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1930 Santa Cruz Ave Menlo Park, CA 94025

3 Beds 1 Baths 1,150 sqft Built 1946

$1,925,000

List Price

$4,530

$4.3K - $4.8K

Rent Est.

PROPERTY INFO

January 15, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1946
  • Price/Sqft : $1,673.91
  • 3 Days on Market
  • MLS # : ML81825984
  • Updated Date : 01/16/2021 at 10:57
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,150 sqft
  • Baths : 1 full
Listing Agent

Netequity Real Estate

Listing Agent's Description

Welcome to this beautifully updated home in Menlo Park. Gleaming hardwood floors greet you as you enter the front door. Roomy living room with a wood burning fireplace. The kitchen features stainless steel appliances, custom cabinets, granite counter tops and, a peninsula with bar seating. Entertain in the formal dining room or barbecue on the spacious deck. There are three bedrooms and a remodeled bathroom with dual sink granite vanity. Convenient separate laundry and storage room with washer/dryer. Private back yard perfect your outdoor enjoyment. Newly installed roof in 2019. Walk to vibrant downtown Menlo Park or local shops and restaurants. Award winning Menlo Park schools.

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: University Heights

NeighborhoodNIR Market*CityMarket2010Year20002019600k800k1000k1200k1400k1600k1800k2000k2200k2400k2600k2800k3000k3200kPrice in $450k3361k

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

Neighborhood: University Heights

NeighborhoodNIR Market*CityMarket2010Year2000 Q32019 Q22500300035004000450050005500600065007000750080008500Rent in $20738661

* 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
La Entrada Middle School Primary Regular 776 40 9
La Entrada Middle School Middle Regular 776 40 9
Menlo-atherton High School High Regular 2,158 112 8

La Entrada Middle School

  • Education Level: Primary
  • # of students: 776
  • # of teachers: 40
9
GreatSchools Rating

La Entrada Middle School

  • Education Level: Middle
  • # of students: 776
  • # of teachers: 40
9
GreatSchools Rating

Menlo-atherton High School

  • Education Level: High
  • # of students: 2,158
  • # of teachers: 112
8
GreatSchools Rating
 

$1,732,500$2,117,500$1,925,000

PURCHASE PRICE

$4,077$4,983$4,530

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $4,530
EXPENSES Loan Payment -$6,686
Property Tax -$1,927
Property Insurance -$55
Property Management Fees -$177
CASH FLOW
-$4,315

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.

$1,925,000

PROJECTED PRICE

$4,530

PROJECTED RENT

0.24%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.17%
Appreciation Year (1-5) 12.8%
Maintenance Year (1-5) 8.00%
Vacancy 6.37%
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$515,875

INVESTMENT

$515,875

Down Payment
$481,250
Rehab Estimate
$5,750
Closing Costs
$28,875

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$6,686

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $481,250
Loan Amount $1,443,750
See What Happens When You Reinvest Cash Flow

-0.25

YEARS SAVED

-$229

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $4,530

    LIST RENT
  • $3.94

    LIST RENT PER SQFT
  • $4,370

    COMP ESTIMATED VALUE
  • $3.8

    COMP AVG. RENT PER SQFT
Comps Range
$4,530
1$4,5302$5,250
$5,250
RENT COMPS ANALYSIS
  • 1930 Santa Cruz Ave Menlo Park, CA 1
    • 3 beds 1 baths ∙ 1,150 Sqft ∙ Built 1946 3 beds 1 baths ∙ 1,150 Sqft ∙ Built 1946
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $4,530
    • $3.94
    •  
  • 2190 Gordon Ave Menlo Park, CA 2
    • 3 beds 2 baths ∙ 1,380 Sqft ∙ Built 1954 3 beds 2 baths ∙ 1,380 Sqft ∙ Built 1954
    property image
    LEASED 10/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $5,250
    • $3.80
    •  
PROPERTY LISTING DETAILS
Jim Tierney
Netequity Real Estate
BESbswy