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13734 Recuerdo Drive Del Mar, CA 92014

4 Beds 3 Baths 2,304 sqft Built 1973

$1,499,800

List Price

$6,400

$6.2K - $6.7K

Rent Est.

PROPERTY INFO

October 30, 2020 RECENTLY ADDED
FACTS
  • Built In 1973
  • Price/Sqft : $650.95
  • 5 Days on Market
  • MLS # : 200050271
  • Updated Date : 10/30/2020 at 19:08
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,304 sqft
  • Baths : 2 full , 1 half
Listing Agent

Compass

Listing Agent's Description

Lovingly-maintained home and large lot in desirable Del Mar Heights! Lush landscaping lines the front entry which welcomes you to an open living/dining area and spacious family kitchen. All bedrooms are upstairs, and master retreat walks out onto a sunny east-facing deck with nice views. The sizable yard is flat and usable w/room for a pool or ADU. Other highlights include laundry room, fireplace, oversized 2 car garage and new exterior paint. Easy access to beach, downtown, One Paseo and great schools!

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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: Del Mar Heights

NeighborhoodNIR Market*CityMarket2010Year20002019400k600k800k1000k1200k1400k1600k1800kPrice in $240k1813k

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

Neighborhood: Del Mar Heights

NeighborhoodNIR Market*CityMarket2010Year2000 Q42019 Q2200025003000350040004500500055006000Rent in $16276210

* 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
Del Mar Hills Academy Primary Regular 335 14 10
Del Mar Hills Academy Middle Regular 335 14 10
Torrey Pines High School High Regular 2,752 103 10

Del Mar Hills Academy

  • Education Level: Primary
  • # of students: 335
  • # of teachers: 14
10
GreatSchools Rating

Del Mar Hills Academy

  • Education Level: Middle
  • # of students: 335
  • # of teachers: 14
10
GreatSchools Rating

Torrey Pines High School

  • Education Level: High
  • # of students: 2,752
  • # of teachers: 103
10
GreatSchools Rating
 

$1,349,820$1,649,780$1,499,800

PURCHASE PRICE

$5,760$7,040$6,400

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $6,400
EXPENSES Loan Payment -$5,534
Property Tax -$1,303
Property Insurance -$85
Property Management Fees -$129
CASH FLOW
-$651

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.

$1,499,800

PROJECTED PRICE

$6,400

PROJECTED RENT

0.43%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.65%
Appreciation Year (1-5) 4.7%
Maintenance Year (1-5) 8.00%
Vacancy 5.45%
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-$10k$0.0$10k$20k$30k$40k$50k$60k$70k

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$403,197

INVESTMENT

$403,197

Down Payment
$374,950
Rehab Estimate
$5,750
Closing Costs
$22,497

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 50% down payment or higher enables the proceeds from the asset to cover all costs.

$5,534

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $374,950
Loan Amount $1,124,850
See What Happens When You Reinvest Cash Flow

5.25

YEARS SAVED

$95,921

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $6,400

    LIST RENT
  • $2.78

    LIST RENT PER SQFT
  • $7,448

    COMP ESTIMATED VALUE
  • $3.23

    COMP AVG. RENT PER SQFT
Comps Range
$5,800
1$5,8002$6,4003$6,5004$7,7505$9,000
$9,000
RENT COMPS ANALYSIS
  • 13734 Recuerdo Drive Del Mar, CA 2
    • 4 beds 3 baths ∙ 2,304 Sqft ∙ Built 1973 4 beds 3 baths ∙ 2,304 Sqft ∙ Built 1973
    • Rent
    • Rent Per SQFT
    •  
    • $6,400
    • $2.78
    •  
  • 14070 Rue Saint Tropez Del Mar, CA 1
    • 4 beds 2 baths ∙ 1,955 Sqft ∙ Built 1970 4 beds 2 baths ∙ 1,955 Sqft ∙ Built 1970
    LEASED 06/03/20
    • Rent
    • Rent Per SQFT
    •  
    • $5,800
    • $2.97
    •  
  • 2237 La Amatista Del Mar, CA 3
    • 5 beds 2 baths ∙ 2,451 Sqft ∙ Built 1971 5 beds 2 baths ∙ 2,451 Sqft ∙ Built 1971
    LEASED 10/22/20
    • Rent
    • Rent Per SQFT
    •  
    • $6,500
    • $2.65
    •  
  • 12764 Via Felino Del Mar, CA 4
    • 4 beds 4 baths ∙ 2,300 Sqft ∙ Built 1971 4 beds 4 baths ∙ 2,300 Sqft ∙ Built 1971
    LEASED 07/11/20
    • Rent
    • Rent Per SQFT
    •  
    • $7,750
    • $3.37
    •  
  • 610 Amphitheatre Dr Del Mar, CA 5
    • 5 beds 4 baths ∙ 2,285 Sqft ∙ Built 1971 5 beds 4 baths ∙ 2,285 Sqft ∙ Built 1971
    LEASED 06/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $9,000
    • $3.94
    •  
PROPERTY LISTING DETAILS
Jennifer Anderson
1.858.524.3077
Compass
BESbswy