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

40599 La Salle Place Murrieta, CA 92563

3 Beds 3 Baths 2,099 sqft Built 2005

$467,000

List Price

$2,240

$2K - $2.5K

Rent Est.

PROPERTY INFO

February 05, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2005
  • Price/Sqft : $222.49
  • 6 Days on Market
  • MLS # : SW21022125
  • Updated Date : 02/06/2021 at 09:12
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,099 sqft
  • Baths : 2 full , 1 half
Listing Agent

Big Block Realty

Listing Agent's Description

Welcome to 40599 La Salle Place located in the desirable Jackson Crossing Community. This lovely two story home features 3bd, 2.5ba, 2099 Sq Ft and a loft (4th bedroom builder option). The exterior/interior has recently been painted and there are new window blinds throughout. There is a lovely formal living room upon entry and powder bathroom. The kitchen has been remodeled with beautiful granite counters, upgraded cabinetry and black appliances, pantry and built-in buffet also with granite counters. The kitchen opens to the dining area and family room. Laundry room is located downstairs off the kitchen with direct access to the two car garage. Upstairs you will find the master suite with private deck, dual sinks, separate jacuzzi tub and shower and two walk-in closet with built-in's. Two more guest bedrooms, guest bathroom and loft that could easily be converted into a 4th bedroom. Good size backyard and you will love that the home is conveniently located across the street from a walking path which leads to community park, playground and pool/spa. The Jackson Crossing Community is within walking distance to Murrieta Plaza, shopping, restaurants, minutes from Temecula and within close proximity to 215 and 15 freeways. Professional video and photos coming soon.

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • Southern California area contributes to 55.3% of California state economy i.e. Gross State Product (USMayors.org, 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)
  • 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]
  • 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, Inland Empire market inherits all the benefits from the area.

PRICE & RENT TRENDS

Zip Code: 92563

ZipNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450k500k550kPrice in $149k584k

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

Zip Code: 92563

ZipNIR Market*CityMarket2010Year2000 Q22019 Q211001200130014001500160017001800190020002100220023002400Rent in $10822496

* 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
Alta Murrieta Elementary School Primary Regular 769 28 8
Warm Springs Middle School Middle Regular 891 31 6
Vista Murrieta High School High Regular 3,456 132 8

Alta Murrieta Elementary School

  • Education Level: Primary
  • # of students: 769
  • # of teachers: 28
8
GreatSchools Rating

Warm Springs Middle School

  • Education Level: Middle
  • # of students: 891
  • # of teachers: 31
6
GreatSchools Rating

Vista Murrieta High School

  • Education Level: High
  • # of students: 3,456
  • # of teachers: 132
8
GreatSchools Rating
 

$420,300$513,700$467,000

PURCHASE PRICE

$2,016$2,464$2,240

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,240
EXPENSES Loan Payment -$1,622
Property Tax -$501
Property Insurance -$78
HOA -$125
Property Management Fees -$132
CASH FLOW
-$218

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.

$467,000

PROJECTED PRICE

$2,240

PROJECTED RENT

0.48%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.95%
Appreciation Year (1-5) 7.2%
Maintenance Year (1-5) 8.00%
Vacancy 5.35%
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-$5.0k$0.0$5.0k$10k$15k

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$129,505

INVESTMENT

$129,505

Down Payment
$116,750
Rehab Estimate
$5,750
Closing Costs
$7,005

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 55% down payment or higher enables the proceeds from the asset to cover all costs.

$1,622

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $116,750
Loan Amount $350,250
See What Happens When You Reinvest Cash Flow

3

YEARS SAVED

$11,266

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,240

    LIST RENT
  • $1.07

    LIST RENT PER SQFT
  • $2,372

    COMP ESTIMATED VALUE
  • $1.13

    COMP AVG. RENT PER SQFT
Comps Range
$2,200
1$2,2002$2,2403$2,3004$2,4005$2,550
$2,550
RENT COMPS ANALYSIS
  • 40599 La Salle Place Murrieta, CA 2
    • 3 beds 3 baths ∙ 2,099 Sqft ∙ Built 2005 3 beds 3 baths ∙ 2,099 Sqft ∙ Built 2005
    • Rent
    • Rent Per SQFT
    •  
    • $2,240
    • $1.07
    •  
  • 40025 Calle Real Murrieta, CA 1
    • 3 beds 3 baths ∙ 1,905 Sqft ∙ Built 2017 3 beds 3 baths ∙ 1,905 Sqft ∙ Built 2017
    LEASED 04/17/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,200
    • $1.15
    •  
  • 40033 Calle Real Murrieta, CA 3
    • 3 beds 3 baths ∙ 2,151 Sqft ∙ Built 2017 3 beds 3 baths ∙ 2,151 Sqft ∙ Built 2017
    LEASED 04/06/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,300
    • $1.07
    •  
  • 26298 Jonah Way Murrieta, CA 4
    • 3 beds 3 baths ∙ 2,208 Sqft ∙ Built 2005 3 beds 3 baths ∙ 2,208 Sqft ∙ Built 2005
    LEASED 07/11/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,400
    • $1.09
    •  
  • 40693 Cartier Street Murrieta, CA 5
    • 3 beds 3 baths ∙ 2,099 Sqft ∙ Built 2005 3 beds 3 baths ∙ 2,099 Sqft ∙ Built 2005
    LEASED 09/16/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,550
    • $1.21
    •  
PROPERTY LISTING DETAILS
Allison Gelbrich
Big Block Realty
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: SW21022125
Last Updated: 02/06/2021
BESbswy