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7832 Calle Pinabete Carlsbad, CA 92009

5 Beds 4 Baths 3,080 sqft Built 1998

$1,625,000

List Price

$4,920

$4.7K - $5.2K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 19, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1998
  • Price/Sqft : $527.60
  • 3 Days on Market
  • MLS # : 210007141
  • Updated Date : 03/20/2021 at 02:39
CONSTRUCTION
  • Beds : 5
  • Floor Size : 3,080 sqft
  • Baths : 3 full , 1 half
Listing Agent

Allison James Estates & Homes

Listing Agent's Description

La Costa Valley Gem with expansive, private .25 acre corner lot! The possibilities for this lot are endless—ADU/casita, resort size pool, lavish garden beds and more! This 5 bedroom/3.5 bath home has been meticulously maintained by its original owners and truly shows like a model. During a 2017 first floor remodel, the sellers capitalized on a clever use of space creating a multi-purpose room separated by oversized double barn doors, offering flexibility for a family’s ever-changing needs. With this and the newly remodeled first floor bedroom and full bath with Newport Brass finishes, the option to create an in-law suite or nanny wing are well within reach. Delight in the cascading sunlight while you gaze out the leaded glass windows which adorn the formal dining room/lounge.In the morning sip your coffee on a 5-minute walk to El Camino Creek Elementary (Encinitas School District/San Dieguito Union H.S. District). In the afternoon, enjoy a a picnic at the tot lot right across the street. Later, find sanctuary in your luxurious master suite with upgraded retreat/office (5th bedroom option in this Shea home). Complete with his and hers vanities and cedar lined custom closets, this Master bathroom has leaded glass windows that face the grand soaking tub and overhead chandelier, providing elegance and privacy. There is no shortage of storage in this home with all custom closets in upstairs bedrooms, custom closet in the oversized laundry room and spacious three car garage.

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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: Rancho la Costa

NeighborhoodNIR Market*CityMarket2010Year20002019250k300k350k400k450k500k550k600k650k700k750k800k850kPrice in $240k892k

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

Neighborhood: Rancho la Costa

NeighborhoodNIR Market*CityMarket2010Year2000 Q42019 Q2180020002200240026002800300032003400360038004000Rent in $16274026

* 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
Oak Crest Middle School Middle Regular 852 36 8
La Costa Canyon High School High Regular 2,013 79 9

Oak Crest Middle School

  • Education Level: Middle
  • # of students: 852
  • # of teachers: 36
8
GreatSchools Rating

La Costa Canyon High School

  • Education Level: High
  • # of students: 2,013
  • # of teachers: 79
9
GreatSchools Rating
 

$1,462,500$1,787,500$1,625,000

PURCHASE PRICE

$4,428$5,412$4,920

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $4,920
EXPENSES Loan Payment -$5,644
Property Tax -$1,588
Property Insurance -$105
HOA -$124
Property Management Fees -$129
CASH FLOW
-$2,670

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.

$1,625,000

PROJECTED PRICE

$4,920

PROJECTED RENT

0.30%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.41%
Appreciation Year (1-5) 5.6%
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$1.0M$2.0M$3.0M$4.0M

PROJECTED ANNUAL CASH FLOW

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

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$436,375

INVESTMENT

$436,375

Down Payment
$406,250
Rehab Estimate
$5,750
Closing Costs
$24,375

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$5,644

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $406,250
Loan Amount $1,218,750
See What Happens When You Reinvest Cash Flow

0.17

YEARS SAVED

$156

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
  • $5,174

    COMP ESTIMATED VALUE
  • $1.68

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$4,5003$5,0004$5,000
$5,000
RENT COMPS ANALYSIS
  • 7832 Calle Pinabete Carlsbad, CA 1
    • 5 beds 4 baths ∙ 3,080 Sqft ∙ Built 1998 5 beds 4 baths ∙ 3,080 Sqft ∙ Built 1998
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 2951 Avenida Valera Carlsbad, CA 2
    • 5 beds 3 baths ∙ 2,738 Sqft ∙ Built 1995 5 beds 3 baths ∙ 2,738 Sqft ∙ Built 1995
    property image
    LEASED 03/10/21
    • Rent
    • Rent Per SQFT
    •  
    • $4,500
    • $1.64
    •  
  • 1778 Orchard Wood Road Encinitas, CA 3
    • 5 beds 3 baths ∙ 2,962 Sqft ∙ Built 1990 5 beds 3 baths ∙ 2,962 Sqft ∙ Built 1990
    property image
    LEASED 04/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $5,000
    • $1.69
    •  
  • 7886 Sitio Abeto Carlsbad, CA 4
    • 4 beds 4 baths ∙ 2,921 Sqft ∙ Built 2002 4 beds 4 baths ∙ 2,921 Sqft ∙ Built 2002
    property image
    LEASED 07/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $5,000
    • $1.71
    •  
PROPERTY LISTING DETAILS
Anna Beath
1.619.518.3064
Allison James Estates & Homes
1.866.250.5610
San Diego MLS ( SDMLS)
MLS #: 210007141
Last Updated: 03/20/2021
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