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1025 Oakland Ave Menlo Park, CA 94025

3 Beds 1 Baths 1,200 sqft Built 1946

$1,899,000

List Price

$4,530

$4.3K - $4.8K

Rent Est.

PROPERTY INFO

January 12, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1946
  • Price/Sqft : $1,582.50
  • 6 Days on Market
  • MLS # : ML81825413
  • Updated Date : 01/12/2021 at 09:01
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,200 sqft
  • Baths : 1 full
Listing Agent

Sereno Group

Listing Agent's Description

You will be charmed by this home on a peaceful, tree-lined street in a highly desirable Menlo Park neighborhood. Quality finishes dress up this spacious feeling home. The living room has a beautiful fireplace and expansive windows. The master bedroom opens up to a large, well landscaped backyard that boasts beautifully cultivated foliage, privacy and a generous orange tree. The connected and newly poured patio would be great for a BBQ, hot tub and outdoor dining experience. Large quality double pane All-Weather windows keep light pouring into every room. 2018 upgrades included a new A/C, furnace with central heat, water heater and high-end LG washer/dryer. Just 3 blocks away is the 21-acre Flood. You will be delighted with this home and its exceptional schools for decades. However, if you feel the need to expand, the city approved plans in 2018 for a brand new single story 2400sf house. Homeowners take great pride in their homes on Oakland Avenue and you will too.

SEE MORE

MARKET HIGHLIGHTS

  • Palo Alto, Redwood City, Mountain View and San Mateo together attracted around $11 billion in venture capital funding in 2019 making Silicon Valley still attractive to technology investments (Crunchbase News, 2020)
  • San Jose metro has 67.6% labor force participation rate higher than the national rate 62.8% (USMayors.org, 2018)
  • San Jose metro's economy has been worth $282.2 billion in Gross Metro Product (GMP) in 2018 and is projected to grow to $298.6 billion in 2019. GMP measures the productivity of the metro. (USMayors.org, 2018)
  • San Jose metro employment growth has been at 2.2% in 2018 and predicted to grow at 1.9% in 2019 (USMayors.org, 2018)
  • San Jose metro contributes to 9% of California state's economy i.e. Gross State Product (USMayors.org, 2018)

PRICE & RENT TRENDS

Neighborhood: Flood Park Triangle

NeighborhoodNIR Market*CityMarket2010Year20002019600k800k1000k1200k1400k1600k1800k2000kPrice in $450k2199k

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

Neighborhood: Flood Park Triangle

NeighborhoodNIR Market*CityMarket2010Year2000 Q32019 Q2200025003000350040004500500055006000Rent in $17756248

* 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
Laurel Elementary School Upper Campus Primary Regular 465 25 8
Hillview Middle School Middle Regular 881 49 8
Menlo-atherton High School High Regular 2,158 112 8

Laurel Elementary School Upper Campus

  • Education Level: Primary
  • # of students: 465
  • # of teachers: 25
8
GreatSchools Rating

Hillview Middle School

  • Education Level: Middle
  • # of students: 881
  • # of teachers: 49
8
GreatSchools Rating

Menlo-atherton High School

  • Education Level: High
  • # of students: 2,158
  • # of teachers: 112
8
GreatSchools Rating
 

$1,709,100$2,088,900$1,899,000

PURCHASE PRICE

$4,077$4,983$4,530

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $4,530
EXPENSES Loan Payment -$6,596
Property Tax -$2,097
Property Insurance -$56
Property Management Fees -$177
CASH FLOW
-$4,395

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.

$1,899,000

PROJECTED PRICE

$4,530

PROJECTED RENT

0.24%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.83%
Appreciation Year (1-5) 13.6%
Maintenance Year (1-5) 8.00%
Vacancy 5.92%
Length of Stay Years 2

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$1.0M$2.0M$3.0M$4.0M$5.0M$6.0M$7.0M$8.0M

PROJECTED ANNUAL CASH FLOW

11530-$70k-$60k-$50k-$40k-$30k-$20k-$10k$0.0

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$1.0M$2.0M$3.0M$4.0M$5.0M$6.0M$7.0M$8.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$508,985

INVESTMENT

$508,985

Down Payment
$474,750
Rehab Estimate
$5,750
Closing Costs
$28,485

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 100% down payment or higher enables the proceeds from the asset to cover all costs.

$6,596

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $474,750
Loan Amount $1,424,250
See What Happens When You Reinvest Cash Flow

-0.25

YEARS SAVED

-$240

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $0

    LIST RENT
  • $0

    LIST RENT PER SQFT
  • $3,846

    COMP ESTIMATED VALUE
  • $3.21

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$3,9003$4,2504$4,4005$4,800
$4,800
RENT COMPS ANALYSIS
  • 1025 Oakland Ave Menlo Park, CA 1
    • 3 beds 1 baths ∙ 1,200 Sqft ∙ Built 1946 3 beds 1 baths ∙ 1,200 Sqft ∙ Built 1946
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 1007 Henderson Menlo Park, CA 2
    • 3 beds 1 baths ∙ 1,260 Sqft ∙ Built 1949 3 beds 1 baths ∙ 1,260 Sqft ∙ Built 1949
    LEASED 11/14/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,900
    • $3.10
    •  
  • 1115 Madera Ave Menlo Park, CA 3
    • 3 beds 2 baths ∙ 1,460 Sqft ∙ Built 1947 3 beds 2 baths ∙ 1,460 Sqft ∙ Built 1947
    LEASED 10/31/19
    • Rent
    • Rent Per SQFT
    •  
    • $4,250
    • $2.91
    •  
  • 552 Marsh Rd Menlo Park, CA 4
    • 3 beds 2 baths ∙ 1,410 Sqft ∙ Built 1952 3 beds 2 baths ∙ 1,410 Sqft ∙ Built 1952
    LEASED 11/11/19
    • Rent
    • Rent Per SQFT
    •  
    • $4,400
    • $3.12
    •  
  • 307 Haight St Menlo Park, CA 5
    • 3 beds 1 baths ∙ 1,300 Sqft ∙ Built 1946 3 beds 1 baths ∙ 1,300 Sqft ∙ Built 1946
    LEASED 08/03/20
    • Rent
    • Rent Per SQFT
    •  
    • $4,800
    • $3.69
    •  
PROPERTY LISTING DETAILS
Laila Fields
Sereno Group
BESbswy