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1736 E Chelsea Drive Anaheim, CA 92805

3 Beds 2 Baths 1,218 sqft Built 1954

$629,900

List Price

$2,480

$2.2K - $2.7K

Rent Est.

PROPERTY INFO

November 12, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1954
  • Price/Sqft : $517.16
  • 4 Days on Market
  • MLS # : PW20238125
  • Updated Date : 11/12/2020 at 10:29
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,218 sqft
  • Baths : 2 full
Listing Agent

Realty Pro 100

Listing Agent's Description

Great East Anaheim home, shows like a model. Seller has improved the home exterior with new Hardie Plank Siding and new exterior paint. Owners have updated the home for your new buyers to enjoy it. New texture walls and ceilings finished with two tone paint. Kitchen cabinets show light and bright with plenty of natural light. New white quarts kitchen counters. New range and microwave oven, New water faucet, New kitchen sink. New garbage disposal two tone inside paint. Beautifully upgraded bathrooms, new tub, new toilets, new sinks and new valves. Extended Master Bathroom shower with beautiful new thick glass door. New laminate flooring and new baseboard throughout. New six panel doors. New light fixtures and new electrical outlets. Beautiful vinyl windows and sliding doors. New exterior motion lights installed. Extended Driveway, RV Ready, Central air and heat unit along with roof less than five years old. Great interior location, walk to shopping, schools and entertainment is just down the street, Angel stadium, Disneyland, Honda Center. Come and see this home and take advantage of the opportunity.

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • 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.

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
Theodore Roosevelt Elementary School Primary Regular 598 24 5
Theodore Roosevelt Elementary School Middle Regular 598 24 5
Katella High School High Regular 2,692 92 4

Theodore Roosevelt Elementary School

  • Education Level: Primary
  • # of students: 598
  • # of teachers: 24
5
GreatSchools Rating

Theodore Roosevelt Elementary School

  • Education Level: Middle
  • # of students: 598
  • # of teachers: 24
5
GreatSchools Rating

Katella High School

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

$566,910$692,890$629,900

PURCHASE PRICE

$2,232$2,728$2,480

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,480
EXPENSES Loan Payment -$2,324
Property Tax -$648
Property Insurance -$57
Property Management Fees -$122
CASH FLOW
-$670

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.

$629,900

PROJECTED PRICE

$2,480

PROJECTED RENT

0.39%

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$200k$400k$600k$800k$1.0M$1.2M$1.4M$1.6M$1.8M

PROJECTED ANNUAL CASH FLOW

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

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$1.8M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$172,674

INVESTMENT

$172,674

Down Payment
$157,475
Rehab Estimate
$5,750
Closing Costs
$9,449

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,324

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $157,475
Loan Amount $472,425
See What Happens When You Reinvest Cash Flow

1.42

YEARS SAVED

$5,440

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,480

    LIST RENT
  • $2.04

    LIST RENT PER SQFT
  • $2,503

    COMP ESTIMATED VALUE
  • $2.06

    COMP AVG. RENT PER SQFT
Comps Range
$2,400
1$2,4002$2,4803$2,8004$2,9005$2,995
$2,995
RENT COMPS ANALYSIS
  • 1736 E Chelsea Drive Anaheim, CA 2
    • 3 beds 2 baths ∙ 1,218 Sqft ∙ Built 1954 3 beds 2 baths ∙ 1,218 Sqft ∙ Built 1954
    • Rent
    • Rent Per SQFT
    •  
    • $2,480
    • $2.04
    •  
  • 1284 E California Anaheim, CA 1
    • 3 beds 2 baths ∙ 1,200 Sqft ∙ Built 1952 3 beds 2 baths ∙ 1,200 Sqft ∙ Built 1952
    LEASED 09/17/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,400
    • $2.00
    •  
  • 613 S Wayside Street Anaheim, CA 3
    • 4 beds 2 baths ∙ 1,400 Sqft ∙ Built 1960 4 beds 2 baths ∙ 1,400 Sqft ∙ Built 1960
    LEASED 01/21/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,800
    • $2.00
    •  
  • 1434 E Clifpark Way Anaheim, CA 4
    • 4 beds 2 baths ∙ 1,400 Sqft ∙ Built 1971 4 beds 2 baths ∙ 1,400 Sqft ∙ Built 1971
    LEASED 01/16/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,900
    • $2.07
    •  
  • 544 S Elder Street Anaheim, CA 5
    • 4 beds 2 baths ∙ 1,390 Sqft ∙ Built 1954 4 beds 2 baths ∙ 1,390 Sqft ∙ Built 1954
    LEASED 10/31/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,995
    • $2.15
    •  
PROPERTY LISTING DETAILS
Gilbert Perez
Realty Pro 100
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: PW20238125
Last Updated: 11/12/2020
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