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824 S Dune Street Anaheim, CA 92806

4 Beds 2 Baths 1,771 sqft Built 1962

$750,000

List Price

$2,830

$2.6K - $3.1K

Rent Est.

PROPERTY INFO

December 22, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1962
  • Price/Sqft : $423.49
  • 7 Days on Market
  • MLS # : PW20261078
  • Updated Date : 12/22/2020 at 10:39
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,771 sqft
  • Baths : 2 full
Listing Agent

Empire Realty Team

Listing Agent's Description

Come take a look at this beautifully well kept home in the Northeast area of Anaheim. This 4 bedroom 2 bath home was recently updated about 2 years ago and has been kept in great condition. The 1,771 sq ft open floor plan provides a very spacious set up that will be great for the post COVID family gatherings. As you enter the home you will be directly located in the formal living room which features a cozy set up with the fireplace. As you walk further past the living room you will enter the dining room which is directly located next to the open kitchen. You will also notice on your right hand side there will be a hallway entrance where the bedrooms are located. Walking further towards the back of the home you have a great big family area which gives you direct access to big backyard and pool. Bonus Features of this home includes the corner lot which serves well for when when parking is needed and provides that extra sq footage in lot size. The seller has also started the process and has nearly completed all permits to add an additional 2 bedroom 1 bath on top of the garage. All completed permits will be included in the sale which have summed up to nearly 15k. Last but not least this home is located near numerous shopping centers, restaurants and several points of interest which are all extremely accessible from the 57 freeway which is a 1 minute drive up the street!

SEE MORE

MARKET HIGHLIGHTS

  • 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.
  • Southern California area contributes to 55.3% of California state economy i.e. Gross State Product (USMayors.org, 2018)

PRICE & RENT TRENDS

Neighborhood: East Anaheim

NeighborhoodNIR Market*CityMarket2010Year20002019250k300k350k400k450k500k550k600k650k700kPrice in $212k742k

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

Neighborhood: East Anaheim

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
Juarez Elementary School Primary Regular 730 25 3
Juarez Elementary School Middle Regular 730 25 3
Katella High School High Regular 2,692 92 4

Juarez Elementary School

  • Education Level: Primary
  • # of students: 730
  • # of teachers: 25
3
GreatSchools Rating

Juarez Elementary School

  • Education Level: Middle
  • # of students: 730
  • # of teachers: 25
3
GreatSchools Rating

Katella High School

  • Education Level: High
  • # of students: 2,692
  • # of teachers: 92
4
GreatSchools Rating
 

$675,000$825,000$750,000

PURCHASE PRICE

$2,547$3,113$2,830

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,830
EXPENSES Loan Payment -$2,767
Property Tax -$771
Property Insurance -$70
Property Management Fees -$139
CASH FLOW
-$917

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.

$750,000

PROJECTED PRICE

$2,830

PROJECTED RENT

0.38%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.42%
Appreciation Year (1-5) 7.1%
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

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$204,500

INVESTMENT

$204,500

Down Payment
$187,500
Rehab Estimate
$5,750
Closing Costs
$11,250

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 65% 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 $187,500
Loan Amount $562,500
See What Happens When You Reinvest Cash Flow

0.75

YEARS SAVED

$3,028

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,830

    LIST RENT
  • $1.6

    LIST RENT PER SQFT
  • $3,086

    COMP ESTIMATED VALUE
  • $1.74

    COMP AVG. RENT PER SQFT
Comps Range
$2,830
1$2,8302$2,8503$2,9004$3,0005$3,350
$3,350
RENT COMPS ANALYSIS
  • 824 S Dune Street Anaheim, CA 1
    • 4 beds 2 baths ∙ 1,771 Sqft ∙ Built 1962 4 beds 2 baths ∙ 1,771 Sqft ∙ Built 1962
    • Rent
    • Rent Per SQFT
    •  
    • $2,830
    • $1.60
    •  
  • 2229 E Vermont Avenue Anaheim, CA 2
    • 4 beds 2 baths ∙ 1,803 Sqft ∙ Built 1972 4 beds 2 baths ∙ 1,803 Sqft ∙ Built 1972
    LEASED 02/13/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,850
    • $1.58
    •  
  • 2708 E Lizbeth Avenue Anaheim, CA 3
    • 3 beds 2 baths ∙ 1,574 Sqft ∙ Built 1962 3 beds 2 baths ∙ 1,574 Sqft ∙ Built 1962
    LEASED 12/08/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,900
    • $1.84
    •  
  • 879 S Wayside Street Anaheim, CA 4
    • 4 beds 1 baths ∙ 1,639 Sqft ∙ Built 1959 4 beds 1 baths ∙ 1,639 Sqft ∙ Built 1959
    LEASED 11/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,000
    • $1.83
    •  
  • 2530 E Elsiena Way Anaheim, CA 5
    • 4 beds 3 baths ∙ 1,943 Sqft ∙ Built 1974 4 beds 3 baths ∙ 1,943 Sqft ∙ Built 1974
    LEASED 06/05/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,350
    • $1.72
    •  
PROPERTY LISTING DETAILS
Eddie Villalobos
Empire Realty Team
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: PW20261078
Last Updated: 12/22/2020
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