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152 Catalina Ave Pacifica, CA 94044

5 Beds 2 Baths 1,700 sqft Built 1964

$1,099,000

List Price

$4,160

$3.9K - $4.4K

Rent Est.

PROPERTY INFO

80% chance this property will be sold within the next 20 days HOT INVESTMENT
January 16, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1964
  • Price/Sqft : $646.47
  • 3 Days on Market
  • MLS # : ML81826018
  • Updated Date : 01/15/2021 at 16:32
CONSTRUCTION
  • Beds : 5
  • Floor Size : 1,700 sqft
  • Baths : 2 full
Listing Agent

Kw Peninsula Estates

Listing Agent's Description

Embrace Coastal living! Renovated home in Pacifica's charming Fairmont neighborhood - a fantastic location south of San Francisco & within easy access to the best of the Peninsula. Updated & equipped for your space & recreation needs, enter this welcoming home & be greeted by the light-filled living room complimented by hardwood floors, an illuminating large window & cozy wood-burning fireplace. The floor plan flows into the tastefully remodeled kitchen & adjacent dining area. 3 bedrooms & a full bathroom are upstairs, while the lower level features a separate family room with wet bar, 2 additional bedrooms as well as the 2nd full bathroom. With a 6,216+/- sq ft lot, the spacious backyard, accessible from the family room & also one of the ground floor bedrooms, includes a large patio & shed. Enjoy privacy & serene living while conveniently close to Fairmont Park & Rec. Center, SFO Airport, local schools, beaches as well as Hwy 1 & Skyline Blvd for commute routes to SF & Silicon Valley.

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • 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)

PRICE & RENT TRENDS

Neighborhood: Fairmont

NeighborhoodNIR Market*CityMarket2010Year20002019400k500k600k700k800k900k1000k1100k1200k1300k1400k1500kPrice in $356k1528k

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

Neighborhood: Fairmont

NeighborhoodNIR Market*CityMarket2010Year2000 Q32019 Q22000250030003500400045005000Rent in $15965135

* 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
 

$989,100$1,208,900$1,099,000

PURCHASE PRICE

$3,744$4,576$4,160

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $4,160
EXPENSES Loan Payment -$3,817
Property Tax -$1,228
Property Insurance -$68
HOA -$30
Property Management Fees -$162
CASH FLOW
-$1,145

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.

$1,099,000

PROJECTED PRICE

$4,160

PROJECTED RENT

0.38%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.83%
Appreciation Year (1-5) 8.2%
Maintenance Year (1-5) 8.00%
Vacancy 5.92%
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

PROJECTED ANNUAL CASH FLOW

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

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$296,985

INVESTMENT

$296,985

Down Payment
$274,750
Rehab Estimate
$5,750
Closing Costs
$16,485

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 70% down payment or higher enables the proceeds from the asset to cover all costs.

$3,817

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $274,750
Loan Amount $824,250
See What Happens When You Reinvest Cash Flow

0.92

YEARS SAVED

$4,778

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $4,160

    LIST RENT
  • $2.45

    LIST RENT PER SQFT
  • $4,658

    COMP ESTIMATED VALUE
  • $2.74

    COMP AVG. RENT PER SQFT
Comps Range
$3,950
1$3,9502$4,1603$4,3004$5,000
$5,000
RENT COMPS ANALYSIS
  • 152 Catalina Ave Pacifica, CA 2
    • 5 beds 2 baths ∙ 1,700 Sqft ∙ Built 1964 5 beds 2 baths ∙ 1,700 Sqft ∙ Built 1964
    • Rent
    • Rent Per SQFT
    •  
    • $4,160
    • $2.45
    •  
  • 3830 Kent Way South San Francisco, CA 1
    • 4 beds 3 baths ∙ 1,770 Sqft ∙ Built 1971 4 beds 3 baths ∙ 1,770 Sqft ∙ Built 1971
    LEASED 01/09/21
    • Rent
    • Rent Per SQFT
    •  
    • $3,950
    • $2.23
    •  
  • 206 Avalon Dr Daly City, CA 3
    • 4 beds 3 baths ∙ 1,360 Sqft ∙ Built 1974 4 beds 3 baths ∙ 1,360 Sqft ∙ Built 1974
    LEASED 11/18/20
    • Rent
    • Rent Per SQFT
    •  
    • $4,300
    • $3.16
    •  
  • 2800 Oakmont Dr San Bruno, CA 4
    • 5 beds 2 baths ∙ 1,765 Sqft ∙ Built 1963 5 beds 2 baths ∙ 1,765 Sqft ∙ Built 1963
    LEASED 06/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $5,000
    • $2.83
    •  
PROPERTY LISTING DETAILS
Juliette Kulda Group
Kw Peninsula Estates
BESbswy