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1814 W Las Lanas Lane Fullerton, CA 92833

4 Beds 3 Baths 2,088 sqft Built 1973

$962,900

List Price

$3,450

$3.2K - $3.7K

Rent Est.

PROPERTY INFO

February 05, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1973
  • Price/Sqft : $461.16
  • 4 Days on Market
  • MLS # : LG21023776
  • Updated Date : 02/04/2021 at 14:23
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,088 sqft
  • Baths : 3 full
Listing Agent

Active Realty Inc

Listing Agent's Description

Lovely 4 bedroom plus bonus room, 3 bathroom, single story home in the community of Fullerton! Enjoy an open floor plan with elegant stone tile flooring, an inviting fireplace, and vaulted ceilings. The main living area offers built-in cabinetry, view windows, and lots of natural light. The beautiful kitchen features quartz countertops, a large center island, stainless steel appliances, a wine refrigerator, double ovens, and a 6-burner stove. The primary bedroom offers a walk-in closet, dual sinks in the primary bathroom, and a walk-in shower. The back yard has an outdoor covered patio and large deck. Additional property highlights include the 3 car garage, large driveway, and no HOA. Convenient to award-winning schools, shopping, and major freeways!

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
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
 

$866,610$1,059,190$962,900

PURCHASE PRICE

$3,105$3,795$3,450

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,450
EXPENSES Loan Payment -$3,345
Property Tax -$947
Property Insurance -$78
Property Management Fees -$169
CASH FLOW
-$1,088

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.

$962,900

PROJECTED PRICE

$3,450

PROJECTED RENT

0.36%

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$15k

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$260,919

INVESTMENT

$260,919

Down Payment
$240,725
Rehab Estimate
$5,750
Closing Costs
$14,444

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$3,345

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $240,725
Loan Amount $722,175
See What Happens When You Reinvest Cash Flow

0.67

YEARS SAVED

$2,170

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,450

    LIST RENT
  • $1.65

    LIST RENT PER SQFT
  • $3,445

    COMP ESTIMATED VALUE
  • $1.65

    COMP AVG. RENT PER SQFT
Comps Range
$3,100
1$3,1002$3,4503$3,4504$3,5005$3,600
$3,600
RENT COMPS ANALYSIS
  • 1814 W Las Lanas Lane Fullerton, CA 3
    • 4 beds 3 baths ∙ 2,088 Sqft ∙ Built 1973 4 beds 3 baths ∙ 2,088 Sqft ∙ Built 1973
    • Rent
    • Rent Per SQFT
    •  
    • $3,450
    • $1.65
    •  
  • 1928 Celeste Lane Fullerton, CA 1
    • 3 beds 2 baths ∙ 2,031 Sqft ∙ Built 1968 3 beds 2 baths ∙ 2,031 Sqft ∙ Built 1968
    LEASED 12/06/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,100
    • $1.53
    •  
  • 2019 Winterwood Drive Fullerton, CA 2
    • 4 beds 3 baths ∙ 2,079 Sqft ∙ Built 1983 4 beds 3 baths ∙ 2,079 Sqft ∙ Built 1983
    LEASED 12/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,450
    • $1.66
    •  
  • 2113 Greenwood Court Fullerton, CA 4
    • 4 beds 3 baths ∙ 2,079 Sqft ∙ Built 1983 4 beds 3 baths ∙ 2,079 Sqft ∙ Built 1983
    LEASED 04/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,500
    • $1.68
    •  
  • 2005 Seaview Drive Fullerton, CA 5
    • 4 beds 3 baths ∙ 2,079 Sqft ∙ Built 1980 4 beds 3 baths ∙ 2,079 Sqft ∙ Built 1980
    LEASED 08/11/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,600
    • $1.73
    •  
PROPERTY LISTING DETAILS
Justin Tye
Active Realty Inc
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: LG21023776
Last Updated: 02/04/2021
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