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1069 N Hermosa Drive Anaheim, CA 92801

3 Beds 2 Baths 1,053 sqft Built 1954

$649,000

List Price

$2,580

$2.3K - $2.8K

Rent Est.

PROPERTY INFO

December 19, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1954
  • Price/Sqft : $616.33
  • 3 Days on Market
  • MLS # : RS20260036
  • Updated Date : 12/19/2020 at 17:12
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,053 sqft
  • Baths : 1 full , 1 half
Listing Agent

C-21 Astro

Listing Agent's Description

A Vision of Romantic Timelessness! The perfect complement of traditional architectural design & quality craftsmanship, this home features the charm of a dramatically laid-out interior, crowned by high sloping ceilings & equipped with an array of upgraded amenities. A luxuriously maintained backyard w/ lush, succulent plants, state-of-the-art patio & built-in BBQ grill lies beyond that's great for entertaining amidst nature's seasonal glories. Timeless & graceful, yet cozy enough to embrace any modern family, this home is a reflection of ageless charm & refinement. Foyer features laminate floor. Living & dining rooms have slate tile floors, high sloping ceiling, ceiling fan/light fixture, decorative stacked stones on wall & counter. Gleaming kitchen features formica countertop, tumble stone backsplash, slate tile floor, newly varnished cabinets, 4-burner gas range, stainless steel sink, GE microwave. Master BR features laminate floor, upgraded baseboards, spacious closet, sloping ceiling & a powder room w/ ceramic tile floor. 1 BR has laminate floor, vertical blinds & chair rail. Another BR has laminate floor, sloping ceiling & spacious closet. Double pane windows t/o. Full bath w/ ceramic tile floor, cultured marble countertop, light fixture, cast iron tub, Kohler toilet, upgraded mirror, upgraded light fixtures & faucet fixture. Sumptuous backyard features succulent plants, turf, pergola, patio, BBQ counter, Jenn-Air BBQ grill, ceramic tile floor, tool shed & fruit trees.

SEE MORE

MARKET HIGHLIGHTS

  • Los Angeles has been awarded the 2028 Olympics under a funding commitment of $88 billion to upgrade the transportation infrastructure connecting disparate pockets of the metro area. This is expected to produce additional employment in the coming years. (BCG, 2018)
  • As part of Southern California area, Orange County 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 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)
  • Southern California's economy is worth $1.58 trillion in Gross Metro Product and projected to grow to $1.67 trillion (USMayors.org, 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)
  • 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 Euclid

NeighborhoodNIR Market*CityMarket2010Year20002019200k250k300k350k400k450k500k550k600k650k700kPrice in $192k742k

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

Neighborhood: North Euclid

NeighborhoodNIR Market*CityMarket2010Year2000 Q22019 Q2160018002000220024002600280030003200Rent in $14943345

* 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
Price Elementary School Primary Regular 798 27 6
Price Elementary School Middle Regular 798 27 6
Anaheim High School High Regular 3,206 130 4

Price Elementary School

  • Education Level: Primary
  • # of students: 798
  • # of teachers: 27
6
GreatSchools Rating

Price Elementary School

  • Education Level: Middle
  • # of students: 798
  • # of teachers: 27
6
GreatSchools Rating

Anaheim High School

  • Education Level: High
  • # of students: 3,206
  • # of teachers: 130
4
GreatSchools Rating
 

$584,100$713,900$649,000

PURCHASE PRICE

$2,322$2,838$2,580

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,580
EXPENSES Loan Payment -$2,395
Property Tax -$679
Property Insurance -$53
Property Management Fees -$126
CASH FLOW
-$672

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 12% of earned rent to cover both maintenance and periods of vacancy.

$649,000

PROJECTED PRICE

$2,580

PROJECTED RENT

0.40%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.42%
Appreciation Year (1-5) 7.3%
Maintenance Year (1-5) 8.00%
Vacancy 4.35%
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-$10k-$5.0k$0.0$5.0k$10k$15k

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$177,735

INVESTMENT

$177,735

Down Payment
$162,250
Rehab Estimate
$5,750
Closing Costs
$9,735

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 60% down payment or higher enables the proceeds from the asset to cover all costs.

$2,395

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $162,250
Loan Amount $486,750
See What Happens When You Reinvest Cash Flow

1.5

YEARS SAVED

$6,177

INTEREST SAVED

CASH FLOW REINVESTMENT

The time & interest saved by applying each month's positive cash flow towards loan principal pay down.

  • $2,580

    LIST RENT
  • $2.45

    LIST RENT PER SQFT
  • $2,259

    COMP ESTIMATED VALUE
  • $2.15

    COMP AVG. RENT PER SQFT
Comps Range
$2,580
1$2,5802$2,8003$2,8954$2,9505$3,000
$3,000
RENT COMPS ANALYSIS
  • 1069 N Hermosa Drive Anaheim, CA 1
    • 3 beds 2 baths ∙ 1,053 Sqft ∙ Built 1954 3 beds 2 baths ∙ 1,053 Sqft ∙ Built 1954
    • Rent
    • Rent Per SQFT
    •  
    • $2,580
    • $2.45
    •  
  • 626 S Alvy Street Anaheim, CA 2
    • 4 beds 2 baths ∙ 1,350 Sqft ∙ Built 1955 4 beds 2 baths ∙ 1,350 Sqft ∙ Built 1955
    LEASED 09/19/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,800
    • $2.07
    •  
  • 1414 W Frances Drive Anaheim, CA 3
    • 4 beds 1 baths ∙ 1,313 Sqft ∙ Built 1955 4 beds 1 baths ∙ 1,313 Sqft ∙ Built 1955
    LEASED 12/31/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,895
    • $2.20
    •  
  • 508 S Fann Street Anaheim, CA 4
    • 3 beds 2 baths ∙ 1,377 Sqft ∙ Built 1956 3 beds 2 baths ∙ 1,377 Sqft ∙ Built 1956
    LEASED 07/31/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,950
    • $2.14
    •  
  • 1637 W Woodcrest Avenue Fullerton, CA 5
    • 4 beds 2 baths ∙ 1,380 Sqft ∙ Built 1954 4 beds 2 baths ∙ 1,380 Sqft ∙ Built 1954
    LEASED 01/08/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,000
    • $2.17
    •  
PROPERTY LISTING DETAILS
Reeza Gervacio
C-21 Astro
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: RS20260036
Last Updated: 12/19/2020
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