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3365 Punta Alta 1g Laguna Woods, CA 92637

3 Beds 2 Baths 1,360 sqft Built 1973

$459,000

List Price

$2,480

$2.2K - $2.7K

Rent Est.

$127,385

Investment Est.

PROPERTY INFO

SINGLE-FAMILY
March 14, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1973
  • Price/Sqft : $337.50
  • 2 Days on Market
  • MLS # : PW21053238
  • Updated Date : 03/13/2021 at 16:58
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,360 sqft
  • Baths : 2 full
Listing Agent

Gspre

Listing Agent's Description

Stunning VIEW , First Floor End Unit, NO STEPS Spacious 3bed , 2Bath remodeled CONDO. Patio opens to a large greenery with a full view . Entrance through Gate 9 Or 10. New Stainless Steel appliances , Smooth Ceilings with Recessed Lights in every room. New flooring, each bedroom with individually controlled heating system. Minutes from the beautiful Laguna Beach and Pacific Ocean. Private Bus system is provided throughput the village and to nearby shopping, banks, restaurants,and medical facilities. . Laguna Woods is 55 & older community with fourteen guarded gates with a private security department that provides patrol service and gate control 24 hours a day. Recreation opportunities include five swimming pools with four hot pools, a 27-hole PGA rated golf course and a 3 par 9 hole executive course, three fitness centers, ten tennis courts, horse stables, four paddle tennis courts, pickleball courts, bocce courts, seven clubhouses, the arts & crafts clubhouse includes slip casting, pottery, sculpture, lapidary, stained glass, sewing, quilting, jewelry, glass enamel on copper, wood shop, machine shop, art studio and photography, lawn bowling courts, shuffleboard courts, ping-pong tables, pool tables, indoor archery and other amenities. . There are over 250 official clubs in LW Village. Dozens of classes and activities are organized by the community’s recreation department. In addition, nearby Saddleback College offers over 200 emeritus classes within LW Village.

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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: Laguna Woods

NeighborhoodNIR Market*CityMarket2010Year20002019200k250k300k350k400k450k500k550k600k650k700kPrice in $157k742k

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

Neighborhood: Laguna Woods

NeighborhoodNIR Market*CityMarket2010Year2000 Q22019 Q212001400160018002000220024002600280030003200Rent in $11333345

* 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
Los Alisos Intermediate School Middle Magnet 948 39 6
Laguna Hills High School High Magnet 1,642 64 8

Los Alisos Intermediate School

  • Education Level: Middle
  • # of students: 948
  • # of teachers: 39
6
GreatSchools Rating

Laguna Hills High School

  • Education Level: High
  • # of students: 1,642
  • # of teachers: 64
8
GreatSchools Rating
 

FINANCIALS

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$413,100$504,900$459,000

PURCHASE PRICE

$2,232$2,728$2,480

RENT

DOWN PAYMENT
FINANCING
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FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,480
EXPENSES Loan Payment -$1,594
Property Tax -$421
Property Insurance -$60
HOA -$669
Property Management Fees -$122
CASH FLOW
-$386

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 13% of earned rent to cover both maintenance and periods of vacancy.

$459,000

PROJECTED PRICE

$2,480

PROJECTED RENT

0.54%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.24%
Appreciation Year (1-5) 7.6%
Maintenance Year (1-5) 8.00%
Vacancy 5.38%
Length of Stay Years 2

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow

  • Appreciation

  • Principal
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M

PROJECTED ANNUAL CASH FLOW

11530-$10k-$8.0k-$6.0k-$4.0k-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation

  • Principal

  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$127,385

INVESTMENT

$127,385

Down Payment		 $114,750
Rehab Estimate		 $5,750
Closing Costs		 $6,885

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,594

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $114,750
Loan Amount $344,250
See What Happens When You Reinvest Cash Flow

1.17

YEARS SAVED

$2,432

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,480

    LIST RENT

  • $1.82

    LIST RENT PER SQFT

  • $2,638

    COMP ESTIMATED VALUE

  • $1.94

    COMP AVG. RENT PER SQFT
Comps Range
$2,200
1$2,2002$2,3003$2,4804$2,5005$2,800
$2,800
RENT COMPS ANALYSIS
  • 3365 Punta Alta 1g Laguna Woods, CA 3
    • 3 beds 2 baths ∙ 1,360 Sqft ∙ Built 1973 3 beds 2 baths ∙ 1,360 Sqft ∙ Built 1973
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,480
    • $1.82
    •  
  • 3081 Via Serena S Laguna Woods, CA 1
    • 3 beds 2 baths ∙ 1,181 Sqft ∙ Built 1971 3 beds 2 baths ∙ 1,181 Sqft ∙ Built 1971
    property image
    LEASED 03/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,200
    • $1.86
    •  
  • 3117 Via Serena S Laguna Woods, CA 2
    • 3 beds 2 baths ∙ 1,181 Sqft ∙ Built 1972 3 beds 2 baths ∙ 1,181 Sqft ∙ Built 1972
    property image
    LEASED 03/01/21
    • Rent
    • Rent Per SQFT
    •  
    • $2,300
    • $1.95
    •  
  • 5336 Bahia Blanca W Laguna Woods, CA 4
    • 3 beds 2 baths ∙ 1,264 Sqft ∙ Built 1973 3 beds 2 baths ∙ 1,264 Sqft ∙ Built 1973
    property image
    LEASED 06/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $1.98
    •  
  • 5476 Paseo Del Lago E Laguna Woods, CA 5
    • 3 beds 2 baths ∙ 1,424 Sqft ∙ Built 1977 3 beds 2 baths ∙ 1,424 Sqft ∙ Built 1977
    property image
    LEASED 06/27/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,800
    • $1.97
    •  
PROPERTY LISTING DETAILS
LISTING AGENT
Amena Yunus
Gspre
BUYER AGENT
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
SOURCE
California Regional Multiple Listing Service ( CRMLS)
MLS #: PW21053238
Last Updated: 03/13/2021

All returns, cash flow, and appreciation estimates are projections. Please review our Disclaimer for more information.

All values are rounded to the nearest dollar.
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