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6152 E Palo Alto Drive Anaheim Hills, CA 92807

4 Beds 2 Baths 1,791 sqft Built 1974

$835,000

List Price

$3,090

$2.8K - $3.3K

Rent Est.

PROPERTY INFO

February 11, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1974
  • Price/Sqft : $466.22
  • 5 Days on Market
  • MLS # : PW21026299
  • Updated Date : 02/12/2021 at 13:23
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,791 sqft
  • Baths : 2 full
Listing Agent

Redfin Corporation

Listing Agent's Description

This beautiful single story pool home in Anaheim Hills is ready for its new owners! This beauty has light catching dual pane windows, and the vaulted ceilings adds to the elegance of the highly livable floor plan. Through the double doors to the left is a bedroom which is currently being used as an office/mudroom. The updated kitchen is well appointed with granite counters, stainless steel appliances, breakfast nook, and gorgeous views of the back yard. The sizable family room flows seamlessly from the kitchen and features a skylight and crown moldings. Within close proximity is the formal dining room and living room with a stunning fireplace. The primary bedroom is very spacious and features vaulted ceilings, ample closet space, and en-suite master bathroom. The secondary bedrooms are a generous size both have ceiling fans, and share the upgraded full hallway bathroom. Enjoy relaxing in the sprawling backyard with a sparkling pool, spacious grassy area, mature landscape and outdoor Tuff Shed. In addition, home has recently been painted, includes a new water softener, double pane windows throughout, new water heater and new water line with pex piping, a/c was recently serviced. Close to highly rated schools, great shopping and entertainment. Welcome Home!

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: 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
El Rancho Charter School Middle Charter 1,186 41 9
Canyon High School High Regular 2,338 86 9

El Rancho Charter School

  • Education Level: Middle
  • # of students: 1,186
  • # of teachers: 41
9
GreatSchools Rating

Canyon High School

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

$751,500$918,500$835,000

PURCHASE PRICE

$2,781$3,399$3,090

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,090
EXPENSES Loan Payment -$2,900
Property Tax -$807
Property Insurance -$70
Property Management Fees -$151
CASH FLOW
-$839

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.

$835,000

PROJECTED PRICE

$3,090

PROJECTED RENT

0.37%

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$227,025

INVESTMENT

$227,025

Down Payment
$208,750
Rehab Estimate
$5,750
Closing Costs
$12,525

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,900

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $208,750
Loan Amount $626,250
See What Happens When You Reinvest Cash Flow

1

YEARS SAVED

$3,324

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,090

    LIST RENT
  • $1.73

    LIST RENT PER SQFT
  • $3,045

    COMP ESTIMATED VALUE
  • $1.7

    COMP AVG. RENT PER SQFT
Comps Range
$2,700
1$2,7002$2,8503$2,8504$3,0005$3,090
$3,090
RENT COMPS ANALYSIS
  • 6152 E Palo Alto Drive Anaheim Hills, CA 5
    • 4 beds 2 baths ∙ 1,791 Sqft ∙ Built 1974 4 beds 2 baths ∙ 1,791 Sqft ∙ Built 1974
    • Rent
    • Rent Per SQFT
    •  
    • $3,090
    • $1.73
    •  
  • 6512 E Camino Vista Anaheim Hills, CA 1
    • 3 beds 3 baths ∙ 1,540 Sqft ∙ Built 1974 3 beds 3 baths ∙ 1,540 Sqft ∙ Built 1974
    LEASED 05/27/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,700
    • $1.75
    •  
  • 6401 E Nohl Ranch Road Anaheim Hills, CA 2
    • 3 beds 3 baths ∙ 1,867 Sqft ∙ Built 1976 3 beds 3 baths ∙ 1,867 Sqft ∙ Built 1976
    LEASED 08/18/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,850
    • $1.53
    •  
  • 6503 E Camino Anaheim Hills, CA 3
    • 3 beds 3 baths ∙ 1,540 Sqft ∙ Built 1976 3 beds 3 baths ∙ 1,540 Sqft ∙ Built 1976
    LEASED 06/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,850
    • $1.85
    •  
  • 6221 E Onyx Lane Anaheim Hills, CA 4
    • 3 beds 3 baths ∙ 1,793 Sqft ∙ Built 1986 3 beds 3 baths ∙ 1,793 Sqft ∙ Built 1986
    LEASED 09/12/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,000
    • $1.67
    •  
PROPERTY LISTING DETAILS
Marisol Navar
Redfin Corporation
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: PW21026299
Last Updated: 02/12/2021
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