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1413 Garcia Place Placentia, CA 92870

4 Beds 3 Baths 2,271 sqft Built 1993

$830,000

List Price

$3,430

$3.2K - $3.7K

Rent Est.

PROPERTY INFO

January 22, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1993
  • Price/Sqft : $365.48
  • 3 Days on Market
  • MLS # : IV21011519
  • Updated Date : 01/22/2021 at 15:33
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,271 sqft
  • Baths : 2 full , 1 half
Listing Agent

Realty Masters & Assoc. Inc.

Listing Agent's Description

Stop looking, this is the one! This beautifully styled home in a highly desirable neighborhood of Placentia features curb appeal, a spacious upstairs master bedroom with soaking bathtub, separate shower, skylight offering natural bright light and double sink vanity. Mirrored walk in closet in master bath Welcoming entrance through the double front door entry. A large downstairs features high ceilings, formal living room with wood laminate flooring, formal dining room, separate eat-in kitchen space plus center island and an adjacent family room with cozy fireplace makes this the perfect layout for family gatherings. The kitchen opens to an outdoor covered patio with built in barbeque marble bar counter tops perfect for dining and entertaining. Over 2100 square feet of living space featuring 4 bedrooms and 2 and a half bath, durable tile roof, white shutter window coverings and blinds. This house has so much potential and just needs a little TLC to make your perfect home. Great school district and close to shopping centers.

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 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.
  • Southern California area contributes to 55.3% of California state economy i.e. Gross State Product (USMayors.org, 2018)

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
Van Buren Elementary School Primary Regular 689 24 7
Kraemer Middle School Middle Magnet 952 38 7
Valencia High School High Magnet 2,740 100 9

Van Buren Elementary School

  • Education Level: Primary
  • # of students: 689
  • # of teachers: 24
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
 

$747,000$913,000$830,000

PURCHASE PRICE

$3,087$3,773$3,430

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,430
EXPENSES Loan Payment -$2,883
Property Tax -$861
Property Insurance -$82
Property Management Fees -$168
CASH FLOW
-$564

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.

$830,000

PROJECTED PRICE

$3,430

PROJECTED RENT

0.41%

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$25k

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$225,700

INVESTMENT

$225,700

Down Payment
$207,500
Rehab Estimate
$5,750
Closing Costs
$12,450

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,883

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $207,500
Loan Amount $622,500
See What Happens When You Reinvest Cash Flow

2.42

YEARS SAVED

$14,752

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,430

    LIST RENT
  • $1.51

    LIST RENT PER SQFT
  • $3,418

    COMP ESTIMATED VALUE
  • $1.51

    COMP AVG. RENT PER SQFT
Comps Range
$3,400
1$3,4002$3,4303$3,5004$3,5005$3,800
$3,800
RENT COMPS ANALYSIS
  • 1413 Garcia Place Placentia, CA 2
    • 4 beds 3 baths ∙ 2,271 Sqft ∙ Built 1993 4 beds 3 baths ∙ 2,271 Sqft ∙ Built 1993
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $3,430
    • $1.51
    •  
  • 1919 Los Alamitos Drive Placentia, CA 1
    • 4 beds 3 baths ∙ 2,468 Sqft ∙ Built 1980 4 beds 3 baths ∙ 2,468 Sqft ∙ Built 1980
    property image
    LEASED 06/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,400
    • $1.38
    •  
  • 5545 Greenwich Circle Yorba Linda, CA 3
    • 3 beds 2 baths ∙ 2,257 Sqft ∙ Built 1983 3 beds 2 baths ∙ 2,257 Sqft ∙ Built 1983
    property image
    LEASED 12/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,500
    • $1.55
    •  
  • 914 Pebble Beach Place Placentia, CA 4
    • 4 beds 3 baths ∙ 2,321 Sqft ∙ Built 2000 4 beds 3 baths ∙ 2,321 Sqft ∙ Built 2000
    property image
    LEASED 09/29/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,500
    • $1.51
    •  
  • 17355 Summer Oak Place Yorba Linda, CA 5
    • 4 beds 3 baths ∙ 2,400 Sqft ∙ Built 1991 4 beds 3 baths ∙ 2,400 Sqft ∙ Built 1991
    property image
    LEASED 02/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,800
    • $1.58
    •  
PROPERTY LISTING DETAILS
Julie Ha
Realty Masters & Assoc. Inc.
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: IV21011519
Last Updated: 01/22/2021
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