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1759 E Sandalwood Avenue Anaheim, CA 92805

4 Beds 3 Baths 2,445 sqft Built 1977

$850,000

List Price

$3,480

$3.2K - $3.7K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
February 23, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1977
  • Price/Sqft : $347.65
  • 7 Days on Market
  • MLS # : PW21036837
  • Updated Date : 02/25/2021 at 12:56
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,445 sqft
  • Baths : 3 full
Listing Agent

First Team Real Estate

Listing Agent's Description

Welcome to Sandalwood Avenue in Anaheim, just minutes from "The Happiest Place on Earth”, this beautiful two story home is perfectly situated in a lovely neighborhood.  Front yard is gated, providing safety for children and pets.  The home features one bedroom, bath and laundry room on the main floor, vaulted ceilings, a spacious living room with a cozy fireplace and a family room with a bar leading to the backyard. The kitchen has solid honey oak wood cabinetry, granite countertops and a breakfast nook, as well as a formal dining room for those special occasions.  This home is an entertainer’s delight.  The master suite features an extra wide doorway, walk-in closets and access to the balcony presenting beautiful views of the neighborhood.  Upgrades include vinyl windows with colonial grids and low E3 glass, newly painted interior, new flooring, granite countertops, and three patio doors … two leading to the backyard and one to the balcony.  Anaheim is a resort destination you can call home.

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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
Sycamore Junior High School Middle Regular 1,408 62 1
Anaheim High School High Regular 3,206 130 4
Sycamore Junior High School Middle Unknown NA

Sycamore Junior High School

  • Education Level: Middle
  • # of students: 1,408
  • # of teachers: 62
1
GreatSchools Rating

Anaheim High School

  • Education Level: High
  • # of students: 3,206
  • # of teachers: 130
4
GreatSchools Rating

Sycamore Junior High School

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

$765,000$935,000$850,000

PURCHASE PRICE

$3,132$3,828$3,480

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,480
EXPENSES Loan Payment -$2,952
Property Tax -$874
Property Insurance -$86
Property Management Fees -$171
CASH FLOW
-$603

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.

$850,000

PROJECTED PRICE

$3,480

PROJECTED RENT

0.41%

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$2.5M

PROJECTED ANNUAL CASH FLOW

11530-$10k-$5.0k$0.0$5.0k$10k$15k$20k$25k

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$231,000

INVESTMENT

$231,000

Down Payment
$212,500
Rehab Estimate
$5,750
Closing Costs
$12,750

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,952

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $212,500
Loan Amount $637,500
See What Happens When You Reinvest Cash Flow

2.5

YEARS SAVED

$16,825

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,480

    LIST RENT
  • $1.42

    LIST RENT PER SQFT
  • $3,582

    COMP ESTIMATED VALUE
  • $1.46

    COMP AVG. RENT PER SQFT
Comps Range
$3,200
1$3,2002$3,3003$3,4804$3,8005$3,925
$3,925
RENT COMPS ANALYSIS
  • 1759 E Sandalwood Avenue Anaheim, CA 3
    • 4 beds 3 baths ∙ 2,445 Sqft ∙ Built 1977 4 beds 3 baths ∙ 2,445 Sqft ∙ Built 1977
    • Rent
    • Rent Per SQFT
    •  
    • $3,480
    • $1.42
    •  
  • 121 S Plantation Place Anaheim, CA 1
    • 4 beds 3 baths ∙ 2,188 Sqft ∙ Built 1969 4 beds 3 baths ∙ 2,188 Sqft ∙ Built 1969
    LEASED 05/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,200
    • $1.46
    •  
  • 184 S Alice Way Anaheim, CA 2
    • 4 beds 2 baths ∙ 2,350 Sqft ∙ Built 1969 4 beds 2 baths ∙ 2,350 Sqft ∙ Built 1969
    LEASED 02/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,300
    • $1.40
    •  
  • 1737 E Sandalwood Avenue Anaheim, CA 4
    • 4 beds 3 baths ∙ 2,445 Sqft ∙ Built 1977 4 beds 3 baths ∙ 2,445 Sqft ∙ Built 1977
    LEASED 07/06/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,800
    • $1.55
    •  
  • 863 S Jasper Circle Anaheim, CA 5
    • 5 beds 4 baths ∙ 2,700 Sqft ∙ Built 1971 5 beds 4 baths ∙ 2,700 Sqft ∙ Built 1971
    LEASED 07/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,925
    • $1.45
    •  
PROPERTY LISTING DETAILS
Teresa Knoll
First Team Real Estate
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: PW21036837
Last Updated: 02/25/2021
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