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3527 Lowell St San Diego, CA 92106

3 Beds 4 Baths 2,557 sqft Built 1990

$1,500,000

List Price

$5,290

$5K - $5.5K

Rent Est.

PROPERTY INFO

January 02, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1990
  • Price/Sqft : $586.62
  • 3 Days on Market
  • MLS # : 200054926
  • Updated Date : 01/02/2021 at 19:22
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,557 sqft
  • Baths : 3 full , 1 half
Listing Agent

Coldwell Banker West

Listing Agent's Description

This beautiful property sits atop the hill in the Roseville – Fleet Ridge neighborhood of Point Loma. It features near panoramic views of Downtown, San Diego Bay, Coronado Bridge, and out into the Pacific and is located on a quiet (no outlet) street. Open & spacious floor plan and impeccable attention to detail can be found throughout the home. The living room boasts exposed beam ceilings, built-in book shelves and fireplace. Possible ADU w/existing 2nd floor or master suite. See supplemental remarks...

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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: Roseville

NeighborhoodNIR Market*CityMarket2010Year20002019300k400k500k600k700k800k900k1000kPrice in $233k1016k

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

Neighborhood: Roseville

NeighborhoodNIR Market*CityMarket2010Year2000 Q42019 Q21800200022002400260028003000320034003600380040004200Rent in $16274379

* 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
Silver Gate Elementary School Primary Regular 569 21 9
Correia Middle School Middle Regular 838 32 7
Point Loma High School High Regular 1,880 79 8

Silver Gate Elementary School

  • Education Level: Primary
  • # of students: 569
  • # of teachers: 21
9
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
 

$1,350,000$1,650,000$1,500,000

PURCHASE PRICE

$4,761$5,819$5,290

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $5,290
EXPENSES Loan Payment -$5,534
Property Tax -$1,457
Property Insurance -$91
Property Management Fees -$129
CASH FLOW
-$1,922

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.

$1,500,000

PROJECTED PRICE

$5,290

PROJECTED RENT

0.35%

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$4.0M$4.5M

PROJECTED ANNUAL CASH FLOW

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

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$4.0M$4.5M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$403,250

INVESTMENT

$403,250

Down Payment
$375,000
Rehab Estimate
$5,750
Closing Costs
$22,500

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 65% down payment or higher enables the proceeds from the asset to cover all costs.

$5,534

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $375,000
Loan Amount $1,125,000
See What Happens When You Reinvest Cash Flow

0.83

YEARS SAVED

$6,149

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
  • $5,510

    COMP ESTIMATED VALUE
  • $2.16

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$5,5003$5,995
$5,995
RENT COMPS ANALYSIS
  • 3527 Lowell St San Diego, CA 1
    • 3 beds 4 baths ∙ 2,557 Sqft ∙ Built 1990 3 beds 4 baths ∙ 2,557 Sqft ∙ Built 1990
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 3126 Russell Street San Diego, CA 2
    • 4 beds 3 baths ∙ 2,560 Sqft ∙ Built 1975 4 beds 3 baths ∙ 2,560 Sqft ∙ Built 1975
    LEASED 11/24/19
    • Rent
    • Rent Per SQFT
    •  
    • $5,500
    • $2.15
    •  
  • 835 Armada Terrace San Diego, CA 3
    • 3 beds 4 baths ∙ 2,771 Sqft ∙ Built 1990 3 beds 4 baths ∙ 2,771 Sqft ∙ Built 1990
    LEASED 04/27/20
    • Rent
    • Rent Per SQFT
    •  
    • $5,995
    • $2.16
    •  
PROPERTY LISTING DETAILS
Jeannine Savory
1.619.800.0289
Coldwell Banker West
BESbswy