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319 Calle Cuervo San Clemente, CA 92672

3 Beds 3 Baths 1,984 sqft Built 1977

$1,250,000

List Price

$4,350

$4.1K - $4.6K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
July 12, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1977
  • Price/Sqft : $630.04
  • 7 Days on Market
  • MLS # : OC21147462
  • Updated Date : 07/10/2021 at 04:10
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,984 sqft
  • Baths : 2 full , 1 half
Listing Agent

Re/max Select One

Listing Agent's Description

ONE OF THE MSOT SOUGHT AFTER LOCATIONS, FRONT ROW, UNSURPASSED PANORAMIC BLUE PACIFIC, CATALINA & SAN CLEMENTE ISLAND PLUS EXTENSIVE COASTLINE, STRAIGHT OUT FAMOUS SEAL ROCK & STUNNING SUNSET VIEWS! FIRST TIME EVER ON MARKET. ADDED SQUARE FOOTAGE OFFERED WITH WALLS PUSHED OUT IN KITCHEN & REAR PATIO. SITUATED IN THE HILLS ON A QUIET & TRANQUIL CUL-DE-SAC. ENTER INTO OVER-SIZED PATIO WITH CUSTOM LOCKABLE ENTRY GATE. BEAUTIFUL CHEF'S KITCHEN OFFERS: CUSTOM TILED COUNTERS & ACCENT TILE BACKSPLASH, 4 BURNER RANGE PLUS GRILL/GRIDDLE, DOUBLE OVENS, REFRIGERATOR, LARGE PANTRY & CUSTOM CABINETRY OFFERING PULL OUT SHELVING & CUSTOM INTERIOR CABINET FEATURES INCLUDING A LIFT FOR HEAVY MIXERS ETC. CONVENIENT BUILT IN DESK & ENORMOUS COUNTER TOP & CABINET SPACE PLUS TABLE FOR 2 FOR IN KITCHEN DINING. SPACIOUS FORMAL DINING AREA OPENS TO EXPANSIVE LIVING ROOM WITH ADDED SQ. FOOTAGE & MARBLE FACED FIREPLACE, ALL LOOKING OUT TO LUSH GREENBELTS & AMAZING PANORAMIC BLUE PACIFIC OCEAN VIEWS! ELEGANT OCEAN VIEW MASTER SUITE OFFERS VAULTED CEILINGS, LARGE DECK WITH AMAZING OCEAN VIEWS & LUXURIOUS MASTER BATH WITH WALK IN SHOWER. ALL BATHS OFFER GRANITE COUNTERTOPS, NEW SINKS & HARDWARE, UPPER LEVEL BATHS OFFER NEW CABINETRY & LIGHTING. TWO CAR GARAGE IS COMPLIMENTED WITH WALLS OF STORAGE CABINETS, AN LARGE OVERHEAD STORAGE & LAUNDRY AREA WITH INCLUDED WASHER/DRYER. GARAGE OPENS INTO GATED PATIO, YOU ARE NEVER OUTSIDE YOUR PRIVATE GROUNDS WITH LOCKABLE GATE, WHEN LEAVING GARAGE & GOING INTO YOUR HOME. PRESIDENTIAL HEIGHTS 2 OFFERS 4 ASSOCIATION POOLS & 4 SPAS. THIS LOCATION IS ONE OF THE PRIME SPOTS WITHIN PRES. HEIGHTS, TRANQUIL SETTING & UNSURPASSED OCEAN VIEWS! ORIGINAL OWNER, FIRST TIME ON MARKET!!

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MARKET HIGHLIGHTS

  • 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.
  • 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]

PRICE & RENT TRENDS

Neighborhood: San Clemente

NeighborhoodNIR Market*CityMarket2010Year20002019300k400k500k600k700k800k900k1000kPrice in $272k1085k

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

Neighborhood: San Clemente

NeighborhoodNIR Market*CityMarket2010Year2000 Q22019 Q220002200240026002800300032003400360038004000Rent in $19814177

* 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
Clarence Lobo Elementary School Primary Regular 417 15 5
Shorecliffs Middle School Middle Regular 1,021 39 7
San Clemente High School High Regular 3,036 107 9

Clarence Lobo Elementary School

  • Education Level: Primary
  • # of students: 417
  • # of teachers: 15
5
GreatSchools Rating

Shorecliffs Middle School

  • Education Level: Middle
  • # of students: 1,021
  • # of teachers: 39
7
GreatSchools Rating

San Clemente High School

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

$1,125,000$1,375,000$1,250,000

PURCHASE PRICE

$3,915$4,785$4,350

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $4,350
EXPENSES Loan Payment -$4,342
Property Tax -$1,058
Property Insurance -$75
HOA -$400
Property Management Fees -$213
CASH FLOW
-$1,738

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.

$1,250,000

PROJECTED PRICE

$4,350

PROJECTED RENT

0.35%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.08%
Appreciation Year (1-5) 5.0%
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$3.0M$3.5M

PROJECTED ANNUAL CASH FLOW

11530-$30k-$25k-$20k-$15k-$10k-$5.0k$0.0$5.0k$10k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$500k$1.0M$1.5M$2.0M$2.5M$3.0M$3.5M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$337,000

INVESTMENT

$337,000

Down Payment
$312,500
Rehab Estimate
$5,750
Closing Costs
$18,750

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 70% down payment or higher enables the proceeds from the asset to cover all costs.

$4,342

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $312,500
Loan Amount $937,500
See What Happens When You Reinvest Cash Flow

0.17

YEARS SAVED

$171

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $4,350

    LIST RENT
  • $2.19

    LIST RENT PER SQFT
  • $3,998

    COMP ESTIMATED VALUE
  • $2.01

    COMP AVG. RENT PER SQFT
Comps Range
$3,700
1$3,7002$3,8003$3,9004$4,3005$4,350
$4,350
RENT COMPS ANALYSIS
  • 319 Calle Cuervo San Clemente, CA 5
    • 3 beds 3 baths ∙ 1,984 Sqft ∙ Built 1977 3 beds 3 baths ∙ 1,984 Sqft ∙ Built 1977
    • Rent
    • Rent Per SQFT
    •  
    • $4,350
    • $2.19
    •  
  • 721 Via Nublado San Clemente, CA 1
    • 3 beds 3 baths ∙ 1,830 Sqft ∙ Built 1985 3 beds 3 baths ∙ 1,830 Sqft ∙ Built 1985
    LEASED 10/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,700
    • $2.02
    •  
  • 4 Finca San Clemente, CA 2
    • 4 beds 3 baths ∙ 2,045 Sqft ∙ Built 1989 4 beds 3 baths ∙ 2,045 Sqft ∙ Built 1989
    LEASED 11/11/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,800
    • $1.86
    •  
  • 32 Finca San Clemente, CA 3
    • 3 beds 2 baths ∙ 1,864 Sqft ∙ Built 1989 3 beds 2 baths ∙ 1,864 Sqft ∙ Built 1989
    LEASED 01/24/21
    • Rent
    • Rent Per SQFT
    •  
    • $3,900
    • $2.09
    •  
  • 303 Calle Fiesta San Clemente, CA 4
    • 4 beds 2 baths ∙ 2,056 Sqft ∙ Built 1975 4 beds 2 baths ∙ 2,056 Sqft ∙ Built 1975
    LEASED 04/09/21
    • Rent
    • Rent Per SQFT
    •  
    • $4,300
    • $2.09
    •  
PROPERTY LISTING DETAILS
Ken Dembowski
Re/max Select One
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: OC21147462
Last Updated: 07/10/2021
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