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3009 La Costa Ave Carlsbad, CA 92009

4 Beds 3 Baths 2,227 sqft Built 1978

$1,325,000

List Price

$3,630

$3.4K - $3.9K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
FACTS
  • Single Family
  • Built In 1978
  • Price/Sqft : $594.97
  • 10 Days on Market
  • MLS # : 210006505
  • Updated Date : 03/18/2021 at 23:04
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,227 sqft
  • Baths : 2 full , 1 half
Listing Agent

Compass

Listing Agent's Description

Stunning remodeled home in La costa, No expense was spared to make this remodeled home modern, open, and truly turn-key. With over 16,000 sq ft LOT. Mostly flat. Completely remodeled top to bottom, new cabinets, floorings, windows, staircase, railing, new turf, wood accents, completely fenced in! This one is one of a kind, a backyard entertainer dream! with 3 car garage and RV/boat parking on the opposite side. Ample space to build a casita, have a pool and still enjoy plenty of space.

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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: Rancho la Costa

NeighborhoodNIR Market*CityMarket2010Year20002019250k300k350k400k450k500k550k600k650k700k750k800k850kPrice in $240k892k

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

Neighborhood: Rancho la Costa

NeighborhoodNIR Market*CityMarket2010Year2000 Q42019 Q2180020002200240026002800300032003400360038004000Rent in $16274026

* 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
Oak Crest Middle School Middle Regular 852 36 8
La Costa Canyon High School High Regular 2,013 79 9

Oak Crest Middle School

  • Education Level: Middle
  • # of students: 852
  • # of teachers: 36
8
GreatSchools Rating

La Costa Canyon High School

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

$1,192,500$1,457,500$1,325,000

PURCHASE PRICE

$3,267$3,993$3,630

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,630
EXPENSES Loan Payment -$4,602
Property Tax -$1,284
Property Insurance -$83
Property Management Fees -$129
CASH FLOW
-$2,469

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.

$1,325,000

PROJECTED PRICE

$3,630

PROJECTED RENT

0.27%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.41%
Appreciation Year (1-5) 5.6%
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$3.0M$3.5M

PROJECTED ANNUAL CASH FLOW

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$500k$1.0M$1.5M$2.0M$2.5M$3.0M$3.5M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$356,875

INVESTMENT

$356,875

Down Payment
$331,250
Rehab Estimate
$5,750
Closing Costs
$19,875

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$4,602

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $331,250
Loan Amount $993,750
See What Happens When You Reinvest Cash Flow

0.08

YEARS SAVED

$82

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,630

    LIST RENT
  • $1.63

    LIST RENT PER SQFT
  • $3,578

    COMP ESTIMATED VALUE
  • $1.61

    COMP AVG. RENT PER SQFT
Comps Range
$2,900
1$2,9002$3,3503$3,4954$3,630
$3,630
RENT COMPS ANALYSIS
  • 3009 La Costa Ave Carlsbad, CA 4
    • 4 beds 3 baths ∙ 2,227 Sqft ∙ Built 1978 4 beds 3 baths ∙ 2,227 Sqft ∙ Built 1978
    • Rent
    • Rent Per SQFT
    •  
    • $3,630
    • $1.63
    •  
  • 7801 Centella St #6 Carlsbad, CA 1
    • 3 beds 3 baths ∙ 1,914 Sqft ∙ Built 1982 3 beds 3 baths ∙ 1,914 Sqft ∙ Built 1982
    LEASED 04/22/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,900
    • $1.52
    •  
  • 2846 Luciernaga St Carlsbad, CA 2
    • 3 beds 4 baths ∙ 1,934 Sqft ∙ Built 1974 3 beds 4 baths ∙ 1,934 Sqft ∙ Built 1974
    LEASED 03/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,350
    • $1.73
    •  
  • 2737 Abejorro Carlsbad, CA 3
    • 3 beds 3 baths ∙ 2,224 Sqft ∙ Built 1980 3 beds 3 baths ∙ 2,224 Sqft ∙ Built 1980
    LEASED 07/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,495
    • $1.57
    •  
PROPERTY LISTING DETAILS
Joe Corbisiero
1.760.201.9252
Compass
1.866.250.5610
San Diego MLS ( SDMLS)
MLS #: 210006505
Last Updated: 03/18/2021
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