Los Angeles

Area: Anaheim

Overview:

Population 12,488,000

Market Report - Los Angeles:

In September 2022, Los Angeles home prices were up 3.3% compared to last year, selling for a median price of $950K. On average, homes in Los Angeles sell after 47 days on the market.

Market Report - Anaheim:

In September 2022, Anaheim home prices were up 4.7% compared to last year, selling for a median price of $813K. On average, homes in Anaheim sell after 39 days on the market.

Tourism Report:

There are over 160,000 jobs in the Orange County tourism industry. The Disneyland Resort, a portion of the Anaheim Resort District, generates $8.5 billion in economic activity for the region. 100+ businesses in the Anaheim Resort More than 60% of the City's General Fund budget revenue comes from the revenue of the Anaheim Resort District, an area that is just 5% of Anaheim's land. $194,800,000 for the Anaheim City budget Over 25 million people visit the Anaheim Resort District each year, spending their tourism dollars in Anaheim, and stimulating the local economy. 10%-20%

The Anaheim Resort District is one of Orange County's major economic engines, including OC's largest employer, the Disneyland Resort. $8,500,000,000 for the local economy Over 100 businesses are located in the Anaheim Resort District. 60% of the Anaheim City General Fund Pre-pandemic, the Anaheim Resort District produced $194.8 million in tax revenue for the City of Anaheim and cost $105.5 million in Anaheim tax uses, thereby generating net $89.3 million net revenue for the City of Anaheim. 25,000,000 annual visitors With the economic activity and tax revenue from the Anaheim Resort District, Anaheim residents pay 10%-20% lower water rates than other places in Orange County.

Short-Term Rental Report - Anaheim:

Average Daily Rate: $313

Feb: $298

Jul: $340

The Average Daily Rate (ADR) is the average booked nightly rate + cleaning fees for all booked days over the last year. Occupancy Rate 84%

January: 71%

July: 93%

The number of booked days is divided by the total number of days available for rent over the past 12 months. Properties with no reservations are excluded. This Occupancy Rate figure represents the median over the past 12 months.

Revenue

The average revenue is $5,600

January: $4,700

July: $7,100

Property Demographic

We are looking to purchase a 2 bedroom/2 bathroom unit, prices for this type of asset are valued between $500,000/$600,000

Yield: 9 - 11%