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1468 Fullerton Road Rowland Heights, CA 91748

3 Beds 1 Baths 1,014 sqft Built 1959

$568,000

List Price

$2,200

$2K - $2.4K

Rent Est.

PROPERTY INFO

January 02, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1959
  • Price/Sqft : $560.16
  • 3 Days on Market
  • MLS # : WS21000058
  • Updated Date : 01/01/2021 at 10:59
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,014 sqft
  • Baths : 1 full
Listing Agent

Pinnacle Real Estate Group

Listing Agent's Description

First time for homebuyer and Investors: This absolutely gorgeous single story home is conveniently located in nice desirable area of Rowland Heights. Home has been remodeled: updated Electricity wires, water pipes and plumbing, new kitchen, new floor, new bathroom... 3 Beds and one full baths, unpermit one 150sqft storage room can be workshop, office or game room. Huge backyard potential to building ADU or RV parking. This property is centrally located near schools, shopping, and freeway!

SEE MORE

MARKET HIGHLIGHTS

  • 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 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)
  • 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]
  • As part of Southern California area, Los Angeles 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)
  • Southern California's economy is worth $1.58 trillion in Gross Metro Product and projected to grow to $1.67 trillion (USMayors.org, 2018)

PRICE & RENT TRENDS

Neighborhood: Rowland Heights

NeighborhoodNIR Market*CityMarket2010Year20002019200k250k300k350k400k450k500k550k600k650kPrice in $187k690k

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

Neighborhood: Rowland Heights

NeighborhoodNIR Market*CityMarket2010Year2000 Q42019 Q216001700180019002000210022002300240025002600270028002900Rent in $15582941

* 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
Jellick Elementary School Primary Regular 440 20 4
Alvarado Intermediate School Middle Regular 750 30 7
John A. Rowland High School High Regular 2,329 87 8

Jellick Elementary School

  • Education Level: Primary
  • # of students: 440
  • # of teachers: 20
4
GreatSchools Rating

Alvarado Intermediate School

  • Education Level: Middle
  • # of students: 750
  • # of teachers: 30
7
GreatSchools Rating

John A. Rowland High School

  • Education Level: High
  • # of students: 2,329
  • # of teachers: 87
8
GreatSchools Rating
 

$511,200$624,800$568,000

PURCHASE PRICE

$1,980$2,420$2,200

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,200
EXPENSES Loan Payment -$2,096
Property Tax -$602
Property Insurance -$52
Property Management Fees -$108
CASH FLOW
-$658

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.

$568,000

PROJECTED PRICE

$2,200

PROJECTED RENT

0.39%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.48%
Appreciation Year (1-5) 5.0%
Maintenance Year (1-5) 8.00%
Vacancy 4.69%
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$1.6M

PROJECTED ANNUAL CASH FLOW

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M$1.6M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$156,270

INVESTMENT

$156,270

Down Payment
$142,000
Rehab Estimate
$5,750
Closing Costs
$8,520

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,096

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $142,000
Loan Amount $426,000
See What Happens When You Reinvest Cash Flow

1.08

YEARS SAVED

$3,081

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,200

    LIST RENT
  • $2.17

    LIST RENT PER SQFT
  • $1,914

    COMP ESTIMATED VALUE
  • $1.89

    COMP AVG. RENT PER SQFT
Comps Range
$2,200
1$2,2002$2,2503$2,2954$2,3505$2,400
$2,400
RENT COMPS ANALYSIS
  • 1468 Fullerton Road Rowland Heights, CA 1
    • 3 beds 1 baths ∙ 1,014 Sqft ∙ Built 1959 3 beds 1 baths ∙ 1,014 Sqft ∙ Built 1959
    • Rent
    • Rent Per SQFT
    •  
    • $2,200
    • $2.17
    •  
  • 1445 Jellick Avenue Rowland Heights, CA 2
    • 3 beds 2 baths ∙ 1,200 Sqft ∙ Built 1977 3 beds 2 baths ∙ 1,200 Sqft ∙ Built 1977
    LEASED 09/24/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,250
    • $1.88
    •  
  • 2037 Paso Real Avenue Rowland Heights, CA 3
    • 3 beds 2 baths ∙ 1,205 Sqft ∙ Built 1963 3 beds 2 baths ∙ 1,205 Sqft ∙ Built 1963
    LEASED 12/09/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,295
    • $1.90
    •  
  • 2020 Sarah Court West Covina, CA 4
    • 3 beds 2 baths ∙ 1,230 Sqft ∙ Built 1977 3 beds 2 baths ∙ 1,230 Sqft ∙ Built 1977
    LEASED 07/31/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,350
    • $1.91
    •  
  • 19555 Cronin Drive Rowland Heights, CA 5
    • 4 beds 2 baths ∙ 1,288 Sqft ∙ Built 1971 4 beds 2 baths ∙ 1,288 Sqft ∙ Built 1971
    LEASED 11/09/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,400
    • $1.86
    •  
PROPERTY LISTING DETAILS
C. J. Duan
Pinnacle Real Estate Group
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: WS21000058
Last Updated: 01/01/2021
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