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413 Hazel Ave San Bruno, CA 94066

2 Beds 2 Baths 1,285 sqft Built 1925

$1,098,000

List Price

$3,570

$3.3K - $3.8K

Rent Est.

PROPERTY INFO

November 13, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1925
  • Price/Sqft : $854.47
  • 4 Days on Market
  • MLS # : ML81820101
  • Updated Date : 11/12/2020 at 17:08
CONSTRUCTION
  • Beds : 2
  • Floor Size : 1,285 sqft
  • Baths : 2 full
Listing Agent

Harper Real Estate

Listing Agent's Description

6 blocks from downtown San Bruno, this 2 BR, 2 BA home w/family rm or 3rd bed, w/additional 3-room casita is a must-see. Inviting living room w/decorative brick fireplace, custom shelves + reclaimed solid hickory floors extends into kitchen w/stainless steel appliances, illuminated glass-front cabinets + white subway tile backsplash. Adjacent hallway connects 2 well-sized bedrooms + full bathroom. Focal point is remodeled great room w/space for relaxation + dining + additional full bathroom. Great room opens up to landscaped backyard w/ample space for entertaining + entry to casita, currently configured to include space for laundry, playroom + large home office, but can be adapted for additional bedroom. Home boasts Cat 5 wiring, fresh interior + exterior painting, new windows, gutters, + 5-year-old roof. Green spaces nearby: San Bruno City Park, Junipero Serra Park + Green Hills Country Club. Ideally placed for travel into SF, Silicon Valley + beyond via 82, 101, 280, BART + Caltrain.

SEE MORE

MARKET HIGHLIGHTS

  • Palo Alto, Redwood City, Mountain View and San Mateo together attracted around $11 billion in venture capital funding in 2019 making Silicon Valley still attractive to technology investments (Crunchbase News, 2020)
  • San Jose metro has 67.6% labor force participation rate higher than the national rate 62.8% (USMayors.org, 2018)
  • San Jose metro's economy has been worth $282.2 billion in Gross Metro Product (GMP) in 2018 and is projected to grow to $298.6 billion in 2019. GMP measures the productivity of the metro. (USMayors.org, 2018)
  • San Jose metro employment growth has been at 2.2% in 2018 and predicted to grow at 1.9% in 2019 (USMayors.org, 2018)
  • San Jose metro contributes to 9% of California state's economy i.e. Gross State Product (USMayors.org, 2018)

PRICE & RENT TRENDS

Neighborhood: Huntington Park

NeighborhoodNIR Market*CityMarket2010Year20002019400k500k600k700k800k900k1000k1100k1200k1300kPrice in $366k1381k

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

Neighborhood: Huntington Park

NeighborhoodNIR Market*CityMarket2010Year2000 Q32019 Q2160018002000220024002600280030003200340036003800400042004400Rent in $15724566

* 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
Allen Elementary And Hesselgren Primary Center Primary Regular 361 13 5
Parkside Intermediate School Middle Regular 859 36 5
Capuchino High School High Regular 1,105 60 7

Allen Elementary And Hesselgren Primary Center

  • Education Level: Primary
  • # of students: 361
  • # of teachers: 13
5
GreatSchools Rating

Parkside Intermediate School

  • Education Level: Middle
  • # of students: 859
  • # of teachers: 36
5
GreatSchools Rating

Capuchino High School

  • Education Level: High
  • # of students: 1,105
  • # of teachers: 60
7
GreatSchools Rating
 

$988,200$1,207,800$1,098,000

PURCHASE PRICE

$3,213$3,927$3,570

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,570
EXPENSES Loan Payment -$4,051
Property Tax -$992
Property Insurance -$58
Property Management Fees -$139
CASH FLOW
-$1,670

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.

$1,098,000

PROJECTED PRICE

$3,570

PROJECTED RENT

0.33%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 5.00%
Appreciation Year (1-5) 13.9%
Maintenance Year (1-5) 8.00%
Vacancy 5.61%
Length of Stay Years 2

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$1.0M$2.0M$3.0M$4.0M

PROJECTED ANNUAL CASH FLOW

11530-$30k-$25k-$20k-$15k-$10k-$5.0k$0.0$5.0k$10k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$1.0M$2.0M$3.0M$4.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$296,720

INVESTMENT

$296,720

Down Payment
$274,500
Rehab Estimate
$5,750
Closing Costs
$16,470

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 75% down payment or higher enables the proceeds from the asset to cover all costs.

$4,051

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $274,500
Loan Amount $823,500
See What Happens When You Reinvest Cash Flow

0.25

YEARS SAVED

$483

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
  • $3,727

    COMP ESTIMATED VALUE
  • $2.9

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$3,3503$3,500
$3,500
RENT COMPS ANALYSIS
  • 413 Hazel Ave San Bruno, CA 1
    • 2 beds 2 baths ∙ 1,285 Sqft ∙ Built 1925 2 beds 2 baths ∙ 1,285 Sqft ∙ Built 1925
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 700 Easton Ave San Bruno, CA 2
    • 2 beds 1 baths ∙ 1,380 Sqft ∙ Built 1941 2 beds 1 baths ∙ 1,380 Sqft ∙ Built 1941
    LEASED 10/29/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,350
    • $2.43
    •  
  • 26 Spruce St Millbrae, CA 3
    • 2 beds 2 baths ∙ 1,040 Sqft ∙ Built 1941 2 beds 2 baths ∙ 1,040 Sqft ∙ Built 1941
    LEASED 06/07/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,500
    • $3.37
    •  
PROPERTY LISTING DETAILS
Anthony Navarro
Harper Real Estate
BESbswy