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270 Lomita Ave San Bruno, CA 94066

3 Beds 2 Baths 1,210 sqft Built 1956

$1,388,000

List Price

$3,950

$3.7K - $4.2K

Rent Est.

PROPERTY INFO

January 09, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1956
  • Price/Sqft : $1,147.11
  • 3 Days on Market
  • MLS # : ML81825140
  • Updated Date : 01/09/2021 at 10:36
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,210 sqft
  • Baths : 2 full
Listing Agent

Berkshire Hathaway Home Services California Realty

Listing Agent's Description

Welcome to 270 Lomita Ave! Nestled in San Bruno's Capuchino Village neighborhood, this outstanding home is located in the desirable Millbrae School District! This ranch style home boasts 3 bedrooms and 2 baths, a spacious living room, updated kitchen, hardwood floors, newer windows, and 2 car garage. The large living room features recessed lights, a fireplace, large windows, and opens up to the kitchen/dining area. The updated and modern kitchen offers white shaker style cabinets with subway tile backsplash, recessed lights, and access to the side yard making it easy to dine al fresco. Three bedrooms are located down the hall including the master bedroom featuring an updated bathroom. Great commuter location and easy access to fwy 280/101, Cal-train, and Bart. Conveniently close to shops and restaurants, and San Francisco International Airport. Don't miss out on this lovely family home centrally located between San Francisco and Silicon Valley.

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: Capuchino Village

NeighborhoodNIR Market*CityMarket2010Year20002019400k500k600k700k800k900k1000k1100k1200k1300k1400k1500kPrice in $366k1528k

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

Neighborhood: Capuchino Village

NeighborhoodNIR Market*CityMarket2010Year2000 Q32019 Q22000250030003500400045005000Rent in $17025135

* 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
El Crystal Elementary School Primary Regular 245 10 7
Parkside Intermediate School Middle Regular 859 36 5
Capuchino High School High Regular 1,105 60 7

El Crystal Elementary School

  • Education Level: Primary
  • # of students: 245
  • # of teachers: 10
7
GreatSchools Rating

Parkside Intermediate School

  • Education Level: Middle
  • # of students: 859
  • # of teachers: 36
5
GreatSchools Rating

Capuchino High School

  • Education Level: High
  • # of students: 1,105
  • # of teachers: 60
7
GreatSchools Rating
 

$1,249,200$1,526,800$1,388,000

PURCHASE PRICE

$3,555$4,345$3,950

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,950
EXPENSES Loan Payment -$4,821
Property Tax -$1,335
Property Insurance -$56
Property Management Fees -$154
CASH FLOW
-$2,416

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.

$1,388,000

PROJECTED PRICE

$3,950

PROJECTED RENT

0.28%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.83%
Appreciation Year (1-5) 10.6%
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

PROJECTED ANNUAL CASH FLOW

11530-$40k-$35k-$30k-$25k-$20k-$15k-$10k-$5.0k$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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$373,570

INVESTMENT

$373,570

Down Payment
$347,000
Rehab Estimate
$5,750
Closing Costs
$20,820

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$4,821

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $347,000
Loan Amount $1,041,000
See What Happens When You Reinvest Cash Flow

0

YEARS SAVED

$24

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
  • $3,951

    COMP ESTIMATED VALUE
  • $3.27

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$4,2953$4,3004$4,5005$4,600
$4,600
RENT COMPS ANALYSIS
  • 270 Lomita Ave San Bruno, CA 1
    • 3 beds 2 baths ∙ 1,210 Sqft ∙ Built 1956 3 beds 2 baths ∙ 1,210 Sqft ∙ Built 1956
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 352 Oak Ave San Bruno, CA 2
    • 3 beds 2 baths ∙ 1,400 Sqft ∙ Built 1950 3 beds 2 baths ∙ 1,400 Sqft ∙ Built 1950
    property image
    LEASED 07/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $4,295
    • $3.07
    •  
  • 1600 Parkview Dr San Bruno, CA 3
    • 3 beds 2 baths ∙ 1,240 Sqft ∙ Built 1955 3 beds 2 baths ∙ 1,240 Sqft ∙ Built 1955
    property image
    LEASED 08/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $4,300
    • $3.47
    •  
  • 1047 Pinehurst Ct Millbrae, CA 4
    • 3 beds 2 baths ∙ 1,380 Sqft ∙ Built 1956 3 beds 2 baths ∙ 1,380 Sqft ∙ Built 1956
    property image
    LEASED 02/29/20
    • Rent
    • Rent Per SQFT
    •  
    • $4,500
    • $3.26
    •  
  • 1369 Ridgewood Dr Millbrae, CA 5
    • 3 beds 2 baths ∙ 1,410 Sqft ∙ Built 1955 3 beds 2 baths ∙ 1,410 Sqft ∙ Built 1955
    property image
    LEASED 12/05/19
    • Rent
    • Rent Per SQFT
    •  
    • $4,600
    • $3.26
    •  
PROPERTY LISTING DETAILS
Lee Ginsburg
Berkshire Hathaway Home Services California Realty
BESbswy