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514 W Bell Avenue Santa Ana, CA 92707

4 Beds 3 Baths 2,634 sqft Built 1970

$919,000

List Price

$4,070

$3.8K - $4.3K

Rent Est.

PROPERTY INFO

January 14, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1970
  • Price/Sqft : $348.90
  • 5 Days on Market
  • MLS # : PW21007529
  • Updated Date : 01/16/2021 at 17:19
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,634 sqft
  • Baths : 3 full
Listing Agent

Coastal Group

Listing Agent's Description

Exceptional Value! Come inside this large, stunning, 4 bedrooms, 3 full bathrooms, 2 story, 2639sqft, 6081sqft lot home in the highly desired Sandpointe neighborhood of South Coast Metro area in Santa Ana. This residence exudes luxury! Newer painted, home comes with many nice features. The beautiful entryway leads you to a spacious open floor plan with vaulted ceilings in the formal living room, formal dining room, MAIN LEVEL BEDROOM & BATHROOM, and an extra large family room. Completely remodeled recently with a modern design and meticulous attention to detail and craftsmanship, you'll be impressed with the custom, large staircase, laminate wood floors, large porcelain tiles, designer bathrooms with high end finishes, scraped ceilings, newer central air conditioner and furnace, all new interior doors, closets and windows. The gourmet kitchen features brand new cabinets and appliances including stainless steel gas range, dishwasher and range hood. From the kitchen, you can look out to the large backyard cover that is perfect for entertaining. The master suite is extremely large and has a beautifully remodeled bathroom featuring porcelain in the shower and floors. Home is a beauty and centrally and conveniently located near South Coast Plaza mall, FWYs, parks, and great schools. A must see!

SEE MORE

MARKET HIGHLIGHTS

  • 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.
  • 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)

PRICE & RENT TRENDS

Neighborhood: Sandpointe

NeighborhoodNIR Market*CityMarket2010Year20002019250k300k350k400k450k500k550k600k650k700kPrice in $205k742k

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

Neighborhood: Sandpointe

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
Taft Elementary School Primary Regular 641 30 2
Mcfadden Intermediate School Middle Regular 1,374 55 3
Saddleback High School High Regular 1,690 78 5

Taft Elementary School

  • Education Level: Primary
  • # of students: 641
  • # of teachers: 30
2
GreatSchools Rating

Mcfadden Intermediate School

  • Education Level: Middle
  • # of students: 1,374
  • # of teachers: 55
3
GreatSchools Rating

Saddleback High School

  • Education Level: High
  • # of students: 1,690
  • # of teachers: 78
5
GreatSchools Rating
 

$827,100$1,010,900$919,000

PURCHASE PRICE

$3,663$4,477$4,070

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $4,070
EXPENSES Loan Payment -$3,192
Property Tax -$1,027
Property Insurance -$91
Property Management Fees -$199
CASH FLOW
-$439

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.

$919,000

PROJECTED PRICE

$4,070

PROJECTED RENT

0.44%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.42%
Appreciation Year (1-5) 7.5%
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$2.5M$3.0M

PROJECTED ANNUAL CASH FLOW

11530-$10k$0.0$10k$20k$30k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$500k$1.0M$1.5M$2.0M$2.5M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$249,285

INVESTMENT

$249,285

Down Payment
$229,750
Rehab Estimate
$5,750
Closing Costs
$13,785

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$3,192

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $229,750
Loan Amount $689,250
See What Happens When You Reinvest Cash Flow

3.67

YEARS SAVED

$32,187

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $4,070

    LIST RENT
  • $1.55

    LIST RENT PER SQFT
  • $4,419

    COMP ESTIMATED VALUE
  • $1.68

    COMP AVG. RENT PER SQFT
Comps Range
$3,895
1$3,8952$3,9953$4,0004$4,0705$4,500
$4,500
RENT COMPS ANALYSIS
  • 514 W Bell Avenue Santa Ana, CA 4
    • 4 beds 3 baths ∙ 2,634 Sqft ∙ Built 1970 4 beds 3 baths ∙ 2,634 Sqft ∙ Built 1970
    • Rent
    • Rent Per SQFT
    •  
    • $4,070
    • $1.55
    •  
  • 3830 Teakwood Santa Ana, CA 1
    • 4 beds 3 baths ∙ 2,296 Sqft ∙ Built 1969 4 beds 3 baths ∙ 2,296 Sqft ∙ Built 1969
    LEASED 11/06/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,895
    • $1.70
    •  
  • 758 Allegheny Avenue Costa Mesa, CA 2
    • 3 beds 2 baths ∙ 2,404 Sqft ∙ Built 1961 3 beds 2 baths ∙ 2,404 Sqft ∙ Built 1961
    LEASED 06/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,995
    • $1.66
    •  
  • 1014 Begonia Avenue Costa Mesa, CA 3
    • 4 beds 3 baths ∙ 2,443 Sqft ∙ Built 1984 4 beds 3 baths ∙ 2,443 Sqft ∙ Built 1984
    LEASED 10/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $4,000
    • $1.64
    •  
  • 514 Bell Ave Santa Ana, CA 5
    • 4 beds 3 baths ∙ 2,634 Sqft ∙ Built 1970 4 beds 3 baths ∙ 2,634 Sqft ∙ Built 1970
    LEASED 04/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $4,500
    • $1.71
    •  
PROPERTY LISTING DETAILS
Jenny Phung
Coastal Group
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: PW21007529
Last Updated: 01/16/2021
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