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449 S San Vicente Lane Anaheim Hills, CA 92807

3 Beds 3 Baths 2,193 sqft Built 1998

$725,000

List Price

$3,250

$3K - $3.5K

Rent Est.

PROPERTY INFO

December 20, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1998
  • Price/Sqft : $330.60
  • 2 Days on Market
  • MLS # : PW20260482
  • Updated Date : 12/19/2020 at 21:10
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,193 sqft
  • Baths : 3 full
Listing Agent

Reliance Real Estate Services

Listing Agent's Description

Prestigious End Unit Luxury Condo located in the Highly Sought after Gated Community of Firenze. Open the door to Soaring Ceilings and a Bright Open Floor Plan. Gaze at the Tree & Sunset Views out every window. Must see 3 Bedroom Floor plans with 2 Private Suites, and a Main Floor Bedroom Option, plus a Main Floor Full Bath, the home is a Reversed Living Floorplan with the Bedroom Suites on the Lower Level. Enjoy a newer Chefs dream kitchen with Cherry Wood Cabinets & endless custom storage, Granite Counter Tops**a grand peninsula that host seating on both sides & Stainless-Steel Appliances to include a Cobalt Blue Oven Interior. The Owners Suite host a Fireplace and French Door that open to a Private Deck, & Linen Storage, and Expansive Dual Closets, with tons of storage options. Enjoy the Upgraded Grand Master Bath with New custom cabinets, dual sink and water fall style faucets. granite counter tops, plus a seamless glass shower enclosure. The Secondary Suite also has its own private patio, and the bath has been upgraded with a new custom cabinet, granite countertop, & a upscale bowl style sink. The Laundry Room has cabinet storage, and a sink. Added value, recessed lighting, wood flooring, garage with storage cabinets, and a storage attic, 4-inch baseboards, plantation shutters, driveway parking. Close to Shopping, Fwy (91-241-55), Anaheim Hills Golf, Oak Canyon Nature Center, Award Blue Ribbon Schools, Pool Spa Community.

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: Anaheim Hills

NeighborhoodNIR Market*CityMarket2010Year20002019250k300k350k400k450k500k550k600k650k700k750k800k850k900kPrice in $230k922k

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

Neighborhood: Anaheim Hills

NeighborhoodNIR Market*CityMarket2010Year2000 Q22019 Q2160018002000220024002600280030003200340036003800Rent in $15963818

* 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
Crescent Elementary School Primary Regular 770 26 9
Crescent Elementary School Middle Regular 770 26 9
Canyon High School High Regular 2,338 86 9

Crescent Elementary School

  • Education Level: Primary
  • # of students: 770
  • # of teachers: 26
9
GreatSchools Rating

Crescent Elementary School

  • Education Level: Middle
  • # of students: 770
  • # of teachers: 26
9
GreatSchools Rating

Canyon High School

  • Education Level: High
  • # of students: 2,338
  • # of teachers: 86
9
GreatSchools Rating
 

$652,500$797,500$725,000

PURCHASE PRICE

$2,925$3,575$3,250

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,250
EXPENSES Loan Payment -$2,675
Property Tax -$701
Property Insurance -$80
HOA -$403
Property Management Fees -$159
CASH FLOW
-$768

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 14% of earned rent to cover both maintenance and periods of vacancy.

$725,000

PROJECTED PRICE

$3,250

PROJECTED RENT

0.45%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.08%
Appreciation Year (1-5) 5.4%
Maintenance Year (1-5) 8.00%
Vacancy 5.81%
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$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$197,875

INVESTMENT

$197,875

Down Payment
$181,250
Rehab Estimate
$5,750
Closing Costs
$10,875

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,675

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $181,250
Loan Amount $543,750
See What Happens When You Reinvest Cash Flow

0.67

YEARS SAVED

$2,510

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,250

    LIST RENT
  • $1.48

    LIST RENT PER SQFT
  • $3,295

    COMP ESTIMATED VALUE
  • $1.5

    COMP AVG. RENT PER SQFT
Comps Range
$3,250
1$3,2502$3,4003$3,4004$3,4005$3,500
$3,500
RENT COMPS ANALYSIS
  • 449 S San Vicente Lane Anaheim Hills, CA 1
    • 3 beds 3 baths ∙ 2,193 Sqft ∙ Built 1998 3 beds 3 baths ∙ 2,193 Sqft ∙ Built 1998
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $3,250
    • $1.48
    •  
  • 301 S Old Bridge Road Anaheim Hills, CA 2
    • 3 beds 2 baths ∙ 2,218 Sqft ∙ Built 1979 3 beds 2 baths ∙ 2,218 Sqft ∙ Built 1979
    property image
    LEASED 04/03/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,400
    • $1.53
    •  
  • 6031 E Nugget Court Anaheim Hills, CA 3
    • 4 beds 3 baths ∙ 2,319 Sqft ∙ Built 1980 4 beds 3 baths ∙ 2,319 Sqft ∙ Built 1980
    property image
    LEASED 01/23/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,400
    • $1.47
    •  
  • 5946 E Calle Principia Anaheim Hills, CA 4
    • 3 beds 3 baths ∙ 2,337 Sqft ∙ Built 1980 3 beds 3 baths ∙ 2,337 Sqft ∙ Built 1980
    property image
    LEASED 08/31/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,400
    • $1.45
    •  
  • 285 S San Vicente Lane Anaheim Hills, CA 5
    • 3 beds 3 baths ∙ 2,250 Sqft ∙ Built 1999 3 beds 3 baths ∙ 2,250 Sqft ∙ Built 1999
    property image
    LEASED 07/16/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,500
    • $1.56
    •  
PROPERTY LISTING DETAILS
Christine Haynes
Reliance Real Estate Services
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: PW20260482
Last Updated: 12/19/2020
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