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1030 Laguna Terrace Fullerton, CA 92835

4 Beds 3 Baths 2,326 sqft Built 1978

$844,888

List Price

$3,500

$3.3K - $3.8K

Rent Est.

PROPERTY INFO

November 21, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1978
  • Price/Sqft : $363.24
  • 2 Days on Market
  • MLS # : CV20240247
  • Updated Date : 11/21/2020 at 07:24
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,326 sqft
  • Baths : 3 full
Listing Agent

Century 21 Primetime Realtors

Listing Agent's Description

Welcome to Fullerton! This 4 bed 3 bath 2 car garage on a cul-de-sac with just over 2300 sq ft of living space is perfect for a growing family.1 bedroom and full bath downstairs. Property has block walls all around and a variety of fruit trees. Master bedroom has enclosed balcony. Community pool is right across the street. Check out the 3-D tour. Seller has no contingencies and is available now. Schedule your viewing appointment today!

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

Zip Code: 92835

ZipNIR Market*CityMarket2010Year20002019250k300k350k400k450k500k550k600k650k700k750k800k850k900kPrice in $249k922k

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

Zip Code: 92835

ZipNIR Market*CityMarket2010Year2000 Q22019 Q218002000220024002600280030003200340036003800Rent in $16393818

* 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
Sunset Lane Elementary School Primary Regular 793 26 8
D. Russell Parks Junior High School Middle Regular 1,050 32 8
Sunny Hills High School High Regular 2,264 78 9

Sunset Lane Elementary School

  • Education Level: Primary
  • # of students: 793
  • # of teachers: 26
8
GreatSchools Rating

D. Russell Parks Junior High School

  • Education Level: Middle
  • # of students: 1,050
  • # of teachers: 32
8
GreatSchools Rating

Sunny Hills High School

  • Education Level: High
  • # of students: 2,264
  • # of teachers: 78
9
GreatSchools Rating
 

$760,399$929,377$844,888

PURCHASE PRICE

$3,150$3,850$3,500

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,500
EXPENSES Loan Payment -$3,117
Property Tax -$831
Property Insurance -$83
HOA -$130
Property Management Fees -$172
CASH FLOW
-$833

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.

$844,888

PROJECTED PRICE

$3,500

PROJECTED RENT

0.41%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.08%
Appreciation Year (1-5) 5.2%
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$229,645

INVESTMENT

$229,645

Down Payment
$211,222
Rehab Estimate
$5,750
Closing Costs
$12,673

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$3,117

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $211,222
Loan Amount $633,666
See What Happens When You Reinvest Cash Flow

1.25

YEARS SAVED

$5,712

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,500

    LIST RENT
  • $1.5

    LIST RENT PER SQFT
  • $3,786

    COMP ESTIMATED VALUE
  • $1.63

    COMP AVG. RENT PER SQFT
Comps Range
$3,300
1$3,3002$3,4003$3,5004$3,8505$4,000
$4,000
RENT COMPS ANALYSIS
  • 1030 Laguna Terrace Fullerton, CA 3
    • 4 beds 3 baths ∙ 2,326 Sqft ∙ Built 1978 4 beds 3 baths ∙ 2,326 Sqft ∙ Built 1978
    • Rent
    • Rent Per SQFT
    •  
    • $3,500
    • $1.50
    •  
  • 1040 Verona Drive Fullerton, CA 1
    • 5 beds 3 baths ∙ 2,123 Sqft ∙ Built 1965 5 beds 3 baths ∙ 2,123 Sqft ∙ Built 1965
    LEASED 02/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,300
    • $1.55
    •  
  • 2124 Via Caliente Fullerton, CA 2
    • 3 beds 2 baths ∙ 2,182 Sqft ∙ Built 1968 3 beds 2 baths ∙ 2,182 Sqft ∙ Built 1968
    LEASED 07/21/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,400
    • $1.56
    •  
  • 2200 Heritage Way Fullerton, CA 4
    • 4 beds 3 baths ∙ 2,293 Sqft ∙ Built 1980 4 beds 3 baths ∙ 2,293 Sqft ∙ Built 1980
    LEASED 09/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,850
    • $1.68
    •  
  • 320 W Country Hills Drive La Habra, CA 5
    • 4 beds 3 baths ∙ 2,320 Sqft ∙ Built 1966 4 beds 3 baths ∙ 2,320 Sqft ∙ Built 1966
    LEASED 10/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $4,000
    • $1.72
    •  
PROPERTY LISTING DETAILS
Ruben Lopez
Century 21 Primetime Realtors
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: CV20240247
Last Updated: 11/21/2020
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