Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more

4625 Adair St San Diego, CA 92107

3 Beds 1 Baths 998 sqft Built 1944

$1,100,000

List Price

$3,290

$3K - $3.5K

Rent Est.

PROPERTY INFO

FACTS
  • Single Family
  • Built In 1944
  • Price/Sqft : $1,102.20
  • 20 Days on Market
  • MLS # : 200052463
  • Updated Date : 11/28/2020 at 03:48
CONSTRUCTION
  • Beds : 3
  • Floor Size : 998 sqft
  • Baths : 1 full
Listing Agent

Pacific Sotheby's Int'l Realty

Listing Agent's Description

Opportunity awaits in this Sunset Cliffs home a stone's throw from some of San Diego's most photogenic coastline. The spacious, level, alley access lot provides plentiful landscape design options and room for potential expansion. Original details, including hardwood flooring await your cosmetic touches, a full remodel, or, build your own dream home in this sought after neighborhood filled with exceptional homes. Close to shopping, restaurants and highly regarded public and private schools.

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • 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)

PRICE & RENT TRENDS

Neighborhood: Sunset Cliffs

NeighborhoodNIR Market*CityMarket2010Year20002019300k400k500k600k700k800k900k1000k1100k1200k1300k1400kPrice in $233k1469k

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

Neighborhood: Sunset Cliffs

NeighborhoodNIR Market*CityMarket2010Year2000 Q42019 Q218002000220024002600280030003200340036003800400042004400Rent in $16274567

* 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
Sunset View Elementary School Primary Regular 470 18 10
Correia Middle School Middle Regular 838 32 7
Point Loma High School High Regular 1,880 79 8

Sunset View Elementary School

  • Education Level: Primary
  • # of students: 470
  • # of teachers: 18
10
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
 

$990,000$1,210,000$1,100,000

PURCHASE PRICE

$2,961$3,619$3,290

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,290
EXPENSES Loan Payment -$4,059
Property Tax -$1,069
Property Insurance -$52
Property Management Fees -$129
CASH FLOW
-$2,018

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.

$1,100,000

PROJECTED PRICE

$3,290

PROJECTED RENT

0.30%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.41%
Appreciation Year (1-5) 5.1%
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

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$500k$1.0M$1.5M$2.0M$2.5M$3.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$297,250

INVESTMENT

$297,250

Down Payment
$275,000
Rehab Estimate
$5,750
Closing Costs
$16,500

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$4,059

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $275,000
Loan Amount $825,000
See What Happens When You Reinvest Cash Flow

0.17

YEARS SAVED

$120

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
  • $3,076

    COMP ESTIMATED VALUE
  • $3.08

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$3,0003$3,2004$3,8755$4,000
$4,000
RENT COMPS ANALYSIS
  • 4625 Adair St San Diego, CA 1
    • 3 beds 1 baths ∙ 998 Sqft ∙ Built 1944 3 beds 1 baths ∙ 998 Sqft ∙ Built 1944
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 4615 Long Branch Ave San Diego, CA 2
    • 3 beds 1 baths ∙ 1,000 Sqft ∙ Built 1960 3 beds 1 baths ∙ 1,000 Sqft ∙ Built 1960
    property image
    LEASED 04/26/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,000
    • $3.00
    •  
  • 4450 Coronado Ave San Diego, CA 3
    • 3 beds 1 baths ∙ 1,096 Sqft ∙ Built 1952 3 beds 1 baths ∙ 1,096 Sqft ∙ Built 1952
    property image
    LEASED 02/05/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,200
    • $2.92
    •  
  • 1110 Alexandria Dr San Diego, CA 4
    • 3 beds 2 baths ∙ 1,218 Sqft ∙ Built 1952 3 beds 2 baths ∙ 1,218 Sqft ∙ Built 1952
    property image
    LEASED 06/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,875
    • $3.18
    •  
  • 4246 Coronado Ave San Diego, CA 5
    • 3 beds 2 baths ∙ 1,239 Sqft ∙ Built 1947 3 beds 2 baths ∙ 1,239 Sqft ∙ Built 1947
    property image
    LEASED 08/18/20
    • Rent
    • Rent Per SQFT
    •  
    • $4,000
    • $3.23
    •  
PROPERTY LISTING DETAILS
Marc Lyman
1.619.363.3000
Pacific Sotheby's Int'l Realty
BESbswy