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4280 Trias St San Diego, CA 92103

4 Beds 3 Baths 1,982 sqft Built 1974

$1,480,000

List Price

$3,810

$3.6K - $4.1K

Rent Est.

PROPERTY INFO

January 18, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1974
  • Price/Sqft : $746.72
  • 7 Days on Market
  • MLS # : 210001436
  • Updated Date : 01/22/2021 at 19:53
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,982 sqft
  • Baths : 2 full , 1 half
Listing Agent

Cameron Real Estate Services

Listing Agent's Description

Simply elegant spanish influenced ranch home in the exclusive North Mission Hills neighborhood. This corner lot location, just 3 blocks from the beautiful Presidio Park, provides simple sophistication and privacy. Inside you'll find signature arched entries, gorgeous entertainers kitchen with custom cabinetry with plenty of storage, large center island with an elegant decorative chandelier. Home Legend hand scrapped saddle maple flooring in all living areas and bedrooms. See supplement.

SEE MORE

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: Mission Hills

NeighborhoodNIR Market*CityMarket2010Year20002019300k400k500k600k700k800k900k1000kPrice in $233k1077k

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

Neighborhood: Mission Hills

NeighborhoodNIR Market*CityMarket2010Year2000 Q42019 Q21800200022002400260028003000320034003600380040004200Rent in $16274202

* 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
Grant Elementary School Primary Regular 718 31 8
Grant Elementary School Middle Regular 718 31 8
Point Loma High School High Regular 1,880 79 8

Grant Elementary School

  • Education Level: Primary
  • # of students: 718
  • # of teachers: 31
8
GreatSchools Rating

Grant Elementary School

  • Education Level: Middle
  • # of students: 718
  • # of teachers: 31
8
GreatSchools Rating

Point Loma High School

  • Education Level: High
  • # of students: 1,880
  • # of teachers: 79
8
GreatSchools Rating
 

$1,332,000$1,628,000$1,480,000

PURCHASE PRICE

$3,429$4,191$3,810

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,810
EXPENSES Loan Payment -$5,141
Property Tax -$1,438
Property Insurance -$77
Property Management Fees -$129
CASH FLOW
-$2,974

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.

$1,480,000

PROJECTED PRICE

$3,810

PROJECTED RENT

0.26%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.41%
Appreciation Year (1-5) 4.3%
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$4.0M

PROJECTED ANNUAL CASH FLOW

11530-$40k-$30k-$20k-$10k$0.0

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$4.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$397,950

INVESTMENT

$397,950

Down Payment
$370,000
Rehab Estimate
$5,750
Closing Costs
$22,200

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 80% down payment or higher enables the proceeds from the asset to cover all costs.

$5,141

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $370,000
Loan Amount $1,110,000
See What Happens When You Reinvest Cash Flow

0

YEARS SAVED

$29

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
  • $3,753

    COMP ESTIMATED VALUE
  • $1.89

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$3,0003$3,7004$3,850
$3,850
RENT COMPS ANALYSIS
  • 4280 Trias St San Diego, CA 1
    • 4 beds 3 baths ∙ 1,982 Sqft ∙ Built 1974 4 beds 3 baths ∙ 1,982 Sqft ∙ Built 1974
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 5766 Riley St San Diego, CA 2
    • 3 beds 2 baths ∙ 1,800 Sqft ∙ Built 1989 3 beds 2 baths ∙ 1,800 Sqft ∙ Built 1989
    LEASED 08/27/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,000
    • $1.67
    •  
  • 4424 Caminito Fuente San Diego, CA 3
    • 3 beds 3 baths ∙ 1,916 Sqft ∙ Built 1974 3 beds 3 baths ∙ 1,916 Sqft ∙ Built 1974
    LEASED 04/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,700
    • $1.93
    •  
  • 6733 Fashion Hills Blvd San Diego, CA 4
    • 3 beds 3 baths ∙ 1,848 Sqft ∙ Built 1981 3 beds 3 baths ∙ 1,848 Sqft ∙ Built 1981
    LEASED 03/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,850
    • $2.08
    •  
PROPERTY LISTING DETAILS
Michael Cameron
1.619.248.9409
Cameron Real Estate Services
BESbswy