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PROPERTY INFO
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
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Capuchino Village
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
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
| 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
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$373,570
LOAN DETAILS
$4,821
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $347,000 |
| Loan Amount | $1,041,000 |
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
-
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
Berkshire Hathaway Home Services California Realty
