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2430 W Random Drive Anaheim, CA 92804

4 Beds 2 Baths 1,685 sqft Built 1957

$720,000

List Price

$3,200

$3K - $3.5K

Rent Est.

PROPERTY INFO

November 18, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1957
  • Price/Sqft : $427.30
  • 5 Days on Market
  • MLS # : OC20241472
  • Updated Date : 11/18/2020 at 19:54
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,685 sqft
  • Baths : 2 full
Listing Agent

Era Donahoe Realty

Listing Agent's Description

Located in a highly desirable area of Anaheim, walking distance to all schools on a quiet corner lot. The home has an open floor plan with a completely remodeled kitchen and a large island with quartz counters. Herringbone tile back splash, stainless steel farm sink, 5-burner stove with designer hood, stainless appliances, self-closing drawers, lots of cabinets and counter space. Spacious dining area opens into the living room with cathedral ceilings with crown molding and a beautiful brick fire place. Four spacious bedrooms, with original hardwood floors, dual pane windows/sliding doors and wood shutters throughout.

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • 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)

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
Walt Disney Elementary School Primary Regular 671 24 7
Walt Disney Elementary School Middle Regular 671 24 7
Magnolia High School High Regular 1,813 73 3

Walt Disney Elementary School

  • Education Level: Primary
  • # of students: 671
  • # of teachers: 24
7
GreatSchools Rating

Walt Disney Elementary School

  • Education Level: Middle
  • # of students: 671
  • # of teachers: 24
7
GreatSchools Rating

Magnolia High School

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

$648,000$792,000$720,000

PURCHASE PRICE

$2,880$3,520$3,200

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,200
EXPENSES Loan Payment -$2,656
Property Tax -$728
Property Insurance -$68
Property Management Fees -$157
CASH FLOW
-$409

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.

$720,000

PROJECTED PRICE

$3,200

PROJECTED RENT

0.44%

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$196,550

INVESTMENT

$196,550

Down Payment
$180,000
Rehab Estimate
$5,750
Closing Costs
$10,800

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,656

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $180,000
Loan Amount $540,000
See What Happens When You Reinvest Cash Flow

3.58

YEARS SAVED

$27,768

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,200

    LIST RENT
  • $1.9

    LIST RENT PER SQFT
  • $3,197

    COMP ESTIMATED VALUE
  • $1.9

    COMP AVG. RENT PER SQFT
Comps Range
$2,600
1$2,6002$2,9953$2,9984$3,1005$3,200
$3,200
RENT COMPS ANALYSIS
  • 2430 W Random Drive Anaheim, CA 5
    • 4 beds 2 baths ∙ 1,685 Sqft ∙ Built 1957 4 beds 2 baths ∙ 1,685 Sqft ∙ Built 1957
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $3,200
    • $1.90
    •  
  • 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
    •  
  • 228 S Mall Way Anaheim, CA 2
    • 3 beds 2 baths ∙ 1,505 Sqft ∙ Built 1955 3 beds 2 baths ∙ 1,505 Sqft ∙ Built 1955
    property image
    LEASED 05/18/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,995
    • $1.99
    •  
  • 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
    •  
  • 9871 Harriet Lane Anaheim, CA 4
    • 4 beds 2 baths ∙ 1,660 Sqft ∙ Built 1954 4 beds 2 baths ∙ 1,660 Sqft ∙ Built 1954
    property image
    LEASED 12/24/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,100
    • $1.87
    •  
PROPERTY LISTING DETAILS
Jacquelene Frazilus
Era Donahoe Realty
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: OC20241472
Last Updated: 11/18/2020
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