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28384 San Sebastian Ave Murrieta, CA 92563

4 Beds 4 Baths 2,604 sqft Built 2005

$479,000

List Price

$2,150

$1.9K - $2.4K

Rent Est.

PROPERTY INFO

January 17, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2005
  • Price/Sqft : $183.95
  • 4 Days on Market
  • MLS # : SW21008718
  • Updated Date : 01/16/2021 at 19:39
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,604 sqft
  • Baths : 3 full , 1 half
Listing Agent

Era Donahoe Realty

Listing Agent's Description

OPEN OPEN OPEN! UPGRADED, OPEN CONCEPT, SINGLE STORY 4 BEDROOM, 3 ½ BATHROOM, 3 CAR GARAGE, WAITING FOR YOU! Beautifully upgraded kitchen with granite counter tops, white cabinets, and a huge granite island, wood flooring throughout living areas. Master bedroom is very spacious, has two closets and a fully upgraded bathroom with a tile shower and a modern soaking tub. The second bedroom is a mini master with the bathroom INSIDE the room! The other two bedrooms are connected Jack n Jill style with a full bath with duel sinks. The backyard is very nicely sized with a built in BBQ, granite bar, fire pit, and lighting. Side yard is separately fenced for dogs or children to have their own space. Garage is a three car tandem. Home is located on the corner of a cul-de-sac street, walking distance to parks and Oak Meadows Elementary. Just down the street from Kaiser and Loma Linda hospital. NO HOA... A must see!

SEE MORE

MARKET HIGHLIGHTS

  • 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]
  • 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, Inland Empire market inherits all the benefits from the area.
  • 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)
  • Southern California area contributes to 55.3% of California state economy i.e. Gross State Product (USMayors.org, 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)

PRICE & RENT TRENDS

Neighborhood: Murrieta Highlands

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450k500k550kPrice in $149k584k

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

Neighborhood: Murrieta Highlands

NeighborhoodNIR Market*CityMarket2010Year2000 Q22019 Q211001200130014001500160017001800190020002100220023002400Rent in $10822496

* 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
Oak Meadows Elementary School Primary Regular 1,014 40 8
Bell Mountain Middle School Middle Regular 1,173 49 7
Paloma Valley High School High Regular 2,844 101 6

Oak Meadows Elementary School

  • Education Level: Primary
  • # of students: 1,014
  • # of teachers: 40
8
GreatSchools Rating

Bell Mountain Middle School

  • Education Level: Middle
  • # of students: 1,173
  • # of teachers: 49
7
GreatSchools Rating

Paloma Valley High School

  • Education Level: High
  • # of students: 2,844
  • # of teachers: 101
6
GreatSchools Rating
 

$431,100$526,900$479,000

PURCHASE PRICE

$1,935$2,365$2,150

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,150
EXPENSES Loan Payment -$1,664
Property Tax -$494
Property Insurance -$90
Property Management Fees -$127
CASH FLOW
-$225

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.

$479,000

PROJECTED PRICE

$2,150

PROJECTED RENT

0.45%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.95%
Appreciation Year (1-5) 6.8%
Maintenance Year (1-5) 8.00%
Vacancy 5.35%
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

PROJECTED ANNUAL CASH FLOW

11530-$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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$132,685

INVESTMENT

$132,685

Down Payment
$119,750
Rehab Estimate
$5,750
Closing Costs
$7,185

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,664

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $119,750
Loan Amount $359,250
See What Happens When You Reinvest Cash Flow

3.17

YEARS SAVED

$12,489

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,150

    LIST RENT
  • $0.83

    LIST RENT PER SQFT
  • $2,350

    COMP ESTIMATED VALUE
  • $0.9

    COMP AVG. RENT PER SQFT
Comps Range
$2,150
1$2,1502$2,2003$2,3004$2,4955$2,540
$2,540
RENT COMPS ANALYSIS
  • 28384 San Sebastian Ave Murrieta, CA 1
    • 4 beds 4 baths ∙ 2,604 Sqft ∙ Built 2005 4 beds 4 baths ∙ 2,604 Sqft ∙ Built 2005
    • Rent
    • Rent Per SQFT
    •  
    • $2,150
    • $0.83
    •  
  • 33653 Azalea Lane Murrieta, CA 2
    • 5 beds 3 baths ∙ 2,459 Sqft ∙ Built 2003 5 beds 3 baths ∙ 2,459 Sqft ∙ Built 2003
    LEASED 08/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,200
    • $0.89
    •  
  • 33553 Iris Lane Murrieta, CA 3
    • 4 beds 3 baths ∙ 2,585 Sqft ∙ Built 2002 4 beds 3 baths ∙ 2,585 Sqft ∙ Built 2002
    LEASED 08/25/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,300
    • $0.89
    •  
  • 28739 Lavatera Avenue Murrieta, CA 4
    • 4 beds 3 baths ∙ 2,742 Sqft ∙ Built 2004 4 beds 3 baths ∙ 2,742 Sqft ∙ Built 2004
    LEASED 04/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,495
    • $0.91
    •  
  • 34801 Southwood Avenue Murrieta, CA 5
    • 5 beds 3 baths ∙ 2,775 Sqft ∙ Built 2016 5 beds 3 baths ∙ 2,775 Sqft ∙ Built 2016
    LEASED 01/11/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,540
    • $0.92
    •  
PROPERTY LISTING DETAILS
Jenea Schlais
Era Donahoe Realty
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: SW21008718
Last Updated: 01/16/2021
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