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150 San Jose Ave Pacifica, CA 94044

3 Beds 2 Baths 1,420 sqft Built 1968

$1,195,000

List Price

$4,050

$3.8K - $4.3K

Rent Est.

PROPERTY INFO

November 14, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1968
  • Price/Sqft : $841.55
  • 2 Days on Market
  • MLS # : ML81819753
  • Updated Date : 11/14/2020 at 21:39
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,420 sqft
  • Baths : 2 full
Listing Agent

Compass Sf

Listing Agent's Description

Super cute Cape Cod style home, just minutes walk from the beach in West Sharp Park. Just updated in 2020, featuring a fantastic flexible floor plan with income potential! This 3 bedroom 2 bathroom home has new paint inside and out, a new deck and updated kitchen. The 2nd level main floor features an updated kitchen which flows to the combo living/dining room and right outside to a large deck. Completing this level are 2�bedrooms and 1 bathroom. In addition to a 2 car garage with ample storage, the�ground floor includes a 1 bedroom 1 bathroom in-law suite with eat-in kitchen, living room, beautiful deck and private entrance. Both levels can readily be used together as a single family home, or lock off the in-law suite for relatives, work or extra income. This beautiful home has easy access to San Francisco, the SFO airport, local eateries and nightlife, Oceana Market, and much more.

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • 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)

PRICE & RENT TRENDS

Neighborhood: Salada Beach

NeighborhoodNIR Market*CityMarket2010Year20002019400k500k600k700k800k900k1000k1100k1200k1300kPrice in $332k1381k

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

Neighborhood: Salada Beach

NeighborhoodNIR Market*CityMarket2010Year2000 Q32019 Q2160018002000220024002600280030003200340036003800400042004400Rent in $14344566

* 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
Ocean Shore Elementary School Primary Regular 414 17 8
Ocean Shore Elementary School Middle Regular 414 17 8
Terra Nova High School High Regular 1,037 46 8

Ocean Shore Elementary School

  • Education Level: Primary
  • # of students: 414
  • # of teachers: 17
8
GreatSchools Rating

Ocean Shore Elementary School

  • Education Level: Middle
  • # of students: 414
  • # of teachers: 17
8
GreatSchools Rating

Terra Nova High School

  • Education Level: High
  • # of students: 1,037
  • # of teachers: 46
8
GreatSchools Rating
 

$1,075,500$1,314,500$1,195,000

PURCHASE PRICE

$3,645$4,455$4,050

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $4,050
EXPENSES Loan Payment -$4,409
Property Tax -$1,318
Property Insurance -$61
Property Management Fees -$158
CASH FLOW
-$1,896

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.

$1,195,000

PROJECTED PRICE

$4,050

PROJECTED RENT

0.34%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 5.00%
Appreciation Year (1-5) 11.7%
Maintenance Year (1-5) 8.00%
Vacancy 5.61%
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$4.5M

PROJECTED ANNUAL CASH FLOW

11530-$35k-$30k-$25k-$20k-$15k-$10k-$5.0k$0.0$5.0k

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$4.5M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$322,425

INVESTMENT

$322,425

Down Payment
$298,750
Rehab Estimate
$5,750
Closing Costs
$17,925

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 75% down payment or higher enables the proceeds from the asset to cover all costs.

$4,409

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $298,750
Loan Amount $896,250
See What Happens When You Reinvest Cash Flow

0.17

YEARS SAVED

$222

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
  • $4,548

    COMP ESTIMATED VALUE
  • $3.2

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$3,7953$3,9004$4,2005$4,300
$4,300
RENT COMPS ANALYSIS
  • 150 San Jose Ave Pacifica, CA 1
    • 3 beds 2 baths ∙ 1,420 Sqft ∙ Built 1968 3 beds 2 baths ∙ 1,420 Sqft ∙ Built 1968
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 3850 Coronado Way San Bruno, CA 2
    • 3 beds 2 baths ∙ 1,150 Sqft ∙ Built 1959 3 beds 2 baths ∙ 1,150 Sqft ∙ Built 1959
    property image
    LEASED 10/06/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,795
    • $3.30
    •  
  • 954 Vallejo Ter Pacifica, CA 3
    • 3 beds 2 baths ∙ 1,230 Sqft ∙ Built 1959 3 beds 2 baths ∙ 1,230 Sqft ∙ Built 1959
    property image
    LEASED 06/09/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,900
    • $3.17
    •  
  • 236 Lauren Ave Pacifica, CA 4
    • 3 beds 2 baths ∙ 1,430 Sqft ∙ Built 1955 3 beds 2 baths ∙ 1,430 Sqft ∙ Built 1955
    property image
    LEASED 04/13/20
    • Rent
    • Rent Per SQFT
    •  
    • $4,200
    • $2.94
    •  
  • 401 Pacific Ave Pacifica, CA 5
    • 3 beds 2 baths ∙ 1,264 Sqft ∙ Built 1956 3 beds 2 baths ∙ 1,264 Sqft ∙ Built 1956
    property image
    LEASED 10/15/19
    • Rent
    • Rent Per SQFT
    •  
    • $4,300
    • $3.40
    •  
PROPERTY LISTING DETAILS
Alene Brisbane
Compass Sf
BESbswy