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5370 Punta Alta #2E Laguna Woods, CA 92637

3 Beds 2 Baths 1,627 sqft Built 1973

$539,500

List Price

$2,450

$2.2K - $2.7K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 04, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1973
  • Price/Sqft : $331.59
  • 4 Days on Market
  • MLS # : OC21045194
  • Updated Date : 03/04/2021 at 12:50
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,627 sqft
  • Baths : 2 full
Listing Agent

Laguna Premier Realty Inc.

Listing Agent's Description

Beautifully Remodeled 3 bedroom home in a preferred location overlooking lush landscape. Stunning residence showcases a meticulously organized use of space to create an Impression of simplicity. Smooth ceilings with custom designer paint selections creates a versatile living & dining area with crown molding, rich wood flooring, central heat & air. Attention to every detail with organized closets with cedar lining. Classically designed shoji screens allows natural light to steam in. Great room flows effortlessly into the elegantly remodeled kitchen which features top-of-the-line stainless steel appliances, granite countertops, tile accents & illuminated by recessed lighting. Generous kitchen nook offers abundant storage and a place to enjoy a meal. Beautifully designed with lovely elements in neutral materials showcase this home is complete with plantation shutters and dual pane windows & doors. Elegantly remodeled bathrooms offer luxurious spa appeal with first class finishes. A wonderful place to enjoy views, share a meal or simply enjoy a book in your private glass enclosed patio. Conveniently located near executive Par3 golf course, sparkling pools and an easy entrée to Laguna Woods vast array of private amenities. Add all this to the amenities offered by Laguna Woods Village and you have a winning combination. Enjoy 27 holes of golf, club houses, pools, tennis, gyms, 250 clubs! Orange county boasts of world class shops, restaurants, theaters and glorious beaches.

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • 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)

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
 

$485,550$593,450$539,500

PURCHASE PRICE

$2,205$2,695$2,450

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,450
EXPENSES Loan Payment -$1,874
Property Tax -$465
Property Insurance -$66
HOA -$650
Property Management Fees -$120
CASH FLOW
-$725

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.

$539,500

PROJECTED PRICE

$2,450

PROJECTED RENT

0.45%

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$1.6M

PROJECTED ANNUAL CASH FLOW

11530-$15k-$10k-$5.0k$0.0$5.0k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M$1.6M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$148,718

INVESTMENT

$148,718

Down Payment
$134,875
Rehab Estimate
$5,750
Closing Costs
$8,093

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 75% down payment or higher enables the proceeds from the asset to cover all costs.

$1,874

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $134,875
Loan Amount $404,625
See What Happens When You Reinvest Cash Flow

0.17

YEARS SAVED

$69

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,450

    LIST RENT
  • $1.51

    LIST RENT PER SQFT
  • $2,774

    COMP ESTIMATED VALUE
  • $1.7

    COMP AVG. RENT PER SQFT
Comps Range
$2,200
1$2,2002$2,3003$2,4504$2,6005$3,000
$3,000
RENT COMPS ANALYSIS
  • 5370 Punta Alta Laguna Woods, CA 3
    • 3 beds 2 baths ∙ 1,627 Sqft ∙ Built 1973 3 beds 2 baths ∙ 1,627 Sqft ∙ Built 1973
    • Rent
    • Rent Per SQFT
    •  
    • $2,450
    • $1.51
    •  
  • 3364 Punta Alta Laguna Woods, CA 1
    • 3 beds 2 baths ∙ 1,360 Sqft ∙ Built 1973 3 beds 2 baths ∙ 1,360 Sqft ∙ Built 1973
    LEASED 10/12/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,200
    • $1.62
    •  
  • 4014 Calle Sonora Oeste Laguna Woods, CA 2
    • 3 beds 2 baths ∙ 1,334 Sqft ∙ Built 1977 3 beds 2 baths ∙ 1,334 Sqft ∙ Built 1977
    LEASED 06/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,300
    • $1.72
    •  
  • 5370 Punta Alta Laguna Woods, CA 4
    • 3 beds 2 baths ∙ 1,627 Sqft ∙ Built 1973 3 beds 2 baths ∙ 1,627 Sqft ∙ Built 1973
    LEASED 05/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,600
    • $1.60
    •  
  • 5239 Elvira Laguna Woods, CA 5
    • 3 beds 2 baths ∙ 1,592 Sqft ∙ Built 1973 3 beds 2 baths ∙ 1,592 Sqft ∙ Built 1973
    LEASED 03/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,000
    • $1.88
    •  
PROPERTY LISTING DETAILS
Lisa Post-letourneau
Laguna Premier Realty Inc.
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: OC21045194
Last Updated: 03/04/2021
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