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1906 S Van Ness Avenue Santa Ana, CA 92707

4 Beds 2 Baths 1,417 sqft Built 1923

$699,888

List Price

$3,150

$2.9K - $3.4K

Rent Est.

PROPERTY INFO

January 20, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1923
  • Price/Sqft : $493.92
  • 6 Days on Market
  • MLS # : PW21012336
  • Updated Date : 01/19/2021 at 18:56
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,417 sqft
  • Baths : 2 full
Listing Agent

All In One Real Estate

Listing Agent's Description

Welcome to a home that has it all a breathtaking curb appeal , the perfect location a spacious layout and a five car driveway plus a 2 car garage its a absolute gem sitting in the heart of Santa Ana what more can you ask for . This beautiful 4 bed 2 1/4 bath is 2 miles away from South Coast Plaza , close to schools , shopping centers , parks and freeways you have the perfect location while still living in a beautiful and calm neighborhood . New floors , new windows , new kitchen new everything . This home has 4 spacious bedrooms with a huge laundry room along with 2 1/4 baths with beautiful title in each bathroom along with a huge front and backyard .

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: Bristol Manor

NeighborhoodNIR Market*CityMarket2010Year20002019200k250k300k350k400k450k500k550k600k650k700kPrice in $179k742k

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

Neighborhood: Bristol Manor

NeighborhoodNIR Market*CityMarket2010Year2000 Q22019 Q2160018002000220024002600280030003200Rent in $14043345

* 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
Manuel Esqueda Elementary School Primary Regular 1,270 43 2
Gerald P. Carr Intermediate School Middle Regular 1,557 63 1
Saddleback High School High Regular 1,690 78 5

Manuel Esqueda Elementary School

  • Education Level: Primary
  • # of students: 1,270
  • # of teachers: 43
2
GreatSchools Rating

Gerald P. Carr Intermediate School

  • Education Level: Middle
  • # of students: 1,557
  • # of teachers: 63
1
GreatSchools Rating

Saddleback High School

  • Education Level: High
  • # of students: 1,690
  • # of teachers: 78
5
GreatSchools Rating
 

$629,899$769,877$699,888

PURCHASE PRICE

$2,835$3,465$3,150

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,150
EXPENSES Loan Payment -$2,431
Property Tax -$723
Property Insurance -$61
Property Management Fees -$154
CASH FLOW
-$220

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.

$699,888

PROJECTED PRICE

$3,150

PROJECTED RENT

0.45%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.42%
Appreciation Year (1-5) 8.5%
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-$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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$191,220

INVESTMENT

$191,220

Down Payment
$174,972
Rehab Estimate
$5,750
Closing Costs
$10,498

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 50% down payment or higher enables the proceeds from the asset to cover all costs.

$2,431

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $174,972
Loan Amount $524,916
See What Happens When You Reinvest Cash Flow

4.67

YEARS SAVED

$34,094

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,150

    LIST RENT
  • $2.22

    LIST RENT PER SQFT
  • $2,983

    COMP ESTIMATED VALUE
  • $2.11

    COMP AVG. RENT PER SQFT
Comps Range
$2,495
1$2,4952$3,0753$3,150
$3,150
RENT COMPS ANALYSIS
  • 1906 S Van Ness Avenue Santa Ana, CA 3
    • 4 beds 2 baths ∙ 1,417 Sqft ∙ Built 1923 4 beds 2 baths ∙ 1,417 Sqft ∙ Built 1923
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $3,150
    • $2.22
    •  
  • 335 Beverly Place Santa Ana, CA 1
    • 3 beds 2 baths ∙ 1,300 Sqft ∙ Built 1924 3 beds 2 baths ∙ 1,300 Sqft ∙ Built 1924
    property image
    LEASED 12/21/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,495
    • $1.92
    •  
  • 621 E Myrtle Street Santa Ana, CA 2
    • 4 beds 1 baths ∙ 1,341 Sqft ∙ Built 1922 4 beds 1 baths ∙ 1,341 Sqft ∙ Built 1922
    property image
    LEASED 02/07/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,075
    • $2.29
    •  
PROPERTY LISTING DETAILS
Maria Ortega Chavis
All In One Real Estate
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: PW21012336
Last Updated: 01/19/2021
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