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3325 W Glen Holly Drive Anaheim, CA 92804

3 Beds 2 Baths 1,290 sqft Built 1956

$645,000

List Price

$2,580

$2.3K - $2.8K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 19, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1956
  • Price/Sqft : $500.00
  • 4 Days on Market
  • MLS # : PW21057563
  • Updated Date : 03/20/2021 at 21:08
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,290 sqft
  • Baths : 2 full
Listing Agent

Achievers Real Estate

Listing Agent's Description

In need of cosmetic TLC, this traditional Anaheim home is a single-level property with 3 bedrooms and 2 bathrooms. Family-size bedrooms and bathrooms with wood-burning fireplace in the family room. Good size living space of 1,292 SF. on a 7,500-SF. lot. The property has direct access to the 2-car garage. This home is close to the 5, 91, and 22 Freeway. Conveniently located near Schools, Shopping centers, and fine Orange County restaurants. Nearby famous theme parks and stadiums like Knott’s Berry Farm and Disneyland, Angel Stadium, Outlet mall.

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
Orangeview Junior High School Middle Regular 897 35 4
Western High School High Regular 2,124 80 4

Orangeview Junior High School

  • Education Level: Middle
  • # of students: 897
  • # of teachers: 35
4
GreatSchools Rating

Western High School

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

$580,500$709,500$645,000

PURCHASE PRICE

$2,322$2,838$2,580

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,580
EXPENSES Loan Payment -$2,240
Property Tax -$661
Property Insurance -$58
Property Management Fees -$126
CASH FLOW
-$506

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.

$645,000

PROJECTED PRICE

$2,580

PROJECTED RENT

0.40%

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

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$176,675

INVESTMENT

$176,675

Down Payment
$161,250
Rehab Estimate
$5,750
Closing Costs
$9,675

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 60% down payment or higher enables the proceeds from the asset to cover all costs.

$2,240

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $161,250
Loan Amount $483,750
See What Happens When You Reinvest Cash Flow

2.25

YEARS SAVED

$10,199

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,580

    LIST RENT
  • $2

    LIST RENT PER SQFT
  • $2,722

    COMP ESTIMATED VALUE
  • $2.11

    COMP AVG. RENT PER SQFT
Comps Range
$2,580
1$2,5802$2,6003$2,7504$2,9955$3,000
$3,000
RENT COMPS ANALYSIS
  • 3325 W Glen Holly Drive Anaheim, CA 1
    • 3 beds 2 baths ∙ 1,290 Sqft ∙ Built 1956 3 beds 2 baths ∙ 1,290 Sqft ∙ Built 1956
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,580
    • $2.00
    •  
  • 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
    property image
    LEASED 08/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,600
    • $2.02
    •  
  • 3122 W Maywood Avenue Anaheim, CA 3
    • 3 beds 3 baths ∙ 1,281 Sqft ∙ Built 1958 3 beds 3 baths ∙ 1,281 Sqft ∙ Built 1958
    property image
    LEASED 09/19/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,750
    • $2.15
    •  
  • 3142 W Olinda Lane Anaheim, CA 4
    • 4 beds 2 baths ∙ 1,469 Sqft ∙ Built 1956 4 beds 2 baths ∙ 1,469 Sqft ∙ Built 1956
    property image
    LEASED 01/06/21
    • Rent
    • Rent Per SQFT
    •  
    • $2,995
    • $2.04
    •  
  • 1322 S Courson Drive Anaheim, CA 5
    • 4 beds 2 baths ∙ 1,343 Sqft ∙ Built 1956 4 beds 2 baths ∙ 1,343 Sqft ∙ Built 1956
    property image
    LEASED 05/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,000
    • $2.23
    •  
PROPERTY LISTING DETAILS
Joyce Glass
Achievers Real Estate
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: PW21057563
Last Updated: 03/20/2021
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