Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more

145 S Pritchard Avenue Fullerton, CA 92833

3 Beds 2 Baths 1,296 sqft Built 2001

$510,000

List Price

$2,290

$2.1K - $2.5K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
February 26, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2001
  • Price/Sqft : $393.52
  • 3 Days on Market
  • MLS # : PW21040152
  • Updated Date : 02/26/2021 at 09:56
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,296 sqft
  • Baths : 1 full , 1 half
Listing Agent

Century 21 Westworld Realty

Listing Agent's Description

Tremendous value for this upgraded 3 bedroom, 2 1/2 bath attached single family residence. Property is at the end of a cul-de-sac and has a gated entry. Two car garage with direct access to the house with an additional parking space next to the house. The entry is through a spacious tiled courtyard with a slate raised planter box that is very private and an ideal area for a bbq area. The house has been upgraded throughout starting with the beautiful kitchen that has granite countertops, cherry cabinets, mosaic glass tile backsplash and stainless steel appliances. The flooring throughout the residence is vinyl planking. There are also plantation shutters on the dual pane windows, crown molding and recessed lighting throughout the residence. Downstairs bathroom. Upstairs has a spacious master bedroom with an attached master bathroom that has been updated with newer cabinets, quartz countertops and Kohler surround shower. Hall bathroom has also been updated with newer vanity, granite counter, newer tub and tile shower. Upstairs also has a laundry area! The two bedrooms have an shared outside balcony. One bedroom has mirrored closets but the other room does not have a closet. Small complex with only 12 units and low association fee of $98.

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
Buena Park High School High Regular 1,940 68 5

Nicolas Junior High School

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

Buena Park High School

  • Education Level: High
  • # of students: 1,940
  • # of teachers: 68
5
GreatSchools Rating
 

$459,000$561,000$510,000

PURCHASE PRICE

$2,061$2,519$2,290

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,290
EXPENSES Loan Payment -$1,771
Property Tax -$502
Property Insurance -$58
HOA -$98
Property Management Fees -$112
CASH FLOW
-$252

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.

$510,000

PROJECTED PRICE

$2,290

PROJECTED RENT

0.45%

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$200k$400k$600k$800k$1.0M$1.2M$1.4M

PROJECTED ANNUAL CASH FLOW

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$140,900

INVESTMENT

$140,900

Down Payment
$127,500
Rehab Estimate
$5,750
Closing Costs
$7,650

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 55% down payment or higher enables the proceeds from the asset to cover all costs.

$1,771

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $127,500
Loan Amount $382,500
See What Happens When You Reinvest Cash Flow

3.25

YEARS SAVED

$13,918

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,290

    LIST RENT
  • $1.77

    LIST RENT PER SQFT
  • $2,304

    COMP ESTIMATED VALUE
  • $1.78

    COMP AVG. RENT PER SQFT
Comps Range
$2,290
1$2,2902$2,3003$2,8004$2,9005$2,900
$2,900
RENT COMPS ANALYSIS
  • 145 S Pritchard Avenue Fullerton, CA 1
    • 3 beds 2 baths ∙ 1,296 Sqft ∙ Built 2001 3 beds 2 baths ∙ 1,296 Sqft ∙ Built 2001
    • Rent
    • Rent Per SQFT
    •  
    • $2,290
    • $1.77
    •  
  • 8412 Whitaker Buena Park, CA 2
    • 3 beds 2 baths ∙ 1,311 Sqft ∙ Built 2005 3 beds 2 baths ∙ 1,311 Sqft ∙ Built 2005
    LEASED 05/21/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,300
    • $1.75
    •  
  • 30 Windward Way Buena Park, CA 3
    • 3 beds 3 baths ∙ 1,553 Sqft ∙ Built 1999 3 beds 3 baths ∙ 1,553 Sqft ∙ Built 1999
    LEASED 03/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,800
    • $1.80
    •  
  • 50 Preston Lane Buena Park, CA 4
    • 3 beds 3 baths ∙ 1,632 Sqft ∙ Built 2007 3 beds 3 baths ∙ 1,632 Sqft ∙ Built 2007
    LEASED 04/05/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,900
    • $1.78
    •  
  • 18 Travis Road Buena Park, CA 5
    • 3 beds 3 baths ∙ 1,626 Sqft ∙ Built 2006 3 beds 3 baths ∙ 1,626 Sqft ∙ Built 2006
    LEASED 02/23/21
    • Rent
    • Rent Per SQFT
    •  
    • $2,900
    • $1.78
    •  
PROPERTY LISTING DETAILS
Paul Gusiff
Century 21 Westworld Realty
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: PW21040152
Last Updated: 02/26/2021
BESbswy