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1207 N Ventura Street N Anaheim, CA 92801

3 Beds 1 Baths 1,221 sqft Built 1955

$609,900

List Price

$2,400

$2.2K - $2.6K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 13, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1955
  • Price/Sqft : $499.51
  • 3 Days on Market
  • MLS # : PW21043858
  • Updated Date : 03/12/2021 at 22:25
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,221 sqft
  • Baths : 1 full
Listing Agent

Realty Source Inc.

Listing Agent's Description

Ohhh the possibilities to make this your own. This beautiful home has so much to offer. Centrally located to all freeways, schools and entertainment. Bring your paintbrush, ideas and it's ready to go. The layout is ideal and there's lots of backyard space to throw that family BBQ coming up this summer. This 3 bedroom, 2 bath needs a family to complete it. There's ample parking in the oversize driveway besides the large 2 car garage. Come see what an opportunity this is waiting to make it yours.

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

Neighborhood: West Anaheim

NeighborhoodNIR Market*CityMarket2010Year20002019250k300k350k400k450k500k550k600k650k700kPrice in $212k742k

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

Neighborhood: West Anaheim

NeighborhoodNIR Market*CityMarket2010Year2000 Q22019 Q2160018002000220024002600280030003200Rent in $15413345

* 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
Brookhurst Junior High School Middle Regular 1,193 45 3
Savanna High School High Regular 2,055 73 3
Brookhurst Junior High School Middle Unknown NA

Brookhurst Junior High School

  • Education Level: Middle
  • # of students: 1,193
  • # of teachers: 45
3
GreatSchools Rating

Savanna High School

  • Education Level: High
  • # of students: 2,055
  • # of teachers: 73
3
GreatSchools Rating

Brookhurst Junior High School

  • Education Level: Middle
  • # of students:
  • # of teachers:
NA
GreatSchools Rating
 

$548,910$670,890$609,900

PURCHASE PRICE

$2,160$2,640$2,400

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,400
EXPENSES Loan Payment -$2,118
Property Tax -$628
Property Insurance -$57
Property Management Fees -$118
CASH FLOW
-$520

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.

$609,900

PROJECTED PRICE

$2,400

PROJECTED RENT

0.39%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.42%
Appreciation Year (1-5) 6.9%
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$200k$400k$600k$800k$1.0M$1.2M$1.4M$1.6M$1.8M

PROJECTED ANNUAL CASH FLOW

11530-$10k-$5.0k$0.0$5.0k$10k$15k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M$1.6M$1.8M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$167,374

INVESTMENT

$167,374

Down Payment
$152,475
Rehab Estimate
$5,750
Closing Costs
$9,149

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,118

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $152,475
Loan Amount $457,425
See What Happens When You Reinvest Cash Flow

1.92

YEARS SAVED

$7,572

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,400

    LIST RENT
  • $1.97

    LIST RENT PER SQFT
  • $2,439

    COMP ESTIMATED VALUE
  • $2

    COMP AVG. RENT PER SQFT
Comps Range
$2,400
1$2,4002$2,5003$2,5004$2,6005$3,000
$3,000
RENT COMPS ANALYSIS
  • 1207 N Ventura Street N Anaheim, CA 1
    • 3 beds 1 baths ∙ 1,221 Sqft ∙ Built 1955 3 beds 1 baths ∙ 1,221 Sqft ∙ Built 1955
    • Rent
    • Rent Per SQFT
    •  
    • $2,400
    • $1.97
    •  
  • 1954 W W Glenoaks Ave Anaheim, CA 2
    • 3 beds 3 baths ∙ 1,258 Sqft ∙ Built 1964 3 beds 3 baths ∙ 1,258 Sqft ∙ Built 1964
    LEASED 01/26/21
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $1.99
    •  
  • 1345 N Ferndale Street Anaheim, CA 3
    • 4 beds 2 baths ∙ 1,307 Sqft ∙ Built 1954 4 beds 2 baths ∙ 1,307 Sqft ∙ Built 1954
    LEASED 04/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $1.91
    •  
  • 2421 W Greenacre Avenue Anaheim, CA 4
    • 3 beds 2 baths ∙ 1,284 Sqft ∙ Built 1955 3 beds 2 baths ∙ 1,284 Sqft ∙ Built 1955
    LEASED 11/24/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,600
    • $2.02
    •  
  • 926 N Cavon Place Anaheim, CA 5
    • 4 beds 2 baths ∙ 1,447 Sqft ∙ Built 1956 4 beds 2 baths ∙ 1,447 Sqft ∙ Built 1956
    LEASED 10/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,000
    • $2.07
    •  
PROPERTY LISTING DETAILS
Sherman Jones
Realty Source Inc.
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: PW21043858
Last Updated: 03/12/2021
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