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PROPERTY INFO
FACTS
- Single Family
- Built In 1960
- Price/Sqft : $679.12
- 2 Days on Market
- MLS # : IV21025349
- Updated Date : 02/06/2021 at 20:18
CONSTRUCTION
- Beds : 3
- Floor Size : 1,178 sqft
- Baths : 2 full
Listing Agent
Massiha Kouhssari, Broker
Listing Agent's Description
The river runs through the back yard giving you the most serene Laguna Canyon life style charm. First time on the market in 50 years, One story single family project to finalize your own touches the way you want. The home has a solid structure but needs work, handy man special, investor's dream. Possible ADU (Accessory Dwelling Unit) opportunity to increase or double the square footage. This will sell quick bring your best highest to me directly. Sale is as is and final
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MARKET HIGHLIGHTS
- 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)
- 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.
PRICE & RENT TRENDS
Neighborhood: Laguna Canyon
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Laguna Canyon
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $3,550 |
| EXPENSES | Loan Payment | -$2,779 |
| Property Tax | -$787 | |
| Property Insurance | -$56 | |
| Property Management Fees | -$174 | |
|
CASH FLOW
-$245
|
||
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.
$800,000
PROJECTED PRICE
$3,550
PROJECTED RENT
0.44%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 4.08% |
| Appreciation Year (1-5) | 4.8% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 5.81% |
| Length of Stay Years | 2 |
PROJECTED ACCUMULATED WEALTH
30 YEAR PROJECTION
- Cash Flow
- Appreciation
- Principal
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$217,750
LOAN DETAILS
$2,779
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $200,000 |
| Loan Amount | $600,000 |
4.17
YEARS SAVED
$31,859
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$3,550
LIST RENT -
$3.01
LIST RENT PER SQFT
-
$3,746
COMP ESTIMATED VALUE -
$3.18
COMP AVG. RENT PER SQFT
Comps Range
-
20356 Laguna Canyon Road Laguna Beach, CA 1
- 3 beds 2 baths ∙ 1,178 Sqft ∙ Built 1960 3 beds 2 baths ∙ 1,178 Sqft ∙ Built 1960
![property image]()
- Rent
- Rent Per SQFT
- $3,550
- $3.01
-
20358 Laguna Canyon Road Laguna Beach, CA 2
- 3 beds 3 baths ∙ 1,179 Sqft ∙ Built 1960 3 beds 3 baths ∙ 1,179 Sqft ∙ Built 1960
![property image]()
LEASED 11/30/20- Rent
- Rent Per SQFT
- $3,750
- $3.18
PROPERTY LISTING DETAILS
Massiha Kouhssari, Broker
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
MLS #: IV21025349
Last Updated: 02/06/2021
