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2160 Alameda De Las Pulgas Redwood City, CA 94061

4 Beds 3 Baths 2,010 sqft Built 1947

$1,895,000

List Price

$5,520

$5.3K - $5.8K

Rent Est.

PROPERTY INFO

November 12, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1947
  • Price/Sqft : $942.79
  • 4 Days on Market
  • MLS # : ML81820060
  • Updated Date : 11/13/2020 at 11:31
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,010 sqft
  • Baths : 2 full , 1 half
Listing Agent

Golden Gate Sotheby's International Realty

Listing Agent's Description

Centrally located between Silicon Valley and San Francisco this ranch style home is approximately 2,010 square feet offering 4 bedrooms 2 bathrooms, large living room with fireplace, family room with fireplace and kitchen with an eating area. Off of the kitchen is the laundry room and a 1/4 bathroom. From the laundry room you can access the 2 car garage. There is a separate building in the backyard that could be used for a workshop, art room or office. The approximate 17,360 square foot lot offers the possibility of expanding the home or building a new one. Close to highways 280 and 101, schools and shopping.

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • 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)

PRICE & RENT TRENDS

Neighborhood: Woodside Heights

NeighborhoodNIR Market*CityMarket2010Year20002019500k1000k1500k2000k2500k3000k3500kPrice in $445k3791k

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

Neighborhood: Woodside Heights

NeighborhoodNIR Market*CityMarket2010Year2000 Q32019 Q220003000400050006000700080009000Rent in $17059505

* 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
Selby Lane Elementary School Primary Regular 729 31 5
John F. Kennedy Middle School Middle Regular 728 36 5
Woodside High School High Magnet 1,815 106 7

Selby Lane Elementary School

  • Education Level: Primary
  • # of students: 729
  • # of teachers: 31
5
GreatSchools Rating

John F. Kennedy Middle School

  • Education Level: Middle
  • # of students: 728
  • # of teachers: 36
5
GreatSchools Rating

Woodside High School

  • Education Level: High
  • # of students: 1,815
  • # of teachers: 106
7
GreatSchools Rating
 

$1,705,500$2,084,500$1,895,000

PURCHASE PRICE

$4,968$6,072$5,520

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $5,520
EXPENSES Loan Payment -$6,992
Property Tax -$1,631
Property Insurance -$76
Property Management Fees -$215
CASH FLOW
-$3,393

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.

$1,895,000

PROJECTED PRICE

$5,520

PROJECTED RENT

0.29%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.83%
Appreciation Year (1-5) 13.6%
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$1.0M$2.0M$3.0M$4.0M$5.0M$6.0M$7.0M

PROJECTED ANNUAL CASH FLOW

11530-$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$507,925

INVESTMENT

$507,925

Down Payment
$473,750
Rehab Estimate
$5,750
Closing Costs
$28,425

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$6,992

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $473,750
Loan Amount $1,421,250
See What Happens When You Reinvest Cash Flow

0.08

YEARS SAVED

$101

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $5,520

    LIST RENT
  • $2.75

    LIST RENT PER SQFT
  • $5,990

    COMP ESTIMATED VALUE
  • $2.98

    COMP AVG. RENT PER SQFT
Comps Range
$5,200
1$5,2002$5,5003$5,5204$6,5005$6,500
$6,500
RENT COMPS ANALYSIS
  • 2160 Alameda De Las Pulgas Redwood City, CA 3
    • 4 beds 3 baths ∙ 2,010 Sqft ∙ Built 1947 4 beds 3 baths ∙ 2,010 Sqft ∙ Built 1947
    • Rent
    • Rent Per SQFT
    •  
    • $5,520
    • $2.75
    •  
  • 2145 Woodside Rd Redwood City, CA 1
    • 3 beds 2 baths ∙ 1,820 Sqft ∙ Built 1947 3 beds 2 baths ∙ 1,820 Sqft ∙ Built 1947
    LEASED 01/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $5,200
    • $2.86
    •  
  • 2022 Hampton Ave Redwood City, CA 2
    • 3 beds 3 baths ∙ 1,890 Sqft ∙ Built 1950 3 beds 3 baths ∙ 1,890 Sqft ∙ Built 1950
    LEASED 10/31/19
    • Rent
    • Rent Per SQFT
    •  
    • $5,500
    • $2.91
    •  
  • 610 Woodside Dr Woodside, CA 4
    • 4 beds 3 baths ∙ 2,240 Sqft ∙ Built 1953 4 beds 3 baths ∙ 2,240 Sqft ∙ Built 1953
    LEASED 10/06/19
    • Rent
    • Rent Per SQFT
    •  
    • $6,500
    • $2.90
    •  
  • 307 Santa Clara Avenue Redwood City, CA 5
    • 3 beds 3 baths ∙ 2,000 Sqft ∙ Built 1956 3 beds 3 baths ∙ 2,000 Sqft ∙ Built 1956
    LEASED 07/31/20
    • Rent
    • Rent Per SQFT
    •  
    • $6,500
    • $3.25
    •  
PROPERTY LISTING DETAILS
Grant Keeler
Golden Gate Sotheby's International Realty
BESbswy