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3912 Coronado Ave San Diego, CA 92107

3 Beds 2 Baths 2,199 sqft Built 1951

$995,000

List Price

$3,780

$3.5K - $4K

Rent Est.

PROPERTY INFO

November 06, 2020 RECENTLY ADDED
FACTS
  • Built In 1951
  • Price/Sqft : $452.48
  • 4 Days on Market
  • MLS # : 200050879
  • Updated Date : 11/06/2020 at 17:57
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,199 sqft
  • Baths : 2 full
Listing Agent

Coldwell Banker West

Listing Agent's Description

This ideal central location allows you to easily enjoy all that Point Loma & Ocean Beach have to offer! A spacious home with original details, hardwood flooring & a flexible floor plan that includes 2 large bonus rooms - perfect for family room, office, in-law suite - you decide! The upstairs master suite offers tons of light! The large backyard has plenty of room for outdoor entertaining, gardens & play areas! Perfect opportunity to live the OB lifestyle while adding your own personal touch & finishes!

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: Point Loma Highlands

NeighborhoodNIR Market*CityMarket2010Year20002019250k300k350k400k450k500k550k600k650k700k750k800k850k900kPrice in $233k944k

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

Neighborhood: Point Loma Highlands

NeighborhoodNIR Market*CityMarket2010Year2000 Q42019 Q2180020002200240026002800300032003400Rent in $16273599

* 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
 

$895,500$1,094,500$995,000

PURCHASE PRICE

$3,402$4,158$3,780

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,780
EXPENSES Loan Payment -$3,671
Property Tax -$967
Property Insurance -$83
Property Management Fees -$129
CASH FLOW
-$1,069

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.

$995,000

PROJECTED PRICE

$3,780

PROJECTED RENT

0.38%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.41%
Appreciation Year (1-5) 10.4%
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-$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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$269,425

INVESTMENT

$269,425

Down Payment
$248,750
Rehab Estimate
$5,750
Closing Costs
$14,925

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 60% down payment or higher enables the proceeds from the asset to cover all costs.

$3,671

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $248,750
Loan Amount $746,250
See What Happens When You Reinvest Cash Flow

1.58

YEARS SAVED

$11,278

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,780

    LIST RENT
  • $1.72

    LIST RENT PER SQFT
  • $4,156

    COMP ESTIMATED VALUE
  • $1.89

    COMP AVG. RENT PER SQFT
Comps Range
$3,780
1$3,7802$3,9953$4,5004$4,750
$4,750
RENT COMPS ANALYSIS
  • 3912 Coronado Ave San Diego, CA 1
    • 3 beds 2 baths ∙ 2,199 Sqft ∙ Built 1951 3 beds 2 baths ∙ 2,199 Sqft ∙ Built 1951
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $3,780
    • $1.72
    •  
  • 3818 Coronado Ave San Diego, CA 2
    • 4 beds 2 baths ∙ 2,151 Sqft ∙ Built 1951 4 beds 2 baths ∙ 2,151 Sqft ∙ Built 1951
    property image
    LEASED 07/16/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,995
    • $1.86
    •  
  • 1474 Liggett Way San Diego, CA 3
    • 4 beds 3 baths ∙ 2,379 Sqft ∙ Built 1957 4 beds 3 baths ∙ 2,379 Sqft ∙ Built 1957
    property image
    LEASED 04/29/20
    • Rent
    • Rent Per SQFT
    •  
    • $4,500
    • $1.89
    •  
  • 2922 Qualtrough San Diego, CA 4
    • 4 beds 3 baths ∙ 2,476 Sqft ∙ Built 1940 4 beds 3 baths ∙ 2,476 Sqft ∙ Built 1940
    property image
    LEASED 05/07/20
    • Rent
    • Rent Per SQFT
    •  
    • $4,750
    • $1.92
    •  
PROPERTY LISTING DETAILS
Tami Fuller
1.619.226.8264
Coldwell Banker West
BESbswy