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119 San Jose Lane Placentia, CA 92870

5 Beds 3 Baths 2,449 sqft Built 1975

INVESTimate

$889,000

List Price

$3,690

$3,440 - $3,940

Rent Est.

$938,251  ( +5.54%)   1 YR EST. FORECAST

PROPERTY INFO

August 20, 2020 RECENTLY ADDED
FACTS
  • Built In 1975
  • Price/Sqft : $363.01
  • 8 Days on Market
  • MLS # : DW20160816
  • Updated Date : 08/21/2020 at 16:22
CONSTRUCTION
  • Beds : 5
  • Floor Size : 2,449 sqft
  • Baths : 3 full
Listing Agent

Keller Williams Realty Brea/fullerton

Listing Agent's Description

Welcome to this great two story home with a front court yard and an impressive back yard with fruit and vegetable trees. Located in a pristine neighborhood, the home features new wood laminate flooring, custom crown molding and dual pane windows. New kitchen appliances have been installed including the microwave, oven, and cook top. The first floor features one bedroom which can be used as a small office, a bathroom, the formal dinning room, living room and and a separate bonus family room with a fireplace. The second floor has 4 bedrooms and an additional room with a wet bar and balcony. It's a perfect room for entertaining friends and family, can easily be used as game room, movie theatre, the use for this room is limitless. The ample master bedroom has fireplace with double sink vanity and semi-walk in closet. The backyard has a vegetable and fruit garden along side the perimeter of the property. Fruit and vegetation includes: grapes, orange tree, banana tree, pear tree, tomatoes. The current owner has invested lots of time and money into the backyard, reap the benefits of growing your own fruits and vegetables. Broker and Broker's agents do not represent or guarantee accuracy of square footage, bedroom/ bath count, lot size or lot lines/ dimensions, permitted or un-permitted spaces, school boundary lines or eligibility or other information concerning the conditions or features of the property. Buyer is advised to independently verify the accuracy of all info.

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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)
  • 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 area contributes to 55.3% of California state economy i.e. Gross State Product (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)
  • Southern California's economy is worth $1.58 trillion in Gross Metro Product and projected to grow to $1.67 trillion (USMayors.org, 2018)
  • As part of Southern California area, Orange County market inherits all the benefits from the area.

PRICE & RENT TRENDS

Zip Code: 92870

ZipNIR Market*CityMarket2010Year20002019250k300k350k400k450k500k550k600k650k700kPrice in $243k742k

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

Zip Code: 92870

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
Tynes Elementary School Primary Magnet 824 30 7
Kraemer Middle School Middle Magnet 952 38 7
Valencia High School High Magnet 2,740 100 9

Tynes Elementary School

  • Education Level: Primary
  • # of students: 824
  • # of teachers: 30
7
GreatSchools Rating

Kraemer Middle School

  • Education Level: Middle
  • # of students: 952
  • # of teachers: 38
7
GreatSchools Rating

Valencia High School

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

$800,100$977,900$889,000

PURCHASE PRICE

$3,321$4,059$3,690

RENT

DOWN PAYMENT
FINANCING

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$500k$1.0M$1.5M$2.0M$2.5M

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$2.5M

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,690
EXPENSES Loan Payment -$3,280
Property Tax -$946
Property Insurance -$86
Property Management Fees -$181
CASH FLOW
-$803

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.

$889,000

PROJECTED PRICE

$3,690

PROJECTED RENT

0.42%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.24%
Appreciation Year (1-5) 5.54%
Maintenance Year (1-5) 8.00%
Vacancy 5.38%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$241,335

INVESTMENT

$241,335

Down Payment
$222,250
Rehab Estimate
$5,750
Closing Costs
$13,335

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$3,280

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $222,250
Loan Amount $666,750
See What Happens When You Reinvest Cash Flow

1.67

YEARS SAVED

$11,090

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,690

    LIST RENT
  • $1.51

    LIST RENT PER SQFT
  • $3,649

    COMP ESTIMATED VALUE
  • $1.49

    COMP AVG. RENT PER SQFT
Comps Range
$3,300
1$3,3002$3,3503$3,4004$3,5005$3,690
$3,690
RENT COMPS ANALYSIS
  • 119 San Jose Lane Placentia, 5
    • 5 beds 3 baths ∙ 2,449 Sqft ∙ Built 1975 5 beds 3 baths ∙ 2,449 Sqft ∙ Built 1975
    • Rent
    • Rent Per SQFT
    •  
    • $3,690
    • $1.51
    •  
  • 342 E. Concord Way Placentia, 1
    • 4 beds 3 baths ∙ 2,250 Sqft ∙ Built 1991 4 beds 3 baths ∙ 2,250 Sqft ∙ Built 1991
    LEASED 11/02/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,300
    • $1.47
    •  
  • 503 E Milano Street Placentia, 2
    • 4 beds 3 baths ∙ 2,211 Sqft ∙ Built 1992 4 beds 3 baths ∙ 2,211 Sqft ∙ Built 1992
    LEASED 10/14/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,350
    • $1.52
    •  
  • 668 Highlander Avenue Placentia, 3
    • 4 beds 2 baths ∙ 2,300 Sqft ∙ Built 1968 4 beds 2 baths ∙ 2,300 Sqft ∙ Built 1968
    LEASED 05/13/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,400
    • $1.48
    •  
  • 668 Brunswick Avenue Placentia, 4
    • 5 beds 3 baths ∙ 2,352 Sqft ∙ Built 1965 5 beds 3 baths ∙ 2,352 Sqft ∙ Built 1965
    LEASED 06/07/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,500
    • $1.49
    •  
PROPERTY LISTING DETAILS
Tyler Nakazaki
Keller Williams Realty Brea/fullerton
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: DW20160816
Last Updated: 08/21/2020
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