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312 S Western Avenue Anaheim, CA 92804

3 Beds 2 Baths 1,318 sqft Built 1956

$699,900

List Price

$2,550

$2.3K - $2.8K

Rent Est.

PROPERTY INFO

December 04, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1956
  • Price/Sqft : $531.03
  • 4 Days on Market
  • MLS # : PW20251316
  • Updated Date : 12/03/2020 at 21:49
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,318 sqft
  • Baths : 2 full
Listing Agent

Realty One Group Synergy

Listing Agent's Description

Fully renovated turnkey home!!! New luxury kitchen with stainless steel appliances. Modern island is the focus of the room with an open floor plan. All new flooring thru out and both bathrooms have been tastefully renovated. New windows thru out along with a stone fireplace makes this the perfect place to call home. Front yard has been professionally landscaped with a sprinkler system. The back yard has two cement pads to store your boat and RV with plenty of left over space to build a pool or extend the home with direct alley access. The garage has also been renovated with a new garage door, motor, new water heater and plumbing. The sliding door to the outside makes this a wonderful place to host and entertain. Walking distance to both High School and Elementary school. Conveniently located to all major freeways in OC and close to many famous attractions and restaurants.

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
Danbrook Elementary School Primary Regular 675 25 6
Danbrook Elementary School Middle Regular 675 25 6
Western High School High Regular 2,124 80 4

Danbrook Elementary School

  • Education Level: Primary
  • # of students: 675
  • # of teachers: 25
6
GreatSchools Rating

Danbrook Elementary School

  • Education Level: Middle
  • # of students: 675
  • # of teachers: 25
6
GreatSchools Rating

Western High School

  • Education Level: High
  • # of students: 2,124
  • # of teachers: 80
4
GreatSchools Rating
 

$629,910$769,890$699,900

PURCHASE PRICE

$2,295$2,805$2,550

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,550
EXPENSES Loan Payment -$2,582
Property Tax -$712
Property Insurance -$59
Property Management Fees -$125
CASH FLOW
-$928

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.

$699,900

PROJECTED PRICE

$2,550

PROJECTED RENT

0.36%

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

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$191,224

INVESTMENT

$191,224

Down Payment
$174,975
Rehab Estimate
$5,750
Closing Costs
$10,499

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 65% down payment or higher enables the proceeds from the asset to cover all costs.

$2,582

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $174,975
Loan Amount $524,925
See What Happens When You Reinvest Cash Flow

0.5

YEARS SAVED

$1,342

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,550

    LIST RENT
  • $1.93

    LIST RENT PER SQFT
  • $2,758

    COMP ESTIMATED VALUE
  • $2.09

    COMP AVG. RENT PER SQFT
Comps Range
$2,550
1$2,5502$2,6003$2,6954$2,7505$2,850
$2,850
RENT COMPS ANALYSIS
  • 312 S Western Avenue Anaheim, CA 1
    • 3 beds 2 baths ∙ 1,318 Sqft ∙ Built 1956 3 beds 2 baths ∙ 1,318 Sqft ∙ Built 1956
    • Rent
    • Rent Per SQFT
    •  
    • $2,550
    • $1.93
    •  
  • 9231 Via Vista Drive Buena Park, CA 2
    • 4 beds 2 baths ∙ 1,287 Sqft ∙ Built 1956 4 beds 2 baths ∙ 1,287 Sqft ∙ Built 1956
    LEASED 08/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,600
    • $2.02
    •  
  • 809 S Canoga Street Anaheim, CA 3
    • 4 beds 2 baths ∙ 1,303 Sqft ∙ Built 1961 4 beds 2 baths ∙ 1,303 Sqft ∙ Built 1961
    LEASED 03/09/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,695
    • $2.07
    •  
  • 3122 W Maywood Avenue Anaheim, CA 4
    • 3 beds 3 baths ∙ 1,281 Sqft ∙ Built 1958 3 beds 3 baths ∙ 1,281 Sqft ∙ Built 1958
    LEASED 09/19/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,750
    • $2.15
    •  
  • 6952 San Pedro Circle Buena Park, CA 5
    • 4 beds 2 baths ∙ 1,339 Sqft ∙ Built 1955 4 beds 2 baths ∙ 1,339 Sqft ∙ Built 1955
    LEASED 10/10/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,850
    • $2.13
    •  
PROPERTY LISTING DETAILS
Jesus Amparan
Realty One Group Synergy
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: PW20251316
Last Updated: 12/03/2020
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