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10601 El Campo Avenue Fountain Valley, CA 92708

4 Beds 2 Baths 1,570 sqft Built 1971

INVESTimate

$859,000

List Price

$3,070

$2,820 - $3,320

Rent Est.

$907,619  ( +5.66%)   1 YR EST. FORECAST

PROPERTY INFO

August 22, 2020 RECENTLY ADDED
FACTS
  • Built In 1971
  • Price/Sqft : $547.13
  • 6 Days on Market
  • MLS # : OC20169491
  • Updated Date : 08/21/2020 at 18:35
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,570 sqft
  • Baths : 2 full
Listing Agent

Seven Gables Real Estate

Listing Agent's Description

Welcome to Green Valley, a close-knit community where friendly neighbors gather at the 3 pools, & cheer each other at the swim meets. Kids ride their bikes & joggers get their fitness on. Picnics are held on the 23 acres of greenbelt. Residents hold parades to congratulate the graduates & parties are hosted at the clubhouse. Award-winning Cox Elementary & Masuda Middle Schools are here too. This is the 2020 version of Leave it to Beaver & it exists in the center of Fountain Valley. The desirability factor is further heightened when you arrive at this corner residence. The private entrance is set back opposite the garden walk-way. Enter & feel the enhanced sense of space w/soaring ceilings, & walls of glass that blur the lines between indoor & outdoor living. Living room fireplace w/custom designed mantle & surround. The remodeled kitchen features a dining nook, granite counter tops, custom back splash, SS refrigerator, convection microwave, gas range w/grill, pantry w/pull out shelving & a breakfast bar. The 4th bedroom is currently used as an office. Crown moldings, ring door bell, & two master-size bedrooms, one w/bath, spa tub & walk-in closet, central AC, interior laundry, add value. Secondary bedrooms are separated by a remodeled hall bath w/walk-in shower. Close your eyes, feel a breeze, and envision a private backyard w/fruit trees, a patio w/retractable awning & a lovely shade tree. Now open your eyes and behold your vision. Welcome home.

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 area contributes to 55.3% of California state economy i.e. Gross State Product (USMayors.org, 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)
  • As part of Southern California area, Orange County market inherits all the benefits from the area.
  • 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)

PRICE & RENT TRENDS

Neighborhood: Fountain Valley

NeighborhoodNIR Market*CityMarket2010Year20002019250k300k350k400k450k500k550k600k650k700k750k800kPrice in $243k816k

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

Neighborhood: Fountain Valley

NeighborhoodNIR Market*CityMarket2010Year2000 Q22019 Q2180020002200240026002800300032003400Rent in $17723435

* 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
James H. Cox Elementary School Primary Regular 744 26 9
Kazuo Masuda Middle School Middle Regular 778 31 9
Fountain Valley High School High Regular 3,704 127 9

James H. Cox Elementary School

  • Education Level: Primary
  • # of students: 744
  • # of teachers: 26
9
GreatSchools Rating

Kazuo Masuda Middle School

  • Education Level: Middle
  • # of students: 778
  • # of teachers: 31
9
GreatSchools Rating

Fountain Valley High School

  • Education Level: High
  • # of students: 3,704
  • # of teachers: 127
9
GreatSchools Rating
 

$773,100$944,900$859,000

PURCHASE PRICE

$2,763$3,377$3,070

RENT

DOWN PAYMENT
FINANCING

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$500k$1.0M$1.5M$2.0M$2.5M

PROJECTED ANNUAL CASH FLOW

11530-$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

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,070
EXPENSES Loan Payment -$3,169
Property Tax -$845
Property Insurance -$65
HOA -$70
Property Management Fees -$150
CASH FLOW
-$1,230

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 13% of earned rent to cover both maintenance and periods of vacancy.

$859,000

PROJECTED PRICE

$3,070

PROJECTED RENT

0.36%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.24%
Appreciation Year (1-5) 5.66%
Maintenance Year (1-5) 8.00%
Vacancy 5.38%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$233,385

INVESTMENT

$233,385

Down Payment
$214,750
Rehab Estimate
$5,750
Closing Costs
$12,885

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$3,169

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $214,750
Loan Amount $644,250
See What Happens When You Reinvest Cash Flow

0.25

YEARS SAVED

$337

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,070

    LIST RENT
  • $1.96

    LIST RENT PER SQFT
  • $3,077

    COMP ESTIMATED VALUE
  • $1.96

    COMP AVG. RENT PER SQFT
Comps Range
$2,895
1$2,8952$2,9003$3,0704$3,1005$3,200
$3,200
RENT COMPS ANALYSIS
  • 10601 El Campo Avenue Fountain Valley, 3
    • 4 beds 2 baths ∙ 1,570 Sqft ∙ Built 1971 4 beds 2 baths ∙ 1,570 Sqft ∙ Built 1971
    • Rent
    • Rent Per SQFT
    •  
    • $3,070
    • $1.96
    •  
  • 18134 Sand Dunes Court Fountain Valley, 1
    • 3 beds 3 baths ∙ 1,536 Sqft ∙ Built 1973 3 beds 3 baths ∙ 1,536 Sqft ∙ Built 1973
    LEASED 05/27/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,895
    • $1.88
    •  
  • 17183 Staedler Street Fountain Valley, 2
    • 3 beds 2 baths ∙ 1,455 Sqft ∙ Built 1971 3 beds 2 baths ∙ 1,455 Sqft ∙ Built 1971
    LEASED 07/29/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,900
    • $1.99
    •  
  • 10920 San Leon Avenue Fountain Valley, 4
    • 3 beds 2 baths ∙ 1,520 Sqft ∙ Built 1973 3 beds 2 baths ∙ 1,520 Sqft ∙ Built 1973
    LEASED 06/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,100
    • $2.04
    •  
  • 17665 San Francisco Street Fountain Valley, 5
    • 3 beds 3 baths ∙ 1,657 Sqft ∙ Built 1967 3 beds 3 baths ∙ 1,657 Sqft ∙ Built 1967
    LEASED 07/24/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,200
    • $1.93
    •  
PROPERTY LISTING DETAILS
Susan Saurastri
Seven Gables Real Estate
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: OC20169491
Last Updated: 08/21/2020
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