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1435 Concord Avenue Fullerton, CA 92831

4 Beds 2 Baths 1,874 sqft Built 1972

$850,000

List Price

$3,420

$3.2K - $3.7K

Rent Est.

PROPERTY INFO

December 16, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1972
  • Price/Sqft : $453.58
  • 6 Days on Market
  • MLS # : OC20253675
  • Updated Date : 12/15/2020 at 17:46
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,874 sqft
  • Baths : 2 full
Listing Agent

Newport Equity Capital Corp.

Listing Agent's Description

Master bathroom remodeled. Interior and exterior of home have been painted. New carpet has been installed throughout. Great proximity to Troy High School and Cal State Fullerton.

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: 92831

ZipNIR Market*CityMarket2010Year20002019250k300k350k400k450k500k550k600k650k700kPrice in $243k742k

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

Zip Code: 92831

ZipNIR Market*CityMarket2010Year2000 Q22019 Q218002000220024002600280030003200Rent in $16253345

* 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
Acacia Elementary School Primary Regular 723 22 10
Acacia Elementary School Middle Regular 723 22 10
Troy High School High Magnet 2,764 102 10

Acacia Elementary School

  • Education Level: Primary
  • # of students: 723
  • # of teachers: 22
10
GreatSchools Rating

Acacia Elementary School

  • Education Level: Middle
  • # of students: 723
  • # of teachers: 22
10
GreatSchools Rating

Troy High School

  • Education Level: High
  • # of students: 2,764
  • # of teachers: 102
10
GreatSchools Rating
 

$765,000$935,000$850,000

PURCHASE PRICE

$3,078$3,762$3,420

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,420
EXPENSES Loan Payment -$3,136
Property Tax -$822
Property Insurance -$72
Property Management Fees -$168
CASH FLOW
-$778

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.

$850,000

PROJECTED PRICE

$3,420

PROJECTED RENT

0.40%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.24%
Appreciation Year (1-5) 6.0%
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-$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$2.5M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$231,000

INVESTMENT

$231,000

Down Payment
$212,500
Rehab Estimate
$5,750
Closing Costs
$12,750

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 60% down payment or higher enables the proceeds from the asset to cover all costs.

$3,136

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $212,500
Loan Amount $637,500
See What Happens When You Reinvest Cash Flow

1.67

YEARS SAVED

$10,549

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,420

    LIST RENT
  • $1.82

    LIST RENT PER SQFT
  • $3,406

    COMP ESTIMATED VALUE
  • $1.82

    COMP AVG. RENT PER SQFT
Comps Range
$3,165
1$3,1652$3,3003$3,4004$3,4205$3,600
$3,600
RENT COMPS ANALYSIS
  • 1435 Concord Avenue Fullerton, CA 4
    • 4 beds 2 baths ∙ 1,874 Sqft ∙ Built 1972 4 beds 2 baths ∙ 1,874 Sqft ∙ Built 1972
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $3,420
    • $1.82
    •  
  • 2489 E Commonwealth Avenue Fullerton, CA 1
    • 4 beds 2 baths ∙ 1,795 Sqft ∙ Built 1954 4 beds 2 baths ∙ 1,795 Sqft ∙ Built 1954
    property image
    LEASED 07/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,165
    • $1.76
    •  
  • 1233 Riedel Avenue Fullerton, CA 2
    • 4 beds 2 baths ∙ 1,910 Sqft ∙ Built 1956 4 beds 2 baths ∙ 1,910 Sqft ∙ Built 1956
    property image
    LEASED 07/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,300
    • $1.73
    •  
  • 1231 N Acacia Avenue Fullerton, CA 3
    • 4 beds 3 baths ∙ 1,736 Sqft ∙ Built 1954 4 beds 3 baths ∙ 1,736 Sqft ∙ Built 1954
    property image
    LEASED 09/25/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,400
    • $1.96
    •  
  • 2133 Mendocino Street Fullerton, CA 5
    • 3 beds 3 baths ∙ 1,974 Sqft ∙ Built 1990 3 beds 3 baths ∙ 1,974 Sqft ∙ Built 1990
    property image
    LEASED 11/16/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,600
    • $1.82
    •  
PROPERTY LISTING DETAILS
Alexander Bayus
Newport Equity Capital Corp.
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: OC20253675
Last Updated: 12/15/2020
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