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1100 W La Entrada Circle Anaheim, CA 92801

3 Beds 2 Baths 1,619 sqft Built 1971

$699,000

List Price

$3,010

$2.8K - $3.3K

Rent Est.

PROPERTY INFO

January 16, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1971
  • Price/Sqft : $431.75
  • 3 Days on Market
  • MLS # : OC21009950
  • Updated Date : 01/16/2021 at 17:49
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,619 sqft
  • Baths : 2 full
Listing Agent

Exp Realty Of California Inc

Listing Agent's Description

Prime Anaheim single story home on a large wrap around corner lot. Spacious 3 bed/2 full bath home with an open layout, with newer windows and window treatments throughout, for an abundancy of light. The kitchen has a large, long breakfast bar with plenty of counter space and ample cabinets complete with a pantry. This large, versatile kitchen is wide open to the dining and family rooms, and has a double oven and a stainless steel dishwasher and fridge. The formal living room has a brick gas fireplace, and large elegant windows at the front of the home. The family room also has handsome dual pane windows with a glass slider that opens to a covered patio into the back yard, for the true California indoor/outdoor living. The yard takes advantage of the vast lot and wraps around the house creating multiple outdoor areas for fun. Great for entertaining. There are solid newer major appliances – Rugged recent AC & furnace (2017), and the water heater is newer as well. There’s an attached 2 car garage with lots of room and storage cabinets, and the washer and dryer are included. Large driveway provides plenty of parking, and the home is at the end of a cul-de-sac, nestled right in the heart of everything in Anaheim.

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: The Colony

NeighborhoodNIR Market*CityMarket2010Year20002019200k250k300k350k400k450k500k550k600k650k700kPrice in $199k742k

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

Neighborhood: The Colony

NeighborhoodNIR Market*CityMarket2010Year2000 Q22019 Q2160018002000220024002600280030003200Rent in $14693345

* 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
 

$629,100$768,900$699,000

PURCHASE PRICE

$2,709$3,311$3,010

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,010
EXPENSES Loan Payment -$2,428
Property Tax -$731
Property Insurance -$66
Property Management Fees -$147
CASH FLOW
-$363

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.

$699,000

PROJECTED PRICE

$3,010

PROJECTED RENT

0.43%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.42%
Appreciation Year (1-5) 7.2%
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$20k$25k

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$190,985

INVESTMENT

$190,985

Down Payment
$174,750
Rehab Estimate
$5,750
Closing Costs
$10,485

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 55% down payment or higher enables the proceeds from the asset to cover all costs.

$2,428

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $174,750
Loan Amount $524,250
See What Happens When You Reinvest Cash Flow

3.58

YEARS SAVED

$22,460

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,010

    LIST RENT
  • $1.86

    LIST RENT PER SQFT
  • $3,157

    COMP ESTIMATED VALUE
  • $1.95

    COMP AVG. RENT PER SQFT
Comps Range
$2,800
1$2,8002$3,0003$3,0104$3,2005$3,400
$3,400
RENT COMPS ANALYSIS
  • 1100 W La Entrada Circle Anaheim, CA 3
    • 3 beds 2 baths ∙ 1,619 Sqft ∙ Built 1971 3 beds 2 baths ∙ 1,619 Sqft ∙ Built 1971
    • Rent
    • Rent Per SQFT
    •  
    • $3,010
    • $1.86
    •  
  • 1511 S Pomona Avenue Fullerton, CA 1
    • 3 beds 2 baths ∙ 1,433 Sqft ∙ Built 1963 3 beds 2 baths ∙ 1,433 Sqft ∙ Built 1963
    LEASED 03/16/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,800
    • $1.95
    •  
  • 1274 W Claredge Drive Anaheim, CA 2
    • 3 beds 2 baths ∙ 1,459 Sqft ∙ Built 1958 3 beds 2 baths ∙ 1,459 Sqft ∙ Built 1958
    LEASED 05/13/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,000
    • $2.06
    •  
  • 1129 N Outrigger Way Anaheim, CA 4
    • 3 beds 3 baths ∙ 1,662 Sqft ∙ Built 1981 3 beds 3 baths ∙ 1,662 Sqft ∙ Built 1981
    LEASED 01/14/21
    • Rent
    • Rent Per SQFT
    •  
    • $3,200
    • $1.93
    •  
  • 1174 N Voyager Lane Anaheim, CA 5
    • 3 beds 3 baths ∙ 1,825 Sqft ∙ Built 1977 3 beds 3 baths ∙ 1,825 Sqft ∙ Built 1977
    LEASED 04/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,400
    • $1.86
    •  
PROPERTY LISTING DETAILS
David Sidoni
Exp Realty Of California Inc
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: OC21009950
Last Updated: 01/16/2021
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