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1425 W West Avenue Fullerton, CA 92833

4 Beds 2 Baths 1,782 sqft Built 1955

$714,999

List Price

$3,180

$2.9K - $3.4K

Rent Est.

PROPERTY INFO

February 05, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1955
  • Price/Sqft : $401.23
  • 3 Days on Market
  • MLS # : RS21024421
  • Updated Date : 02/05/2021 at 09:46
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,782 sqft
  • Baths : 2 full
Listing Agent

Excellence Re Real Estate

Listing Agent's Description

Upgraded 4 Bedroom 2 Bathroom house in a quiet neighborhood of Fullerton. This 1,785 sqft home features original wood flooring, granite countertops, 5 burner gas stove, open living room with fireplace, spacious finished family room, centralized AC and heating. Master bedroom has a huge walk-in closet. Two car attached garage has been tastefully converted by the previous owner into an additional bedroom with separate laundry area and storage space. Currently being used as a personal home gym. Long cement driveway able to fit plenty of cars and a Huge 8,103 sqft Lot! Blocks away from Cosco, Fullerton Town Center, Los Coyotes Country Club, 91/5 Fwy. Minutes away from Fullerton Community College and California State Fullerton.

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • 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.

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
Nicolas Junior High School Middle Regular 738 31 4
Sunny Hills High School High Regular 2,264 78 9

Nicolas Junior High School

  • Education Level: Middle
  • # of students: 738
  • # of teachers: 31
4
GreatSchools Rating

Sunny Hills High School

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

$643,499$786,499$714,999

PURCHASE PRICE

$2,862$3,498$3,180

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,180
EXPENSES Loan Payment -$2,483
Property Tax -$703
Property Insurance -$70
Property Management Fees -$156
CASH FLOW
-$233

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.

$714,999

PROJECTED PRICE

$3,180

PROJECTED RENT

0.44%

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

PROJECTED ANNUAL CASH FLOW

11530-$5.0k$0.0$5.0k$10k$15k$20k$25k

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$195,225

INVESTMENT

$195,225

Down Payment
$178,750
Rehab Estimate
$5,750
Closing Costs
$10,725

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 50% down payment or higher enables the proceeds from the asset to cover all costs.

$2,483

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $178,750
Loan Amount $536,249
See What Happens When You Reinvest Cash Flow

4.33

YEARS SAVED

$29,751

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,180

    LIST RENT
  • $1.78

    LIST RENT PER SQFT
  • $3,315

    COMP ESTIMATED VALUE
  • $1.86

    COMP AVG. RENT PER SQFT
Comps Range
$2,900
1$2,9002$3,0003$3,1804$3,2005$3,695
$3,695
RENT COMPS ANALYSIS
  • 1425 W West Avenue Fullerton, CA 3
    • 4 beds 2 baths ∙ 1,782 Sqft ∙ Built 1955 4 beds 2 baths ∙ 1,782 Sqft ∙ Built 1955
    • Rent
    • Rent Per SQFT
    •  
    • $3,180
    • $1.78
    •  
  • 708 S Orange Avenue Fullerton, CA 1
    • 3 beds 2 baths ∙ 1,600 Sqft ∙ Built 1955 3 beds 2 baths ∙ 1,600 Sqft ∙ Built 1955
    LEASED 09/26/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,900
    • $1.81
    •  
  • 2019 W Roberta Avenue Fullerton, CA 2
    • 3 beds 2 baths ∙ 1,712 Sqft ∙ Built 1956 3 beds 2 baths ∙ 1,712 Sqft ∙ Built 1956
    LEASED 06/04/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,000
    • $1.75
    •  
  • 537 W Knepp Avenue Fullerton, CA 4
    • 3 beds 2 baths ∙ 1,656 Sqft ∙ Built 1953 3 beds 2 baths ∙ 1,656 Sqft ∙ Built 1953
    LEASED 11/06/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,200
    • $1.93
    •  
  • 1324 W Valencia Mesa Drive Fullerton, CA 5
    • 4 beds 3 baths ∙ 1,892 Sqft ∙ Built 1963 4 beds 3 baths ∙ 1,892 Sqft ∙ Built 1963
    LEASED 11/23/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,695
    • $1.95
    •  
PROPERTY LISTING DETAILS
Francis Ribas
Excellence Re Real Estate
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: RS21024421
Last Updated: 02/05/2021
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