Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more

1449 Hollenbeck Ave Sunnyvale, CA 94087

4 Beds 2 Baths 1,768 sqft Built 1961

$1,950,000

List Price

$4,780

$4.5K - $5K

Rent Est.

PROPERTY INFO

December 01, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1961
  • Price/Sqft : $1,102.94
  • 6 Days on Market
  • MLS # : ML81821827
  • Updated Date : 12/04/2020 at 12:41
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,768 sqft
  • Baths : 2 full
Listing Agent

Sereno Group

Listing Agent's Description

What I love about this move-in ready 4 bedroom home, with top schools, is the open floor plan and large private backyard. Once you enter the home, you will appreciate the solitude and space. The practical design includes an eat-in kitchen with a peninsula that provides extra countertop space. The large kitchen opens to the bright great room, which opens to the big private backyard with a large lawn and patio. The 4th bedroom is perfect for guests or as a Zoom Room for working from home. This is the home you have been hoping for! Highly acclaimed neighborhood schools include West Valley Elementary, Cupertino Middle, and Homestead High, Kings Academy, Resurrection, St. Simon, Stratford, Challenger, etc. (Buyer to verify enrollment availability). Close to major tech campuses (e.g. Apple, Google, etc) and easy access to commute routes (e.g. 85, 101, 280, Homestead, etc).

SEE MORE

MARKET HIGHLIGHTS

  • San Jose metro's economy has been worth $282.2 billion in Gross Metro Product (GMP) in 2018 and is projected to grow to $298.6 billion in 2019. GMP measures the productivity of the metro. (USMayors.org, 2018)
  • San Jose metro employment growth has been at 2.2% in 2018 and predicted to grow at 1.9% in 2019 (USMayors.org, 2018)
  • San Jose metro contributes to 9% of California state's economy i.e. Gross State Product (USMayors.org, 2018)
  • Palo Alto, Redwood City, Mountain View and San Mateo together attracted around $11 billion in venture capital funding in 2019 making Silicon Valley still attractive to technology investments (Crunchbase News, 2020)
  • San Jose metro has 67.6% labor force participation rate higher than the national rate 62.8% (USMayors.org, 2018)

PRICE & RENT TRENDS

Neighborhood: West Valley

NeighborhoodNIR Market*CityMarket2010Year20002019600k800k1000k1200k1400k1600k1800k2000k2200kPrice in $411k2269k

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

Neighborhood: West Valley

NeighborhoodNIR Market*CityMarket2010Year20002019 Q22000220024002600280030003200340036003800400042004400460048005000Rent in $19075030

* 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
West Valley Elementary School Primary Regular 628 25 9
Cupertino Middle School Middle Regular 1,434 63 8
Homestead High School High Regular 2,406 94 9

West Valley Elementary School

  • Education Level: Primary
  • # of students: 628
  • # of teachers: 25
9
GreatSchools Rating

Cupertino Middle School

  • Education Level: Middle
  • # of students: 1,434
  • # of teachers: 63
8
GreatSchools Rating

Homestead High School

  • Education Level: High
  • # of students: 2,406
  • # of teachers: 94
9
GreatSchools Rating
 

$1,755,000$2,145,000$1,950,000

PURCHASE PRICE

$4,302$5,258$4,780

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $4,780
EXPENSES Loan Payment -$7,195
Property Tax -$1,992
Property Insurance -$70
Property Management Fees -$186
CASH FLOW
-$4,662

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.

$1,950,000

PROJECTED PRICE

$4,780

PROJECTED RENT

0.25%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 5.00%
Appreciation Year (1-5) 10.1%
Maintenance Year (1-5) 8.00%
Vacancy 5.40%
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$6.0M$7.0M

PROJECTED ANNUAL CASH FLOW

11530-$70k-$60k-$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$6.0M$7.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$522,500

INVESTMENT

$522,500

Down Payment
$487,500
Rehab Estimate
$5,750
Closing Costs
$29,250

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 100% down payment or higher enables the proceeds from the asset to cover all costs.

$7,195

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $487,500
Loan Amount $1,462,500
See What Happens When You Reinvest Cash Flow

-0.17

YEARS SAVED

-$219

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $4,780

    LIST RENT
  • $2.7

    LIST RENT PER SQFT
  • $4,738

    COMP ESTIMATED VALUE
  • $2.68

    COMP AVG. RENT PER SQFT
Comps Range
$3,800
1$3,8002$4,2803$4,5004$4,7805$5,700
$5,700
RENT COMPS ANALYSIS
  • 1449 Hollenbeck Ave Sunnyvale, CA 4
    • 4 beds 2 baths ∙ 1,768 Sqft ∙ Built 1961 4 beds 2 baths ∙ 1,768 Sqft ∙ Built 1961
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $4,780
    • $2.70
    •  
  • 20549 Cedarbrook Ter Cupertino, CA 1
    • 3 beds 3 baths ∙ 1,598 Sqft ∙ Built 1977 3 beds 3 baths ∙ 1,598 Sqft ∙ Built 1977
    property image
    LEASED 08/07/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,800
    • $2.38
    •  
  • 1024 Havre Ct Sunnyvale, CA 2
    • 3 beds 2 baths ∙ 1,603 Sqft ∙ Built 1956 3 beds 2 baths ∙ 1,603 Sqft ∙ Built 1956
    property image
    LEASED 08/11/20
    • Rent
    • Rent Per SQFT
    •  
    • $4,280
    • $2.67
    •  
  • 1277 Mandarin Dr Sunnyvale, CA 3
    • 3 beds 2 baths ∙ 1,624 Sqft ∙ Built 1959 3 beds 2 baths ∙ 1,624 Sqft ∙ Built 1959
    property image
    LEASED 10/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $4,500
    • $2.77
    •  
  • 826 Louise Dr Sunnyvale, CA 5
    • 4 beds 2 baths ∙ 1,968 Sqft ∙ Built 1959 4 beds 2 baths ∙ 1,968 Sqft ∙ Built 1959
    property image
    LEASED 09/05/20
    • Rent
    • Rent Per SQFT
    •  
    • $5,700
    • $2.90
    •  
PROPERTY LISTING DETAILS
Andy Wong
Sereno Group
BESbswy