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

58 Acacia Tree Lane Irvine, CA 92612

4 Beds 3 Baths 2,155 sqft Built 1969

$899,000

List Price

$3,750

$3.5K - $4K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 20, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1969
  • Price/Sqft : $417.17
  • 3 Days on Market
  • MLS # : OC21055381
  • Updated Date : 03/19/2021 at 19:22
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,155 sqft
  • Baths : 2 full , 1 half
Listing Agent

Realty One Group West

Listing Agent's Description

Excellent location on cul-de-sac in interior of University Park's beautiful Village 3 community! Wonderful opportunity to own spacious 4 bedroom home with open floorplan & 2-car garage that you can make your own. Dual pane windows throughout, tile flooring in kitchen and bathrooms, and laminate flooring in the rest of the home. Large private back patio with pergola has gate that opens to grass and tree lined path leading to expansive greenbelts with playground, walking paths, pools, tennis courts, and sand volleyball court. Living room with fireplace and dining room each have their own sliding glass doors that open directly to back patio and let in lots of natural light. The kitchen off the dining room has windows looking out to the front courtyard. Tranquil views of trees and grass from the huge front bedroom, back master bedroom with cathedral ceiling & dual closet organizers, and other back bedroom. Both back bedrooms overlook the back patio and the path to the gigantic greenbelt. Close to UCI, William Mason Park, tennis, shopping, restaurants, entertainment and only minutes away from John Wayne Airport and the Beach. In acclaimed Irvine Unified School District with University High. Do not miss this opportunity! See 3D Virtual Walkthrough: https://my.matterport.com/show/?m=mYonrW9dGtb&mls=1

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: Village Park

NeighborhoodNIR Market*CityMarket2010Year20002019300k350k400k450k500k550k600k650k700k750k800k850k900kPrice in $272k943k

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

Neighborhood: Village Park

NeighborhoodNIR Market*CityMarket2010Year2000 Q22019 Q22000220024002600280030003200340036003800Rent in $19813818

* 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
Rancho San Joaquin Middle School Middle Regular 856 24 9
University High School High Regular 2,527 84 10
Rancho San Joaquin Middle School Middle Unknown NA

Rancho San Joaquin Middle School

  • Education Level: Middle
  • # of students: 856
  • # of teachers: 24
9
GreatSchools Rating

University High School

  • Education Level: High
  • # of students: 2,527
  • # of teachers: 84
10
GreatSchools Rating

Rancho San Joaquin Middle School

  • Education Level: Middle
  • # of students:
  • # of teachers:
NA
GreatSchools Rating
 

$809,100$988,900$899,000

PURCHASE PRICE

$3,375$4,125$3,750

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,750
EXPENSES Loan Payment -$3,123
Property Tax -$802
Property Insurance -$79
HOA -$264
Property Management Fees -$184
CASH FLOW
-$701

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.

$899,000

PROJECTED PRICE

$3,750

PROJECTED RENT

0.42%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.08%
Appreciation Year (1-5) 3.9%
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

PROJECTED ANNUAL CASH FLOW

11530-$15k-$10k-$5.0k$0.0$5.0k$10k$15k$20k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$500k$1.0M$1.5M$2.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$243,985

INVESTMENT

$243,985

Down Payment
$224,750
Rehab Estimate
$5,750
Closing Costs
$13,485

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 60% down payment or higher enables the proceeds from the asset to cover all costs.

$3,123

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $224,750
Loan Amount $674,250
See What Happens When You Reinvest Cash Flow

1.58

YEARS SAVED

$9,224

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,750

    LIST RENT
  • $1.74

    LIST RENT PER SQFT
  • $3,701

    COMP ESTIMATED VALUE
  • $1.72

    COMP AVG. RENT PER SQFT
Comps Range
$3,300
1$3,3002$3,4003$3,5254$3,7005$3,750
$3,750
RENT COMPS ANALYSIS
  • 58 Acacia Tree Lane Irvine, CA 5
    • 4 beds 3 baths ∙ 2,155 Sqft ∙ Built 1969 4 beds 3 baths ∙ 2,155 Sqft ∙ Built 1969
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $3,750
    • $1.74
    •  
  • 70 Oak Tree Lane Irvine, CA 1
    • 3 beds 3 baths ∙ 1,960 Sqft ∙ Built 1969 3 beds 3 baths ∙ 1,960 Sqft ∙ Built 1969
    property image
    LEASED 09/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,300
    • $1.68
    •  
  • 45 Redwood Tree Lane Irvine, CA 2
    • 3 beds 3 baths ∙ 1,960 Sqft ∙ Built 1969 3 beds 3 baths ∙ 1,960 Sqft ∙ Built 1969
    property image
    LEASED 11/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,400
    • $1.73
    •  
  • 25 Acacia Tree Lane Irvine, CA 3
    • 3 beds 3 baths ∙ 1,990 Sqft ∙ Built 1969 3 beds 3 baths ∙ 1,990 Sqft ∙ Built 1969
    property image
    LEASED 08/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,525
    • $1.77
    •  
  • 34 Redwood Tree Lane Irvine, CA 4
    • 4 beds 3 baths ∙ 2,194 Sqft ∙ Built 1969 4 beds 3 baths ∙ 2,194 Sqft ∙ Built 1969
    property image
    LEASED 08/05/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,700
    • $1.69
    •  
PROPERTY LISTING DETAILS
Thomas Grimes
Realty One Group West
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: OC21055381
Last Updated: 03/19/2021
BESbswy