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3806 Avenida Johanna La Mesa, CA 91941

4 Beds 4 Baths 1,968 sqft Built 1979

$839,900

List Price

$3,080

$2.8K - $3.3K

Rent Est.

PROPERTY INFO

November 05, 2020 RECENTLY ADDED
FACTS
  • Built In 1979
  • Price/Sqft : $426.78
  • 5 Days on Market
  • MLS # : 200050781
  • Updated Date : 11/05/2020 at 21:33
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,968 sqft
  • Baths : 3 full , 1 half
Listing Agent

Exp Realty Of California Inc

Listing Agent's Description

Gorgeous Renovation with Stunning Park Views. Light & Bright Spacious Living Room with Vaulted Ceilings Welcomes you Home in Style. Beautifully Appointed Kitchen with Stainless Steel Appliances including a Wine Refrigerator will Inspire the Chef in You. Cozy Family Room complete with Fireplace exudes Warmth & Comfort ready to encourage relaxation while enjoying your favorite shows. Downstairs has an OverSized Master Suite with Large Bathroom featuring Double Sinks and private Water Closet.........

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

Zip Code: 91941

ZipNIR Market*CityMarket2010Year20002019250k300k350k400k450k500k550k600k650kPrice in $222k672k

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

Zip Code: 91941

ZipNIR Market*CityMarket2010Year2000 Q42019 Q216001800200022002400260028003000Rent in $15143059

* 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
Avocado Elementary School Primary Regular 561 23 5
Hillsdale Middle School Middle Regular 1,502 59 7
Monte Vista High School High Regular 1,657 76 7

Avocado Elementary School

  • Education Level: Primary
  • # of students: 561
  • # of teachers: 23
5
GreatSchools Rating

Hillsdale Middle School

  • Education Level: Middle
  • # of students: 1,502
  • # of teachers: 59
7
GreatSchools Rating

Monte Vista High School

  • Education Level: High
  • # of students: 1,657
  • # of teachers: 76
7
GreatSchools Rating
 

$755,910$923,890$839,900

PURCHASE PRICE

$2,772$3,388$3,080

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,080
EXPENSES Loan Payment -$3,099
Property Tax -$875
Property Insurance -$77
HOA -$24
Property Management Fees -$129
CASH FLOW
-$1,124

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.

$839,900

PROJECTED PRICE

$3,080

PROJECTED RENT

0.37%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.42%
Appreciation Year (1-5) 5.3%
Maintenance Year (1-5) 8.00%
Vacancy 4.80%
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

PROJECTED ANNUAL CASH FLOW

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$228,324

INVESTMENT

$228,324

Down Payment
$209,975
Rehab Estimate
$5,750
Closing Costs
$12,599

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$3,099

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $209,975
Loan Amount $629,925
See What Happens When You Reinvest Cash Flow

0.67

YEARS SAVED

$3,032

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,080

    LIST RENT
  • $1.57

    LIST RENT PER SQFT
  • $3,359

    COMP ESTIMATED VALUE
  • $1.71

    COMP AVG. RENT PER SQFT
Comps Range
$2,900
1$2,9002$3,0803$3,1954$3,280
$3,280
RENT COMPS ANALYSIS
  • 3806 Avenida Johanna La Mesa, CA 2
    • 4 beds 4 baths ∙ 1,968 Sqft ∙ Built 1979 4 beds 4 baths ∙ 1,968 Sqft ∙ Built 1979
    • Rent
    • Rent Per SQFT
    •  
    • $3,080
    • $1.57
    •  
  • 10331 Moorpark St Spring Valley, CA 1
    • 4 beds 2 baths ∙ 1,638 Sqft ∙ Built 1980 4 beds 2 baths ∙ 1,638 Sqft ∙ Built 1980
    LEASED 03/09/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,900
    • $1.77
    •  
  • 3705 Avenida Johanna La Mesa, CA 3
    • 4 beds 3 baths ∙ 1,856 Sqft ∙ Built 1979 4 beds 3 baths ∙ 1,856 Sqft ∙ Built 1979
    LEASED 05/26/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,195
    • $1.72
    •  
  • 10218 Moorpark St Spring Valley, CA 4
    • 3 beds 3 baths ∙ 2,011 Sqft ∙ Built 1980 3 beds 3 baths ∙ 2,011 Sqft ∙ Built 1980
    LEASED 05/15/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,280
    • $1.63
    •  
PROPERTY LISTING DETAILS
Jadele Gotses
1.619.726.4410
Exp Realty Of California Inc
BESbswy