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3169 W Coolidge Avenue Anaheim, CA 92801

3 Beds 1 Baths 959 sqft Built 1953

$589,000

List Price

$2,510

$2.3K - $2.8K

Rent Est.

PROPERTY INFO

January 08, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1953
  • Price/Sqft : $614.18
  • 3 Days on Market
  • MLS # : OC21002508
  • Updated Date : 01/08/2021 at 22:19
CONSTRUCTION
  • Beds : 3
  • Floor Size : 959 sqft
  • Baths : 1 full
Listing Agent

Realty One Group West

Listing Agent's Description

Welcome to this charming move-in-ready home in a great neighborhood close to shopping, freeways, and entertainment. Situated on a 7,200+ lot with a sizable front yard and a huge backyard complete with mature avocado and guava trees. Spacious kitchen with plenty of storage and counter space. Remodeled bathroom with a beautiful modern touch. Tons of upgrades completed this year including: new exterior paint, new African Mahogany fence, new light fixtures throughout, new window screens and blinds, and an upgraded lawn irrigation system. A newer exterior mainline sewer clean out and hydro-jetted sewer lines. Newer roof (2016) and the HVAC system (2015). Open floor plan with kitchen overlooking the dining room and living room leading into bedrooms and an upgraded bathroom. Sliding doors lead to an outdoor covered patio overlooking the large backyard with a grassy area, low maintenance landscaping, and storage shed. This home has been lovingly cared for and is ready for its new homeowners!

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: Buena Park

NeighborhoodNIR Market*CityMarket2010Year20002019250k300k350k400k450k500k550k600k650k700kPrice in $221k742k

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

Neighborhood: Buena Park

NeighborhoodNIR Market*CityMarket2010Year2000 Q22019 Q2160018002000220024002600280030003200Rent in $15963345

* 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
Centralia Elementary School Primary Regular 570 23 5
Centralia Elementary School Middle Regular 570 23 5
Western High School High Regular 2,124 80 4

Centralia Elementary School

  • Education Level: Primary
  • # of students: 570
  • # of teachers: 23
5
GreatSchools Rating

Centralia Elementary School

  • Education Level: Middle
  • # of students: 570
  • # of teachers: 23
5
GreatSchools Rating

Western High School

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

$530,100$647,900$589,000

PURCHASE PRICE

$2,259$2,761$2,510

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,510
EXPENSES Loan Payment -$2,046
Property Tax -$609
Property Insurance -$50
Property Management Fees -$123
CASH FLOW
-$318

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.

$589,000

PROJECTED PRICE

$2,510

PROJECTED RENT

0.43%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.24%
Appreciation Year (1-5) 6.6%
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$1.6M$1.8M

PROJECTED ANNUAL CASH FLOW

11530-$5.0k$0.0$5.0k$10k$15k$20k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M$1.6M$1.8M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$161,835

INVESTMENT

$161,835

Down Payment
$147,250
Rehab Estimate
$5,750
Closing Costs
$8,835

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,046

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $147,250
Loan Amount $441,750
See What Happens When You Reinvest Cash Flow

3.17

YEARS SAVED

$15,146

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,510

    LIST RENT
  • $2.62

    LIST RENT PER SQFT
  • $1,920

    COMP ESTIMATED VALUE
  • $2

    COMP AVG. RENT PER SQFT
Comps Range
$2,100
1$2,1002$2,5003$2,5104$2,6005$2,700
$2,700
RENT COMPS ANALYSIS
  • 3169 W Coolidge Avenue Anaheim, CA 3
    • 3 beds 1 baths ∙ 959 Sqft ∙ Built 1953 3 beds 1 baths ∙ 959 Sqft ∙ Built 1953
    • Rent
    • Rent Per SQFT
    •  
    • $2,510
    • $2.62
    •  
  • 8106 Santa Inez Drive Buena Park, CA 1
    • 3 beds 2 baths ∙ 1,156 Sqft ∙ Built 1964 3 beds 2 baths ∙ 1,156 Sqft ∙ Built 1964
    LEASED 05/26/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,100
    • $1.82
    •  
  • 7244 El Poste Drive Buena Park, CA 2
    • 3 beds 2 baths ∙ 1,225 Sqft ∙ Built 1958 3 beds 2 baths ∙ 1,225 Sqft ∙ Built 1958
    LEASED 08/14/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $2.04
    •  
  • 9231 Via Vista Drive Buena Park, CA 4
    • 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
    •  
  • 7986 El Monte Drive Buena Park, CA 5
    • 4 beds 2 baths ∙ 1,270 Sqft ∙ Built 1958 4 beds 2 baths ∙ 1,270 Sqft ∙ Built 1958
    LEASED 02/26/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,700
    • $2.13
    •  
PROPERTY LISTING DETAILS
Wilson Ho
Realty One Group West
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: OC21002508
Last Updated: 01/08/2021
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