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1536 W Laster Avenue Anaheim, CA 92802

4 Beds 3 Baths 1,853 sqft Built 1965

$825,000

List Price

$3,300

$3.1K - $3.6K

Rent Est.

PROPERTY INFO

January 01, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1965
  • Price/Sqft : $445.22
  • 6 Days on Market
  • MLS # : PW20261733
  • Updated Date : 01/01/2021 at 06:05
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,853 sqft
  • Baths : 3 full
Listing Agent

Re/max College Park Realty

Listing Agent's Description

This property is situated on a large cul-de-sac street. As you enter the house, you will greeted with a cozy living room to the right. Straight ahead is the family room with a beautiful Palos Verdes rock fireplace. Kitchen features recessed lighting, skylight, and garden window. Next to the kitchen is a separate laundry room with 1/2 bath attached with a door accessing the huge backyard, over 12,000 sq.ft. RV parking. Master bedroom has mirrored closed doors and the master bath has skylight. Backyard has fruit trees, dog run, potting shed, fire pit. Property is conveniently close to freeways and transportation. A few blocks away from Disneyland and all prime attractions.

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

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
Stoddard Elementary School Primary Regular 708 26 5
Stoddard Elementary School Middle Regular 708 26 5
Loara High School High Regular 2,377 88 4

Stoddard Elementary School

  • Education Level: Primary
  • # of students: 708
  • # of teachers: 26
5
GreatSchools Rating

Stoddard Elementary School

  • Education Level: Middle
  • # of students: 708
  • # of teachers: 26
5
GreatSchools Rating

Loara High School

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

$742,500$907,500$825,000

PURCHASE PRICE

$2,970$3,630$3,300

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,300
EXPENSES Loan Payment -$3,044
Property Tax -$860
Property Insurance -$72
Property Management Fees -$162
CASH FLOW
-$838

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.

$825,000

PROJECTED PRICE

$3,300

PROJECTED RENT

0.40%

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$2.5M

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$2.5M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$224,375

INVESTMENT

$224,375

Down Payment
$206,250
Rehab Estimate
$5,750
Closing Costs
$12,375

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$3,044

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $206,250
Loan Amount $618,750
See What Happens When You Reinvest Cash Flow

1.5

YEARS SAVED

$8,580

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,300

    LIST RENT
  • $1.78

    LIST RENT PER SQFT
  • $3,539

    COMP ESTIMATED VALUE
  • $1.91

    COMP AVG. RENT PER SQFT
Comps Range
$2,950
1$2,9502$3,2503$3,3004$3,4005$3,500
$3,500
RENT COMPS ANALYSIS
  • 1536 W Laster Avenue Anaheim, CA 3
    • 4 beds 3 baths ∙ 1,853 Sqft ∙ Built 1965 4 beds 3 baths ∙ 1,853 Sqft ∙ Built 1965
    • Rent
    • Rent Per SQFT
    •  
    • $3,300
    • $1.78
    •  
  • 1202 W Kimberly Place Anaheim, CA 1
    • 3 beds 2 baths ∙ 1,506 Sqft ∙ Built 1956 3 beds 2 baths ∙ 1,506 Sqft ∙ Built 1956
    LEASED 11/02/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,950
    • $1.96
    •  
  • 11181 Palma Vista Street Garden Grove, CA 2
    • 4 beds 3 baths ∙ 1,600 Sqft ∙ Built 1955 4 beds 3 baths ∙ 1,600 Sqft ∙ Built 1955
    LEASED 01/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,250
    • $2.03
    •  
  • 1580 W Chanticleer Road Anaheim, CA 4
    • 4 beds 3 baths ∙ 1,909 Sqft ∙ Built 1956 4 beds 3 baths ∙ 1,909 Sqft ∙ Built 1956
    LEASED 06/29/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,400
    • $1.78
    •  
  • 2014 S Eileen Drive Anaheim, CA 5
    • 3 beds 3 baths ∙ 1,867 Sqft ∙ Built 1958 3 beds 3 baths ∙ 1,867 Sqft ∙ Built 1958
    LEASED 07/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,500
    • $1.87
    •  
PROPERTY LISTING DETAILS
Mina Vu
Re/max College Park Realty
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: PW20261733
Last Updated: 01/01/2021
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