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4834 Longford St San Diego, CA 92117

4 Beds 2 Baths 1,571 sqft Built 1961

$599,500

List Price

$3,160

$2.9K - $3.4K

Rent Est.

PROPERTY INFO

November 20, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1961
  • Price/Sqft : $381.60
  • 3 Days on Market
  • MLS # : 200052216
  • Updated Date : 11/20/2020 at 18:05
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,571 sqft
  • Baths : 2 full
Listing Agent

Compass

Listing Agent's Description

This is a Fixer

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: North Clairemont

NeighborhoodNIR Market*CityMarket2010Year20002019250k300k350k400k450k500k550k600kPrice in $223k642k

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

Neighborhood: North Clairemont

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
Sequoia Elementary School Primary Regular 259 10 5
Sequoia Elementary School Middle Regular 259 10 5
Madison High School High Regular 1,161 60 5

Sequoia Elementary School

  • Education Level: Primary
  • # of students: 259
  • # of teachers: 10
5
GreatSchools Rating

Sequoia Elementary School

  • Education Level: Middle
  • # of students: 259
  • # of teachers: 10
5
GreatSchools Rating

Madison High School

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

$539,550$659,450$599,500

PURCHASE PRICE

$2,844$3,476$3,160

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,160
EXPENSES Loan Payment -$2,212
Property Tax -$581
Property Insurance -$67
Property Management Fees -$129
CASH FLOW
$172

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.

$599,500

PROJECTED PRICE

$3,160

PROJECTED RENT

0.53%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.42%
Appreciation Year (1-5) 8.4%
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

PROJECTED ANNUAL CASH FLOW

11530$0.0$5.0k$10k$15k$20k$25k$30k$35k$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$164,618

INVESTMENT

$164,618

Down Payment
$149,875
Rehab Estimate
$5,750
Closing Costs
$8,993

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,212

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $149,875
Loan Amount $449,625
See What Happens When You Reinvest Cash Flow

9.25

YEARS SAVED

$88,484

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
  • $3,621

    COMP ESTIMATED VALUE
  • $2.31

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$3,1953$3,2004$3,7505$4,100
$4,100
RENT COMPS ANALYSIS
  • 4834 Longford St San Diego, CA 1
    • 4 beds 2 baths ∙ 1,571 Sqft ∙ Built 1961 4 beds 2 baths ∙ 1,571 Sqft ∙ Built 1961
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 4590 Chateau Dr San Diego, CA 2
    • 3 beds 2 baths ∙ 1,375 Sqft ∙ Built 1965 3 beds 2 baths ∙ 1,375 Sqft ∙ Built 1965
    property image
    LEASED 10/08/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,195
    • $2.32
    •  
  • 5349 Diane Ave San Diego, CA 3
    • 4 beds 2 baths ∙ 1,400 Sqft ∙ Built 1964 4 beds 2 baths ∙ 1,400 Sqft ∙ Built 1964
    property image
    LEASED 01/06/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,200
    • $2.29
    •  
  • 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
    property image
    LEASED 06/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,750
    • $2.29
    •  
  • 5365 Crisp Ct San Diego, CA 5
    • 5 beds 3 baths ∙ 1,771 Sqft ∙ Built 1965 5 beds 3 baths ∙ 1,771 Sqft ∙ Built 1965
    property image
    LEASED 01/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $4,100
    • $2.32
    •  
PROPERTY LISTING DETAILS
H. Christian Castner
1.619.851.7334
Compass
BESbswy