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312 Via Alegre San Clemente, CA 92672

3 Beds 2 Baths 1,580 sqft Built 1963

$1,050,000

List Price

$4,130

$3.9K - $4.4K

Rent Est.

PROPERTY INFO

FACTS
  • Built In 1963
  • Price/Sqft : $664.56
  • 11 Days on Market
  • MLS # : OC20222768
  • Updated Date : 10/24/2020 at 09:26
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,580 sqft
  • Baths : 2 full
Listing Agent

Harcourts Prime Properties

Listing Agent's Description

Come see this great opportunity to live your coastal dream in this spacious single level home located in the sought-after community of Shorecliffs. Enter the property through the gated courtyard and begin your plan to make this your own. Arrive into a light and open floorplan including living area, dining area, and kitchen. This single level 3 bedroom, 2 bath home offers ocean, canyon, and Golf Course views in the back, and a peek-a-boo view of the ocean in the front. The backyard is great for entertaining or relaxing with ample privacy and views. The front courtyard offers ultimate privacy with abundant possibilities for a pool/spa, hardscaping, or a beautiful garden retreat. Owning in the Shorecliffs community includes membership in the private resort style beach club situated on Poche Beach located off Pacific Coast Highway just down the hill on the oceanfront. The Beach Club has been recently upgraded and is great for hosting community or private events. Some of the amenities include a BBQ area, picnic tables, paddle tennis, basketball, kids play structure and private beach parking. Close to the San Clemente Beach Trail, Dana Point Harbor, world famous surfing spots and miles of beautiful beaches. Enjoy easy access to shopping, the Outlets at San Clemente & lots of dining options in downtown San Clemente.

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: Talega

NeighborhoodNIR Market*CityMarket2010Year20002019300k400k500k600k700k800k900k1000kPrice in $272k1091k

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

Neighborhood: Talega

NeighborhoodNIR Market*CityMarket2010Year2000 Q22019 Q220002200240026002800300032003400360038004000420044004600Rent in $19814763

* 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
Vista Del Mar Elementary School Primary Regular 1,118 36 9
Vista Del Mar Middle School Middle Regular 614 25 9
San Clemente High School High Regular 3,036 107 9

Vista Del Mar Elementary School

  • Education Level: Primary
  • # of students: 1,118
  • # of teachers: 36
9
GreatSchools Rating

Vista Del Mar Middle School

  • Education Level: Middle
  • # of students: 614
  • # of teachers: 25
9
GreatSchools Rating

San Clemente High School

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

$945,000$1,155,000$1,050,000

PURCHASE PRICE

$3,717$4,543$4,130

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $4,130
EXPENSES Loan Payment -$3,874
Property Tax -$1,162
Property Insurance -$65
HOA -$35
Property Management Fees -$202
CASH FLOW
-$1,208

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.

$1,050,000

PROJECTED PRICE

$4,130

PROJECTED RENT

0.39%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.08%
Appreciation Year (1-5) 3.7%
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-$25k-$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$284,000

INVESTMENT

$284,000

Down Payment
$262,500
Rehab Estimate
$5,750
Closing Costs
$15,750

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$3,874

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $262,500
Loan Amount $787,500
See What Happens When You Reinvest Cash Flow

0.67

YEARS SAVED

$2,911

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $4,130

    LIST RENT
  • $2.61

    LIST RENT PER SQFT
  • $3,705

    COMP ESTIMATED VALUE
  • $2.34

    COMP AVG. RENT PER SQFT
Comps Range
$3,000
1$3,0002$3,9953$4,130
$4,130
RENT COMPS ANALYSIS
  • 312 Via Alegre San Clemente, CA 3
    • 3 beds 2 baths ∙ 1,580 Sqft ∙ Built 1963 3 beds 2 baths ∙ 1,580 Sqft ∙ Built 1963
    • Rent
    • Rent Per SQFT
    •  
    • $4,130
    • $2.61
    •  
  • 509 Avenida Adobe San Clemente, CA 1
    • 3 beds 3 baths ∙ 1,468 Sqft ∙ Built 1974 3 beds 3 baths ∙ 1,468 Sqft ∙ Built 1974
    LEASED 05/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,000
    • $2.04
    •  
  • 126 W Paseo De Cristobal San Clemente, CA 2
    • 3 beds 2 baths ∙ 1,507 Sqft ∙ Built 1945 3 beds 2 baths ∙ 1,507 Sqft ∙ Built 1945
    LEASED 02/25/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,995
    • $2.65
    •  
PROPERTY LISTING DETAILS
Robert Arthur
Harcourts Prime Properties
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: OC20222768
Last Updated: 10/24/2020
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