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4578 Brighton Ave San Diego, CA 92107

3 Beds 3 Baths 1,651 sqft Built 1928

$1,295,000

List Price

$4,050

$3.8K - $4.3K

Rent Est.

PROPERTY INFO

FACTS
  • Single Family
  • Built In 1928
  • Price/Sqft : $784.37
  • 12 Days on Market
  • MLS # : 200051226
  • Updated Date : 11/12/2020 at 17:32
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,651 sqft
  • Baths : 3 full
Listing Agent

Coldwell Banker West

Listing Agent's Description

Welcome home mermaids & castaways! This may be the cutest property in OB. The Mermaid Cottage is a 3br/2ba & Castaway's Bungalow is a 1br/1ba guest house. Too many upgrades to mention but here are a few: Dutch doors, fireplaces, knotty pine wood floors, adorable appliances, washers & dryers, outdoor shower, Crow's Nest w/ocean & fireworks views, upgraded electric & plumbing & tankless water heaters. Perfect location and perfectly adorable! Just blocks to the sand, OB People's & nightlife. You'll LOVE it!

SEE MORE

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: Ocean Beach Highlands

NeighborhoodNIR Market*CityMarket2010Year20002019300k400k500k600k700k800k900k1000kPrice in $233k1023k

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

Neighborhood: Ocean Beach Highlands

NeighborhoodNIR Market*CityMarket2010Year2000 Q42019 Q218002000220024002600280030003200340036003800Rent in $16273966

* 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
Ocean Beach Elementary School Primary Regular 487 19 9
Correia Middle School Middle Regular 838 32 7
Point Loma High School High Regular 1,880 79 8

Ocean Beach Elementary School

  • Education Level: Primary
  • # of students: 487
  • # of teachers: 19
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
 

$1,165,500$1,424,500$1,295,000

PURCHASE PRICE

$3,645$4,455$4,050

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $4,050
EXPENSES Loan Payment -$4,778
Property Tax -$1,258
Property Insurance -$69
Property Management Fees -$129
CASH FLOW
-$2,184

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.

$1,295,000

PROJECTED PRICE

$4,050

PROJECTED RENT

0.31%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.41%
Appreciation Year (1-5) 6.9%
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-$30k-$20k-$10k$0.0$10k

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$348,925

INVESTMENT

$348,925

Down Payment
$323,750
Rehab Estimate
$5,750
Closing Costs
$19,425

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 70% down payment or higher enables the proceeds from the asset to cover all costs.

$4,778

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $323,750
Loan Amount $971,250
See What Happens When You Reinvest Cash Flow

0.17

YEARS SAVED

$159

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
  • $4,202

    COMP ESTIMATED VALUE
  • $2.55

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$3,5003$3,895
$3,895
RENT COMPS ANALYSIS
  • 4578 Brighton Ave San Diego, CA 1
    • 3 beds 3 baths ∙ 1,651 Sqft ∙ Built 1928 3 beds 3 baths ∙ 1,651 Sqft ∙ Built 1928
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 3920 Tennyson St San Diego, CA 2
    • 3 beds 2 baths ∙ 1,417 Sqft ∙ Built 1940 3 beds 2 baths ∙ 1,417 Sqft ∙ Built 1940
    LEASED 05/07/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,500
    • $2.47
    •  
  • 2870 Evergreen San Diego, CA 3
    • 3 beds 2 baths ∙ 1,488 Sqft ∙ Built 1925 3 beds 2 baths ∙ 1,488 Sqft ∙ Built 1925
    LEASED 04/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,895
    • $2.62
    •  
PROPERTY LISTING DETAILS
Catrina Russell
1.619.226.2897
Coldwell Banker West
BESbswy