.50
    •  
  • 502 Avenida Ossa San Clemente, CA 2
    • 5 beds 2 baths ∙ 2,982 Sqft ∙ Built 1998 5 beds 2 baths ∙ 2,982 Sqft ∙ Built 1998
    LEASED 09/11/19
    • Rent
    • Rent Per SQFT
    •  
    • $4,400
    • $1.48
    •  
  • 405 Bolivia San Clemente, CA 4
    • 5 beds 3 baths ∙ 2,926 Sqft ∙ Built 1996 5 beds 3 baths ∙ 2,926 Sqft ∙ Built 1996
    LEASED 06/23/20
    • Rent
    • Rent Per SQFT
    •  
    • $4,500
    • $1.54
    •  
  • 515 Avenida Del Verdor San Clemente, CA 5
    • 4 beds 2 baths ∙ 3,139 Sqft ∙ Built 1980 4 beds 2 baths ∙ 3,139 Sqft ∙ Built 1980
    LEASED 08/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $4,700
    • $1.50
    •  
PROPERTY LISTING DETAILS
Michelle Wilson
First Team Real Estate
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: OC21002984
Last Updated: 01/15/2021
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