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1920 Lullaby Lane W 
Anaheim, CA
92804
3 Beds 2 Baths 1,218 sqft
Built 1958
INVESTimate
$613,200
List Price
$168,248
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PROPERTY INFO
FACTS
- Built In 1958
- Price/Sqft : $503.45
- 3 Days on Market
- MLS # : OC20161645
- Updated Date : 08/24/2020 at 17:52
CONSTRUCTION
- Beds : 3
- Floor Size : 1,218 sqft
- Baths : 1 full , 1 half
Listing Agent
Realty One Group West
Listing Agent's Description
Location, Location, Location! This is a great home with so much potential and opportunity, perfect for the first time buyer or investor. This home is located on a large corner lot, it has 3 bedrooms and 1.5 baths with a kitchen and a living room with a fireplace. There are lots of windows allowing the natural light to come in. There is a large backyard with a patio, concrete walls, and there is a large driveway that leads to the garage. This home will be Sold As IS, this home does need some work and is priced accordingly. This home is close to Disneyland, restaurants, schools, and freeways. This home will not last!
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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 area contributes to 55.3% of California state economy i.e. Gross State Product (USMayors.org, 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)
- As part of Southern California area, Orange County market inherits all the benefits from the area.
- 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)
PRICE & RENT TRENDS
Neighborhood: West Anaheim
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: West Anaheim
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
PROJECTED ACCUMULATED WEALTH
30 YEAR PROJECTION
- Cash Flow
- Appreciation
- Principal
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $2,450 |
| EXPENSES | Loan Payment | -$2,262 |
| Property Tax | -$630 | |
| Property Insurance | -$57 | |
| Property Management Fees | -$120 | |
|
CASH FLOW
-$619
|
||
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.
$613,200
PROJECTED PRICE
$2,450
PROJECTED RENT
0.40%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 4.42% |
| Appreciation Year (1-5) | 6.91% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 4.35% |
| Length of Stay Years | 2 |
TOTAL CASH OUT OF POCKET
INVESTMENT
$168,248
LOAN DETAILS
$2,262
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $153,300 |
| Loan Amount | $459,900 |
1.58
YEARS SAVED
$6,439
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$2,450
LIST RENT -
$2.01
LIST RENT PER SQFT
-
$2,466
COMP ESTIMATED VALUE -
$2.03
COMP AVG. RENT PER SQFT
Comps Range
-
1920 Lullaby Lane W Anaheim, 2
- 3 beds 2 baths ∙ 1,218 Sqft ∙ Built 1958 3 beds 2 baths ∙ 1,218 Sqft ∙ Built 1958
- Rent
- Rent Per SQFT
- $2,450
- $2.01
-
1250 S Brookhurst Street Anaheim, 1
- 3 beds 2 baths ∙ 1,172 Sqft ∙ Built 1971 3 beds 2 baths ∙ 1,172 Sqft ∙ Built 1971
LEASED 05/05/20- Rent
- Rent Per SQFT
- $2,300
- $1.96
-
1743 W Niobe Avenue Anaheim, 3
- 4 beds 2 baths ∙ 1,240 Sqft ∙ Built 1958 4 beds 2 baths ∙ 1,240 Sqft ∙ Built 1958
LEASED 02/23/20- Rent
- Rent Per SQFT
- $2,500
- $2.02
-
1743 S Dallas Drive Anaheim, 4
- 3 beds 2 baths ∙ 1,329 Sqft ∙ Built 1955 3 beds 2 baths ∙ 1,329 Sqft ∙ Built 1955
LEASED 09/28/19- Rent
- Rent Per SQFT
- $2,650
- $1.99
-
9971 Joyzelle Drive Garden Grove, 5
- 3 beds 2 baths ∙ 1,292 Sqft ∙ Built 1955 3 beds 2 baths ∙ 1,292 Sqft ∙ Built 1955
LEASED 06/28/20- Rent
- Rent Per SQFT
- $2,750
- $2.13
PROPERTY LISTING DETAILS
Realty One Group West
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
MLS #: OC20161645
Last Updated: 08/24/2020
