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

1977 Titus Street San Diego, CA 92110

3 Beds 3 Baths 2,409 sqft Built 1928

$1,695,000

List Price

$4,460

$4.2K - $4.7K

Rent Est.

PROPERTY INFO

FACTS
  • Single Family
  • Built In 1928
  • Price/Sqft : $703.61
  • 102 Days on Market
  • MLS # : 200047208
  • Updated Date : 11/10/2020 at 21:54
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,409 sqft
  • Baths : 2 full , 1 half
Listing Agent

Pacific Sotheby's Int'l Realty

Listing Agent's Description

Exquisite Spanish sanctuary with expansive bay and city views offers urban oasis atop Mission Hills. Picture-perfect exterior and interior reflect sophistication and attention to architectural detail. Tiled formal entry features elegant wrought iron staircase and segues to spacious living room with wood floors, fireplace and dramatic views. Remodeled kitchen with breakfast area opens to view terrace. Upstairs master suite features luxurious bath, walk-in closet and private balcony.Detached two-car garage.

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • 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)

PRICE & RENT TRENDS

Neighborhood: Mission Hills

NeighborhoodNIR Market*CityMarket2010Year20002019300k400k500k600k700k800k900k1000kPrice in $233k1077k

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

Neighborhood: Mission Hills

NeighborhoodNIR Market*CityMarket2010Year2000 Q42019 Q21800200022002400260028003000320034003600380040004200Rent in $16274202

* 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
Grant Elementary School Primary Regular 718 31 8
Grant Elementary School Middle Regular 718 31 8
Point Loma High School High Regular 1,880 79 8

Grant Elementary School

  • Education Level: Primary
  • # of students: 718
  • # of teachers: 31
8
GreatSchools Rating

Grant Elementary School

  • Education Level: Middle
  • # of students: 718
  • # of teachers: 31
8
GreatSchools Rating

Point Loma High School

  • Education Level: High
  • # of students: 1,880
  • # of teachers: 79
8
GreatSchools Rating
 

$1,525,500$1,864,500$1,695,000

PURCHASE PRICE

$4,014$4,906$4,460

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $4,460
EXPENSES Loan Payment -$5,887
Property Tax -$1,647
Property Insurance -$88
Property Management Fees -$129
CASH FLOW
-$3,291

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.

$1,695,000

PROJECTED PRICE

$4,460

PROJECTED RENT

0.26%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.41%
Appreciation Year (1-5) 4.3%
Maintenance Year (1-5) 8.00%
Vacancy 5.56%
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-$50k-$40k-$30k-$20k-$10k$0.0

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$454,925

INVESTMENT

$454,925

Down Payment
$423,750
Rehab Estimate
$5,750
Closing Costs
$25,425

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 80% down payment or higher enables the proceeds from the asset to cover all costs.

$5,887

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $423,750
Loan Amount $1,271,250
See What Happens When You Reinvest Cash Flow

0.08

YEARS SAVED

$73

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $4,460

    LIST RENT
  • $1.85

    LIST RENT PER SQFT
  • COMP ESTIMATED VALUE
  • COMP AVG. RENT PER SQFT
Comps Range
$4,460
1$4,460
$4,460
RENT COMPS ANALYSIS
  • 1977 Titus Street San Diego, CA
    • 3 beds 3 baths ∙ 2,409 Sqft ∙ Built 1928 3 beds 3 baths ∙ 2,409 Sqft ∙ Built 1928
    • Rent
    • Rent Per SQFT
    •  
    • $4,460
    • $1.85
    •  
PROPERTY LISTING DETAILS
Janna Hernholm
1.619.299.4272
Pacific Sotheby's Int'l Realty
BESbswy