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1527 W Alexis Avenue Anaheim, CA 92802

3 Beds 2 Baths 1,742 sqft Built 1976

$775,000

List Price

$3,030

$2.8K - $3.3K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 20, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1976
  • Price/Sqft : $444.89
  • 3 Days on Market
  • MLS # : RS21058353
  • Updated Date : 03/20/2021 at 17:18
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,742 sqft
  • Baths : 1 full , 1 half
Listing Agent

Re/max College Park Realty

Listing Agent's Description

Pride of Ownership! Lots of Upgrades! New Dual Pane Windows Throughout Including Sliding Doors. Freshly Painted Interior and Exterior in Trendy Neutral Tones. Ceiling Smooth Finished - No Acoustic. New Laminate Floor and Carpet. Double Door Entry. Spacious Living Room with Cathedral Ceiling and Sliding Doors. Formal Dining Room with New Chandelier. Upgraded Kitchen with Granite Countertops, Recessed Lighting. Bright and Airy Family Room with Fireplace, Recessed Lighting and Sliding Doors Leading to the Backyard. Master Bedroom with Double Entry Doors, Cozy Fireplace, Mirrored Closet Doors. Other Bedrooms are All Good Sized. All Bathrooms Beautifully Upgraded with New Vanity, Quartz Countertop, Light Fixtures, Mirror, Faucets, Commode and Floor. Private Backyard Perfect for Entertaining. 2 Car Attached Garage with Direct Access, Roll-up Door & Auto Opener. South Facing. Highly Acclaimed Oxford Academy (7-12 Grades) Admittance Thru Entrance Exam. Minutes to Shopping, Restaurants, Parks and Schools. Must See to Appreciate! Won't Last!!!

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
Ball Junior High School Middle Regular 1,043 40 2
Loara High School High Regular 2,377 88 4
Ball Junior High School Middle Unknown NA

Ball Junior High School

  • Education Level: Middle
  • # of students: 1,043
  • # of teachers: 40
2
GreatSchools Rating

Loara High School

  • Education Level: High
  • # of students: 2,377
  • # of teachers: 88
4
GreatSchools Rating

Ball Junior High School

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

$697,500$852,500$775,000

PURCHASE PRICE

$2,727$3,333$3,030

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,030
EXPENSES Loan Payment -$2,692
Property Tax -$797
Property Insurance -$69
Property Management Fees -$148
CASH FLOW
-$676

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.

$775,000

PROJECTED PRICE

$3,030

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-$15k-$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$211,125

INVESTMENT

$211,125

Down Payment
$193,750
Rehab Estimate
$5,750
Closing Costs
$11,625

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,692

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $193,750
Loan Amount $581,250
See What Happens When You Reinvest Cash Flow

1.83

YEARS SAVED

$9,120

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,030

    LIST RENT
  • $1.74

    LIST RENT PER SQFT
  • $3,288

    COMP ESTIMATED VALUE
  • $1.89

    COMP AVG. RENT PER SQFT
Comps Range
$2,900
1$2,9002$2,9003$2,9954$2,9985$3,030
$3,030
RENT COMPS ANALYSIS
  • 1527 W Alexis Avenue Anaheim, CA 5
    • 3 beds 2 baths ∙ 1,742 Sqft ∙ Built 1976 3 beds 2 baths ∙ 1,742 Sqft ∙ Built 1976
    • Rent
    • Rent Per SQFT
    •  
    • $3,030
    • $1.74
    •  
  • 1604 W Palais Road Anaheim, CA 1
    • 3 beds 2 baths ∙ 1,457 Sqft ∙ Built 1961 3 beds 2 baths ∙ 1,457 Sqft ∙ Built 1961
    LEASED 02/20/21
    • Rent
    • Rent Per SQFT
    •  
    • $2,900
    • $1.99
    •  
  • 725 S Hacienda Street Anaheim, CA 2
    • 4 beds 3 baths ∙ 1,579 Sqft ∙ Built 1964 4 beds 3 baths ∙ 1,579 Sqft ∙ Built 1964
    LEASED 07/04/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,900
    • $1.84
    •  
  • 1508 W Tedmar Avenue Anaheim, CA 3
    • 3 beds 3 baths ∙ 1,742 Sqft ∙ Built 1977 3 beds 3 baths ∙ 1,742 Sqft ∙ Built 1977
    LEASED 10/08/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,995
    • $1.72
    •  
  • 519 S Agate Street Anaheim, CA 4
    • 3 beds 2 baths ∙ 1,502 Sqft ∙ Built 1960 3 beds 2 baths ∙ 1,502 Sqft ∙ Built 1960
    LEASED 12/12/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,998
    • $2.00
    •  
PROPERTY LISTING DETAILS
Ming Chien
Re/max College Park Realty
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: RS21058353
Last Updated: 03/20/2021
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