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2501 W Sunflower Avenue #G1 Santa Ana, CA 92704

3 Beds 2 Baths 1,088 sqft Built 1970

$420,000

List Price

$2,330

$2.1K - $2.6K

Rent Est.

PROPERTY INFO

80% chance this property will be sold within the next 20 days HOT INVESTMENT
February 12, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1970
  • Price/Sqft : $386.03
  • 6 Days on Market
  • MLS # : PW21026842
  • Updated Date : 02/12/2021 at 10:14
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,088 sqft
  • Baths : 2 full
Listing Agent

Pacific Home Brokers

Listing Agent's Description

DESCRIPTION Your new home awaits you at the Woodside Village condominium. This gated community condo is conveniently located just minutes to the popular cosmopolitan area of South Coast Metro, South Coast Plaza, Segerstrom Performing Arts Center, Metro Pointe, OC Mix and a variety of restaurants, shops and easy access to 405, 55, and 73 freeways. The ground level unit features an inviting open concept living, dining, and kitchen layout with clean white modern interior, gray porcelain ceramic tile, and complete recessed LED lighting throughout. The updated kitchen boast floor to ceiling white cabinets, quartz countertop, breakfast bar, and stainless steel appliances. Just outside of the living room, you can enjoy the outdoors or BBQ your favorite meal in your own patio area. All 3 bedrooms are ample sized with built in closets, sliding mirrored doors, crown moldings and polished travertine floors. Low HOA and association amenities; laundry, pool, spa, clubhouse, maintenance, landscaping, water, trash (all included). Other highlights include central A/C unit + furnace, built in shoe closet near the main entrance, detached storage unit, and quick access to the mailbox. One carport parking spot and one assigned parking spot also included. Whether you’re looking to become a first-time homeowner or add another solid rental property to your investment portfolio, this move in ready home could be the one for you! Connect with us today to schedule your private showing.

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: Armstrong

NeighborhoodNIR Market*CityMarket2010Year20002019200k250k300k350k400k450k500k550k600k650k700kPrice in $186k742k

* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR

Neighborhood: Armstrong

NeighborhoodNIR Market*CityMarket2010Year2000 Q22019 Q218002000220024002600280030003200Rent in $16013345

* 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
Greenville Fundamental Elementary School Primary Regular 1,070 37 5
Mcfadden Intermediate School Middle Regular 1,374 55 3
Segerstrom High School High Regular 2,544 83 7

Greenville Fundamental Elementary School

  • Education Level: Primary
  • # of students: 1,070
  • # of teachers: 37
5
GreatSchools Rating

Mcfadden Intermediate School

  • Education Level: Middle
  • # of students: 1,374
  • # of teachers: 55
3
GreatSchools Rating

Segerstrom High School

  • Education Level: High
  • # of students: 2,544
  • # of teachers: 83
7
GreatSchools Rating
 

$378,000$462,000$420,000

PURCHASE PRICE

$2,097$2,563$2,330

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,330
EXPENSES Loan Payment -$1,459
Property Tax -$445
Property Insurance -$53
HOA -$268
Property Management Fees -$114
CASH FLOW
-$9

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 13% of earned rent to cover both maintenance and periods of vacancy.

$420,000

PROJECTED PRICE

$2,330

PROJECTED RENT

0.55%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.24%
Appreciation Year (1-5) 8.2%
Maintenance Year (1-5) 8.00%
Vacancy 5.38%
Length of Stay Years 2

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M

PROJECTED ANNUAL CASH FLOW

11530$0.0$5.0k$10k$15k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$117,050

INVESTMENT

$117,050

Down Payment
$105,000
Rehab Estimate
$5,750
Closing Costs
$6,300

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 50% down payment or higher enables the proceeds from the asset to cover all costs.

$1,459

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $105,000
Loan Amount $315,000
See What Happens When You Reinvest Cash Flow

5.5

YEARS SAVED

$25,341

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,330

    LIST RENT
  • $2.14

    LIST RENT PER SQFT
  • $2,317

    COMP ESTIMATED VALUE
  • $2.13

    COMP AVG. RENT PER SQFT
Comps Range
$2,330
1$2,3302$2,3503$2,4004$2,800
$2,800
RENT COMPS ANALYSIS
  • 2501 W Sunflower Avenue Santa Ana, CA 1
    • 3 beds 2 baths ∙ 1,088 Sqft ∙ Built 1970 3 beds 2 baths ∙ 1,088 Sqft ∙ Built 1970
    • Rent
    • Rent Per SQFT
    •  
    • $2,330
    • $2.14
    •  
  • 2521 W Sunflower Avenue Santa Ana, CA 2
    • 3 beds 2 baths ∙ 1,088 Sqft ∙ Built 1970 3 beds 2 baths ∙ 1,088 Sqft ∙ Built 1970
    LEASED 02/01/21
    • Rent
    • Rent Per SQFT
    •  
    • $2,350
    • $2.16
    •  
  • 2505 S Laurelwood Santa Ana, CA 3
    • 3 beds 2 baths ∙ 1,130 Sqft ∙ Built 1977 3 beds 2 baths ∙ 1,130 Sqft ∙ Built 1977
    LEASED 02/04/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,400
    • $2.12
    •  
  • 3431 Timber Lake Costa Mesa, CA 4
    • 3 beds 2 baths ∙ 1,324 Sqft ∙ Built 1976 3 beds 2 baths ∙ 1,324 Sqft ∙ Built 1976
    LEASED 08/20/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,800
    • $2.11
    •  
PROPERTY LISTING DETAILS
Nancy Yeh Pham
Pacific Home Brokers
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: PW21026842
Last Updated: 02/12/2021
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