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4919 Emelene St San Diego, CA 92109

3 Beds 2 Baths 1,352 sqft Built 1959

$1,195,000

List Price

$3,530

$3.3K - $3.8K

Rent Est.

PROPERTY INFO

January 12, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1959
  • Price/Sqft : $883.88
  • 6 Days on Market
  • MLS # : 210000807
  • Updated Date : 01/13/2021 at 17:54
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,352 sqft
  • Baths : 2 full
Listing Agent

Coldwell Banker Realty

Listing Agent's Description

Incredible opportunity to own at the beach! Located around the corner from famous Kate Sessions Park, this beautifully maintained 3 bedroom/ 2 bath single level home features great indoor/outdoor living with an enclosed patio space perfect for entertaining. Coveted neighborhood with a quick drive to the ocean in North Pacific Beach. Move-in ready with the potential to put your own personal touches

SEE MORE

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
 

$1,075,500$1,314,500$1,195,000

PURCHASE PRICE

$3,177$3,883$3,530

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,530
EXPENSES Loan Payment -$4,151
Property Tax -$1,161
Property Insurance -$61
Property Management Fees -$129
CASH FLOW
-$1,972

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.

$1,195,000

PROJECTED PRICE

$3,530

PROJECTED RENT

0.30%

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-$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$322,425

INVESTMENT

$322,425

Down Payment
$298,750
Rehab Estimate
$5,750
Closing Costs
$17,925

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$4,151

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $298,750
Loan Amount $896,250
See What Happens When You Reinvest Cash Flow

0.17

YEARS SAVED

$116

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
  • $3,539

    COMP ESTIMATED VALUE
  • $2.62

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$3,3503$3,3954$3,5005$4,200
$4,200
RENT COMPS ANALYSIS
  • 4919 Emelene St San Diego, CA 1
    • 3 beds 2 baths ∙ 1,352 Sqft ∙ Built 1959 3 beds 2 baths ∙ 1,352 Sqft ∙ Built 1959
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 4782 A Academy Place #a San Diego, CA 2
    • 3 beds 2 baths ∙ 1,500 Sqft ∙ Built 1970 3 beds 2 baths ∙ 1,500 Sqft ∙ Built 1970
    LEASED 12/05/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,350
    • $2.23
    •  
  • 5165 Crystal Dr La Jolla, CA 3
    • 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 4
    • 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 5
    • 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
    •  
PROPERTY LISTING DETAILS
Nick Taylor
1.619.838.4049
Coldwell Banker Realty
BESbswy