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534 N Malena Street Orange, CA 92867

3 Beds 2 Baths 1,727 sqft Built 1963

$749,888

List Price

$3,250

$3K - $3.5K

Rent Est.

PROPERTY INFO

November 17, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1963
  • Price/Sqft : $434.21
  • 6 Days on Market
  • MLS # : OC20239727
  • Updated Date : 11/21/2020 at 16:32
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,727 sqft
  • Baths : 2 full
Listing Agent

Trusted Realty Group

Listing Agent's Description

Welcome Home to this stunning 3 bedroom 2 bath home in Orange! As you walk up to the property, you are welcomed by beautiful curb appeal, a large driveway, and a great porch to sit and relax. As you enter, you have a gorgeous kitchen to the right, with new appliances, corian countertops, tile flooring and an island that will make entertaining a breeze. This home also boasts two large living spaces, a wonderful backyard, a lemon and orange tree, a long and wide dog run area/side yard, a spacious garage with additional storage, three perfectly sized rooms, UV filtered HVAC unit, and two beautifully remodeled bathrooms. Upgrades also include newer windows, smooth ceilings, ceiling fans, custom baseboards, crown molding, and the list goes on. This property is a MUST SEE and is located just minutes from the 55 and 22 fwy, Orange Circle and a ton of shopping and restaurants.

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

Zip Code: 92867

ZipNIR Market*CityMarket2010Year20002019250k300k350k400k450k500k550k600k650k700k750k800kPrice in $243k813k

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

Zip Code: 92867

ZipNIR Market*CityMarket2010Year2000 Q22019 Q2200022002400260028003000320034003600Rent in $18443604

* 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
Handy Elementary School Primary Regular 562 25 6
Handy Elementary School Middle Regular 562 25 6
Orange High School High Regular 1,927 79 4

Handy Elementary School

  • Education Level: Primary
  • # of students: 562
  • # of teachers: 25
6
GreatSchools Rating

Handy Elementary School

  • Education Level: Middle
  • # of students: 562
  • # of teachers: 25
6
GreatSchools Rating

Orange High School

  • Education Level: High
  • # of students: 1,927
  • # of teachers: 79
4
GreatSchools Rating
 

$674,899$824,877$749,888

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 -$2,767
Property Tax -$734
Property Insurance -$68
Property Management Fees -$159
CASH FLOW
-$478

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.

$749,888

PROJECTED PRICE

$3,250

PROJECTED RENT

0.43%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.24%
Appreciation Year (1-5) 6.1%
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$500k$1.0M$1.5M$2.0M

PROJECTED ANNUAL CASH FLOW

11530-$10k-$5.0k$0.0$5.0k$10k$15k$20k$25k

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$204,470

INVESTMENT

$204,470

Down Payment
$187,472
Rehab Estimate
$5,750
Closing Costs
$11,248

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,767

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $187,472
Loan Amount $562,416
See What Happens When You Reinvest Cash Flow

3

YEARS SAVED

$21,075

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
  • $1.88

    LIST RENT PER SQFT
  • $3,268

    COMP ESTIMATED VALUE
  • $1.89

    COMP AVG. RENT PER SQFT
Comps Range
$2,895
1$2,8952$3,0953$3,2004$3,2505$3,295
$3,295
RENT COMPS ANALYSIS
  • 534 N Malena Street Orange, CA 4
    • 3 beds 2 baths ∙ 1,727 Sqft ∙ Built 1963 3 beds 2 baths ∙ 1,727 Sqft ∙ Built 1963
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $3,250
    • $1.88
    •  
  • 311 N Highland Street Orange, CA 1
    • 4 beds 1 baths ∙ 1,560 Sqft ∙ Built 1972 4 beds 1 baths ∙ 1,560 Sqft ∙ Built 1972
    property image
    LEASED 10/03/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,895
    • $1.86
    •  
  • 582 N La Nae Circle Orange, CA 2
    • 4 beds 2 baths ∙ 1,575 Sqft ∙ Built 1965 4 beds 2 baths ∙ 1,575 Sqft ∙ Built 1965
    property image
    LEASED 11/25/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,095
    • $1.97
    •  
  • 2011 E Orange Grove Avenue Orange, CA 3
    • 3 beds 2 baths ∙ 1,685 Sqft ∙ Built 1953 3 beds 2 baths ∙ 1,685 Sqft ∙ Built 1953
    property image
    LEASED 09/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,200
    • $1.90
    •  
  • 2429 E Jackson Avenue Orange, CA 5
    • 3 beds 2 baths ∙ 1,788 Sqft ∙ Built 1960 3 beds 2 baths ∙ 1,788 Sqft ∙ Built 1960
    property image
    LEASED 03/31/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,295
    • $1.84
    •  
PROPERTY LISTING DETAILS
Robert Casas
Trusted Realty Group
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: OC20239727
Last Updated: 11/21/2020
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