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2317 Cambridge Ave San Diego, CA 92007

3 Beds 4 Baths 2,125 sqft Built 2004

INVESTimate

$1,725,000

List Price

$5,570

$5,320 - $5,820

Rent Est.

$1,829,535  ( +6.06%)   1 YR EST. FORECAST

PROPERTY INFO

August 23, 2020 RECENTLY ADDED
FACTS
  • Built In 2004
  • Price/Sqft : $811.76
  • 4 Days on Market
  • MLS # : 200040846
  • Updated Date : 08/24/2020 at 02:43
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,125 sqft
  • Baths : 3 full , 1 half
Listing Agent

Seaside Executives

Listing Agent's Description

Welcome to this beautiful craftsman style beach home located just blocks from ocean! This thoughtfully designed tri-level home offers a gourmet kitchen, dining room, and family room with a deck on the top floor, maximizing the stunning ocean views in your main living areas. The second level is a true master retreat, with a private deck to enjoy the picturesque sunsets. The first floor has 2 bedrooms, 2 bathrooms, a nice kitchenette, and an additional living area with a separate entry. See supplement!

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • 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]

PRICE & RENT TRENDS

Neighborhood: Cardiff

NeighborhoodNIR Market*CityMarket2010Year20002019300k400k500k600k700k800k900k1000k1100kPrice in $240k1158k

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

Neighborhood: Cardiff

NeighborhoodNIR Market*CityMarket2010Year2000 Q42019 Q21800200022002400260028003000320034003600380040004200Rent in $16274345

* 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
Ada Harris School Primary Regular 370 16 8
Ada Harris School Middle Regular 370 16 8
La Costa Canyon High School High Regular 2,013 79 9

Ada Harris School

  • Education Level: Primary
  • # of students: 370
  • # of teachers: 16
8
GreatSchools Rating

Ada Harris School

  • Education Level: Middle
  • # of students: 370
  • # of teachers: 16
8
GreatSchools Rating

La Costa Canyon High School

  • Education Level: High
  • # of students: 2,013
  • # of teachers: 79
9
GreatSchools Rating
 

$1,552,500$1,897,500$1,725,000

PURCHASE PRICE

$5,013$6,127$5,570

RENT

DOWN PAYMENT
FINANCING

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$1.0M$2.0M$3.0M$4.0M$5.0M

PROJECTED ANNUAL CASH FLOW

11530-$40k-$30k-$20k-$10k$0.0$10k$20k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$1.0M$2.0M$3.0M$4.0M$5.0M

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $5,570
EXPENSES Loan Payment -$6,364
Property Tax -$1,690
Property Insurance -$81
Property Management Fees -$129
CASH FLOW
-$2,694

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.

$1,725,000

PROJECTED PRICE

$5,570

PROJECTED RENT

0.32%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.41%
Appreciation Year (1-5) 6.06%
Maintenance Year (1-5) 8.00%
Vacancy 5.56%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$462,875

INVESTMENT

$462,875

Down Payment
$431,250
Rehab Estimate
$5,750
Closing Costs
$25,875

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$6,364

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $431,250
Loan Amount $1,293,750
See What Happens When You Reinvest Cash Flow

0.25

YEARS SAVED

$507

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
  • $6,099

    COMP ESTIMATED VALUE
  • $2.87

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$5,2003$7,900
$7,900
RENT COMPS ANALYSIS
  • 2317 Cambridge Ave San Diego, 1
    • 3 beds 4 baths ∙ 2,125 Sqft ∙ Built 2004 3 beds 4 baths ∙ 2,125 Sqft ∙ Built 2004
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 421 N Cedros Ave Solana Beach, 2
    • 3 beds 4 baths ∙ 2,142 Sqft ∙ Built 2005 3 beds 4 baths ∙ 2,142 Sqft ∙ Built 2005
    property image
    LEASED 03/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $5,200
    • $2.43
    •  
  • 2327 San Elijo Ave Cardiff, 3
    • 3 beds 3 baths ∙ 2,390 Sqft ∙ Built 1987 3 beds 3 baths ∙ 2,390 Sqft ∙ Built 1987
    property image
    LEASED 05/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $7,900
    • $3.31
    •  
PROPERTY LISTING DETAILS
Carrie Browne
1.858.449.1819
Seaside Executives
BESbswy