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1931 W Lullaby Lane Anaheim, CA 92804

4 Beds 3 Baths 1,825 sqft Built 1958

$749,888

List Price

$2,990

$2.7K - $3.2K

Rent Est.

PROPERTY INFO

FACTS
  • Built In 1958
  • Price/Sqft : $410.90
  • 9 Days on Market
  • MLS # : PW20225910
  • Updated Date : 10/31/2020 at 10:30
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,825 sqft
  • Baths : 2 full , 1 half
Listing Agent

Keller Williams Pacific Estate

Listing Agent's Description

Amazing opportunity for a single story 4 bed/2.5 bath with a huge bonus room. This home features an updated kitchen with newer cabinets, granite counter tops, granite counters with updated vanities in the hall bath and powder room; master bedroom is off of the 3rd guestroom which could be used as a bedroom or a master retreat/office; bonus room with breakfast/buffet bar, and vaulted ceilings; and front living room with tons of natural light and a custom fireplace; central heating system; great rear patio for entertaining; close to shopping and dining and convenient to freeways.

SEE MORE

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
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
 

$674,899$824,877$749,888

PURCHASE PRICE

$2,691$3,289$2,990

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,990
EXPENSES Loan Payment -$2,767
Property Tax -$771
Property Insurance -$71
Property Management Fees -$147
CASH FLOW
-$765

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.

$749,888

PROJECTED PRICE

$2,990

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-$15k-$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$204,470

INVESTMENT

$204,470

Down Payment
$187,472
Rehab Estimate
$5,750
Closing Costs
$11,248

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,767

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $187,472
Loan Amount $562,416
See What Happens When You Reinvest Cash Flow

1.5

YEARS SAVED

$7,639

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,990

    LIST RENT
  • $1.64

    LIST RENT PER SQFT
  • $3,267

    COMP ESTIMATED VALUE
  • $1.79

    COMP AVG. RENT PER SQFT
Comps Range
$2,990
1$2,9902$3,1003$3,3004$3,4005$3,450
$3,450
RENT COMPS ANALYSIS
  • 1931 W Lullaby Lane Anaheim, CA 1
    • 4 beds 3 baths ∙ 1,825 Sqft ∙ Built 1958 4 beds 3 baths ∙ 1,825 Sqft ∙ Built 1958
    • Rent
    • Rent Per SQFT
    •  
    • $2,990
    • $1.64
    •  
  • 9871 Harriet Lane Anaheim, CA 2
    • 4 beds 2 baths ∙ 1,660 Sqft ∙ Built 1954 4 beds 2 baths ∙ 1,660 Sqft ∙ Built 1954
    LEASED 12/24/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,100
    • $1.87
    •  
  • 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
    •  
  • 1580 W Chanticleer Road Anaheim, CA 4
    • 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
    •  
  • 10371 Parliament Avenue Garden Grove, CA 5
    • 3 beds 3 baths ∙ 1,889 Sqft ∙ Built 1956 3 beds 3 baths ∙ 1,889 Sqft ∙ Built 1956
    LEASED 08/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,450
    • $1.83
    •  
PROPERTY LISTING DETAILS
Kelly Costello
Keller Williams Pacific Estate
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: PW20225910
Last Updated: 10/31/2020
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