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1006 S 26th Street San Diego, CA 92113

3 Beds 1 Baths 900 sqft Built 1930

$535,000

List Price

$1,770

$1.6K - $1.9K

Rent Est.

PROPERTY INFO

December 02, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1930
  • Price/Sqft : $594.44
  • 5 Days on Market
  • MLS # : 200053034
  • Updated Date : 12/02/2020 at 22:45
CONSTRUCTION
  • Beds : 3
  • Floor Size : 900 sqft
  • Baths : 1 full
Listing Agent

Valle De Oro Financial Service

Listing Agent's Description

This home has been featured on Channel 8 News and the Union Tribune as a Chicano Park Revival Project! This home is picture perfect and no detail has been overlooked! Property features Fishscale siding, Handmade Chippendale Railing, Hand painted mural fence gate, Custom Arbor, Diamond style fencing with Boxwood vines, Custom Built-in Daybed with Bookcase, Fold-Down tabletop desks, wireless light switches, pop-up floor outlets, Custom made backyard bench and flower box wall, and the list goes on and on!

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • As part of Southern California area, San Diego 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 has 58.7% labor force participation rate; within this area, Los Angeles metro has 62.3% labor force participation rate (USMayors.org, 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)
  • 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: Barrio Logan

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450k500k550k600kPrice in $133k621k

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

Neighborhood: Barrio Logan

NeighborhoodNIR Market*CityMarket2010Year2000 Q42019 Q2120014001600180020002200240026002800Rent in $10382982

* 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
Logan Elementary School Primary Regular 637 27 4
Logan Elementary School Middle Regular 637 27 4
San Diego High School High Unknown NA

Logan Elementary School

  • Education Level: Primary
  • # of students: 637
  • # of teachers: 27
4
GreatSchools Rating

Logan Elementary School

  • Education Level: Middle
  • # of students: 637
  • # of teachers: 27
4
GreatSchools Rating

San Diego High School

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

$481,500$588,500$535,000

PURCHASE PRICE

$1,593$1,947$1,770

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,770
EXPENSES Loan Payment -$1,974
Property Tax -$520
Property Insurance -$50
Property Management Fees -$129
CASH FLOW
-$902

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 12% of earned rent to cover both maintenance and periods of vacancy.

$535,000

PROJECTED PRICE

$1,770

PROJECTED RENT

0.33%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.15%
Appreciation Year (1-5) 12.1%
Maintenance Year (1-5) 8.00%
Vacancy 4.16%
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

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$147,525

INVESTMENT

$147,525

Down Payment
$133,750
Rehab Estimate
$5,750
Closing Costs
$8,025

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,974

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $133,750
Loan Amount $401,250
See What Happens When You Reinvest Cash Flow

0.17

YEARS SAVED

$103

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,770

    LIST RENT
  • $1.97

    LIST RENT PER SQFT
  • $1,661

    COMP ESTIMATED VALUE
  • $1.85

    COMP AVG. RENT PER SQFT
Comps Range
$1,770
1$1,7702$1,8003$2,395
$2,395
RENT COMPS ANALYSIS
  • 1006 S 26th Street San Diego, CA 1
    • 3 beds 1 baths ∙ 900 Sqft ∙ Built 1930 3 beds 1 baths ∙ 900 Sqft ∙ Built 1930
    • Rent
    • Rent Per SQFT
    •  
    • $1,770
    • $1.97
    •  
  • 2735 L St San Diego, CA 2
    • 3 beds 2 baths ∙ 1,063 Sqft ∙ Built 1923 3 beds 2 baths ∙ 1,063 Sqft ∙ Built 1923
    LEASED 07/29/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,800
    • $1.69
    •  
  • 3820 Gamma St San Diego, CA 3
    • 3 beds 2 baths ∙ 1,200 Sqft ∙ Built 1930 3 beds 2 baths ∙ 1,200 Sqft ∙ Built 1930
    LEASED 03/27/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,395
    • $2.00
    •  
PROPERTY LISTING DETAILS
Pamela Macias
1.619.243.6622
Valle De Oro Financial Service
BESbswy