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1371 Willow St San Diego, CA 92106

4 Beds 2 Baths 1,561 sqft Built 1935

$1,399,999

List Price

$4,160

$3.9K - $4.4K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
FACTS
  • Single Family
  • Built In 1935
  • Price/Sqft : $896.86
  • 27 Days on Market
  • MLS # : 210004187
  • Updated Date : 03/09/2021 at 22:28
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,561 sqft
  • Baths : 2 full
Listing Agent

Berkshire Hathaway Homeservice

Listing Agent's Description

This 4 bedroom 2 bath home has amazing harbor views. Enjoy the beautiful harbor views and the sound of the Pt Loma parrots while you sit on your balcony drinking coffee in the morning! This corner lot feels spacious and full of possibilities with a large detached garage. It’s a short walk to the harbor and Pt Loma Village and close to Liberty Station. There are countless restaurants, great shopping and activities to explore. If you have a boat, you can keep it at a close marina or yacht club for convenience. So much potential in this home.

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • As part of Southern California area, San Diego market inherits all the benefits from the area.

PRICE & RENT TRENDS

Neighborhood: Roseville

NeighborhoodNIR Market*CityMarket2010Year20002019300k400k500k600k700k800k900k1000kPrice in $233k1016k

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

Neighborhood: Roseville

NeighborhoodNIR Market*CityMarket2010Year2000 Q42019 Q21800200022002400260028003000320034003600380040004200Rent in $16274379

* 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
Cabrillo Elementary School Primary Regular 196 8 6
Correia Middle School Middle Regular 838 32 7
Point Loma High School High Regular 1,880 79 8

Cabrillo Elementary School

  • Education Level: Primary
  • # of students: 196
  • # of teachers: 8
6
GreatSchools Rating

Correia Middle School

  • Education Level: Middle
  • # of students: 838
  • # of teachers: 32
7
GreatSchools Rating

Point Loma High School

  • Education Level: High
  • # of students: 1,880
  • # of teachers: 79
8
GreatSchools Rating
 

$1,259,999$1,539,999$1,399,999

PURCHASE PRICE

$3,744$4,576$4,160

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $4,160
EXPENSES Loan Payment -$4,863
Property Tax -$1,360
Property Insurance -$66
Property Management Fees -$129
CASH FLOW
-$2,258

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.

$1,399,999

PROJECTED PRICE

$4,160

PROJECTED RENT

0.30%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.41%
Appreciation Year (1-5) 6.5%
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$3.5M$4.0M

PROJECTED ANNUAL CASH FLOW

11530-$30k-$20k-$10k$0.0$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$3.5M$4.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$376,750

INVESTMENT

$376,750

Down Payment
$350,000
Rehab Estimate
$5,750
Closing Costs
$21,000

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$4,863

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $350,000
Loan Amount $1,049,999
See What Happens When You Reinvest Cash Flow

0.17

YEARS SAVED

$141

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
  • $3,973

    COMP ESTIMATED VALUE
  • $2.55

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$3,5003$3,895
$3,895
RENT COMPS ANALYSIS
  • 1371 Willow St San Diego, CA 1
    • 4 beds 2 baths ∙ 1,561 Sqft ∙ Built 1935 4 beds 2 baths ∙ 1,561 Sqft ∙ Built 1935
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 3920 Tennyson St San Diego, CA 2
    • 3 beds 2 baths ∙ 1,417 Sqft ∙ Built 1940 3 beds 2 baths ∙ 1,417 Sqft ∙ Built 1940
    LEASED 05/07/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,500
    • $2.47
    •  
  • 2870 Evergreen San Diego, CA 3
    • 3 beds 2 baths ∙ 1,488 Sqft ∙ Built 1925 3 beds 2 baths ∙ 1,488 Sqft ∙ Built 1925
    LEASED 04/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,895
    • $2.62
    •  
PROPERTY LISTING DETAILS
Ann Amaral
1.619.300.4400
Berkshire Hathaway Homeservice
1.866.250.5610
San Diego MLS ( SDMLS)
MLS #: 210004187
Last Updated: 03/09/2021
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