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3601 Mount Acadia Blvd San Diego, CA 92111

4 Beds 2 Baths 2,015 sqft Built 1959

INVESTimate

$829,500

List Price

$2,900

$2,650 - $3,150

Rent Est.

$883,583  ( +6.52%)   1 YR EST. FORECAST

PROPERTY INFO

FACTS
  • Built In 1959
  • Price/Sqft : $411.66
  • 41 Days on Market
  • MLS # : 200040248
  • Updated Date : 08/21/2020 at 15:15
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,015 sqft
  • Baths : 2 full
Listing Agent

Steele Canyon Realty

Listing Agent's Description

This Mount Streets house was completely rebuilt from the ground up in 2015! All new plumbing, electrical, drywall, windows- it's ready for you to move in! Huge chef's kitchen opens to the vaulted ceiling living room - features SS appliances, granite, soft close cabinets w/pull-out storage. Great layout w/3 bd on one side of the home & add'l large bedroom on opposite plus separate dining room, laundry room, and storage. Covered patio w/fan, yard has built-in planters and avocado, citrus, apple, plum trees!

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MARKET HIGHLIGHTS

  • 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)
  • 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]

PRICE & RENT TRENDS

Neighborhood: Clairemont Mesa West

NeighborhoodNIR Market*CityMarket2010Year20002019250k300k350k400k450k500k550k600k650k700kPrice in $233k746k

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

Neighborhood: Clairemont Mesa West

NeighborhoodNIR Market*CityMarket2010Year2000 Q42019 Q218002000220024002600280030003200Rent in $16113384

* 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
Holmes Elementary School Primary Regular 522 19 10
Marston Middle School Middle Regular 739 31 6
Clairemont High School High Regular 1,067 55 6

Holmes Elementary School

  • Education Level: Primary
  • # of students: 522
  • # of teachers: 19
10
GreatSchools Rating

Marston Middle School

  • Education Level: Middle
  • # of students: 739
  • # of teachers: 31
6
GreatSchools Rating

Clairemont High School

  • Education Level: High
  • # of students: 1,067
  • # of teachers: 55
6
GreatSchools Rating
 

$746,550$912,450$829,500

PURCHASE PRICE

$2,610$3,190$2,900

RENT

DOWN PAYMENT
FINANCING

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$500k$1.0M$1.5M$2.0M$2.5M

PROJECTED ANNUAL CASH FLOW

11530-$20k-$15k-$10k-$5.0k$0.0$5.0k$10k$15k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,900
EXPENSES Loan Payment -$3,060
Property Tax -$806
Property Insurance -$78
Property Management Fees -$129
CASH FLOW
-$1,173

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.

$829,500

PROJECTED PRICE

$2,900

PROJECTED RENT

0.35%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.41%
Appreciation Year (1-5) 6.52%
Maintenance Year (1-5) 8.00%
Vacancy 5.56%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$225,568

INVESTMENT

$225,568

Down Payment
$207,375
Rehab Estimate
$5,750
Closing Costs
$12,443

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$3,060

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $207,375
Loan Amount $622,125
See What Happens When You Reinvest Cash Flow

0.5

YEARS SAVED

$1,444

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,900

    LIST RENT
  • $1.44

    LIST RENT PER SQFT
  • $3,526

    COMP ESTIMATED VALUE
  • $1.75

    COMP AVG. RENT PER SQFT
Comps Range
$2,900
1$2,9002$3,1953$3,2004$4,000
$4,000
RENT COMPS ANALYSIS
  • 3601 Mount Acadia Blvd San Diego, 1
    • 4 beds 2 baths ∙ 2,015 Sqft ∙ Built 1959 4 beds 2 baths ∙ 2,015 Sqft ∙ Built 1959
    • Rent
    • Rent Per SQFT
    •  
    • $2,900
    • $1.44
    •  
  • 4876 Cannington San Diego, 2
    • 4 beds 3 baths ∙ 1,997 Sqft ∙ Built 1976 4 beds 3 baths ∙ 1,997 Sqft ∙ Built 1976
    LEASED 04/29/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,195
    • $1.60
    •  
  • 4164 Balboa Way San Diego, 3
    • 4 beds 3 baths ∙ 1,920 Sqft ∙ Built 1967 4 beds 3 baths ∙ 1,920 Sqft ∙ Built 1967
    LEASED 06/12/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,200
    • $1.67
    •  
  • 3772 Vista De La Bahia San Diego, 4
    • 3 beds 3 baths ∙ 2,023 Sqft ∙ Built 1968 3 beds 3 baths ∙ 2,023 Sqft ∙ Built 1968
    LEASED 02/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $4,000
    • $1.98
    •  
PROPERTY LISTING DETAILS
Danielle Abbott
1.619.929.1958
Steele Canyon Realty
BESbswy