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

1501 Live Oak Street Chula Vista, CA 91913

5 Beds 3 Baths 2,149 sqft Built 2000

$799,000

List Price

$3,240

$3K - $3.5K

Rent Est.

PROPERTY INFO

FACTS
  • Single Family
  • Built In 2000
  • Price/Sqft : $371.80
  • 22 Days on Market
  • MLS # : 200054635
  • Updated Date : 01/02/2021 at 23:18
CONSTRUCTION
  • Beds : 5
  • Floor Size : 2,149 sqft
  • Baths : 3 full
Listing Agent

Big Block Realty, Inc.

Listing Agent's Description

Gorgeous and move in ready 2 story home in the highly desired Otay Ranch Community on a cul-de-sac. Walking distance to top rated Heritage Elementary School, parks and community pool. Remodeled kitchen with quartz counter tops and stainless steel smudge free appliances. Luxury Laminate flooring thruout and custom shiplap on fireplace. Bedroom and bathroom downstairs make this a fabulous home for multi generational living. Large lot at 7,082 sq ft for the kids and pets to roam.

SEE MORE

MARKET HIGHLIGHTS

  • 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.
  • 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)

PRICE & RENT TRENDS

Neighborhood: Heritage

NeighborhoodNIR Market*CityMarket2010Year20002019250k300k350k400k450k500k550k600k650kPrice in $223k652k

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

Neighborhood: Heritage

NeighborhoodNIR Market*CityMarket2010Year2000 Q42019 Q216001800200022002400260028003000Rent in $15143167

* 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
Heritage Elementary School Primary Regular 906 35 10
Heritage Elementary School Middle Regular 906 35 10
Otay Ranch High School High Regular 2,640 93 8

Heritage Elementary School

  • Education Level: Primary
  • # of students: 906
  • # of teachers: 35
10
GreatSchools Rating

Heritage Elementary School

  • Education Level: Middle
  • # of students: 906
  • # of teachers: 35
10
GreatSchools Rating

Otay Ranch High School

  • Education Level: High
  • # of students: 2,640
  • # of teachers: 93
8
GreatSchools Rating
 

$719,100$878,900$799,000

PURCHASE PRICE

$2,916$3,564$3,240

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,240
EXPENSES Loan Payment -$2,948
Property Tax -$949
Property Insurance -$80
HOA -$90
Property Management Fees -$129
CASH FLOW
-$955

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.

$799,000

PROJECTED PRICE

$3,240

PROJECTED RENT

0.41%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.42%
Appreciation Year (1-5) 6.2%
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-$15k-$10k-$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$217,485

INVESTMENT

$217,485

Down Payment
$199,750
Rehab Estimate
$5,750
Closing Costs
$11,985

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 65% down payment or higher enables the proceeds from the asset to cover all costs.

$2,948

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $199,750
Loan Amount $599,250
See What Happens When You Reinvest Cash Flow

1.33

YEARS SAVED

$5,892

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
  • $3,375

    COMP ESTIMATED VALUE
  • $1.61

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$2,9003$3,0004$3,2955$3,300
$3,300
RENT COMPS ANALYSIS
  • 1501 Live Oak Street Chula Vista, CA 1
    • 5 beds 3 baths ∙ 2,090 Sqft ∙ Built 2000 5 beds 3 baths ∙ 2,090 Sqft ∙ Built 2000
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 1475 Egret Street #5 Chula Vista, CA 2
    • 4 beds 4 baths ∙ 1,928 Sqft ∙ Built 2016 4 beds 4 baths ∙ 1,928 Sqft ∙ Built 2016
    property image
    LEASED 11/29/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,900
    • $1.50
    •  
  • 1028 E J St Chula Vista, CA 3
    • 4 beds 3 baths ∙ 1,900 Sqft ∙ Built 1996 4 beds 3 baths ∙ 1,900 Sqft ∙ Built 1996
    property image
    LEASED 03/16/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,000
    • $1.58
    •  
  • 1208 Camino Carmelo Chula Vista, CA 4
    • 4 beds 3 baths ∙ 1,950 Sqft ∙ Built 2018 4 beds 3 baths ∙ 1,950 Sqft ∙ Built 2018
    property image
    LEASED 05/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,295
    • $1.69
    •  
  • 1370 Livingston St Chula Vista, CA 5
    • 4 beds 3 baths ∙ 1,952 Sqft ∙ Built 2001 4 beds 3 baths ∙ 1,952 Sqft ∙ Built 2001
    property image
    LEASED 08/31/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,300
    • $1.69
    •  
PROPERTY LISTING DETAILS
Michele Mesker
1.619.980.6501
Big Block Realty, Inc.
BESbswy