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PROPERTY INFO
FACTS
- Single Family
- Built In 2004
- Price/Sqft : $440.77
- 5 Days on Market
- MLS # : OC20261558
- Updated Date : 12/26/2020 at 10:26
CONSTRUCTION
- Beds : 4
- Floor Size : 2,448 sqft
- Baths : 3 full
Listing Agent
Pacific Sotheby's Int'l Realty
Listing Agent's Description
Genuinely classic elegance in this former model home imbues this richly upgraded San Clemente residence with refined luxury at San Lucar in Talega. Framed by the beautiful hillsides in Talega, this lovely San Lucar residence is a fantastic opportunity for a young couple or new family. When you walk in you'll be greeted by custom millwork, featuring dark-stained crown and base molding, window trim, ceiling beams, plantation shutters and staircase adornments, combined with a bright white color scheme and wide-plank hardwood flooring throughout the home, enriching a formal living room and a formal dining room with stone accent walls and French doors opening to the backyard. This inviting space flows freely to a chef’s kitchen with an island/breakfast bar, and stainless-steel Thermador appliances including a built-in refrigerator. The second level reveals wide-plank hardwood flooring and a bonus area with built-in desk. Retreat to an opulent master suite with custom built-ins, separate vanities with lighted mirrors, a walk-in closet, a large tub and a separate custom built, glass-enclosed shower. This former model is graced with a front porch, two-car attached garage and a backyard everyone can enjoy with synthetic grass, gazebo with swing, and of course, enviable privacy. Local amenities include the Swim and Athletic club, an award-winning golf course and miles of hiking and biking trails.
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MARKET HIGHLIGHTS
- 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.
- Southern California area contributes to 55.3% of California state economy i.e. Gross State Product (USMayors.org, 2018)
PRICE & RENT TRENDS
Neighborhood: San Clemente
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: San Clemente
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $4,500 |
| EXPENSES | Loan Payment | -$3,981 |
| Property Tax | -$913 | |
| Property Insurance | -$86 | |
| HOA | -$215 | |
| Property Management Fees | -$221 | |
|
CASH FLOW
-$916
|
||
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.
$1,079,000
PROJECTED PRICE
$4,500
PROJECTED RENT
0.42%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 4.08% |
| Appreciation Year (1-5) | 5.0% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 5.81% |
| Length of Stay Years | 2 |
PROJECTED ACCUMULATED WEALTH
30 YEAR PROJECTION
- Cash Flow
- Appreciation
- Principal
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$291,685
LOAN DETAILS
$3,981
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $269,750 |
| Loan Amount | $809,250 |
1.67
YEARS SAVED
$13,881
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$4,500
LIST RENT -
$1.84
LIST RENT PER SQFT
-
$4,553
COMP ESTIMATED VALUE -
$1.86
COMP AVG. RENT PER SQFT
Comps Range
-
5 Via Abajar San Clemente, CA 2
- 4 beds 3 baths ∙ 2,448 Sqft ∙ Built 2004 4 beds 3 baths ∙ 2,448 Sqft ∙ Built 2004
![property image]()
- Rent
- Rent Per SQFT
- $4,500
- $1.84
-
12 Via Ceramica San Clemente, CA 1
- 4 beds 3 baths ∙ 2,478 Sqft ∙ Built 2004 4 beds 3 baths ∙ 2,478 Sqft ∙ Built 2004
![property image]()
LEASED 08/19/20- Rent
- Rent Per SQFT
- $4,500
- $1.82
-
104 Avenida Dominguez San Clemente, CA 3
- 4 beds 4 baths ∙ 2,341 Sqft ∙ Built 2020 4 beds 4 baths ∙ 2,341 Sqft ∙ Built 2020
![property image]()
LEASED 08/06/20- Rent
- Rent Per SQFT
- $4,595
- $1.96
-
10 Via Abajar San Clemente, CA 4
- 4 beds 3 baths ∙ 2,615 Sqft ∙ Built 2003 4 beds 3 baths ∙ 2,615 Sqft ∙ Built 2003
![property image]()
LEASED 08/26/20- Rent
- Rent Per SQFT
- $4,700
- $1.80
PROPERTY LISTING DETAILS
Pacific Sotheby's Int'l Realty
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
MLS #: OC20261558
Last Updated: 12/26/2020
