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2030 Ebers St San Diego, CA 92107

2 Beds 2 Baths 1,121 sqft Built 1947

$985,000

List Price

$3,090

$2.8K - $3.3K

Rent Est.

PROPERTY INFO

October 30, 2020 RECENTLY ADDED
FACTS
  • Built In 1947
  • Price/Sqft : $878.68
  • 5 Days on Market
  • MLS # : 200050290
  • Updated Date : 10/30/2020 at 18:06
CONSTRUCTION
  • Beds : 2
  • Floor Size : 1,121 sqft
  • Baths : 2 full
Listing Agent

Renovation Realty

Listing Agent's Description

Ocean Beach Turn Key Home Now Available! You can fully enjoy the beach lifestyle in this upgraded home! Charming light and bright open floor plan featuring designer kitchen, 2 full custom bathrooms, new paint, beautiful durable flooring and spacious laundry/bonus room. Entertain in your private yard that gives way to new low maintenance landscaping, producing avocado tree and alley access. Steps to shopping and restaurants on Newport. Don't miss this opportunity to own at the beach!

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: Ocean Beach

NeighborhoodNIR Market*CityMarket2010Year20002019250k300k350k400k450k500k550k600k650k700k750kPrice in $233k761k

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

Neighborhood: Ocean Beach

NeighborhoodNIR Market*CityMarket2010Year2000 Q42019 Q218002000220024002600280030003200Rent in $16273399

* 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 Beach Elementary School Primary Regular 487 19 9
Correia Middle School Middle Regular 838 32 7
Point Loma High School High Regular 1,880 79 8

Ocean Beach Elementary School

  • Education Level: Primary
  • # of students: 487
  • # of teachers: 19
9
GreatSchools Rating

Correia Middle School

  • Education Level: Middle
  • # of students: 838
  • # of teachers: 32
7
GreatSchools Rating

Point Loma High School

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

$886,500$1,083,500$985,000

PURCHASE PRICE

$2,781$3,399$3,090

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,090
EXPENSES Loan Payment -$3,634
Property Tax -$957
Property Insurance -$55
Property Management Fees -$129
CASH FLOW
-$1,685

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.

$985,000

PROJECTED PRICE

$3,090

PROJECTED RENT

0.31%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.41%
Appreciation Year (1-5) 5.8%
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

PROJECTED ANNUAL CASH FLOW

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$500k$1.0M$1.5M$2.0M$2.5M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$266,775

INVESTMENT

$266,775

Down Payment
$246,250
Rehab Estimate
$5,750
Closing Costs
$14,775

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$3,634

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $246,250
Loan Amount $738,750
See What Happens When You Reinvest Cash Flow

0.17

YEARS SAVED

$119

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
  • $2,774

    COMP ESTIMATED VALUE
  • $2.47

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,8503$2,1004$2,1955$2,500
$2,500
RENT COMPS ANALYSIS
  • 2030 Ebers St San Diego, CA 1
    • 2 beds 2 baths ∙ 1,121 Sqft ∙ Built 1947 2 beds 2 baths ∙ 1,121 Sqft ∙ Built 1947
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 2110 Sunset Cliffs Blvd #apt.2 + Grg.5 San Diego, CA 2
    • 2 beds 1 baths ∙ 800 Sqft ∙ Built 1967 2 beds 1 baths ∙ 800 Sqft ∙ Built 1967
    LEASED 12/31/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,850
    • $2.31
    •  
  • 4357 Rialto Street San Diego, CA 3
    • 2 beds 1 baths ∙ 800 Sqft ∙ Built 1956 2 beds 1 baths ∙ 800 Sqft ∙ Built 1956
    LEASED 10/11/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,100
    • $2.63
    •  
  • 3011 Loma Riviera Dr San Diego, CA 4
    • 2 beds 1 baths ∙ 876 Sqft ∙ Built 1965 2 beds 1 baths ∙ 876 Sqft ∙ Built 1965
    LEASED 10/20/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,195
    • $2.51
    •  
  • 3832 Groton St. #4 San Diego, CA 5
    • 2 beds 2 baths ∙ 1,018 Sqft ∙ Built 1964 2 beds 2 baths ∙ 1,018 Sqft ∙ Built 1964
    LEASED 08/08/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $2.46
    •  
PROPERTY LISTING DETAILS
Lisa Carey
1.619.405.9911
Renovation Realty
BESbswy