Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more

33301 Big Sur Street Dana Point, CA 92629

4 Beds 2 Baths 2,201 sqft Built 1964

$1,199,500

List Price

$4,130

$3.9K - $4.4K

Rent Est.

PROPERTY INFO

December 20, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1964
  • Price/Sqft : $544.98
  • 2 Days on Market
  • MLS # : OC20260534
  • Updated Date : 12/19/2020 at 20:56
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,201 sqft
  • Baths : 2 full
Listing Agent

Surterre Properties Inc

Listing Agent's Description

Gorgeous single level home in Dana Knolls community situated on 16,100 sqft lot only minutes away from Dana Point Harbor and beaches. The residence encompasses approximately 2,201 square feet of meticulously maintained living space. This exceptional floor plan offers four bedrooms and two baths and separate guest quarters. An expansive Gourmet Kitchen with granite counters, stainless steel appliances and center island. Other fine amenities include stunning bamboo flooring, new bedroom doors, recessed lighting, shiplap wall decor, ceiling fans, fireplace with new mantle, french doors, plantation shutters, Bay window, two car garage and more. Entertainer's backyard with large patio area and custom terraced deck and stone patio area with lush tropical landscape including palm trees and banana trees. Seize this once-in-a-lifetime opportunity, as properties like this rarely hit the market.

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
Del Obispo Elementary School Primary Regular 368 14 5
Marco Forster Middle School Middle Regular 1,360 56 6
Dana Hills High School High Regular 2,716 97 9

Del Obispo Elementary School

  • Education Level: Primary
  • # of students: 368
  • # of teachers: 14
5
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
 

$1,079,550$1,319,450$1,199,500

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 -$4,426
Property Tax -$1,132
Property Insurance -$80
Property Management Fees -$202
CASH FLOW
-$1,711

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.

$1,199,500

PROJECTED PRICE

$4,130

PROJECTED RENT

0.34%

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$323,618

INVESTMENT

$323,618

Down Payment
$299,875
Rehab Estimate
$5,750
Closing Costs
$17,993

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$4,426

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $299,875
Loan Amount $899,625
See What Happens When You Reinvest Cash Flow

0.25

YEARS SAVED

$397

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
  • $1.88

    LIST RENT PER SQFT
  • $4,286

    COMP ESTIMATED VALUE
  • $1.95

    COMP AVG. RENT PER SQFT
Comps Range
$3,750
1$3,7502$4,0003$4,1304$4,4005$4,950
$4,950
RENT COMPS ANALYSIS
  • 33301 Big Sur Street Dana Point, CA 3
    • 4 beds 2 baths ∙ 2,201 Sqft ∙ Built 1964 4 beds 2 baths ∙ 2,201 Sqft ∙ Built 1964
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $4,130
    • $1.88
    •  
  • 25515 Goldenspring Drive Dana Point, CA 1
    • 3 beds 3 baths ∙ 2,085 Sqft ∙ Built 1980 3 beds 3 baths ∙ 2,085 Sqft ∙ Built 1980
    property image
    LEASED 03/05/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,750
    • $1.80
    •  
  • 33101 Sea Lion Drive Dana Point, CA 2
    • 4 beds 3 baths ∙ 2,112 Sqft ∙ Built 1968 4 beds 3 baths ∙ 2,112 Sqft ∙ Built 1968
    property image
    LEASED 12/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $4,000
    • $1.89
    •  
  • 25701 White Sands Street Dana Point, CA 4
    • 4 beds 3 baths ∙ 2,208 Sqft ∙ Built 1984 4 beds 3 baths ∙ 2,208 Sqft ∙ Built 1984
    property image
    LEASED 05/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $4,400
    • $1.99
    •  
  • 34061 Zarzito Dana Point, CA 5
    • 4 beds 3 baths ∙ 2,350 Sqft ∙ Built 1976 4 beds 3 baths ∙ 2,350 Sqft ∙ Built 1976
    property image
    LEASED 07/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $4,950
    • $2.11
    •  
PROPERTY LISTING DETAILS
Brad Trager
Surterre Properties Inc
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: OC20260534
Last Updated: 12/19/2020
BESbswy