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4356 33rd Pl San Diego, CA 92104

3 Beds 2 Baths 1,122 sqft Built 1941

$849,000

List Price

$2,930

$2.7K - $3.2K

Rent Est.

PROPERTY INFO

February 12, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1941
  • Price/Sqft : $756.68
  • 4 Days on Market
  • MLS # : 210003702
  • Updated Date : 02/12/2021 at 00:18
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,122 sqft
  • Baths : 2 full
Listing Agent

Berkshire Hathaway Homeservice

Listing Agent's Description

Rarely available in North Park! This 3 bedroom, 2 full bath Spanish charmer has been meticulously renovated to preserve the original style and charm. The private back deck gives way to a spacious, serene backyard which is ideal for entertaining. The extra long driveway allows for ample parking leading to the detached two car garage which is perfect for a potential ADU. This home is situated on a quaint, quiet street yet is close to shopping & restaurants.

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MARKET HIGHLIGHTS

  • 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)
  • 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)

PRICE & RENT TRENDS

Neighborhood: Normal Heights

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450k500k550k600kPrice in $141k621k

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

Neighborhood: Normal Heights

NeighborhoodNIR Market*CityMarket2010Year2000 Q42019 Q214001600180020002200240026002800Rent in $12872982

* 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
Adams Elementary School Primary Regular 329 13 4
Wilson Middle School Middle Regular 621 30 3
Hoover High School High Regular 2,019 97 4

Adams Elementary School

  • Education Level: Primary
  • # of students: 329
  • # of teachers: 13
4
GreatSchools Rating

Wilson Middle School

  • Education Level: Middle
  • # of students: 621
  • # of teachers: 30
3
GreatSchools Rating

Hoover High School

  • Education Level: High
  • # of students: 2,019
  • # of teachers: 97
4
GreatSchools Rating
 

$764,100$933,900$849,000

PURCHASE PRICE

$2,637$3,223$2,930

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,930
EXPENSES Loan Payment -$2,949
Property Tax -$831
Property Insurance -$55
Property Management Fees -$129
CASH FLOW
-$1,035

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.

$849,000

PROJECTED PRICE

$2,930

PROJECTED RENT

0.35%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.42%
Appreciation Year (1-5) 9.4%
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$2.5M

PROJECTED ANNUAL CASH FLOW

11530-$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$2.5M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$230,735

INVESTMENT

$230,735

Down Payment
$212,250
Rehab Estimate
$5,750
Closing Costs
$12,735

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,949

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $212,250
Loan Amount $636,750
See What Happens When You Reinvest Cash Flow

1.08

YEARS SAVED

$3,575

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
  • $3,069

    COMP ESTIMATED VALUE
  • $2.74

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$2,6003$3,2004$3,6005$3,700
$3,700
RENT COMPS ANALYSIS
  • 4356 33rd Pl San Diego, CA 1
    • 3 beds 2 baths ∙ 1,122 Sqft ∙ Built 1941 3 beds 2 baths ∙ 1,122 Sqft ∙ Built 1941
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 3670 Landis St San Diego, CA 2
    • 3 beds 1 baths ∙ 928 Sqft ∙ Built 1927 3 beds 1 baths ∙ 928 Sqft ∙ Built 1927
    LEASED 09/19/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,600
    • $2.80
    •  
  • 4755 33rd Street San Diego, CA 3
    • 3 beds 2 baths ∙ 1,194 Sqft ∙ Built 1945 3 beds 2 baths ∙ 1,194 Sqft ∙ Built 1945
    LEASED 01/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,200
    • $2.68
    •  
  • 4415 Arizona St San Diego, CA 4
    • 3 beds 2 baths ∙ 1,312 Sqft ∙ Built 1935 3 beds 2 baths ∙ 1,312 Sqft ∙ Built 1935
    LEASED 04/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,600
    • $2.74
    •  
  • 3605 Texas St San Diego, CA 5
    • 3 beds 2 baths ∙ 1,358 Sqft ∙ Built 1931 3 beds 2 baths ∙ 1,358 Sqft ∙ Built 1931
    LEASED 06/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,700
    • $2.72
    •  
PROPERTY LISTING DETAILS
Gina Schnell
1.619.865.0650
Berkshire Hathaway Homeservice
BESbswy