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346 Santa Clara Ave Oakland, CA 94610

4 Beds 2 Baths 2,124 sqft Built 1924

$1,100,000

List Price

$5,120

$4.9K - $5.4K

Rent Est.

PROPERTY INFO

November 11, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1924
  • Price/Sqft : $517.89
  • 5 Days on Market
  • MLS # : EB40928890
  • Updated Date : 11/13/2020 at 09:55
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,124 sqft
  • Baths : 2 full
Listing Agent

Keller Williams Realty

Listing Agent's Description

Holy curb appeal! Talk about making a statement-this Grand Lake Mediterranean stunner is ideally located close to Grand & Piedmont Avenues and everything you love about Oakland living. The main house features ample living space both indoors and out, with tons of light and great views throughout. A spacious living room leads to the formal dining room, which is located just off of the large and updated kitchen. Four bedrooms and two full bathrooms on the two upper levels offer plenty of room for everyone. The bonus studio has its own separate entrance and is perfect for your work-from-home office. If you're not already sold, the backyard will seal the deal: a private covered patio off the media/rumpus room is the perfect place for outdoor dinners with a terraced garden backdrop. Make your way up the steps to the deck with killer views and a lush garden ready for you to make your mark. Two separate garages are nice to have, but you'll be walking a lot in this neighborhood! You'll swoon.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Grand Lake

NeighborhoodNIR Market*CityMarket2010Year20002019300k400k500k600k700k800k900k1000kPrice in $244k1078k

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

Neighborhood: Grand Lake

NeighborhoodNIR Market*CityMarket2010Year20012019 Q2160018002000220024002600280030003200340036003800400042004400Rent in $14184473

* 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
Chabot Elementary School Primary Regular 573 22 10
Hillcrest Elementary School Middle Regular 359 15 10
Oakland High School High Regular 1,515 67 5

Chabot Elementary School

  • Education Level: Primary
  • # of students: 573
  • # of teachers: 22
10
GreatSchools Rating

Hillcrest Elementary School

  • Education Level: Middle
  • # of students: 359
  • # of teachers: 15
10
GreatSchools Rating

Oakland High School

  • Education Level: High
  • # of students: 1,515
  • # of teachers: 67
5
GreatSchools Rating
 

$990,000$1,210,000$1,100,000

PURCHASE PRICE

$4,608$5,632$5,120

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $5,120
EXPENSES Loan Payment -$4,059
Property Tax -$1,691
Property Insurance -$78
Property Management Fees -$251
CASH FLOW
-$959

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 13% of earned rent to cover both maintenance and periods of vacancy.

$1,100,000

PROJECTED PRICE

$5,120

PROJECTED RENT

0.47%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 5.00%
Appreciation Year (1-5) 14.2%
Maintenance Year (1-5) 8.00%
Vacancy 5.09%
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

PROJECTED ANNUAL CASH FLOW

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$297,250

INVESTMENT

$297,250

Down Payment
$275,000
Rehab Estimate
$5,750
Closing Costs
$16,500

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 60% down payment or higher enables the proceeds from the asset to cover all costs.

$4,059

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $275,000
Loan Amount $825,000
See What Happens When You Reinvest Cash Flow

2.33

YEARS SAVED

$21,601

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
  • $5,894

    COMP ESTIMATED VALUE
  • $2.78

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$4,9953$5,2754$5,8005$6,950
$6,950
RENT COMPS ANALYSIS
  • 346 Santa Clara Ave Oakland, CA 1
    • 4 beds 2 baths ∙ 2,124 Sqft ∙ Built 1924 4 beds 2 baths ∙ 2,124 Sqft ∙ Built 1924
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 1048 Annerley Rd Oakland, CA 2
    • 4 beds 3 baths ∙ 1,781 Sqft ∙ Built 1930 4 beds 3 baths ∙ 1,781 Sqft ∙ Built 1930
    property image
    LEASED 03/26/20
    • Rent
    • Rent Per SQFT
    •  
    • $4,995
    • $2.80
    •  
  • 296 Jayne Avenue Oakland, CA 3
    • 3 beds 3 baths ∙ 2,158 Sqft ∙ Built 1911 3 beds 3 baths ∙ 2,158 Sqft ∙ Built 1911
    property image
    LEASED 08/03/20
    • Rent
    • Rent Per SQFT
    •  
    • $5,275
    • $2.44
    •  
  • 316 Jerome Ave Piedmont, CA 4
    • 4 beds 3 baths ∙ 2,202 Sqft ∙ Built 1918 4 beds 3 baths ∙ 2,202 Sqft ∙ Built 1918
    property image
    LEASED 10/22/20
    • Rent
    • Rent Per SQFT
    •  
    • $5,800
    • $2.63
    •  
  • 1624 Lower Grand Ave Piedmont, CA 5
    • 3 beds 3 baths ∙ 2,151 Sqft ∙ Built 1923 3 beds 3 baths ∙ 2,151 Sqft ∙ Built 1923
    property image
    LEASED 08/13/20
    • Rent
    • Rent Per SQFT
    •  
    • $6,950
    • $3.23
    •  
PROPERTY LISTING DETAILS
Kerri Naslund
Keller Williams Realty
BESbswy