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3765 Sioux Ave San Diego, CA 92117

3 Beds 3 Baths 2,023 sqft Built 1969

$1,199,900

List Price

$3,800

$3.6K - $4.1K

Rent Est.

PROPERTY INFO

January 29, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1969
  • Price/Sqft : $593.13
  • 3 Days on Market
  • MLS # : 210002459
  • Updated Date : 01/30/2021 at 00:54
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,023 sqft
  • Baths : 2 full , 1 half
Listing Agent

Pacific Pines Real Estate

Listing Agent's Description

Meticulously upgraded Bay Park home, featuring designer finishes and large yard on a quiet cul-de-sac. The open concept living space flows into an immaculate kitchen with new stainless steel appliances, KraftMaid wood cabinets, quartz counters, and custom tile backsplash. An entertainers dream, this home boasts a separate family room, decks off each bedroom, a new lawn and tiled patio. New flooring & paint, A/C, dual pane windows, fresh landscaping and new fixtures and finishes throughout.

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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: Bay Park

NeighborhoodNIR Market*CityMarket2010Year20002019250k300k350k400k450k500k550k600k650k700k750k800kPrice in $233k804k

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

Neighborhood: Bay Park

NeighborhoodNIR Market*CityMarket2010Year2000 Q42019 Q218002000220024002600280030003200Rent in $16273384

* 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
Toler Elementary School Primary Regular 249 10 7
Marston Middle School Middle Regular 739 31 6
Clairemont High School High Regular 1,067 55 6

Toler Elementary School

  • Education Level: Primary
  • # of students: 249
  • # of teachers: 10
7
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
 

$1,079,910$1,319,890$1,199,900

PURCHASE PRICE

$3,420$4,180$3,800

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,800
EXPENSES Loan Payment -$4,168
Property Tax -$1,166
Property Insurance -$78
Property Management Fees -$129
CASH FLOW
-$1,740

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.

$1,199,900

PROJECTED PRICE

$3,800

PROJECTED RENT

0.32%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.41%
Appreciation Year (1-5) 7.5%
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

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$323,724

INVESTMENT

$323,724

Down Payment
$299,975
Rehab Estimate
$5,750
Closing Costs
$17,999

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$4,168

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $299,975
Loan Amount $899,925
See What Happens When You Reinvest Cash Flow

0.25

YEARS SAVED

$432

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
  • $3,955

    COMP ESTIMATED VALUE
  • $1.96

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$3,4753$3,8254$3,8955$4,000
$4,000
RENT COMPS ANALYSIS
  • 3765 Sioux Ave San Diego, CA 1
    • 3 beds 3 baths ∙ 2,023 Sqft ∙ Built 1969 3 beds 3 baths ∙ 2,023 Sqft ∙ Built 1969
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 6555 High Knoll Rd San Diego, CA 2
    • 4 beds 3 baths ∙ 1,687 Sqft ∙ Built 1980 4 beds 3 baths ∙ 1,687 Sqft ∙ Built 1980
    LEASED 07/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,475
    • $2.06
    •  
  • 4640 Huron Ave San Diego, CA 3
    • 4 beds 3 baths ∙ 2,062 Sqft ∙ Built 1953 4 beds 3 baths ∙ 2,062 Sqft ∙ Built 1953
    LEASED 04/18/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,825
    • $1.85
    •  
  • 3220 Wheat Street San Diego, CA 4
    • 4 beds 3 baths ∙ 2,016 Sqft ∙ Built 1965 4 beds 3 baths ∙ 2,016 Sqft ∙ Built 1965
    LEASED 05/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,895
    • $1.93
    •  
  • 3772 Vista De La Bahia San Diego, CA 5
    • 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
David Zvaifler
1.858.342.6038
Pacific Pines Real Estate
BESbswy