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4869 Marlborough Drive San Diego, CA 92116

3 Beds 2 Baths 1,500 sqft Built 1929

$1,245,000

List Price

$3,820

$3.6K - $4.1K

Rent Est.

PROPERTY INFO

FACTS
  • Single Family
  • Built In 1929
  • Price/Sqft : $830.00
  • 16 Days on Market
  • MLS # : 210001960
  • Updated Date : 02/03/2021 at 19:33
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,500 sqft
  • Baths : 2 full
Listing Agent

Hunter & Maddox Intl. Inc.

Listing Agent's Description

Stylish single-level Spanish casa, in the heart of Kensington. Well-kept historical Spanish home with endless updated features. 3rd bedroom opens to the backyard and can be used as a home office. Rare Batchelder fireplace in perfect condition, beautiful hardwood floors, stunning original tile work and cast iron bathtub in main bath. List goes on... This 7000sf lot has 1500sf indoor living space+550sf outdoor living, a beautifully landscaped backyard large enough for a pool, or potentially adding an ADU.

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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: Kensington

NeighborhoodNIR Market*CityMarket2010Year20002019300k400k500k600k700k800k900kPrice in $233k990k

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

Neighborhood: Kensington

NeighborhoodNIR Market*CityMarket2010Year2000 Q42019 Q21800200022002400260028003000320034003600Rent in $16273695

* 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
Franklin Elementary School Primary Regular 287 8 4
Lewis Middle School Middle Regular 1,042 41 7
Henry High School High Regular 2,437 97 9

Franklin Elementary School

  • Education Level: Primary
  • # of students: 287
  • # of teachers: 8
4
GreatSchools Rating

Lewis Middle School

  • Education Level: Middle
  • # of students: 1,042
  • # of teachers: 41
7
GreatSchools Rating

Henry High School

  • Education Level: High
  • # of students: 2,437
  • # of teachers: 97
9
GreatSchools Rating
 

$1,120,500$1,369,500$1,245,000

PURCHASE PRICE

$3,438$4,202$3,820

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,820
EXPENSES Loan Payment -$4,324
Property Tax -$1,209
Property Insurance -$65
Property Management Fees -$129
CASH FLOW
-$1,908

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.

$1,245,000

PROJECTED PRICE

$3,820

PROJECTED RENT

0.31%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.41%
Appreciation Year (1-5) 6.8%
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-$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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$335,675

INVESTMENT

$335,675

Down Payment
$311,250
Rehab Estimate
$5,750
Closing Costs
$18,675

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$4,324

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $311,250
Loan Amount $933,750
See What Happens When You Reinvest Cash Flow

0.17

YEARS SAVED

$186

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
  • $4,013

    COMP ESTIMATED VALUE
  • $2.68

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$3,2003$3,500
$3,500
RENT COMPS ANALYSIS
  • 4869 Marlborough Drive San Diego, CA 1
    • 3 beds 2 baths ∙ 1,500 Sqft ∙ Built 1929 3 beds 2 baths ∙ 1,500 Sqft ∙ Built 1929
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 4755 33rd Street San Diego, CA 2
    • 3 beds 2 baths ∙ 1,194 Sqft ∙ Built 1945 3 beds 2 baths ∙ 1,194 Sqft ∙ Built 1945
    LEASED 01/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,200
    • $2.68
    •  
  • 4627 E Talmadge Dr San Diego, CA 3
    • 3 beds 2 baths ∙ 1,309 Sqft ∙ Built 1947 3 beds 2 baths ∙ 1,309 Sqft ∙ Built 1947
    LEASED 08/18/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,500
    • $2.67
    •  
PROPERTY LISTING DETAILS
Meng Xu
1.646.290.0811
Hunter & Maddox Intl. Inc.
BESbswy