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33014 Christina Drive Dana Point, CA 92629

4 Beds 3 Baths 2,702 sqft Built 1973

$1,025,000

List Price

$4,240

$4K - $4.5K

Rent Est.

PROPERTY INFO

October 30, 2020 RECENTLY ADDED
FACTS
  • Built In 1973
  • Price/Sqft : $379.35
  • 5 Days on Market
  • MLS # : V1-2261
  • Updated Date : 11/02/2020 at 16:07
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,702 sqft
  • Baths : 2 full , 1 half
Listing Agent

Coldwell Banker Realty

Listing Agent's Description

Highly desirable Sea Canyon area! Location, Location and Great Value! A little fabulous, a little fixer! The long time owner has moved closer to family so opportunity knocks to make this spacious cul-de-sac home your own at this awesome price. As you enter thru the private gated front courtyard you'll find a travertine entry which continues thru to the family room and kitchen, tall vaulted ceilings great you in the living room and a dramatic curved stairway beckons you upstairs. This great floorplan has a downstairs bedroom potential and a large upstairs bonus room/bedroom with hardwood floors. The master suite and attached bath features an enormous walk-in closet, and for a total of 3 additional bedrooms, and a hall bath reside upstairs. The kitchen was updated about 12 years ago with light cabinets, granite countertops and stainless appliances; complete with a garden window overlooking the pergola covered patio, newer SPA and lush rear yard. The living room, bedrooms, stairs and hallways have brand new carpeting, there are plantation shutters, most of the windows have been upgraded, the roof was done in the late 90's and the heater has been replaced also! An easy walk to Dana Hills High and just a few blocks to Dana Points fabulous beaches, shopping, restaurants, and Dana Point Harbor and Yacht Club. A model match just a few doors down recently sold for $1.2M. HURRY and see this today!

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: 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
 

$922,500$1,127,500$1,025,000

PURCHASE PRICE

$3,816$4,664$4,240

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $4,240
EXPENSES Loan Payment -$3,782
Property Tax -$1,042
Property Insurance -$92
Property Management Fees -$208
CASH FLOW
-$884

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.

$1,025,000

PROJECTED PRICE

$4,240

PROJECTED RENT

0.41%

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

PROJECTED ANNUAL CASH FLOW

11530-$20k-$10k$0.0$10k$20k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$277,375

INVESTMENT

$277,375

Down Payment
$256,250
Rehab Estimate
$5,750
Closing Costs
$15,375

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 60% down payment or higher enables the proceeds from the asset to cover all costs.

$3,782

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $256,250
Loan Amount $768,750
See What Happens When You Reinvest Cash Flow

1.67

YEARS SAVED

$12,596

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $4,240

    LIST RENT
  • $1.57

    LIST RENT PER SQFT
  • $4,492

    COMP ESTIMATED VALUE
  • $1.66

    COMP AVG. RENT PER SQFT
Comps Range
$4,200
1$4,2002$4,2403$4,4004$4,5005$4,900
$4,900
RENT COMPS ANALYSIS
  • 33014 Christina Drive Dana Point, CA 2
    • 5 beds 3 baths ∙ 2,702 Sqft ∙ Built 1973 5 beds 3 baths ∙ 2,702 Sqft ∙ Built 1973
    • Rent
    • Rent Per SQFT
    •  
    • $4,240
    • $1.57
    •  
  • 32974 Danateak Dana Point, CA 1
    • 5 beds 3 baths ∙ 2,547 Sqft ∙ Built 1986 5 beds 3 baths ∙ 2,547 Sqft ∙ Built 1986
    LEASED 08/21/20
    • Rent
    • Rent Per SQFT
    •  
    • $4,200
    • $1.65
    •  
  • 33069 Elisa Drive Dana Point, CA 3
    • 5 beds 3 baths ∙ 2,702 Sqft ∙ Built 1973 5 beds 3 baths ∙ 2,702 Sqft ∙ Built 1973
    LEASED 01/29/20
    • Rent
    • Rent Per SQFT
    •  
    • $4,400
    • $1.63
    •  
  • 23942 Caravel Place Laguna Niguel, CA 4
    • 4 beds 3 baths ∙ 2,724 Sqft ∙ Built 1987 4 beds 3 baths ∙ 2,724 Sqft ∙ Built 1987
    LEASED 01/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $4,500
    • $1.65
    •  
  • 32961 Buccaneer Street Dana Point, CA 5
    • 4 beds 3 baths ∙ 2,846 Sqft ∙ Built 1974 4 beds 3 baths ∙ 2,846 Sqft ∙ Built 1974
    LEASED 10/29/20
    • Rent
    • Rent Per SQFT
    •  
    • $4,900
    • $1.72
    •  
PROPERTY LISTING DETAILS
Laurie Rutledge
Coldwell Banker Realty
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: V1-2261
Last Updated: 11/02/2020
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