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7552 E Paseo Laredo Anaheim, CA 92808

4 Beds 3 Baths 2,232 sqft Built 1976

$850,000

List Price

$3,480

$3.2K - $3.7K

Rent Est.

PROPERTY INFO

November 21, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1976
  • Price/Sqft : $380.82
  • 2 Days on Market
  • MLS # : OC20244381
  • Updated Date : 11/21/2020 at 11:36
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,232 sqft
  • Baths : 3 full
Listing Agent

Regency Real Estate Brokers

Listing Agent's Description

CHARMING 4-BDRM POOL HOME WITH VAULTED CEILINGS & A 3-CAR GARAGE IN LOVELY NEIGHBORHOOD, ON A CUL DE SAC IN EAST ANAHEIM. A downstairs bed & bath make this the perfect home! A formal living room w cozy fireplace, a formal dining room, a galley kitchen, and cozy family room round out the downstairs. There are large windows almost the entire back wall of the home, making it easy to gaze out at the relaxing backyard and POOL. French-doors off the family room, lead to an adorable covered sitting area for relaxing and enjoying the outdoors. Upstairs, you'll find a large master bedroom w master bath attached. There are 2 more spacious secondary bedrooms and an addl bathroom. The 3-car driveway has additional space on the side for trailer parking. This home is waiting for you to come and put your signature on it, and update it in the style you want. It sits in a close-knit neighborhood, and is wonderfully located close to shops, restaurants, and freeways.

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
 

$765,000$935,000$850,000

PURCHASE PRICE

$3,132$3,828$3,480

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,480
EXPENSES Loan Payment -$3,136
Property Tax -$821
Property Insurance -$81
Property Management Fees -$171
CASH FLOW
-$728

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.

$850,000

PROJECTED PRICE

$3,480

PROJECTED RENT

0.41%

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$20k

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$231,000

INVESTMENT

$231,000

Down Payment
$212,500
Rehab Estimate
$5,750
Closing Costs
$12,750

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 60% down payment or higher enables the proceeds from the asset to cover all costs.

$3,136

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $212,500
Loan Amount $637,500
See What Happens When You Reinvest Cash Flow

1.67

YEARS SAVED

$10,767

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,480

    LIST RENT
  • $1.56

    LIST RENT PER SQFT
  • $3,454

    COMP ESTIMATED VALUE
  • $1.55

    COMP AVG. RENT PER SQFT
Comps Range
$3,400
1$3,4002$3,4003$3,4804$3,5005$3,600
$3,600
RENT COMPS ANALYSIS
  • 7552 E Paseo Laredo Anaheim, CA 3
    • 4 beds 3 baths ∙ 2,232 Sqft ∙ Built 1976 4 beds 3 baths ∙ 2,232 Sqft ∙ Built 1976
    • Rent
    • Rent Per SQFT
    •  
    • $3,480
    • $1.56
    •  
  • 301 S Old Bridge Road Anaheim Hills, CA 1
    • 3 beds 2 baths ∙ 2,218 Sqft ∙ Built 1979 3 beds 2 baths ∙ 2,218 Sqft ∙ Built 1979
    LEASED 04/03/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,400
    • $1.53
    •  
  • 7675 E Camino Tampico Anaheim Hills, CA 2
    • 4 beds 3 baths ∙ 2,279 Sqft ∙ Built 1976 4 beds 3 baths ∙ 2,279 Sqft ∙ Built 1976
    LEASED 10/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,400
    • $1.49
    •  
  • 183 N Paseo Rio Blanco Anaheim Hills, CA 4
    • 4 beds 3 baths ∙ 2,226 Sqft ∙ Built 1975 4 beds 3 baths ∙ 2,226 Sqft ∙ Built 1975
    LEASED 08/23/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,500
    • $1.57
    •  
  • 7990 E Bauer Road Anaheim Hills, CA 5
    • 4 beds 3 baths ∙ 2,248 Sqft ∙ Built 1985 4 beds 3 baths ∙ 2,248 Sqft ∙ Built 1985
    LEASED 02/16/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,600
    • $1.60
    •  
PROPERTY LISTING DETAILS
Marisa Whitaker
Regency Real Estate Brokers
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: OC20244381
Last Updated: 11/21/2020
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