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4812 Kendall San Diego, CA 92109

3 Beds 2 Baths 1,385 sqft Built 1953

$1,123,456

List Price

$4,260

$4K - $4.5K

Rent Est.

PROPERTY INFO

January 30, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1953
  • Price/Sqft : $811.16
  • 3 Days on Market
  • MLS # : 210002475
  • Updated Date : 01/30/2021 at 00:19
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,385 sqft
  • Baths : 2 full
Listing Agent

Compass

Listing Agent's Description

Turnkey Move In Ready Detached North PB Home!!! 10 Blocks to the Beach! 5 Blocks To Shopping & Restaurants! Walk to Schools! All new Windows-Tankless Water Heater-Updated Kitchen-Updated Bathroom-New Flooring. Owner says you can Pick Your Own or will offer a credit towards landscaping!!!

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MARKET HIGHLIGHTS

  • 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]
  • 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)

PRICE & RENT TRENDS

Neighborhood: Pacific Beach

NeighborhoodNIR Market*CityMarket2010Year20002019250k300k350k400k450k500k550k600k650k700k750k800k850kPrice in $233k866k

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

Neighborhood: Pacific Beach

NeighborhoodNIR Market*CityMarket2010Year2000 Q42019 Q2180020002200240026002800300032003400360038004000Rent in $16274083

* 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
Sessions Elementary School Primary Regular 492 19 9
Pacific Beach Middle School Middle Regular 581 26 6
Mission Bay High School High Magnet 1,101 54 7

Sessions Elementary School

  • Education Level: Primary
  • # of students: 492
  • # of teachers: 19
9
GreatSchools Rating

Pacific Beach Middle School

  • Education Level: Middle
  • # of students: 581
  • # of teachers: 26
6
GreatSchools Rating

Mission Bay High School

  • Education Level: High
  • # of students: 1,101
  • # of teachers: 54
7
GreatSchools Rating
 

$1,011,110$1,235,802$1,123,456

PURCHASE PRICE

$3,834$4,686$4,260

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $4,260
EXPENSES Loan Payment -$3,902
Property Tax -$1,189
Property Insurance -$62
Property Management Fees -$129
CASH FLOW
-$1,022

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.

$1,123,456

PROJECTED PRICE

$4,260

PROJECTED RENT

0.38%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.41%
Appreciation Year (1-5) 7.1%
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$3.5M

PROJECTED ANNUAL CASH FLOW

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

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$303,466

INVESTMENT

$303,466

Down Payment
$280,864
Rehab Estimate
$5,750
Closing Costs
$16,852

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 60% down payment or higher enables the proceeds from the asset to cover all costs.

$3,902

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $280,864
Loan Amount $842,592
See What Happens When You Reinvest Cash Flow

2.08

YEARS SAVED

$15,102

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
  • $4,027

    COMP ESTIMATED VALUE
  • $2.91

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$3,3953$3,5004$4,2005$4,750
$4,750
RENT COMPS ANALYSIS
  • 4812 Kendall San Diego, CA 1
    • 3 beds 2 baths ∙ 1,385 Sqft ∙ Built 1953 3 beds 2 baths ∙ 1,385 Sqft ∙ Built 1953
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 5165 Crystal Dr La Jolla, CA 2
    • 3 beds 1 baths ∙ 1,214 Sqft ∙ Built 1951 3 beds 1 baths ∙ 1,214 Sqft ∙ Built 1951
    LEASED 09/09/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,395
    • $2.80
    •  
  • 1224 Emerald St San Diego, CA 3
    • 4 beds 3 baths ∙ 1,308 Sqft ∙ Built 1948 4 beds 3 baths ∙ 1,308 Sqft ∙ Built 1948
    LEASED 04/22/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,500
    • $2.68
    •  
  • 4801 Academy St San Diego, CA 4
    • 3 beds 2 baths ∙ 1,520 Sqft ∙ Built 1959 3 beds 2 baths ∙ 1,520 Sqft ∙ Built 1959
    LEASED 04/08/20
    • Rent
    • Rent Per SQFT
    •  
    • $4,200
    • $2.76
    •  
  • 1460 W Oliver Avenue San Diego, CA 5
    • 3 beds 2 baths ∙ 1,400 Sqft ∙ Built 1972 3 beds 2 baths ∙ 1,400 Sqft ∙ Built 1972
    LEASED 09/19/20
    • Rent
    • Rent Per SQFT
    •  
    • $4,750
    • $3.39
    •  
PROPERTY LISTING DETAILS
Brian Lewis
1.619.300.5032
Compass
BESbswy