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148 S Paradise Lane Anaheim, CA 92806

3 Beds 1 Baths 1,456 sqft Built 1955

$719,000

List Price

$2,890

$2.6K - $3.1K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
July 12, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1955
  • Price/Sqft : $493.82
  • 5 Days on Market
  • MLS # : PW21150090
  • Updated Date : 07/10/2021 at 05:34
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,456 sqft
  • Baths : 1 full
Listing Agent

Paul Kott Realtors, Inc.

Listing Agent's Description

Welcome to Paradise, 148 S Paradise Lane! This single family POOL home is situated on a corner lot and features 3 bedrooms, 1.75 baths. Cook your favorite recipes in the kitchen that features gas cooktop, dishwasher, refrigerator and a classic O'keefe & Merritt oven. Dining room has hardwood floors. Step down into the living room that features a two-sided fireplace and leads you to an enclosed patio. 3 generous sized bedrooms have original hardwood flooring and windows that provide lots of natural light. A must see!

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • 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]

PRICE & RENT TRENDS

Neighborhood: East Anaheim

NeighborhoodNIR Market*CityMarket2010Year20002019250k300k350k400k450k500k550k600k650k700kPrice in $212k742k

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

Neighborhood: East Anaheim

NeighborhoodNIR Market*CityMarket2010Year2000 Q22019 Q2160018002000220024002600280030003200Rent in $15943345

* 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
South Junior High School Middle Regular 1,558 67 2
Katella High School High Regular 2,692 92 4
Sycamore Junior High School Middle Unknown NA

South Junior High School

  • Education Level: Middle
  • # of students: 1,558
  • # of teachers: 67
2
GreatSchools Rating

Katella High School

  • Education Level: High
  • # of students: 2,692
  • # of teachers: 92
4
GreatSchools Rating

Sycamore Junior High School

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

$647,100$790,900$719,000

PURCHASE PRICE

$2,601$3,179$2,890

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,890
EXPENSES Loan Payment -$2,497
Property Tax -$739
Property Insurance -$62
Property Management Fees -$142
CASH FLOW
-$550

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.

$719,000

PROJECTED PRICE

$2,890

PROJECTED RENT

0.40%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.42%
Appreciation Year (1-5) 7.1%
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$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$196,285

INVESTMENT

$196,285

Down Payment
$179,750
Rehab Estimate
$5,750
Closing Costs
$10,785

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,497

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $179,750
Loan Amount $539,250
See What Happens When You Reinvest Cash Flow

2.33

YEARS SAVED

$12,132

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,890

    LIST RENT
  • $1.98

    LIST RENT PER SQFT
  • $2,927

    COMP ESTIMATED VALUE
  • $2.01

    COMP AVG. RENT PER SQFT
Comps Range
$2,890
1$2,8902$2,9803$3,0004$3,1005$3,300
$3,300
RENT COMPS ANALYSIS
  • 148 S Paradise Lane Anaheim, CA 1
    • 3 beds 1 baths ∙ 1,456 Sqft ∙ Built 1955 3 beds 1 baths ∙ 1,456 Sqft ∙ Built 1955
    • Rent
    • Rent Per SQFT
    •  
    • $2,890
    • $1.98
    •  
  • 208 S Ash Street Anaheim, CA 2
    • 3 beds 1 baths ∙ 1,430 Sqft ∙ Built 1950 3 beds 1 baths ∙ 1,430 Sqft ∙ Built 1950
    LEASED 06/01/21
    • Rent
    • Rent Per SQFT
    •  
    • $2,980
    • $2.08
    •  
  • 879 S Wayside Street Anaheim, CA 3
    • 4 beds 1 baths ∙ 1,639 Sqft ∙ Built 1959 4 beds 1 baths ∙ 1,639 Sqft ∙ Built 1959
    LEASED 11/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,000
    • $1.83
    •  
  • 857 S Wayside Street Anaheim, CA 4
    • 4 beds 2 baths ∙ 1,500 Sqft ∙ Built 1959 4 beds 2 baths ∙ 1,500 Sqft ∙ Built 1959
    LEASED 08/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,100
    • $2.07
    •  
  • 2837 E Dutch Avenue Anaheim, CA 5
    • 3 beds 3 baths ∙ 1,603 Sqft ∙ Built 1971 3 beds 3 baths ∙ 1,603 Sqft ∙ Built 1971
    LEASED 02/25/21
    • Rent
    • Rent Per SQFT
    •  
    • $3,300
    • $2.06
    •  
PROPERTY LISTING DETAILS
Paul Kott
Paul Kott Realtors, Inc.
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: PW21150090
Last Updated: 07/10/2021
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