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3472 Larga Cir San Diego, CA 92110

4 Beds 2 Baths 2,072 sqft Built 1960

$1,250,000

List Price

$4,070

$3.8K - $4.3K

Rent Est.

PROPERTY INFO

FACTS
  • Single Family
  • Built In 1960
  • Price/Sqft : $603.28
  • 9 Days on Market
  • MLS # : 210000643
  • Updated Date : 01/12/2021 at 20:51
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,072 sqft
  • Baths : 2 full
Listing Agent

Compass

Listing Agent's Description

Presenting 3472 Larga, an immaculate single-story Mid Century Modern with an unmatched design caliber that is as coveted as it is rare. This modern masterpiece is sure to please even the most discerning clientele. Located in the heart of Point Loma near Liberty Station with easy access to beaches, parks and freeways. No detail was overlooked, rebuilt down to the studs and crafted with the finest hand selected finishes ensuring the harmony of both beauty and function. See supplement for additional info:

SEE MORE

MARKET HIGHLIGHTS

  • 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]
  • 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)

PRICE & RENT TRENDS

Neighborhood: Loma Portal

NeighborhoodNIR Market*CityMarket2010Year20002019300k400k500k600k700k800k900kPrice in $233k982k

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

Neighborhood: Loma Portal

NeighborhoodNIR Market*CityMarket2010Year2000 Q42019 Q218002000220024002600280030003200340036003800Rent in $16273926

* 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
Loma Portal Elementary School Primary Regular 434 16 8
Correia Middle School Middle Regular 838 32 7
Point Loma High School High Regular 1,880 79 8

Loma Portal Elementary School

  • Education Level: Primary
  • # of students: 434
  • # of teachers: 16
8
GreatSchools Rating

Correia Middle School

  • Education Level: Middle
  • # of students: 838
  • # of teachers: 32
7
GreatSchools Rating

Point Loma High School

  • Education Level: High
  • # of students: 1,880
  • # of teachers: 79
8
GreatSchools Rating
 

$1,125,000$1,375,000$1,250,000

PURCHASE PRICE

$3,663$4,477$4,070

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $4,070
EXPENSES Loan Payment -$4,342
Property Tax -$1,214
Property Insurance -$79
Property Management Fees -$129
CASH FLOW
-$1,694

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.

$1,250,000

PROJECTED PRICE

$4,070

PROJECTED RENT

0.33%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.41%
Appreciation Year (1-5) 6.5%
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-$30k-$20k-$10k$0.0$10k$20k

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$337,000

INVESTMENT

$337,000

Down Payment
$312,500
Rehab Estimate
$5,750
Closing Costs
$18,750

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$4,342

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $312,500
Loan Amount $937,500
See What Happens When You Reinvest Cash Flow

0.42

YEARS SAVED

$1,233

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $4,070

    LIST RENT
  • $1.96

    LIST RENT PER SQFT
  • $4,096

    COMP ESTIMATED VALUE
  • $1.98

    COMP AVG. RENT PER SQFT
Comps Range
$4,000
1$4,0002$4,0703$4,2004$4,500
$4,500
RENT COMPS ANALYSIS
  • 3472 Larga Cir San Diego, CA 2
    • 4 beds 2 baths ∙ 2,072 Sqft ∙ Built 1960 4 beds 2 baths ∙ 2,072 Sqft ∙ Built 1960
    • Rent
    • Rent Per SQFT
    •  
    • $4,070
    • $1.96
    •  
  • 3550 Wawona Dr San Diego, CA 1
    • 3 beds 3 baths ∙ 2,193 Sqft ∙ Built 1980 3 beds 3 baths ∙ 2,193 Sqft ∙ Built 1980
    LEASED 05/31/20
    • Rent
    • Rent Per SQFT
    •  
    • $4,000
    • $1.82
    •  
  • 2186 W California Street San Diego, CA 3
    • 4 beds 3 baths ∙ 1,893 Sqft ∙ Built 1943 4 beds 3 baths ∙ 1,893 Sqft ∙ Built 1943
    LEASED 12/23/19
    • Rent
    • Rent Per SQFT
    •  
    • $4,200
    • $2.22
    •  
  • 1474 Liggett Way San Diego, CA 4
    • 4 beds 3 baths ∙ 2,379 Sqft ∙ Built 1957 4 beds 3 baths ∙ 2,379 Sqft ∙ Built 1957
    LEASED 04/29/20
    • Rent
    • Rent Per SQFT
    •  
    • $4,500
    • $1.89
    •  
PROPERTY LISTING DETAILS
Arash Rokni
1.619.762.0777
Compass
BESbswy