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28652 Malabar Road Trabuco Canyon, CA 92679

4 Beds 3 Baths 2,571 sqft Built 1994

$985,000

List Price

$3,680

$3.4K - $3.9K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
FACTS
  • Single Family
  • Built In 1994
  • Price/Sqft : $383.12
  • 13 Days on Market
  • MLS # : OC21049147
  • Updated Date : 03/20/2021 at 05:10
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,571 sqft
  • Baths : 3 full
Listing Agent

Coldwell Banker Realty

Listing Agent's Description

This traditional 4 bedroom, 3 bath home is exactly what you're looking for! It boasts two-story ceilings, natural light throughout and a phenomenal location. An elegant brick walkway invites you through double doors into the generous formal living room with large windows and 2 story ceilings. The formal dining area has sliding glass doors stepping you into the POOL-SIZED lot and patio. Glide through a pocket door into the charming eat-in kitchen with rich cabinetry, appliances that include a downdraft grill on a center-island, full size fridge, double oven and microwave. The family room has a gas fireplace and two lovely built-ins: one for your bar and the other for entertainment accessories. The mud-room offers a large sink, multiple cabinets, full size washer/dryer hook-ups, and an exterior door to the side yard. The main floor bedroom has a closet area, two large windows, and Jack & Jill bath! Bound upstairs to the enormous master suite with multiple closets (3!) double sinks/large vanity, separate shower, snuggly tub and private water closet. Two additional, spacious bedrooms are down the hall with another full bathroom. Linen storage is tucked near-by. Enjoy the outside and BBQ island with bar seating under the sky-high pergola. The oversized 3 car garage has direct access. Award winning elementary school too! Also myriad community amenities - pools, tennis and more! Don’t miss this beauty. Welcome to your forever home!

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • 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)

PRICE & RENT TRENDS

Neighborhood: Portola Hills

NeighborhoodNIR Market*CityMarket2010Year20002019300k350k400k450k500k550k600k650k700k750k800k850k900k950kPrice in $272k952k

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

Neighborhood: Portola Hills

NeighborhoodNIR Market*CityMarket2010Year2000 Q22019 Q220002200240026002800300032003400360038004000Rent in $19684166

* 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
Serrano Intermediate School Middle Regular 1,233 43 7
El Toro High School High Magnet 2,548 98 8
Serrano Intermediate School Middle Unknown NA

Serrano Intermediate School

  • Education Level: Middle
  • # of students: 1,233
  • # of teachers: 43
7
GreatSchools Rating

El Toro High School

  • Education Level: High
  • # of students: 2,548
  • # of teachers: 98
8
GreatSchools Rating

Serrano Intermediate School

  • Education Level: Middle
  • # of students:
  • # of teachers:
NA
GreatSchools Rating
 

$886,500$1,083,500$985,000

PURCHASE PRICE

$3,312$4,048$3,680

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,680
EXPENSES Loan Payment -$3,421
Property Tax -$839
Property Insurance -$89
HOA -$150
Property Management Fees -$180
CASH FLOW
-$999

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.

$985,000

PROJECTED PRICE

$3,680

PROJECTED RENT

0.37%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.08%
Appreciation Year (1-5) 4.9%
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-$20k-$15k-$10k-$5.0k$0.0$5.0k$10k$15k$20k

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$266,775

INVESTMENT

$266,775

Down Payment
$246,250
Rehab Estimate
$5,750
Closing Costs
$14,775

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 65% down payment or higher enables the proceeds from the asset to cover all costs.

$3,421

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $246,250
Loan Amount $738,750
See What Happens When You Reinvest Cash Flow

0.92

YEARS SAVED

$3,569

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,680

    LIST RENT
  • $1.43

    LIST RENT PER SQFT
  • $3,805

    COMP ESTIMATED VALUE
  • $1.48

    COMP AVG. RENT PER SQFT
Comps Range
$3,500
1$3,5002$3,6803$3,8004$3,8955$4,200
$4,200
RENT COMPS ANALYSIS
  • 28652 Malabar Road Trabuco Canyon, CA 2
    • 4 beds 3 baths ∙ 2,571 Sqft ∙ Built 1994 4 beds 3 baths ∙ 2,571 Sqft ∙ Built 1994
    • Rent
    • Rent Per SQFT
    •  
    • $3,680
    • $1.43
    •  
  • 28691 Cedar Ridge Road Trabuco Canyon, CA 1
    • 4 beds 3 baths ∙ 2,379 Sqft ∙ Built 1996 4 beds 3 baths ∙ 2,379 Sqft ∙ Built 1996
    LEASED 12/04/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,500
    • $1.47
    •  
  • 28552 Camelback Road Lake Forest, CA 3
    • 4 beds 3 baths ∙ 2,513 Sqft ∙ Built 1990 4 beds 3 baths ∙ 2,513 Sqft ∙ Built 1990
    LEASED 01/27/21
    • Rent
    • Rent Per SQFT
    •  
    • $3,800
    • $1.51
    •  
  • 29012 Modjeska Peak Lane Lake Forest, CA 4
    • 5 beds 3 baths ∙ 2,606 Sqft ∙ Built 1986 5 beds 3 baths ∙ 2,606 Sqft ∙ Built 1986
    LEASED 10/14/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,895
    • $1.49
    •  
  • 28351 Harvest View Lane Lake Forest, CA 5
    • 4 beds 3 baths ∙ 2,889 Sqft ∙ Built 1993 4 beds 3 baths ∙ 2,889 Sqft ∙ Built 1993
    LEASED 02/22/21
    • Rent
    • Rent Per SQFT
    •  
    • $4,200
    • $1.45
    •  
PROPERTY LISTING DETAILS
Jeanette Wayland
Coldwell Banker Realty
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: OC21049147
Last Updated: 03/20/2021
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