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10669 Olivera Ave San Diego, CA 92127

3 Beds 3 Baths 2,476 sqft Built 2000

$1,100,000

List Price

$3,760

$3.5K - $4K

Rent Est.

PROPERTY INFO

FACTS
  • Single Family
  • Built In 2000
  • Price/Sqft : $444.26
  • 10 Days on Market
  • MLS # : 210000591
  • Updated Date : 01/16/2021 at 15:39
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,476 sqft
  • Baths : 2 full , 1 half
Listing Agent

Coldwell Banker Realty

Listing Agent's Description

Beautiful 4S Ranch home with 3+ bedrooms, 2.5 baths, and 2476 square feet. Located on a quiet cul-de-sac, this well maintained property features: Owned solar, remodeled granite kitchen, high ceilings, tile and wood flooring, neutral carpet, upstairs laundry room, downstairs office, newer HVAC system, spacious master with remodeled bathroom, large pool size yard with covered patio and multiple motorized shades. Two car garage with work area. Short distance to shopping, dining and more.

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: 4S Ranch

NeighborhoodNIR Market*CityMarket2010Year20002019300k400k500k600k700k800k900k1000kPrice in $233k1059k

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

Neighborhood: 4S Ranch

NeighborhoodNIR Market*CityMarket2010Year2000 Q42019 Q218002000220024002600280030003200340036003800400042004400Rent in $16274591

* 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
Stone Ranch Elementary School Primary Regular 990 39 10
Oak Valley Middle School Middle Regular 1,361 50 9
Del Norte High School High Regular 1,933 62 9

Stone Ranch Elementary School

  • Education Level: Primary
  • # of students: 990
  • # of teachers: 39
10
GreatSchools Rating

Oak Valley Middle School

  • Education Level: Middle
  • # of students: 1,361
  • # of teachers: 50
9
GreatSchools Rating

Del Norte High School

  • Education Level: High
  • # of students: 1,933
  • # of teachers: 62
9
GreatSchools Rating
 

$990,000$1,210,000$1,100,000

PURCHASE PRICE

$3,384$4,136$3,760

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,760
EXPENSES Loan Payment -$3,821
Property Tax -$1,284
Property Insurance -$89
HOA -$125
Property Management Fees -$129
CASH FLOW
-$1,688

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.

$1,100,000

PROJECTED PRICE

$3,760

PROJECTED RENT

0.34%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.41%
Appreciation Year (1-5) 5.8%
Maintenance Year (1-5) 8.00%
Vacancy 5.56%
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$2.5M$3.0M

PROJECTED ANNUAL CASH FLOW

11530-$30k-$25k-$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$2.5M$3.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$297,250

INVESTMENT

$297,250

Down Payment
$275,000
Rehab Estimate
$5,750
Closing Costs
$16,500

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$3,821

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $275,000
Loan Amount $825,000
See What Happens When You Reinvest Cash Flow

0.17

YEARS SAVED

$135

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
  • $4,191

    COMP ESTIMATED VALUE
  • $1.69

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$3,6553$3,8004$4,0005$4,000
$4,000
RENT COMPS ANALYSIS
  • 10669 Olivera Ave San Diego, CA 1
    • 3 beds 3 baths ∙ 2,476 Sqft ∙ Built 2000 3 beds 3 baths ∙ 2,476 Sqft ∙ Built 2000
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 11382 Turtleback San Diego, CA 2
    • 4 beds 3 baths ∙ 2,181 Sqft ∙ Built 1981 4 beds 3 baths ∙ 2,181 Sqft ∙ Built 1981
    LEASED 08/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,655
    • $1.68
    •  
  • 10186 Prairie Springs Rd. San Diego, CA 3
    • 3 beds 3 baths ∙ 2,344 Sqft ∙ Built 2002 3 beds 3 baths ∙ 2,344 Sqft ∙ Built 2002
    LEASED 11/09/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,800
    • $1.62
    •  
  • 16418 Calloway Dr San Diego, CA 4
    • 4 beds 3 baths ∙ 2,317 Sqft ∙ Built 2003 4 beds 3 baths ∙ 2,317 Sqft ∙ Built 2003
    LEASED 12/03/19
    • Rent
    • Rent Per SQFT
    •  
    • $4,000
    • $1.73
    •  
  • 16263 Veridian Cir San Diego, CA 5
    • 4 beds 3 baths ∙ 2,295 Sqft ∙ Built 2017 4 beds 3 baths ∙ 2,295 Sqft ∙ Built 2017
    LEASED 10/04/20
    • Rent
    • Rent Per SQFT
    •  
    • $4,000
    • $1.74
    •  
PROPERTY LISTING DETAILS
Brad Bourda
1.619.851.3784
Coldwell Banker Realty
BESbswy