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1448 Avenida De Vaca Placentia, CA 92870

3 Beds 2 Baths 1,407 sqft Built 1971

$599,000

List Price

$2,530

$2.3K - $2.8K

Rent Est.

PROPERTY INFO

January 02, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1971
  • Price/Sqft : $425.73
  • 3 Days on Market
  • MLS # : PW20263711
  • Updated Date : 01/02/2021 at 11:24
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,407 sqft
  • Baths : 1 full , 1 half
Listing Agent

First Team Real Estate

Listing Agent's Description

This wonderful home has been completely remodeled with new kitchen, bathrooms, carpet, paint, AC/heat, windows, new pex plumbing throughout, and new patio space out back! The downstairs is an open floorplan with grey laminate flooring throughout, and the beautiful kitchen with white shake cabinets and granite counters overlooks the spacious eating area. The living room flows from the dining room with plenty of room for a huge sectional and more. There is a downstairs bathroom and huge hall closet and custom light fixtures top it off. Up the stairs you’ll find a spacious master bedroom with lots of closet space, new ceiling fan and even room for workout equipment. The attached bathroom has a huge, beautiful walk in shower, new vanity and flooring. The hall bath is also remodeled and has an oversized cast iron tub. The two other large bedrooms have new carpet, windows, blinds, ceiling and plenty of closet space. The patio that connects the home to the garage has been upgraded with interlocking pavers and an alumawood patio cover with lighting and ceiling fan. The two car garage is big enough to hold two cars and has a laundry area with a work bench. Out the front door is a large grass area and sidewalks for playing and walking. This unit is also steps from the pool and spa area, and the club house, and extra parking for your guests!

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • 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)

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
Wagner Elementary School Primary Regular 470 19 9
Wagner Elementary School Middle Regular 470 19 9
El Dorado High School High Regular 1,904 73 8

Wagner Elementary School

  • Education Level: Primary
  • # of students: 470
  • # of teachers: 19
9
GreatSchools Rating

Wagner Elementary School

  • Education Level: Middle
  • # of students: 470
  • # of teachers: 19
9
GreatSchools Rating

El Dorado High School

  • Education Level: High
  • # of students: 1,904
  • # of teachers: 73
8
GreatSchools Rating
 

$539,100$658,900$599,000

PURCHASE PRICE

$2,277$2,783$2,530

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,530
EXPENSES Loan Payment -$2,210
Property Tax -$630
Property Insurance -$61
HOA -$310
Property Management Fees -$124
CASH FLOW
-$805

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.

$599,000

PROJECTED PRICE

$2,530

PROJECTED RENT

0.42%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.24%
Appreciation Year (1-5) 5.5%
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$200k$400k$600k$800k$1.0M$1.2M$1.4M$1.6M

PROJECTED ANNUAL CASH FLOW

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

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$164,485

INVESTMENT

$164,485

Down Payment
$149,750
Rehab Estimate
$5,750
Closing Costs
$8,985

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 70% down payment or higher enables the proceeds from the asset to cover all costs.

$2,210

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $149,750
Loan Amount $449,250
See What Happens When You Reinvest Cash Flow

0.25

YEARS SAVED

$314

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,530

    LIST RENT
  • $1.8

    LIST RENT PER SQFT
  • $2,543

    COMP ESTIMATED VALUE
  • $1.81

    COMP AVG. RENT PER SQFT
Comps Range
$2,530
1$2,5302$2,6003$2,7504$2,7955$3,150
$3,150
RENT COMPS ANALYSIS
  • 1448 Avenida De Vaca Placentia, CA 1
    • 3 beds 2 baths ∙ 1,407 Sqft ∙ Built 1971 3 beds 2 baths ∙ 1,407 Sqft ∙ Built 1971
    • Rent
    • Rent Per SQFT
    •  
    • $2,530
    • $1.80
    •  
  • 1137 Moro Circle Placentia, CA 2
    • 3 beds 2 baths ∙ 1,482 Sqft ∙ Built 1973 3 beds 2 baths ∙ 1,482 Sqft ∙ Built 1973
    LEASED 07/20/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,600
    • $1.75
    •  
  • 1132 Athens Avenue Placentia, CA 3
    • 3 beds 1 baths ∙ 1,500 Sqft ∙ Built 1971 3 beds 1 baths ∙ 1,500 Sqft ∙ Built 1971
    LEASED 02/18/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,750
    • $1.83
    •  
  • 3134 E Palm Drive Fullerton, CA 4
    • 3 beds 3 baths ∙ 1,508 Sqft ∙ Built 1976 3 beds 3 baths ∙ 1,508 Sqft ∙ Built 1976
    LEASED 08/11/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,795
    • $1.85
    •  
  • 1941 Harte Way Placentia, CA 5
    • 4 beds 1 baths ∙ 1,752 Sqft ∙ Built 1969 4 beds 1 baths ∙ 1,752 Sqft ∙ Built 1969
    LEASED 05/18/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,150
    • $1.80
    •  
PROPERTY LISTING DETAILS
Elizabeth Oliverio
First Team Real Estate
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: PW20263711
Last Updated: 01/02/2021
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