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1322 W Valley View Drive Fullerton, CA 92833

3 Beds 1 Baths 1,909 sqft Built 1962

$879,900

List Price

$3,080

$2.8K - $3.3K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 19, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1962
  • Price/Sqft : $460.92
  • 3 Days on Market
  • MLS # : TR21057697
  • Updated Date : 03/19/2021 at 09:14
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,909 sqft
  • Baths : 1 full
Listing Agent

Homecoin.com

Listing Agent's Description

Rare gem in Fullerton! You won't find a house like this anywhere. Located in a peaceful established neighborhood, within walking distance to Fern Drive Elementary School, Parks Junior High School, and the top-rated Sunny Hills High School. Huge backyard has beautiful views of the city. If you love gardening, this is the place for you- you can grow your own vegetables and fruit trees as you desire. In addition, the backyard includes two custom-built heavy duty storage sheds, a built-in swing set, and large concrete patio, perfect for barbequing, entertaining guests, or just relaxing. The first level of this house is very unique. It has a roomy two car garage (approx. 500 square feet). You can also comfortably park four additional cars in the driveway. Behind the garage is approximately 650 square feet of additional space that can be used as a workshop, gym, extra storage space...customize it as you like. On the second floor are three bedrooms, 1 and 3/4 bathrooms, a living room, den, dining room, and kitchen. Newly installed furnace, AC, and water heater. Plenty of light and fresh air in this house- large sliding glass doors and windows throughout.

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: 92833

ZipNIR Market*CityMarket2010Year20002019250k300k350k400k450k500k550k600k650k700kPrice in $230k742k

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

Zip Code: 92833

ZipNIR Market*CityMarket2010Year2000 Q22019 Q2160018002000220024002600280030003200Rent in $15703345

* 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
D. Russell Parks Junior High School Middle Regular 1,050 32 8
Sunny Hills High School High Regular 2,264 78 9

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
 

$791,910$967,890$879,900

PURCHASE PRICE

$2,772$3,388$3,080

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,080
EXPENSES Loan Payment -$3,056
Property Tax -$865
Property Insurance -$73
Property Management Fees -$151
CASH FLOW
-$1,066

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.

$879,900

PROJECTED PRICE

$3,080

PROJECTED RENT

0.35%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.24%
Appreciation Year (1-5) 5.4%
Maintenance Year (1-5) 8.00%
Vacancy 5.38%
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$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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$238,924

INVESTMENT

$238,924

Down Payment
$219,975
Rehab Estimate
$5,750
Closing Costs
$13,199

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$3,056

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $219,975
Loan Amount $659,925
See What Happens When You Reinvest Cash Flow

0.42

YEARS SAVED

$1,025

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,080

    LIST RENT
  • $1.61

    LIST RENT PER SQFT
  • $3,131

    COMP ESTIMATED VALUE
  • $1.64

    COMP AVG. RENT PER SQFT
Comps Range
$2,800
1$2,8002$2,9003$3,0804$3,1005$3,700
$3,700
RENT COMPS ANALYSIS
  • 1322 W Valley View Drive Fullerton, CA 3
    • 3 beds 1 baths ∙ 1,909 Sqft ∙ Built 1962 3 beds 1 baths ∙ 1,909 Sqft ∙ Built 1962
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $3,080
    • $1.61
    •  
  • 2206 Carol Drive Fullerton, CA 1
    • 4 beds 2 baths ∙ 1,702 Sqft ∙ Built 1955 4 beds 2 baths ∙ 1,702 Sqft ∙ Built 1955
    property image
    LEASED 11/10/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,800
    • $1.65
    •  
  • 1229 Crestview Drive Fullerton, CA 2
    • 3 beds 3 baths ∙ 1,838 Sqft ∙ Built 1953 3 beds 3 baths ∙ 1,838 Sqft ∙ Built 1953
    property image
    LEASED 07/09/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,900
    • $1.58
    •  
  • 1928 Celeste Lane Fullerton, CA 4
    • 3 beds 2 baths ∙ 2,031 Sqft ∙ Built 1968 3 beds 2 baths ∙ 2,031 Sqft ∙ Built 1968
    property image
    LEASED 12/06/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,100
    • $1.53
    •  
  • 1355 Avolencia Drive Fullerton, CA 5
    • 4 beds 2 baths ∙ 2,054 Sqft ∙ Built 1968 4 beds 2 baths ∙ 2,054 Sqft ∙ Built 1968
    property image
    LEASED 01/19/21
    • Rent
    • Rent Per SQFT
    •  
    • $3,700
    • $1.80
    •  
PROPERTY LISTING DETAILS
Jonathan Minerick
Homecoin.com
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: TR21057697
Last Updated: 03/19/2021
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