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1876 W Chalet Avenue Anaheim, CA 92804

4 Beds 2 Baths 1,790 sqft Built 1957

$749,000

List Price

$3,020

$2.8K - $3.3K

Rent Est.

PROPERTY INFO

January 23, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1957
  • Price/Sqft : $418.44
  • 5 Days on Market
  • MLS # : PW21008123
  • Updated Date : 01/21/2021 at 18:04
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,790 sqft
  • Baths : 2 full
Listing Agent

Seven Gables Real Estate

Listing Agent's Description

Located in a quiet neighborhood close to Disneyland, popular shopping, dining and attractions, this beautifully maintained single-story home features 4 Bedrooms and 2 updated Baths within 1,790 sq. ft. of living space on nearly a quarter acre flat lot. With a welcoming curbside approach and living areas that open to a pool and grassy backyard, this home is ideal for both entertaining and indoor and outdoor living. Upon entering, the living room is warmed by a cozy fireplace. The bright kitchen opens to a comfortable family room with a fireplace and is perfect for creating lasting memories. The home also features a new HVAC system, electrical panel plus a fully paid solar for energy efficiency. The backyard is an ideal space for al fresco living! Enjoy a sparkling pool, covered patio, a shaded grass lawn with mature landscaping and fruit trees, perfect for entertaining, kid’s play, pets and gardening. An indoor laundry room and a 2-car attached garage add to the home’s appeal. Welcome yourself home to 1876 W. Chalet!

SEE MORE

MARKET HIGHLIGHTS

  • 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.
  • Southern California area contributes to 55.3% of California state economy i.e. Gross State Product (USMayors.org, 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
James Madison Elementary School Primary Regular 660 22 3
James Madison Elementary School Middle Regular 660 22 3
Loara High School High Regular 2,377 88 4

James Madison Elementary School

  • Education Level: Primary
  • # of students: 660
  • # of teachers: 22
3
GreatSchools Rating

James Madison Elementary School

  • Education Level: Middle
  • # of students: 660
  • # of teachers: 22
3
GreatSchools Rating

Loara High School

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

$674,100$823,900$749,000

PURCHASE PRICE

$2,718$3,322$3,020

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,020
EXPENSES Loan Payment -$2,602
Property Tax -$771
Property Insurance -$70
Property Management Fees -$148
CASH FLOW
-$571

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.

$749,000

PROJECTED PRICE

$3,020

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

PROJECTED ANNUAL CASH FLOW

11530-$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$204,235

INVESTMENT

$204,235

Down Payment
$187,250
Rehab Estimate
$5,750
Closing Costs
$11,235

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,602

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $187,250
Loan Amount $561,750
See What Happens When You Reinvest Cash Flow

2.33

YEARS SAVED

$12,777

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,020

    LIST RENT
  • $1.69

    LIST RENT PER SQFT
  • $3,079

    COMP ESTIMATED VALUE
  • $1.72

    COMP AVG. RENT PER SQFT
Comps Range
$2,900
1$2,9002$3,0203$3,1004$3,3005$3,400
$3,400
RENT COMPS ANALYSIS
  • 1876 W Chalet Avenue Anaheim, CA 2
    • 4 beds 2 baths ∙ 1,790 Sqft ∙ Built 1957 4 beds 2 baths ∙ 1,790 Sqft ∙ Built 1957
    • Rent
    • Rent Per SQFT
    •  
    • $3,020
    • $1.69
    •  
  • 725 S Hacienda Street Anaheim, CA 1
    • 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
    •  
  • 1957 W Sloop Avenue Anaheim, CA 3
    • 3 beds 2 baths ∙ 1,960 Sqft ∙ Built 1957 3 beds 2 baths ∙ 1,960 Sqft ∙ Built 1957
    LEASED 08/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,100
    • $1.58
    •  
  • 2128 W Chalet Avenue Anaheim, CA 4
    • 4 beds 2 baths ∙ 1,964 Sqft ∙ Built 1969 4 beds 2 baths ∙ 1,964 Sqft ∙ Built 1969
    LEASED 01/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,300
    • $1.68
    •  
  • 1580 W Chanticleer Road Anaheim, CA 5
    • 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
    •  
PROPERTY LISTING DETAILS
Dean O'dell
Seven Gables Real Estate
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: PW21008123
Last Updated: 01/21/2021
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