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1249 N Jefferson Street Placentia, CA 92870

4 Beds 2 Baths 1,669 sqft Built 1964

$795,000

List Price

$3,180

$2.9K - $3.4K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 10, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1964
  • Price/Sqft : $476.33
  • 5 Days on Market
  • MLS # : OC21048674
  • Updated Date : 03/12/2021 at 08:46
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,669 sqft
  • Baths : 2 full
Listing Agent

Redfin

Listing Agent's Description

Beautiful four-bedroom home in Placentia features designer colors, recessed lighting, crown molding and upgraded laminate flooring. Enter the living room with a cozy fireplace, plantation shutters and large windows that allow an abundance of natural light to illuminate the open floor plan. The kitchen impresses with expresso tone cabinets, center island, pantry, granite countertops, with stainless steel appliance including single oven gas range, dishwasher and microwave. The adjacent dining area with large slider leads to the gorgeous back yard with a open patio, Gazebo with bar top, BBQ with flagstone counter, cooler, firepit, grassy, play and sandbox area. The main floor primary bedroom ensuite features dual sinks and floor to ceiling tile walk-in shower. Up the stairs to find three bedrooms with carpet, shutters and new ceiling fans, down the hallway is a full bathroom. 2-car garage with direct access, laundry area, A/C unit, rain gutters, aluminate gate RV parking and extended driveway. Front and back yard sprinkler system, Nest-thermostat, ring door bell, exterior security camera system. Buyer to qualify and transfer solar panel lease. Nearby shopping, restaurants, parks and more. This beautiful home welcomes you.

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: 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
Kraemer Middle School Middle Magnet 952 38 7
Valencia High School High Magnet 2,740 100 9

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
 

$715,500$874,500$795,000

PURCHASE PRICE

$2,862$3,498$3,180

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,180
EXPENSES Loan Payment -$2,761
Property Tax -$800
Property Insurance -$67
Property Management Fees -$156
CASH FLOW
-$604

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.

$795,000

PROJECTED PRICE

$3,180

PROJECTED RENT

0.40%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.24%
Appreciation Year (1-5) 5.5%
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-$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$216,425

INVESTMENT

$216,425

Down Payment
$198,750
Rehab Estimate
$5,750
Closing Costs
$11,925

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,761

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $198,750
Loan Amount $596,250
See What Happens When You Reinvest Cash Flow

2.08

YEARS SAVED

$11,043

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,180

    LIST RENT
  • $1.91

    LIST RENT PER SQFT
  • $3,146

    COMP ESTIMATED VALUE
  • $1.89

    COMP AVG. RENT PER SQFT
Comps Range
$2,600
1$2,6002$3,1003$3,1804$3,3005$3,400
$3,400
RENT COMPS ANALYSIS
  • 1249 N Jefferson Street Placentia, CA 3
    • 4 beds 2 baths ∙ 1,669 Sqft ∙ Built 1964 4 beds 2 baths ∙ 1,669 Sqft ∙ Built 1964
    • Rent
    • Rent Per SQFT
    •  
    • $3,180
    • $1.91
    •  
  • 5901 Casson Drive Yorba Linda, CA 1
    • 3 beds 2 baths ∙ 1,500 Sqft ∙ Built 1969 3 beds 2 baths ∙ 1,500 Sqft ∙ Built 1969
    LEASED 03/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,600
    • $1.73
    •  
  • 4691 Briarhill Drive Yorba Linda, CA 2
    • 4 beds 2 baths ∙ 1,590 Sqft ∙ Built 1963 4 beds 2 baths ∙ 1,590 Sqft ∙ Built 1963
    LEASED 11/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,100
    • $1.95
    •  
  • 4902 Torida Yorba Linda, CA 4
    • 4 beds 2 baths ∙ 1,662 Sqft ∙ Built 1963 4 beds 2 baths ∙ 1,662 Sqft ∙ Built 1963
    LEASED 10/13/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,300
    • $1.99
    •  
  • 5432 Jefferson Street Yorba Linda, CA 5
    • 3 beds 2 baths ∙ 1,814 Sqft ∙ Built 1972 3 beds 2 baths ∙ 1,814 Sqft ∙ Built 1972
    LEASED 09/25/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,400
    • $1.87
    •  
PROPERTY LISTING DETAILS
Susan Karcher
Redfin
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: OC21048674
Last Updated: 03/12/2021
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