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1125 N Cozy Place Anaheim, CA 92806

3 Beds 2 Baths 1,239 sqft Built 1959

$649,000

List Price

$2,460

$2.2K - $2.7K

Rent Est.

PROPERTY INFO

FACTS
  • Built In 1959
  • Price/Sqft : $523.81
  • 9 Days on Market
  • MLS # : PW20223665
  • Updated Date : 11/01/2020 at 08:43
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,239 sqft
  • Baths : 2 full
Listing Agent

Citivest Realty Services, Inc

Listing Agent's Description

Privacy and Location!!! This is the one. This hidden gem is in the heart of Orange County, located in the world famous Anaheim, CA. Only a few miles away from Disneyland, shopping, freeways, parks, top-rated schools- this home has it all. This opportunistic home has been kept up nicely for years and is ready for the right owner to keep up or add their own touches to it. The home has beautiful mature trees such as camphor and cypress along with enclosed security gates to the front of the home and driveway-not to mention a backyard side access, with large rolling double gates to securely store a boat, RV, or whatever you desire! Low voltage lighting illuminates the yard along with piped in sprinklers to keep the grass green with little-to-no effort. The backyard has many mature foliage along with a PERMITTED workshop with its own electric subpanel. This magnificent workshop can be kept ‘as-is’ or easily be converted into an Accessory Dwelling Unit (ADU) for just another great opportunity. The workshop contains metal racks and a heavy duty workbench for any size project. An open space carport for another storage location is built off of the workshop to keep your projects and tools out of the elements. A block hand built tool shed can safely store items with ease. This home has it all and will go quick. All showings are by appointment! Please contact listing agent with any questions.

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MARKET HIGHLIGHTS

  • 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)
  • 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.

PRICE & RENT TRENDS

Neighborhood: East Anaheim

NeighborhoodNIR Market*CityMarket2010Year20002019250k300k350k400k450k500k550k600k650k700kPrice in $212k742k

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

Neighborhood: East Anaheim

NeighborhoodNIR Market*CityMarket2010Year2000 Q22019 Q2160018002000220024002600280030003200Rent in $15943345

* 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
Rio Vista Elementary School Primary Regular 915 31 5
Valadez Middle School Academy Middle Regular 694 29 4
Valencia High School High Magnet 2,740 100 9

Rio Vista Elementary School

  • Education Level: Primary
  • # of students: 915
  • # of teachers: 31
5
GreatSchools Rating

Valadez Middle School Academy

  • Education Level: Middle
  • # of students: 694
  • # of teachers: 29
4
GreatSchools Rating

Valencia High School

  • Education Level: High
  • # of students: 2,740
  • # of teachers: 100
9
GreatSchools Rating
 

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

PURCHASE PRICE

$2,214$2,706$2,460

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,460
EXPENSES Loan Payment -$2,395
Property Tax -$653
Property Insurance -$57
Property Management Fees -$121
CASH FLOW
-$765

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

$2,460

PROJECTED RENT

0.38%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.42%
Appreciation Year (1-5) 7.1%
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-$15k-$10k-$5.0k$0.0$5.0k$10k

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 65% 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

1.08

YEARS SAVED

$3,360

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,460

    LIST RENT
  • $1.99

    LIST RENT PER SQFT
  • $2,447

    COMP ESTIMATED VALUE
  • $1.98

    COMP AVG. RENT PER SQFT
Comps Range
$2,200
1$2,2002$2,4603$2,6004$2,6005$2,750
$2,750
RENT COMPS ANALYSIS
  • 1125 N Cozy Place Anaheim, CA 2
    • 3 beds 2 baths ∙ 1,239 Sqft ∙ Built 1959 3 beds 2 baths ∙ 1,239 Sqft ∙ Built 1959
    • Rent
    • Rent Per SQFT
    •  
    • $2,460
    • $1.99
    •  
  • 969 Eastwind Drive Placentia, CA 1
    • 3 beds 1 baths ∙ 1,092 Sqft ∙ Built 1972 3 beds 1 baths ∙ 1,092 Sqft ∙ Built 1972
    LEASED 06/06/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,200
    • $2.01
    •  
  • 506 S Plymouth Place Anaheim, CA 3
    • 3 beds 3 baths ∙ 1,350 Sqft ∙ Built 1957 3 beds 3 baths ∙ 1,350 Sqft ∙ Built 1957
    LEASED 04/28/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,600
    • $1.93
    •  
  • 1333 E Kenwood Avenue Anaheim, CA 4
    • 3 beds 2 baths ∙ 1,311 Sqft ∙ Built 1954 3 beds 2 baths ∙ 1,311 Sqft ∙ Built 1954
    LEASED 10/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,600
    • $1.98
    •  
  • 141 S Beth Circle Anaheim, CA 5
    • 3 beds 2 baths ∙ 1,387 Sqft ∙ Built 1969 3 beds 2 baths ∙ 1,387 Sqft ∙ Built 1969
    LEASED 06/28/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,750
    • $1.98
    •  
PROPERTY LISTING DETAILS
Matthew Pleskacz
Citivest Realty Services, Inc
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: PW20223665
Last Updated: 11/01/2020
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