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1249 N Siesta Street Anaheim, CA 92801

3 Beds 2 Baths 1,372 sqft Built 1955

$700,000

List Price

$2,710

$2.5K - $3K

Rent Est.

PROPERTY INFO

January 15, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1955
  • Price/Sqft : $510.20
  • 3 Days on Market
  • MLS # : PW21009696
  • Updated Date : 01/15/2021 at 13:40
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,372 sqft
  • Baths : 2 full
Listing Agent

Keller Williams Rlty Riverside

Listing Agent's Description

Just in time to purchase this upgraded POOL HOME before the summer! This home, originally four bedrooms, now a 3 bedroom home as the living area has been expanded and includes beautiful wood floors, a fireplace, a spacious layout, and a wine cooler bar for your entertaining! The open layout features a beautiful kitchen with an island bar with cook-top range and stove. The kitchen has upgraded counter tops, newer cabinets, and beautiful appliances to include: frig, dishwasher, stove, microwave, and stackable washer and dryer!!! Ceiling fans in dining area and bedrooms. This is definitely a must see home! Don't forget the sparkling pool with outdoor patio area for more entertaining especially for those summer nights. There is an extra bathroom with shower, sink, and toilet located at the exterior of the home and great to use for pool guest. The garage has sliding doors and is being used as an extra entertaining area. This home won't last long!

SEE MORE

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)
  • As part of Southern California area, Orange County market inherits all the benefits from the area.
  • 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)

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
Marshall Elementary School Primary Regular 752 27 3
Brookhurst Junior High School Middle Regular 1,193 45 3
Savanna High School High Regular 2,055 73 3

Marshall Elementary School

  • Education Level: Primary
  • # of students: 752
  • # of teachers: 27
3
GreatSchools Rating

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
 

$630,000$770,000$700,000

PURCHASE PRICE

$2,439$2,981$2,710

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,710
EXPENSES Loan Payment -$2,431
Property Tax -$720
Property Insurance -$60
Property Management Fees -$133
CASH FLOW
-$635

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.

$700,000

PROJECTED PRICE

$2,710

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$500k$1.0M$1.5M$2.0M

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$500k$1.0M$1.5M$2.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$191,250

INVESTMENT

$191,250

Down Payment
$175,000
Rehab Estimate
$5,750
Closing Costs
$10,500

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,431

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $175,000
Loan Amount $525,000
See What Happens When You Reinvest Cash Flow

1.67

YEARS SAVED

$7,197

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,710

    LIST RENT
  • $1.98

    LIST RENT PER SQFT
  • $2,734

    COMP ESTIMATED VALUE
  • $1.99

    COMP AVG. RENT PER SQFT
Comps Range
$2,500
1$2,5002$2,5003$2,7104$2,9005$3,000
$3,000
RENT COMPS ANALYSIS
  • 1249 N Siesta Street Anaheim, CA 3
    • 3 beds 2 baths ∙ 1,372 Sqft ∙ Built 1955 3 beds 2 baths ∙ 1,372 Sqft ∙ Built 1955
    • Rent
    • Rent Per SQFT
    •  
    • $2,710
    • $1.98
    •  
  • 1954 W W Glenoaks Ave Anaheim, CA 1
    • 3 beds 3 baths ∙ 1,258 Sqft ∙ Built 1964 3 beds 3 baths ∙ 1,258 Sqft ∙ Built 1964
    LEASED 12/29/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $1.99
    •  
  • 1345 N Ferndale Street Anaheim, CA 2
    • 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
    •  
  • 1520 W Olive Avenue Fullerton, CA 4
    • 3 beds 2 baths ∙ 1,453 Sqft ∙ Built 1954 3 beds 2 baths ∙ 1,453 Sqft ∙ Built 1954
    LEASED 03/05/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,900
    • $2.00
    •  
  • 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
Kimberly Mosley
Keller Williams Rlty Riverside
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: PW21009696
Last Updated: 01/15/2021
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