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11730 Cozumel Street Garden Grove, CA 90630

4 Beds 3 Baths 2,136 sqft Built 1973

INVESTimate

$789,000

List Price

$2,930

$2,680 - $3,180

Rent Est.

$838,628  ( +6.29%)   1 YR EST. FORECAST

PROPERTY INFO

August 25, 2020 RECENTLY ADDED
FACTS
  • Built In 1973
  • Price/Sqft : $369.38
  • 3 Days on Market
  • MLS # : SW20173420
  • Updated Date : 08/25/2020 at 10:06
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,136 sqft
  • Baths : 3 full
Listing Agent

Signature Real Estate Group

Listing Agent's Description

Welcome to 11730 Cozumel Street, a beautiful home located in the highly desirable community of Cypress/Garden Grove. This is the only home on the market that offers an open floor plan with 4 bedrooms, 3 bathrooms with a large open lot at the end of the cul-de-sac. The kitchen features tile counters, recent paint, and laminate flooring that flows seamlessly throughout the dining room and living room. Brand new carpet installed last year along with the interior repainted. Downstairs includes a covered patio for the backyard, a downstairs office with a closet that can be used as a bedroom. The second level is where you will find the master suite, two more bedrooms, and a cozy loft.. Additional features include direct access 2-car garage, newer water heater, along with a shed on the property. Plenty of space to put a pool along with built in patio cover makes 11730 Cozumel Street the ultimate property for hosting family gatherings, and an amazing property to add to your investment portfolio. Conveniently located across the street from the Cypress Navy golf course, convenience stores, local well maintained parks, and award-winning Pacifica High School. Located 10 minutes from Knotts Berry farm, 15 minutes from DisneyLand, and 20 minutes from Seal Beach. This will not last!

SEE MORE

MARKET HIGHLIGHTS

  • 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 area contributes to 55.3% of California state economy i.e. Gross State Product (USMayors.org, 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)
  • As part of Southern California area, Orange County market inherits all the benefits from the area.
  • 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)

PRICE & RENT TRENDS

Neighborhood: Cypress

NeighborhoodNIR Market*CityMarket2010Year20002019250k300k350k400k450k500k550k600k650k700kPrice in $243k742k

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

Neighborhood: Cypress

NeighborhoodNIR Market*CityMarket2010Year2000 Q22019 Q22000220024002600280030003200Rent in $18413345

* 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
Patton Elementary School Primary Regular 1,006 37 10
Patton Elementary School Middle Regular 1,006 37 10
Pacifica High School High Regular 1,773 75 9

Patton Elementary School

  • Education Level: Primary
  • # of students: 1,006
  • # of teachers: 37
10
GreatSchools Rating

Patton Elementary School

  • Education Level: Middle
  • # of students: 1,006
  • # of teachers: 37
10
GreatSchools Rating

Pacifica High School

  • Education Level: High
  • # of students: 1,773
  • # of teachers: 75
9
GreatSchools Rating
 

$710,100$867,900$789,000

PURCHASE PRICE

$2,637$3,223$2,930

RENT

DOWN PAYMENT
FINANCING

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

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,930
EXPENSES Loan Payment -$2,911
Property Tax -$796
Property Insurance -$79
Property Management Fees -$144
CASH FLOW
-$1,000

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.

$789,000

PROJECTED PRICE

$2,930

PROJECTED RENT

0.37%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.24%
Appreciation Year (1-5) 6.29%
Maintenance Year (1-5) 8.00%
Vacancy 5.38%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$214,835

INVESTMENT

$214,835

Down Payment
$197,250
Rehab Estimate
$5,750
Closing Costs
$11,835

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 65% down payment or higher enables the proceeds from the asset to cover all costs.

$2,911

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $197,250
Loan Amount $591,750
See What Happens When You Reinvest Cash Flow

0.42

YEARS SAVED

$1,273

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,930

    LIST RENT
  • $1.37

    LIST RENT PER SQFT
  • $3,071

    COMP ESTIMATED VALUE
  • $1.44

    COMP AVG. RENT PER SQFT
Comps Range
$2,700
1$2,7002$2,9303$3,1504$3,2505$3,575
$3,575
RENT COMPS ANALYSIS
  • 11730 Cozumel Street Garden Grove, 2
    • 4 beds 3 baths ∙ 2,136 Sqft ∙ Built 1973 4 beds 3 baths ∙ 2,136 Sqft ∙ Built 1973
    • Rent
    • Rent Per SQFT
    •  
    • $2,930
    • $1.37
    •  
  • 6201 Santa Rita Avenue Garden Grove, 1
    • 3 beds 2 baths ∙ 2,000 Sqft ∙ Built 1960 3 beds 2 baths ∙ 2,000 Sqft ∙ Built 1960
    LEASED 11/14/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,700
    • $1.35
    •  
  • 11601 Luzon Street Cypress, 3
    • 5 beds 3 baths ∙ 2,250 Sqft ∙ Built 1970 5 beds 3 baths ∙ 2,250 Sqft ∙ Built 1970
    LEASED 04/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,150
    • $1.40
    •  
  • 11573 Manila Drive Cypress, 4
    • 5 beds 2 baths ∙ 2,263 Sqft ∙ Built 1969 5 beds 2 baths ∙ 2,263 Sqft ∙ Built 1969
    LEASED 09/23/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,250
    • $1.44
    •  
  • 6188 Palau Street Cypress, 5
    • 5 beds 3 baths ∙ 2,297 Sqft ∙ Built 1971 5 beds 3 baths ∙ 2,297 Sqft ∙ Built 1971
    LEASED 09/28/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,575
    • $1.56
    •  
PROPERTY LISTING DETAILS
Christian Stone
Signature Real Estate Group
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: SW20173420
Last Updated: 08/25/2020
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