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2317 Via Puerta #A Laguna Woods, CA 92637

3 Beds 3 Baths 1,530 sqft Built 1969

$410,000

List Price

$2,510

$2.3K - $2.8K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
February 25, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1969
  • Price/Sqft : $267.97
  • 6 Days on Market
  • MLS # : OC21029533
  • Updated Date : 02/23/2021 at 21:19
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,530 sqft
  • Baths : 2 full , 1 half
Listing Agent

Laguna Premier Realty Inc.

Listing Agent's Description

Open the doors to this La Jolla model that offers three bedrooms, two and a half bathrooms, two enclosures, two fireplaces and is an end unit! This model has a large living room that spills into the dining area. And to create ambience the dining area has a fireplace. Off of the dining area is an enclosed balcony to catch the morning sun. The kitchen hosts plenty of cabinets and counter space, a newer refrigerator and since it's an end unit there is a window over the sink. The downstairs bedroom can play double duty as a den and has a walk-in closet that can also be used for storage or a pantry. On this level there is a half bathroom and laundry. Upstairs are two bedrooms both complete with their own bathroom. The master bedroom has the second fireplace and has an oversize, walk-in tiled shower, skylight to add natural light and a fantastic walk-in closet with built-in organizers. The second bedroom has a built-in desk with Murphy bed, walk-in closet and a shower over tub bathroom. The patio has been enclosed and makes a great craft or office! Endless possibilities with this unit and plenty of room for everything! The rooms either have a wall unit or a zoned split unit to heat or cool them which you can enjoy without worrying about the electric bill because this home also comes with SOLAR making your electric bill so low.

SEE MORE

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 Woods

NeighborhoodNIR Market*CityMarket2010Year20002019200k250k300k350k400k450k500k550k600k650k700kPrice in $157k742k

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

Neighborhood: Laguna Woods

NeighborhoodNIR Market*CityMarket2010Year2000 Q22019 Q212001400160018002000220024002600280030003200Rent in $11333345

* 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
Rancho Santa Margarita Intermediate School Middle Regular 1,353 53 8
Trabuco Hills High School High Regular 2,960 112 9

Rancho Santa Margarita Intermediate School

  • Education Level: Middle
  • # of students: 1,353
  • # of teachers: 53
8
GreatSchools Rating

Trabuco Hills High School

  • Education Level: High
  • # of students: 2,960
  • # of teachers: 112
9
GreatSchools Rating
 

$369,000$451,000$410,000

PURCHASE PRICE

$2,259$2,761$2,510

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,510
EXPENSES Loan Payment -$1,424
Property Tax -$353
Property Insurance -$64
HOA -$672
Property Management Fees -$123
CASH FLOW
-$126

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.

$410,000

PROJECTED PRICE

$2,510

PROJECTED RENT

0.61%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.24%
Appreciation Year (1-5) 7.6%
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$200k$400k$600k$800k$1.0M$1.2M

PROJECTED ANNUAL CASH FLOW

11530-$5.0k$0.0$5.0k$10k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$114,400

INVESTMENT

$114,400

Down Payment
$102,500
Rehab Estimate
$5,750
Closing Costs
$6,150

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 60% down payment or higher enables the proceeds from the asset to cover all costs.

$1,424

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $102,500
Loan Amount $307,500
See What Happens When You Reinvest Cash Flow

3.42

YEARS SAVED

$12,176

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,510

    LIST RENT
  • $1.64

    LIST RENT PER SQFT
  • $2,525

    COMP ESTIMATED VALUE
  • $1.65

    COMP AVG. RENT PER SQFT
Comps Range
$2,100
1$2,1002$2,3003$2,5104$2,6505$3,200
$3,200
RENT COMPS ANALYSIS
  • 2317 Via Puerta Laguna Woods, CA 3
    • 3 beds 3 baths ∙ 1,530 Sqft ∙ Built 1969 3 beds 3 baths ∙ 1,530 Sqft ∙ Built 1969
    • Rent
    • Rent Per SQFT
    •  
    • $2,510
    • $1.64
    •  
  • 3121 Via Serena N Laguna Woods, CA 1
    • 3 beds 2 baths ∙ 1,189 Sqft ∙ Built 1972 3 beds 2 baths ∙ 1,189 Sqft ∙ Built 1972
    LEASED 10/30/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,100
    • $1.77
    •  
  • 2398 Via Mariposa Laguna Woods, CA 2
    • 3 beds 2 baths ∙ 1,663 Sqft ∙ Built 1970 3 beds 2 baths ∙ 1,663 Sqft ∙ Built 1970
    LEASED 05/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,300
    • $1.38
    •  
  • 2317 Via Puerta Laguna Woods, CA 4
    • 3 beds 3 baths ∙ 1,530 Sqft ∙ Built 1969 3 beds 3 baths ∙ 1,530 Sqft ∙ Built 1969
    LEASED 02/17/21
    • Rent
    • Rent Per SQFT
    •  
    • $2,650
    • $1.73
    •  
  • 23782 Boeing Lane Lake Forest, CA 5
    • 3 beds 3 baths ∙ 1,859 Sqft ∙ Built 1970 3 beds 3 baths ∙ 1,859 Sqft ∙ Built 1970
    LEASED 10/10/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,200
    • $1.72
    •  
PROPERTY LISTING DETAILS
Jeannie Gibson
Laguna Premier Realty Inc.
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: OC21029533
Last Updated: 02/23/2021
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