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721 Calle Divino San Clemente, CA 92673

3 Beds 3 Baths 1,270 sqft Built 1973

$799,000

List Price

$3,010

$2.8K - $3.3K

Rent Est.

PROPERTY INFO

FACTS
  • Single Family
  • Built In 1973
  • Price/Sqft : $629.13
  • 22 Days on Market
  • MLS # : OC20244935
  • Updated Date : 12/08/2020 at 11:56
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,270 sqft
  • Baths : 2 full , 1 half
Listing Agent

Casa Blanca Realty

Listing Agent's Description

HUGE PRICE REDUCTION!!!! AS-IS Private Corner unit offering beautiful OCEAN VIEWS, Sunsets and breezes. Great outdoor space offering Entertainment view deck, along with private entry courtyard and enclosed backyard area. Upgraded flooring and lighting. This condo has 3 bedrooms 2 1/2 bathrooms, No one above you or below you. Has large oversized two car garage with entry to the private courtyard. Low monthly association dues with roof maintenance and basic cable package, two pools and 9 hole putting green, basketball courts and clubhouse. Walk to TRADER JOEs, and many other shopping and restaurants. Close to freeway access and schools. Don't miss this opportunity to buy in beautiful San Clemente with Amazing Ocean View.

SEE MORE

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

NeighborhoodNIR Market*CityMarket2010Year20002019300k400k500k600k700k800k900k1000kPrice in $272k1085k

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

Neighborhood: San Clemente

NeighborhoodNIR Market*CityMarket2010Year2000 Q22019 Q220002200240026002800300032003400360038004000Rent in $19814177

* 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
Palisades Elementary School Primary Regular 519 19 5
Shorecliffs Middle School Middle Regular 1,021 39 7
San Juan Hills High School High Regular 2,391 86 9

Palisades Elementary School

  • Education Level: Primary
  • # of students: 519
  • # of teachers: 19
5
GreatSchools Rating

Shorecliffs Middle School

  • Education Level: Middle
  • # of students: 1,021
  • # of teachers: 39
7
GreatSchools Rating

San Juan Hills High School

  • Education Level: High
  • # of students: 2,391
  • # of teachers: 86
9
GreatSchools Rating
 

$719,100$878,900$799,000

PURCHASE PRICE

$2,709$3,311$3,010

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,010
EXPENSES Loan Payment -$2,948
Property Tax -$676
Property Insurance -$58
HOA -$285
Property Management Fees -$147
CASH FLOW
-$1,104

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.

$799,000

PROJECTED PRICE

$3,010

PROJECTED RENT

0.38%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

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
11530$0.0$500k$1.0M$1.5M$2.0M

PROJECTED ANNUAL CASH FLOW

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

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$217,485

INVESTMENT

$217,485

Down Payment
$199,750
Rehab Estimate
$5,750
Closing Costs
$11,985

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 70% down payment or higher enables the proceeds from the asset to cover all costs.

$2,948

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $199,750
Loan Amount $599,250
See What Happens When You Reinvest Cash Flow

0.25

YEARS SAVED

$298

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,010

    LIST RENT
  • $2.37

    LIST RENT PER SQFT
  • $2,565

    COMP ESTIMATED VALUE
  • $2.02

    COMP AVG. RENT PER SQFT
Comps Range
$2,995
1$2,9952$3,0003$3,0104$3,1505$3,200
$3,200
RENT COMPS ANALYSIS
  • 721 Calle Divino San Clemente, CA 3
    • 3 beds 3 baths ∙ 1,270 Sqft ∙ Built 1973 3 beds 3 baths ∙ 1,270 Sqft ∙ Built 1973
    • Rent
    • Rent Per SQFT
    •  
    • $3,010
    • $2.37
    •  
  • 34601 Calle Monte Dana Point, CA 1
    • 3 beds 2 baths ∙ 1,480 Sqft ∙ Built 1970 3 beds 2 baths ∙ 1,480 Sqft ∙ Built 1970
    LEASED 11/18/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,995
    • $2.02
    •  
  • 3805 Calle La Quinta San Clemente, CA 2
    • 3 beds 3 baths ∙ 1,484 Sqft ∙ Built 1975 3 beds 3 baths ∙ 1,484 Sqft ∙ Built 1975
    LEASED 01/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,000
    • $2.02
    •  
  • 402 Via Pichon San Clemente, CA 4
    • 3 beds 2 baths ∙ 1,526 Sqft ∙ Built 1978 3 beds 2 baths ∙ 1,526 Sqft ∙ Built 1978
    LEASED 08/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,150
    • $2.06
    •  
  • 406 Paseo Ganso San Clemente, CA 5
    • 3 beds 2 baths ∙ 1,618 Sqft ∙ Built 1976 3 beds 2 baths ∙ 1,618 Sqft ∙ Built 1976
    LEASED 09/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,200
    • $1.98
    •  
PROPERTY LISTING DETAILS
Jody Saunders
Casa Blanca Realty
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: OC20244935
Last Updated: 12/08/2020
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