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1318 Trestle Glen Rd Oakland, CA 94610

3 Beds 2 Baths 1,605 sqft Built 1926

$1,425,000

List Price

$4,510

$4.3K - $4.8K

Rent Est.

PROPERTY INFO

November 20, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1926
  • Price/Sqft : $887.85
  • 3 Days on Market
  • MLS # : EB40927620
  • Updated Date : 11/20/2020 at 16:53
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,605 sqft
  • Baths : 2 full
Listing Agent

Sotheby's International Realty Inc

Listing Agent's Description

This Crocker Highlands Tudor presents refinements across its three-bedroom, two-bathroom interior, detached media bungalow-office, and celebrated grounds, featured on multiple garden tours. Picturesque Trestle Glen, lined with period architecture, uniform trees and vintage streetlamps, conceals its wiring underground. Residents savor the setting and its walkability and bikability to Lakeshore and Park Boulevard cafes, shops, Farmer's Market, Lake Merritt recreation, and Crocker Highlands Elementary. Revitalization, including a new bathroom and kitchen transformation, dovetails seamlessly with the home's period appeal. The kitchen flows broadly to a low-maintenance Trex deck with grill station for dining amid a profusion of blooms. Alongside the garden, the detached bungalow, originally a carriage house, was rebuilt to suit multiple purposes simultaneously. Recent infrastructure upgrades include a new roof and copper plumbing. Virtual Tour: https://vimeo.com/481832217

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Trestle Glen

NeighborhoodNIR Market*CityMarket2010Year20002019300k400k500k600k700k800k900k1000k1100k1200k1300kPrice in $253k1334k

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

Neighborhood: Trestle Glen

NeighborhoodNIR Market*CityMarket2010Year20012019 Q21500200025003000350040004500Rent in $14184993

* 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
Chabot Elementary School Primary Regular 573 22 10
Hillcrest Elementary School Middle Regular 359 15 10
Oakland High School High Regular 1,515 67 5

Chabot Elementary School

  • Education Level: Primary
  • # of students: 573
  • # of teachers: 22
10
GreatSchools Rating

Hillcrest Elementary School

  • Education Level: Middle
  • # of students: 359
  • # of teachers: 15
10
GreatSchools Rating

Oakland High School

  • Education Level: High
  • # of students: 1,515
  • # of teachers: 67
5
GreatSchools Rating
 

$1,282,500$1,567,500$1,425,000

PURCHASE PRICE

$4,059$4,961$4,510

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $4,510
EXPENSES Loan Payment -$5,258
Property Tax -$1,734
Property Insurance -$66
HOA -$195
Property Management Fees -$221
CASH FLOW
-$2,963

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 13% of earned rent to cover both maintenance and periods of vacancy.

$1,425,000

PROJECTED PRICE

$4,510

PROJECTED RENT

0.32%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 5.00%
Appreciation Year (1-5) 12.3%
Maintenance Year (1-5) 8.00%
Vacancy 5.09%
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

PROJECTED ANNUAL CASH FLOW

11530-$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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$383,375

INVESTMENT

$383,375

Down Payment
$356,250
Rehab Estimate
$5,750
Closing Costs
$21,375

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 80% down payment or higher enables the proceeds from the asset to cover all costs.

$5,258

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $356,250
Loan Amount $1,068,750
See What Happens When You Reinvest Cash Flow

-0.08

YEARS SAVED

-$10

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $4,510

    LIST RENT
  • $2.81

    LIST RENT PER SQFT
  • $5,077

    COMP ESTIMATED VALUE
  • $3.16

    COMP AVG. RENT PER SQFT
Comps Range
$4,510
1$4,5102$4,7003$5,7004$5,800
$5,800
RENT COMPS ANALYSIS
  • 1318 Trestle Glen Rd Oakland, CA 1
    • 3 beds 2 baths ∙ 1,605 Sqft ∙ Built 1926 3 beds 2 baths ∙ 1,605 Sqft ∙ Built 1926
    • Rent
    • Rent Per SQFT
    •  
    • $4,510
    • $2.81
    •  
  • 2527 Castello Oakland, CA 2
    • 3 beds 3 baths ∙ 1,600 Sqft ∙ Built 1925 3 beds 3 baths ∙ 1,600 Sqft ∙ Built 1925
    LEASED 11/18/20
    • Rent
    • Rent Per SQFT
    •  
    • $4,700
    • $2.94
    •  
  • 1623 Grand Ave Piedmont, CA 3
    • 3 beds 3 baths ∙ 1,806 Sqft ∙ Built 1935 3 beds 3 baths ∙ 1,806 Sqft ∙ Built 1935
    LEASED 07/15/19
    • Rent
    • Rent Per SQFT
    •  
    • $5,700
    • $3.16
    •  
  • 1080 Clarendon Cres Oakland, CA 4
    • 3 beds 2 baths ∙ 1,711 Sqft ∙ Built 1930 3 beds 2 baths ∙ 1,711 Sqft ∙ Built 1930
    LEASED 11/17/20
    • Rent
    • Rent Per SQFT
    •  
    • $5,800
    • $3.39
    •  
PROPERTY LISTING DETAILS
Anthony Riggins
Sotheby's International Realty Inc
BESbswy