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2316 W Valdina Avenue Anaheim, CA 92801

4 Beds 2 Baths 1,245 sqft Built 1947

$649,000

List Price

$2,740

$2.5K - $3K

Rent Est.

PROPERTY INFO

February 11, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1947
  • Price/Sqft : $521.29
  • 5 Days on Market
  • MLS # : OC21024563
  • Updated Date : 02/10/2021 at 13:25
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,245 sqft
  • Baths : 2 full
Listing Agent

Keller Williams Realty

Listing Agent's Description

Well-maintained and upgraded 4 bedroom, 2 bathroom home in North Anaheim. Located within close proximity to the 5 FWY and 91 FWY. Upgrades in the home include a new central HVAC, designer light fixtures, a new front door, new closet/interior doors, stainless steel kitchen faucet, and ceiling fan. Step inside and see fresh paint and new vinyl plank flooring throughout the entire home. The living room has ample space and is adjoined to the eating area. Through the eating area is a cozy kitchen featuring granite counters and stainless steel chef’s table. Appliances include a 5 burner gas range/oven, microwave, refrigerator, and new water purifier with a new stainless steel faucet. Next to the kitchen is the master bedroom boasting an en suite and access to the 1 car garage. Offered in the garage are washer/gas dryer hookups and new vinyl plank flooring. Through the living room hallway are 3 additional bedrooms and a full bathroom with a newly stained vanity. All bedrooms have decent space and standard closets. Open the patio door in the kitchen and step outside to a large backyard complete with landscaping, a paved patio area, a dog run, and a large gated sparkling pool perfect for the upcoming summer heat. The home also has leased solar panels. Only minutes away from Knott's Berry Farm, Buena Park Mall, Dad Miller Golf Course, and Brookhurst Park!

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
Brookhurst Junior High School Middle Regular 1,193 45 3
Savanna High School High Regular 2,055 73 3
Brookhurst Junior High School Middle Unknown NA

Brookhurst Junior High School

  • Education Level: Middle
  • # of students: 1,193
  • # of teachers: 45
3
GreatSchools Rating

Savanna High School

  • Education Level: High
  • # of students: 2,055
  • # of teachers: 73
3
GreatSchools Rating

Brookhurst Junior High School

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

$584,100$713,900$649,000

PURCHASE PRICE

$2,466$3,014$2,740

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,740
EXPENSES Loan Payment -$2,254
Property Tax -$670
Property Insurance -$57
Property Management Fees -$134
CASH FLOW
-$376

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.

$649,000

PROJECTED PRICE

$2,740

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

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$177,735

INVESTMENT

$177,735

Down Payment
$162,250
Rehab Estimate
$5,750
Closing Costs
$9,735

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,254

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $162,250
Loan Amount $486,750
See What Happens When You Reinvest Cash Flow

3.33

YEARS SAVED

$18,079

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,740

    LIST RENT
  • $2.2

    LIST RENT PER SQFT
  • $2,487

    COMP ESTIMATED VALUE
  • $2

    COMP AVG. RENT PER SQFT
Comps Range
$2,500
1$2,5002$2,5003$2,6004$2,7405$3,000
$3,000
RENT COMPS ANALYSIS
  • 2316 W Valdina Avenue Anaheim, CA 4
    • 4 beds 2 baths ∙ 1,245 Sqft ∙ Built 1947 4 beds 2 baths ∙ 1,245 Sqft ∙ Built 1947
    • Rent
    • Rent Per SQFT
    •  
    • $2,740
    • $2.20
    •  
  • 1954 W W Glenoaks Ave Anaheim, CA 1
    • 3 beds 3 baths ∙ 1,258 Sqft ∙ Built 1964 3 beds 3 baths ∙ 1,258 Sqft ∙ Built 1964
    LEASED 01/26/21
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $1.99
    •  
  • 1345 N Ferndale Street Anaheim, CA 2
    • 4 beds 2 baths ∙ 1,307 Sqft ∙ Built 1954 4 beds 2 baths ∙ 1,307 Sqft ∙ Built 1954
    LEASED 04/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $1.91
    •  
  • 2421 W Greenacre Avenue Anaheim, CA 3
    • 3 beds 2 baths ∙ 1,284 Sqft ∙ Built 1955 3 beds 2 baths ∙ 1,284 Sqft ∙ Built 1955
    LEASED 11/24/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,600
    • $2.02
    •  
  • 926 N Cavon Place Anaheim, CA 5
    • 4 beds 2 baths ∙ 1,447 Sqft ∙ Built 1956 4 beds 2 baths ∙ 1,447 Sqft ∙ Built 1956
    LEASED 10/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,000
    • $2.07
    •  
PROPERTY LISTING DETAILS
Elizabeth Do
Keller Williams Realty
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: OC21024563
Last Updated: 02/10/2021
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