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4821 Chateau San Diego, CA 92117

4 Beds 2 Baths 1,846 sqft Built 1963

$775,000

List Price

$3,730

$3.5K - $4K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
FACTS
  • Single Family
  • Built In 1963
  • Price/Sqft : $419.83
  • 10 Days on Market
  • MLS # : 210004411
  • Updated Date : 02/22/2021 at 20:01
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,846 sqft
  • Baths : 2 full
Listing Agent

Coldwell Banker Realty

Listing Agent's Description

Looking for a spacious 2 story home w/ a canyon view & an opportunity to update & make your own? The home features 2 large beds upstairs & 2 downstairs. The expansive living room is framed by a formal fireplace & an abundance of natural light. The remodeled kitchen has plenty of cabinet spaces & direct access to the backyard. Upstairs are two more bedrooms, one w/ cozy fireplace, walk-in closet & canyon view. The private backyard offers plenty of room to pass a ball & great for relaxing, entertaining & your furry friends. Home is conveniently located to shopping, grocery stores, restaurants, beaches, & freeways.

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • As part of Southern California area, San Diego market inherits all the benefits from the area.

PRICE & RENT TRENDS

Neighborhood: Clairemont Mesa East

NeighborhoodNIR Market*CityMarket2010Year20002019250k300k350k400k450k500k550k600kPrice in $214k621k

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

Neighborhood: Clairemont Mesa East

NeighborhoodNIR Market*CityMarket2010Year2000 Q42019 Q21600180020002200240026002800Rent in $15142982

* 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
Innovation Middle School Middle Regular 434 19 4
Madison High School High Regular 1,161 60 5
Innovation Middle School Middle Unknown NA

Innovation Middle School

  • Education Level: Middle
  • # of students: 434
  • # of teachers: 19
4
GreatSchools Rating

Madison High School

  • Education Level: High
  • # of students: 1,161
  • # of teachers: 60
5
GreatSchools Rating

Innovation Middle School

  • Education Level: Middle
  • # of students:
  • # of teachers:
NA
GreatSchools Rating
 

$697,500$852,500$775,000

PURCHASE PRICE

$3,357$4,103$3,730

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,730
EXPENSES Loan Payment -$2,692
Property Tax -$751
Property Insurance -$74
Property Management Fees -$129
CASH FLOW
$85

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.

$775,000

PROJECTED PRICE

$3,730

PROJECTED RENT

0.48%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.42%
Appreciation Year (1-5) 7.4%
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$0.0$10k$20k$30k$40k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$500k$1.0M$1.5M$2.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$211,125

INVESTMENT

$211,125

Down Payment
$193,750
Rehab Estimate
$5,750
Closing Costs
$11,625

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 40% down payment or higher enables the proceeds from the asset to cover all costs.

$2,692

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $193,750
Loan Amount $581,250
See What Happens When You Reinvest Cash Flow

7.92

YEARS SAVED

$80,702

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
  • $4,070

    COMP ESTIMATED VALUE
  • $2.21

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$3,4953$3,7504$3,7505$3,950
$3,950
RENT COMPS ANALYSIS
  • 4821 Chateau San Diego, CA 1
    • 4 beds 2 baths ∙ 1,846 Sqft ∙ Built 1963 4 beds 2 baths ∙ 1,846 Sqft ∙ Built 1963
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 5396 Sunglow Ct San Diego, CA 2
    • 4 beds 3 baths ∙ 1,644 Sqft ∙ Built 1982 4 beds 3 baths ∙ 1,644 Sqft ∙ Built 1982
    LEASED 09/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,495
    • $2.13
    •  
  • 4918 Gaylord Dr. San Diego, CA 3
    • 3 beds 2 baths ∙ 1,720 Sqft ∙ Built 1973 3 beds 2 baths ∙ 1,720 Sqft ∙ Built 1973
    LEASED 03/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,750
    • $2.18
    •  
  • 4818 Royal Greens Pl San Diego, CA 4
    • 4 beds 3 baths ∙ 1,638 Sqft ∙ Built 1978 4 beds 3 baths ∙ 1,638 Sqft ∙ Built 1978
    LEASED 06/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,750
    • $2.29
    •  
  • 5002 Mount Harris Dr San Diego, CA 5
    • 4 beds 2 baths ∙ 1,780 Sqft ∙ Built 1958 4 beds 2 baths ∙ 1,780 Sqft ∙ Built 1958
    LEASED 09/23/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,950
    • $2.22
    •  
PROPERTY LISTING DETAILS
Filly Gaines
1.858.699.6556
Coldwell Banker Realty
1.866.250.5610
San Diego MLS ( SDMLS)
MLS #: 210004411
Last Updated: 02/22/2021
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