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PROPERTY INFO
FACTS
- Single Family
- Built In 1955
- Price/Sqft : $392.78
- 8 Days on Market
- MLS # : OC20260744
- Updated Date : 12/23/2020 at 21:25
CONSTRUCTION
- Beds : 4
- Floor Size : 1,744 sqft
- Baths : 2 full
Listing Agent
Real Estate Legends
Listing Agent's Description
Welcome to 1940 Broadway where you’ll be greeted by stunning high beamed ceilings and a cozy fireplace in this 4 Bedroom, 2 Full Bath Anaheim beauty! Warm wood laminate floors throughout this home with soft neutral paint and beautiful plantation shutters in the main living space flow to a true open concept kitchen with a spacious eat-in area. Gleaming granite counters with stainless steel appliances make it complete. Both bathrooms have been beautifully updated with the highest attention to every detail! This home has been meticulously maintained and cared for by it’s owners, ready for it’s new owners! New grass in the front yard! And easy access is provided by the extra large circular driveway. Plenty of room for guests plus RV Parking! The back yard is an entertainer’s delight! Mature lush grass, a concrete area for your bbq, tables & chairs plus the coolest fire pit to cozy up around on these chilly So Cal evenings! Relax after a long day and enjoy your new space made extra private with a solid block wall. Please note ~ New roof in 2019, new elec sub panel in 2016 & RV Parking! Appliances are negotiable.
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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 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
* 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
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $3,000 |
| EXPENSES | Loan Payment | -$2,527 |
| Property Tax | -$705 | |
| Property Insurance | -$69 | |
| Property Management Fees | -$147 | |
|
CASH FLOW
-$448
|
||
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.
$685,000
PROJECTED PRICE
$3,000
PROJECTED RENT
0.44%
PROJECTED RENT / PRICE RATIO
| 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
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$187,275
LOAN DETAILS
$2,527
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $171,250 |
| Loan Amount | $513,750 |
3.25
YEARS SAVED
$21,656
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$3,000
LIST RENT -
$1.72
LIST RENT PER SQFT
-
$3,287
COMP ESTIMATED VALUE -
$1.88
COMP AVG. RENT PER SQFT
Comps Range
-
1940 W Broadway Anaheim, CA 4
- 4 beds 2 baths ∙ 1,744 Sqft ∙ Built 1955 4 beds 2 baths ∙ 1,744 Sqft ∙ Built 1955
![property image]()
- Rent
- Rent Per SQFT
- $3,000
- $1.72
-
206 S Topo Street Anaheim, CA 1
- 3 beds 1 baths ∙ 1,505 Sqft ∙ Built 1955 3 beds 1 baths ∙ 1,505 Sqft ∙ Built 1955
![property image]()
LEASED 11/02/20- Rent
- Rent Per SQFT
- $2,600
- $1.73
-
725 S Hacienda Street Anaheim, CA 2
- 4 beds 3 baths ∙ 1,579 Sqft ∙ Built 1964 4 beds 3 baths ∙ 1,579 Sqft ∙ Built 1964
![property image]()
LEASED 07/04/20- Rent
- Rent Per SQFT
- $2,900
- $1.84
-
519 S Agate Street Anaheim, CA 3
- 3 beds 2 baths ∙ 1,502 Sqft ∙ Built 1960 3 beds 2 baths ∙ 1,502 Sqft ∙ Built 1960
![property image]()
LEASED 12/12/19- Rent
- Rent Per SQFT
- $2,998
- $2.00
-
512 S Anthony Street Anaheim, CA 5
- 5 beds 4 baths ∙ 2,005 Sqft ∙ Built 1964 5 beds 4 baths ∙ 2,005 Sqft ∙ Built 1964
![property image]()
LEASED 03/21/20- Rent
- Rent Per SQFT
- $3,950
- $1.97
PROPERTY LISTING DETAILS
Real Estate Legends
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
MLS #: OC20260744
Last Updated: 12/23/2020
