Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more

427 N Beth Street #B Anaheim, CA 92806

3 Beds 2 Baths 1,266 sqft Built 1971

$510,000

List Price

$2,280

$2.1K - $2.5K

Rent Est.

PROPERTY INFO

February 01, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1971
  • Price/Sqft : $402.84
  • 8 Days on Market
  • MLS # : IG21013044
  • Updated Date : 02/04/2021 at 20:28
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,266 sqft
  • Baths : 2 full
Listing Agent

Keller Williams Realty

Listing Agent's Description

Enjoy a fully remodeled home with a large master bedroom, walk-in closet and private patio with a grassy area in the Placentia-Yorba Linda School district. This home also has a full bathroom downstairs. All of the bedrooms are extra large with deep wide closets and newer ceiling fans. Cherry plank flooring in the living room and kitchen upon entering with open dining area and family room. Gorgeous custom cabinets with soft close drawers and doors, spice rack and pantry. Newer hardware and newer dark quartz counter tops with a matte finish. The Chefs kitchen is quite deep with plenty of counter space for cooking and meal prep. Recessed lighting and new interior paint give the home a great vibe. New dual pane windows through out and a new glass sliding door. The downstairs bathroom is fully remodeled as well. Carpet on the stairs and in all bedrooms which is perfect for newborns and children. New A/C Condenser, New Nest thermostat, New water heater. The HOA just painted all of the exterior and put on a new roof. This home has great income potential. There is also a gated pool area with two Jacuzzi’s, kids pool, adults pool, bathrooms, showers and kids playground. Amazing location close to 91 and 57 freeways, Anaheim Town Square and Anaheim Market place. Lastly enjoy great local breweries, coffee shops,  Disneyland, California Adventure, Downtown Disney, The Anaheim Convention Center and much more.

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: East Anaheim

NeighborhoodNIR Market*CityMarket2010Year20002019250k300k350k400k450k500k550k600k650k700kPrice in $212k742k

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

Neighborhood: East Anaheim

NeighborhoodNIR Market*CityMarket2010Year2000 Q22019 Q2160018002000220024002600280030003200Rent in $15943345

* 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
Rio Vista Elementary School Primary Regular 915 31 5
Valadez Middle School Academy Middle Regular 694 29 4
Valencia High School High Magnet 2,740 100 9

Rio Vista Elementary School

  • Education Level: Primary
  • # of students: 915
  • # of teachers: 31
5
GreatSchools Rating

Valadez Middle School Academy

  • Education Level: Middle
  • # of students: 694
  • # of teachers: 29
4
GreatSchools Rating

Valencia High School

  • Education Level: High
  • # of students: 2,740
  • # of teachers: 100
9
GreatSchools Rating
 

$459,000$561,000$510,000

PURCHASE PRICE

$2,052$2,508$2,280

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,280
EXPENSES Loan Payment -$1,771
Property Tax -$513
Property Insurance -$58
HOA -$315
Property Management Fees -$112
CASH FLOW
-$489

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.

$510,000

PROJECTED PRICE

$2,280

PROJECTED RENT

0.45%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.42%
Appreciation Year (1-5) 7.1%
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$200k$400k$600k$800k$1.0M$1.2M$1.4M$1.6M

PROJECTED ANNUAL CASH FLOW

11530-$10k-$5.0k$0.0$5.0k$10k

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$140,900

INVESTMENT

$140,900

Down Payment
$127,500
Rehab Estimate
$5,750
Closing Costs
$7,650

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,771

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $127,500
Loan Amount $382,500
See What Happens When You Reinvest Cash Flow

1.33

YEARS SAVED

$3,369

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,280

    LIST RENT
  • $1.8

    LIST RENT PER SQFT
  • $2,472

    COMP ESTIMATED VALUE
  • $1.95

    COMP AVG. RENT PER SQFT
Comps Range
$2,280
1$2,2802$2,7953$3,0954$3,2005$3,250
$3,250
RENT COMPS ANALYSIS
  • 427 N Beth Street Anaheim, CA 1
    • 3 beds 2 baths ∙ 1,266 Sqft ∙ Built 1971 3 beds 2 baths ∙ 1,266 Sqft ∙ Built 1971
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,280
    • $1.80
    •  
  • 2232 E North Redwood Drive Anaheim, CA 2
    • 3 beds 2 baths ∙ 1,548 Sqft ∙ Built 1956 3 beds 2 baths ∙ 1,548 Sqft ∙ Built 1956
    property image
    LEASED 10/08/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,795
    • $1.81
    •  
  • 3010 N Cottonwood Street Orange, CA 3
    • 3 beds 2 baths ∙ 1,571 Sqft ∙ Built 1976 3 beds 2 baths ∙ 1,571 Sqft ∙ Built 1976
    property image
    LEASED 01/09/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,095
    • $1.97
    •  
  • 4173 N Sunset Street Orange, CA 4
    • 3 beds 3 baths ∙ 1,606 Sqft ∙ Built 1962 3 beds 3 baths ∙ 1,606 Sqft ∙ Built 1962
    property image
    LEASED 05/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,200
    • $1.99
    •  
  • 512 N Carousel Place Anaheim, CA 5
    • 3 beds 2 baths ∙ 1,596 Sqft ∙ Built 1962 3 beds 2 baths ∙ 1,596 Sqft ∙ Built 1962
    property image
    LEASED 04/17/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,250
    • $2.04
    •  
PROPERTY LISTING DETAILS
Joseph Orozco
Keller Williams Realty
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: IG21013044
Last Updated: 02/04/2021
BESbswy