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

1143 Wardman Drive Brea, CA 92821

3 Beds 2 Baths 2,464 sqft Built 1958

$875,000

List Price

$3,420

$3.2K - $3.7K

Rent Est.

PROPERTY INFO

February 12, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1958
  • Price/Sqft : $355.11
  • 3 Days on Market
  • MLS # : PW21028829
  • Updated Date : 02/12/2021 at 08:35
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,464 sqft
  • Baths : 2 full
Listing Agent

Keller Williams Realty

Listing Agent's Description

Do not miss this opportunity to live in the highly desired Pleasant Hills neighborhood in Brea! Welcome to 1043 Wardman Drive is a single-story Ranch Style home located in one of the most sought-after communities. The home has 3 stone and brick fireplaces located in the Den, Dining Room and Family Room. Three large oversized bedrooms, 2 large bathrooms, inside laundry, eat in kitchen area and formal dining room. Large family room and Den with a wet bar with direct access to your covered patio, living space and pool. The private lush backyard is like an oasis that includes a huge sparkling pool with plenty of room for an AUD. A sprawling lot just under 15K sq ft. Don’t miss out, schedule your appointment to view. Professional Photos Coming Soon.

SEE MORE

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

Zip Code: 92821

ZipNIR Market*CityMarket2010Year20002019250k300k350k400k450k500k550k600k650k700kPrice in $243k742k

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

Zip Code: 92821

ZipNIR Market*CityMarket2010Year2000 Q22019 Q22000220024002600280030003200Rent in $18443345

* 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
Brea Junior High School Middle Regular 891 32 8
Brea-olinda High School High Regular 1,895 68 9

Brea Junior High School

  • Education Level: Middle
  • # of students: 891
  • # of teachers: 32
8
GreatSchools Rating

Brea-olinda High School

  • Education Level: High
  • # of students: 1,895
  • # of teachers: 68
9
GreatSchools Rating
 

$787,500$962,500$875,000

PURCHASE PRICE

$3,078$3,762$3,420

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,420
EXPENSES Loan Payment -$3,039
Property Tax -$843
Property Insurance -$87
Property Management Fees -$168
CASH FLOW
-$716

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.

$875,000

PROJECTED PRICE

$3,420

PROJECTED RENT

0.39%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.24%
Appreciation Year (1-5) 4.7%
Maintenance Year (1-5) 8.00%
Vacancy 5.38%
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$15k$20k

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$237,625

INVESTMENT

$237,625

Down Payment
$218,750
Rehab Estimate
$5,750
Closing Costs
$13,125

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$3,039

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $218,750
Loan Amount $656,250
See What Happens When You Reinvest Cash Flow

1.67

YEARS SAVED

$10,162

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,420

    LIST RENT
  • $1.39

    LIST RENT PER SQFT
  • $3,819

    COMP ESTIMATED VALUE
  • $1.55

    COMP AVG. RENT PER SQFT
Comps Range
$3,299
1$3,2992$3,4203$3,4504$3,600
$3,600
RENT COMPS ANALYSIS
  • 1143 Wardman Drive Brea, CA 2
    • 3 beds 2 baths ∙ 2,464 Sqft ∙ Built 1958 3 beds 2 baths ∙ 2,464 Sqft ∙ Built 1958
    • Rent
    • Rent Per SQFT
    •  
    • $3,420
    • $1.39
    •  
  • 1182 Steele Drive Brea, CA 1
    • 3 beds 3 baths ∙ 2,182 Sqft ∙ Built 1965 3 beds 3 baths ∙ 2,182 Sqft ∙ Built 1965
    LEASED 07/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,299
    • $1.51
    •  
  • 346 Buttonwood Drive Brea, CA 3
    • 4 beds 2 baths ∙ 2,279 Sqft ∙ Built 1965 4 beds 2 baths ∙ 2,279 Sqft ∙ Built 1965
    LEASED 07/08/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,450
    • $1.51
    •  
  • 809 Las Riendas Drive Fullerton, CA 4
    • 4 beds 3 baths ∙ 2,205 Sqft ∙ Built 1977 4 beds 3 baths ∙ 2,205 Sqft ∙ Built 1977
    LEASED 08/15/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,600
    • $1.63
    •  
PROPERTY LISTING DETAILS
Randee Nelson
Keller Williams Realty
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: PW21028829
Last Updated: 02/12/2021
BESbswy