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1457 Bridgeview Dr San Diego, CA 92105

3 Beds 2 Baths 1,357 sqft Built 1980

$599,000

List Price

$2,710

$2.5K - $3K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
February 24, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1980
  • Price/Sqft : $441.41
  • 6 Days on Market
  • MLS # : 210004726
  • Updated Date : 02/25/2021 at 17:54
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,357 sqft
  • Baths : 2 full
Listing Agent

Compass

Listing Agent's Description

An oasis in the City! Highly upgraded, private, pristine, and centrally located close to everything San Diego has to offer. An entertainer’s dream, massive vaulted ceilings give way to the open floor plan that seamlessly connects the chef’s kitchen w/ dining & living areas. Stylish features include Stainless Steel appliances, wide plank flooring throughout, Designer bathrooms, energy efficient vinyl windows, plantation shutters, and an inviting backyard space with deck, trellis, & fire pit. Too many features to list, come see!

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: Bayridge

NeighborhoodNIR Market*CityMarket2010Year20002019250k300k350k400k450k500k550k600kPrice in $202k621k

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

Neighborhood: Bayridge

NeighborhoodNIR Market*CityMarket2010Year2000 Q42019 Q21600180020002200240026002800Rent in $15142982

* 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
Rowan Elementary School Primary Regular 233 11 6
Clark Middle School Middle Regular 1,036 46 3
Hoover High School High Regular 2,019 97 4

Rowan Elementary School

  • Education Level: Primary
  • # of students: 233
  • # of teachers: 11
6
GreatSchools Rating

Clark Middle School

  • Education Level: Middle
  • # of students: 1,036
  • # of teachers: 46
3
GreatSchools Rating

Hoover High School

  • Education Level: High
  • # of students: 2,019
  • # of teachers: 97
4
GreatSchools Rating
 

$539,100$658,900$599,000

PURCHASE PRICE

$2,439$2,981$2,710

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,710
EXPENSES Loan Payment -$2,081
Property Tax -$582
Property Insurance -$61
HOA -$215
Property Management Fees -$129
CASH FLOW
-$358

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.

$599,000

PROJECTED PRICE

$2,710

PROJECTED RENT

0.45%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.42%
Appreciation Year (1-5) 9.9%
Maintenance Year (1-5) 8.00%
Vacancy 4.80%
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

PROJECTED ANNUAL CASH FLOW

11530-$5.0k$0.0$5.0k$10k$15k$20k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$500k$1.0M$1.5M$2.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$164,485

INVESTMENT

$164,485

Down Payment
$149,750
Rehab Estimate
$5,750
Closing Costs
$8,985

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 55% down payment or higher enables the proceeds from the asset to cover all costs.

$2,081

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $149,750
Loan Amount $449,250
See What Happens When You Reinvest Cash Flow

3.67

YEARS SAVED

$20,135

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
  • $3,046

    COMP ESTIMATED VALUE
  • $2.25

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$3,3503$3,700
$3,700
RENT COMPS ANALYSIS
  • 1457 Bridgeview Dr San Diego, CA 1
    • 3 beds 2 baths ∙ 1,357 Sqft ∙ Built 1980 3 beds 2 baths ∙ 1,357 Sqft ∙ Built 1980
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 2382 Haller St San Diego, CA 2
    • 3 beds 2 baths ∙ 1,484 Sqft ∙ Built 1986 3 beds 2 baths ∙ 1,484 Sqft ∙ Built 1986
    LEASED 05/19/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,350
    • $2.26
    •  
  • 1310 24th Street San Diego, CA 3
    • 3 beds 3 baths ∙ 1,661 Sqft ∙ Built 1996 3 beds 3 baths ∙ 1,661 Sqft ∙ Built 1996
    LEASED 06/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,700
    • $2.23
    •  
PROPERTY LISTING DETAILS
Derek Harms
1.858.444.7752
Compass
1.866.250.5610
San Diego MLS ( SDMLS)
MLS #: 210004726
Last Updated: 02/25/2021
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