Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more

7411 Las Lunas San Diego, CA 92127

4 Beds 4 Baths 3,677 sqft Built 2003

$1,650,000

List Price

$5,820

$5.6K - $6.1K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 04, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2003
  • Price/Sqft : $448.74
  • 4 Days on Market
  • MLS # : 210005615
  • Updated Date : 03/04/2021 at 17:08
CONSTRUCTION
  • Beds : 4
  • Floor Size : 3,677 sqft
  • Baths : 3 full , 1 half
Listing Agent

Virtuosic Properties, Inc.

Listing Agent's Description

Meticulously maintained home in the Guard Gated Community of Santa Monica. Updated kitchen features new countertops, backsplash, sinks. Wolf appliances. New flooring downstairs. Professionally landscaped backyard boasts an outdoor kitchen, putting green, impressive custom fountain with fire feature. Master bedroom has an updated bath and spacious balcony. Den with custom woodwork can be converted to a bedroom, pre-plumbed for a full bathroom! Community pool, gym, playground, tennis, pickleball courts.

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: Santa Monica

NeighborhoodNIR Market*CityMarket2010Year20002019300k400k500k600k700k800k900k1000k1100k1200k1300k1400kPrice in $233k1427k

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

Neighborhood: Santa Monica

NeighborhoodNIR Market*CityMarket2010Year2000 Q42019 Q220002500300035004000450050005500600065007000Rent in $16277047

* 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
Willow Grove Elementary School Primary Regular 765 30 9
Black Mountain Middle School Middle Regular 1,275 47 8
Del Norte High School High Regular 1,933 62 9

Willow Grove Elementary School

  • Education Level: Primary
  • # of students: 765
  • # of teachers: 30
9
GreatSchools Rating

Black Mountain Middle School

  • Education Level: Middle
  • # of students: 1,275
  • # of teachers: 47
8
GreatSchools Rating

Del Norte High School

  • Education Level: High
  • # of students: 1,933
  • # of teachers: 62
9
GreatSchools Rating
 

$1,485,000$1,815,000$1,650,000

PURCHASE PRICE

$5,238$6,402$5,820

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $5,820
EXPENSES Loan Payment -$5,731
Property Tax -$1,910
Property Insurance -$120
HOA -$340
Property Management Fees -$129
CASH FLOW
-$2,409

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.

$1,650,000

PROJECTED PRICE

$5,820

PROJECTED RENT

0.35%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.65%
Appreciation Year (1-5) 5.8%
Maintenance Year (1-5) 8.00%
Vacancy 5.45%
Length of Stay Years 2

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$1.0M$2.0M$3.0M$4.0M

PROJECTED ANNUAL CASH FLOW

11530-$40k-$30k-$20k-$10k$0.0$10k$20k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$1.0M$2.0M$3.0M$4.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$443,000

INVESTMENT

$443,000

Down Payment
$412,500
Rehab Estimate
$5,750
Closing Costs
$24,750

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$5,731

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $412,500
Loan Amount $1,237,500
See What Happens When You Reinvest Cash Flow

0.25

YEARS SAVED

$491

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
  • $6,263

    COMP ESTIMATED VALUE
  • $1.7

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$6,1503$6,4954$6,500
$6,500
RENT COMPS ANALYSIS
  • 7411 Las Lunas San Diego, CA 1
    • 4 beds 4 baths ∙ 3,677 Sqft ∙ Built 2003 4 beds 4 baths ∙ 3,677 Sqft ∙ Built 2003
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 7378 Los Brazos San Diego, CA 2
    • 4 beds 4 baths ∙ 3,677 Sqft ∙ Built 2003 4 beds 4 baths ∙ 3,677 Sqft ∙ Built 2003
    LEASED 03/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $6,150
    • $1.67
    •  
  • 14646 Caminito Lazanja San Diego, CA 3
    • 4 beds 5 baths ∙ 3,570 Sqft ∙ Built 2003 4 beds 5 baths ∙ 3,570 Sqft ∙ Built 2003
    LEASED 03/27/20
    • Rent
    • Rent Per SQFT
    •  
    • $6,495
    • $1.82
    •  
  • 6306 Sagebrush Bend Way San Diego, CA 4
    • 5 beds 5 baths ∙ 4,008 Sqft ∙ Built 2013 5 beds 5 baths ∙ 4,008 Sqft ∙ Built 2013
    LEASED 04/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $6,500
    • $1.62
    •  
PROPERTY LISTING DETAILS
Jennifer Berman
1.619.318.4634
Virtuosic Properties, Inc.
1.866.250.5610
San Diego MLS ( SDMLS)
MLS #: 210005615
Last Updated: 03/04/2021
BESbswy