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1915 W Chateau Avenue Anaheim, CA 92804

4 Beds 3 Baths 1,936 sqft Built 1965

$745,000

List Price

$3,130

$2.9K - $3.4K

Rent Est.

PROPERTY INFO

February 14, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1965
  • Price/Sqft : $384.81
  • 2 Days on Market
  • MLS # : PW21030629
  • Updated Date : 02/13/2021 at 16:05
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,936 sqft
  • Baths : 2 full , 1 half
Listing Agent

T.n.g. Real Estate Consultants

Listing Agent's Description

Wow! Located in a Cul-de-sac, 1,936 sq. feet of living space! Spacious Bedrooms with Master Bedroom and Bathroom. The 4th bedroom was converted to a dining room prior to the Seller purchasing this home. The home has a spacious living room and family room as well. The kitchen is open to the family room. Corian Counters, Built in Stove Top, and lots of Cabinets with Stainless Steel Appliances. Newer Windows and Plantation Shutters on most windows. Full Laundry Room. There is a 1/2 bath (new toilet) off of the laundry area as well. Full Bathroom in the Hallway. Lots of natural light comes through all the windows. Nice Floorpan. Very Functional home for large gatherings. Fireplace in Living Room. Water Heater is brand new. the HVAC system is approximately 3-4 years old. Behind the home is a quiet park. The backyard is very nice, partial grass, a gazebo and nice walkway. The front has a great Courtyard as well as Great Curb Appeal.

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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: 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
Ball Junior High School Middle Regular 1,043 40 2
Magnolia High School High Regular 1,813 73 3
Ball Junior High School Middle Unknown NA

Ball Junior High School

  • Education Level: Middle
  • # of students: 1,043
  • # of teachers: 40
2
GreatSchools Rating

Magnolia High School

  • Education Level: High
  • # of students: 1,813
  • # of teachers: 73
3
GreatSchools Rating

Ball Junior High School

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

$670,500$819,500$745,000

PURCHASE PRICE

$2,817$3,443$3,130

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,130
EXPENSES Loan Payment -$2,588
Property Tax -$767
Property Insurance -$74
Property Management Fees -$153
CASH FLOW
-$452

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.

$745,000

PROJECTED PRICE

$3,130

PROJECTED RENT

0.42%

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$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$203,175

INVESTMENT

$203,175

Down Payment
$186,250
Rehab Estimate
$5,750
Closing Costs
$11,175

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 55% down payment or higher enables the proceeds from the asset to cover all costs.

$2,588

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $186,250
Loan Amount $558,750
See What Happens When You Reinvest Cash Flow

3.25

YEARS SAVED

$19,587

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,130

    LIST RENT
  • $1.62

    LIST RENT PER SQFT
  • $3,325

    COMP ESTIMATED VALUE
  • $1.72

    COMP AVG. RENT PER SQFT
Comps Range
$3,130
1$3,1302$3,2003$3,3004$3,3005$3,300
$3,300
RENT COMPS ANALYSIS
  • 1915 W Chateau Avenue Anaheim, CA 1
    • 4 beds 3 baths ∙ 1,936 Sqft ∙ Built 1965 4 beds 3 baths ∙ 1,936 Sqft ∙ Built 1965
    • Rent
    • Rent Per SQFT
    •  
    • $3,130
    • $1.62
    •  
  • 9552 Orange Avenue Anaheim, CA 2
    • 3 beds 3 baths ∙ 1,854 Sqft ∙ Built 1978 3 beds 3 baths ∙ 1,854 Sqft ∙ Built 1978
    LEASED 09/03/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,200
    • $1.73
    •  
  • 2128 W Chalet Avenue Anaheim, CA 3
    • 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
    •  
  • 1930 W Harle Avenue Anaheim, CA 4
    • 4 beds 2 baths ∙ 1,995 Sqft ∙ Built 1957 4 beds 2 baths ∙ 1,995 Sqft ∙ Built 1957
    LEASED 07/16/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,300
    • $1.65
    •  
  • 2323 W Ramm Anaheim, CA 5
    • 3 beds 3 baths ∙ 1,820 Sqft ∙ Built 1958 3 beds 3 baths ∙ 1,820 Sqft ∙ Built 1958
    LEASED 01/18/21
    • Rent
    • Rent Per SQFT
    •  
    • $3,300
    • $1.81
    •  
PROPERTY LISTING DETAILS
Gina Miranda
T.n.g. Real Estate Consultants
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: PW21030629
Last Updated: 02/13/2021
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