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1110 Oliver San Diego, CA 92109

4 Beds 4 Baths 2,006 sqft Built 2002

$1,495,000

List Price

$5,270

$5K - $5.5K

Rent Est.

PROPERTY INFO

FACTS
  • Built In 2002
  • Price/Sqft : $745.26
  • 23 Days on Market
  • MLS # : 200049832
  • Updated Date : 10/26/2020 at 22:51
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,006 sqft
  • Baths : 3 full , 1 half
Listing Agent

Exp Realty Of California Inc

Listing Agent's Description

One of a kind Victorian home located in the coveted Braemar area is 2 blocks to Sail Bay & 4 blocks to the ocean! Offering a gourmet kitchen with SS appliances, a Wolf range and oven, hardwood floors, a master retreat with walk-in closet and French doors that leads to a private balcony, separate laundry room and so much more! Enjoy entertaining family & friends with the open floor plan and spacious front patio or curl up with a great book by the cozy fireplace. This home is a must see, don't miss out!

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MARKET HIGHLIGHTS

  • 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)
  • 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)

PRICE & RENT TRENDS

Neighborhood: Pacific Beach

NeighborhoodNIR Market*CityMarket2010Year20002019250k300k350k400k450k500k550k600k650k700k750k800k850kPrice in $233k866k

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

Neighborhood: Pacific Beach

NeighborhoodNIR Market*CityMarket2010Year2000 Q42019 Q2180020002200240026002800300032003400360038004000Rent in $16274083

* 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
Crown Point Elementary School Primary Magnet 398 15 6
Pacific Beach Middle School Middle Regular 581 26 6
Mission Bay High School High Magnet 1,101 54 7

Crown Point Elementary School

  • Education Level: Primary
  • # of students: 398
  • # of teachers: 15
6
GreatSchools Rating

Pacific Beach Middle School

  • Education Level: Middle
  • # of students: 581
  • # of teachers: 26
6
GreatSchools Rating

Mission Bay High School

  • Education Level: High
  • # of students: 1,101
  • # of teachers: 54
7
GreatSchools Rating
 

$1,345,500$1,644,500$1,495,000

PURCHASE PRICE

$4,743$5,797$5,270

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $5,270
EXPENSES Loan Payment -$5,516
Property Tax -$1,452
Property Insurance -$78
Property Management Fees -$129
CASH FLOW
-$1,905

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.

$1,495,000

PROJECTED PRICE

$5,270

PROJECTED RENT

0.35%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.41%
Appreciation Year (1-5) 7.1%
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$1.0M$2.0M$3.0M$4.0M

PROJECTED ANNUAL CASH FLOW

11530-$30k-$20k-$10k$0.0$10k$20k$30k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$1.0M$2.0M$3.0M$4.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$401,925

INVESTMENT

$401,925

Down Payment
$373,750
Rehab Estimate
$5,750
Closing Costs
$22,425

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 65% down payment or higher enables the proceeds from the asset to cover all costs.

$5,516

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $373,750
Loan Amount $1,121,250
See What Happens When You Reinvest Cash Flow

0.92

YEARS SAVED

$6,407

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
  • $5,229

    COMP ESTIMATED VALUE
  • $2.61

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$5,0003$5,2004$5,500
$5,500
RENT COMPS ANALYSIS
  • 1110 Oliver San Diego, CA 1
    • 4 beds 4 baths ∙ 2,006 Sqft ∙ Built 2002 4 beds 4 baths ∙ 2,006 Sqft ∙ Built 2002
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 5540 Waverly Ave La Jolla, CA 2
    • 3 beds 2 baths ∙ 2,000 Sqft ∙ Built 1992 3 beds 2 baths ∙ 2,000 Sqft ∙ Built 1992
    LEASED 08/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $5,000
    • $2.50
    •  
  • 714 Lido Court San Diego, CA 3
    • 4 beds 4 baths ∙ 2,023 Sqft ∙ Built 2005 4 beds 4 baths ∙ 2,023 Sqft ∙ Built 2005
    LEASED 02/17/20
    • Rent
    • Rent Per SQFT
    •  
    • $5,200
    • $2.57
    •  
  • 1748 Thomas San Diego, CA 4
    • 4 beds 3 baths ∙ 2,000 Sqft ∙ Built 2013 4 beds 3 baths ∙ 2,000 Sqft ∙ Built 2013
    LEASED 10/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $5,500
    • $2.75
    •  
PROPERTY LISTING DETAILS
Peter Middleton
1.858.258.7383
Exp Realty Of California Inc
BESbswy