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1564 W Wakefield Avenue Anaheim, CA 92802

3 Beds 1 Baths 1,991 sqft Built 1958

$849,000

List Price

$3,180

$2.9K - $3.4K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
July 12, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1958
  • Price/Sqft : $426.42
  • 4 Days on Market
  • MLS # : PW21150536
  • Updated Date : 07/12/2021 at 12:10
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,991 sqft
  • Baths : 1 full
Listing Agent

First Team Real Estate

Listing Agent's Description

The crown jewel of Walnut Estates makes its debut after 30+ years. Welcome to 1564 W. Wakefield in Anaheim. As you drive up into your semi-circle driveway and park under your private porte cochere, enjoy the openness in this rustic elegance that makes the most of the space available, from the living room with vaulted ceilings and dual fireplace, spacious dining room or family room with sky light and bay windows, main level bedroom, upstairs featuring 2 spacious bedrooms with a jack-N-jill full bathroom with separate walk-in shower and soaking tub; rugged home filled with plenty of storage capacity; beautiful kitchen featuring bay window and offering a center top island featuring a cooktop and granite counters with bullnose edges; a garage fit for a modern Cowboy and a roomy backyard for entertaining and more. Spending time in this unpretentious home will be simple where you can be truly yourself. I believe city slicker Teddy Roosevelt would love this Shade of Ponderosa. He built one in Dakota. When walking through the dutch door from the bar, a splendid view is icing on the cake. It's a must see! The sit-a-spell pavillion beckons with a promise of hospitality. I guarantee it! Simply put, there is so much to see in this rugged and rustic custom built home, don't let this opportunity slip away. Many will be interested. In Anaheim near the Disneyland Resort District which borders Garden Grove, in the intimate tract of custom built homes of Walnut Estates, this home will not last long. Come see what all the fuss is about at Clark-Bell Estates. You'll be glad you did. Welcome Home to 1564 Wakefield, Anaheim!

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: Garden Grove

NeighborhoodNIR Market*CityMarket2010Year20002019250k300k350k400k450k500k550k600k650k700kPrice in $212k742k

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

Neighborhood: Garden Grove

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
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
 

$764,100$933,900$849,000

PURCHASE PRICE

$2,862$3,498$3,180

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,180
EXPENSES Loan Payment -$2,949
Property Tax -$849
Property Insurance -$75
Property Management Fees -$156
CASH FLOW
-$849

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.

$849,000

PROJECTED PRICE

$3,180

PROJECTED RENT

0.37%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.42%
Appreciation Year (1-5) 7.4%
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$230,735

INVESTMENT

$230,735

Down Payment
$212,250
Rehab Estimate
$5,750
Closing Costs
$12,735

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 65% down payment or higher enables the proceeds from the asset to cover all costs.

$2,949

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $212,250
Loan Amount $636,750
See What Happens When You Reinvest Cash Flow

1.42

YEARS SAVED

$6,080

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,180

    LIST RENT
  • $1.6

    LIST RENT PER SQFT
  • $3,499

    COMP ESTIMATED VALUE
  • $1.76

    COMP AVG. RENT PER SQFT
Comps Range
$2,950
1$2,9502$2,9503$3,1804$3,5005$3,500
$3,500
RENT COMPS ANALYSIS
  • 1564 W Wakefield Avenue Anaheim, CA 3
    • 3 beds 1 baths ∙ 1,991 Sqft ∙ Built 1958 3 beds 1 baths ∙ 1,991 Sqft ∙ Built 1958
    • Rent
    • Rent Per SQFT
    •  
    • $3,180
    • $1.60
    •  
  • 11462 Stanford Avenue Garden Grove, CA 1
    • 3 beds 0 baths ∙ 1,710 Sqft ∙ Built 1963 3 beds 0 baths ∙ 1,710 Sqft ∙ Built 1963
    LEASED 02/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,950
    • $1.73
    •  
  • 1839 S Margie Lane Anaheim, CA 2
    • 3 beds 2 baths ∙ 1,727 Sqft ∙ Built 1959 3 beds 2 baths ∙ 1,727 Sqft ∙ Built 1959
    LEASED 03/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,950
    • $1.71
    •  
  • 2014 S Eileen Drive Anaheim, CA 4
    • 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
    •  
  • 2081 S Lida Lane Anaheim, CA 5
    • 3 beds 2 baths ∙ 2,030 Sqft ∙ Built 1963 3 beds 2 baths ∙ 2,030 Sqft ∙ Built 1963
    LEASED 04/11/21
    • Rent
    • Rent Per SQFT
    •  
    • $3,500
    • $1.72
    •  
PROPERTY LISTING DETAILS
Andrew Fomai
First Team Real Estate
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: PW21150536
Last Updated: 07/12/2021
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