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32826 Leah Drive Dana Point, CA 92629

4 Beds 2 Baths 2,455 sqft Built 1984

$1,200,000

List Price

$4,260

$4K - $4.5K

Rent Est.

PROPERTY INFO

November 25, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1984
  • Price/Sqft : $488.80
  • 6 Days on Market
  • MLS # : LG20201436
  • Updated Date : 11/25/2020 at 06:50
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,455 sqft
  • Baths : 2 full
Listing Agent

First Team Estates

Listing Agent's Description

Dana Point Coastal Beauty located in The Landing Community and ideally situated next to Dana Crest Park with a nice view. This light and bright open and inviting “Beachcomber” floor plan features 4 bedrooms, 3 baths and has a rare main-floor bedroom, which is currently set-up as an office and has a private in ground jacuzzi just beyond its sliding glass door for your relaxation. Interior has been freshly painted and has new carpet. Upgrades include replacement of all the windows and slider; plantation shutters; invisible screen doors; remodeled bathrooms; Brazilian cherry wood and travertine flooring. Kitchen has Corian counter tops, built-in refrigerator and top or the line stainless steel appliances with plenty of cabinet space and a lovely breakfast nook that comes with a window seat. Low maintenance landscaping with an abundance of luscious trees and shrubbery that have all been recently trimmed. The 13,780 sq. ft. lot has a slope beyond the outdoor patio area that could be partially terraced and turned into a bountiful garden. Backyard opens to a ravine which gives you a vast spacious feeling and it’s wonderful how it receives the morning sun – truly serene. A perfect place to start your morning or to end your day. Just minutes from Dana Point Harbor, beaches, dining, shopping, entertainment, schools and freeway.

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: Dana Point

NeighborhoodNIR Market*CityMarket2010Year20002019300k400k500k600k700k800k900k1000k1100kPrice in $272k1107k

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

Neighborhood: Dana Point

NeighborhoodNIR Market*CityMarket2010Year2000 Q22019 Q2200022002400260028003000320034003600380040004200Rent in $19814202

* 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
John S. Malcom Elementary School Primary Regular 709 21 9
Marco Forster Middle School Middle Regular 1,360 56 6
Dana Hills High School High Regular 2,716 97 9

John S. Malcom Elementary School

  • Education Level: Primary
  • # of students: 709
  • # of teachers: 21
9
GreatSchools Rating

Marco Forster Middle School

  • Education Level: Middle
  • # of students: 1,360
  • # of teachers: 56
6
GreatSchools Rating

Dana Hills High School

  • Education Level: High
  • # of students: 2,716
  • # of teachers: 97
9
GreatSchools Rating
 

$1,080,000$1,320,000$1,200,000

PURCHASE PRICE

$3,834$4,686$4,260

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $4,260
EXPENSES Loan Payment -$4,427
Property Tax -$1,240
Property Insurance -$86
Property Management Fees -$209
CASH FLOW
-$1,702

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.

$1,200,000

PROJECTED PRICE

$4,260

PROJECTED RENT

0.36%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.08%
Appreciation Year (1-5) 6.6%
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-$20k-$10k$0.0$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$323,750

INVESTMENT

$323,750

Down Payment
$300,000
Rehab Estimate
$5,750
Closing Costs
$18,000

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$4,427

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $300,000
Loan Amount $900,000
See What Happens When You Reinvest Cash Flow

0.25

YEARS SAVED

$386

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $4,260

    LIST RENT
  • $1.74

    LIST RENT PER SQFT
  • $4,462

    COMP ESTIMATED VALUE
  • $1.82

    COMP AVG. RENT PER SQFT
Comps Range
$4,100
1$4,1002$4,2603$4,3254$4,5005$4,800
$4,800
RENT COMPS ANALYSIS
  • 32826 Leah Drive Dana Point, CA 2
    • 4 beds 2 baths ∙ 2,455 Sqft ∙ Built 1984 4 beds 2 baths ∙ 2,455 Sqft ∙ Built 1984
    • Rent
    • Rent Per SQFT
    •  
    • $4,260
    • $1.74
    •  
  • 32801 Matthew Drive Dana Point, CA 1
    • 4 beds 3 baths ∙ 2,455 Sqft ∙ Built 1985 4 beds 3 baths ∙ 2,455 Sqft ∙ Built 1985
    LEASED 07/18/20
    • Rent
    • Rent Per SQFT
    •  
    • $4,100
    • $1.67
    •  
  • 24065 Atun Dana Point, CA 3
    • 4 beds 3 baths ∙ 2,273 Sqft ∙ Built 1996 4 beds 3 baths ∙ 2,273 Sqft ∙ Built 1996
    LEASED 04/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $4,325
    • $1.90
    •  
  • 24911 Sea Aire Dana Point, CA 4
    • 4 beds 3 baths ∙ 2,518 Sqft ∙ Built 1991 4 beds 3 baths ∙ 2,518 Sqft ∙ Built 1991
    LEASED 02/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $4,500
    • $1.79
    •  
  • 24681 Benjamin Circle Dana Point, CA 5
    • 4 beds 4 baths ∙ 2,517 Sqft ∙ Built 1983 4 beds 4 baths ∙ 2,517 Sqft ∙ Built 1983
    LEASED 05/29/20
    • Rent
    • Rent Per SQFT
    •  
    • $4,800
    • $1.91
    •  
PROPERTY LISTING DETAILS
Simone Moore
First Team Estates
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: LG20201436
Last Updated: 11/25/2020
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