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

700 S Yana Drive Anaheim, CA 92804

4 Beds 4 Baths 2,364 sqft Built 1956

$1,050,000

List Price

$3,470

$3.2K - $3.7K

Rent Est.

PROPERTY INFO

January 17, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1956
  • Price/Sqft : $444.16
  • 2 Days on Market
  • MLS # : OC21010188
  • Updated Date : 01/16/2021 at 20:28
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,364 sqft
  • Baths : 4 full
Listing Agent

Advance Estate Realty

Listing Agent's Description

DESCRIPTION Located in the heart of Anehem awaits this spacious immaculate 4 bedrooms 4 baths starting with nice kitchen include granite countertop and stainless steel appliances. Master bedroom has walk-in closet and bathroom has jaccuzi tub. Stepping out to the cozy patio with nice outdoor furniture leading to pool are with jaccuzi with remote control sure to please the entertainers. Property has big lot ( nicely landscape )which is rare in this market. Solar panel are paid for. This home is close to Disneyland, Anaheim Convention center, shopping, dining and freeways. Last but not least this property is completely furnished, and fully operation short term rental license. Please bring your clients to the house that has it all!!!

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: West Anaheim

NeighborhoodNIR Market*CityMarket2010Year20002019250k300k350k400k450k500k550k600k650k700kPrice in $212k742k

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

Neighborhood: West Anaheim

NeighborhoodNIR Market*CityMarket2010Year2000 Q22019 Q2160018002000220024002600280030003200Rent in $15413345

* 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
Mattie Lou Maxwell Elementary School Primary Regular 822 31 5
Mattie Lou Maxwell Elementary School Middle Regular 822 31 5
Magnolia High School High Regular 1,813 73 3

Mattie Lou Maxwell Elementary School

  • Education Level: Primary
  • # of students: 822
  • # of teachers: 31
5
GreatSchools Rating

Mattie Lou Maxwell Elementary School

  • Education Level: Middle
  • # of students: 822
  • # of teachers: 31
5
GreatSchools Rating

Magnolia High School

  • Education Level: High
  • # of students: 1,813
  • # of teachers: 73
3
GreatSchools Rating
 

$945,000$1,155,000$1,050,000

PURCHASE PRICE

$3,123$3,817$3,470

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,470
EXPENSES Loan Payment -$3,647
Property Tax -$1,039
Property Insurance -$84
Property Management Fees -$170
CASH FLOW
-$1,470

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.

$1,050,000

PROJECTED PRICE

$3,470

PROJECTED RENT

0.33%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.42%
Appreciation Year (1-5) 6.9%
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-$25k-$20k-$15k-$10k-$5.0k$0.0$5.0k$10k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$500k$1.0M$1.5M$2.0M$2.5M$3.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$284,000

INVESTMENT

$284,000

Down Payment
$262,500
Rehab Estimate
$5,750
Closing Costs
$15,750

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 70% down payment or higher enables the proceeds from the asset to cover all costs.

$3,647

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $262,500
Loan Amount $787,500
See What Happens When You Reinvest Cash Flow

0.25

YEARS SAVED

$374

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,470

    LIST RENT
  • $1.47

    LIST RENT PER SQFT
  • $4,019

    COMP ESTIMATED VALUE
  • $1.7

    COMP AVG. RENT PER SQFT
Comps Range
$3,350
1$3,3502$3,4703$3,995
$3,995
RENT COMPS ANALYSIS
  • 700 S Yana Drive Anaheim, CA 2
    • 4 beds 4 baths ∙ 2,364 Sqft ∙ Built 1956 4 beds 4 baths ∙ 2,364 Sqft ∙ Built 1956
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $3,470
    • $1.47
    •  
  • 2867 W Bridgeport Avenue Anaheim, CA 1
    • 4 beds 3 baths ∙ 2,034 Sqft ∙ Built 1955 4 beds 3 baths ∙ 2,034 Sqft ∙ Built 1955
    property image
    LEASED 12/29/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,350
    • $1.65
    •  
  • 612 S Gaymont Street Anaheim, CA 3
    • 5 beds 4 baths ∙ 2,289 Sqft ∙ Built 1964 5 beds 4 baths ∙ 2,289 Sqft ∙ Built 1964
    property image
    LEASED 10/13/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,995
    • $1.75
    •  
PROPERTY LISTING DETAILS
Trang Dang
Advance Estate Realty
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: OC21010188
Last Updated: 01/16/2021
BESbswy