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1848 Sunset Lane Fullerton, CA 92833

5 Beds 1 Baths 2,353 sqft Built 1965

$899,000

List Price

$3,700

$3.5K - $4K

Rent Est.

PROPERTY INFO

November 13, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1965
  • Price/Sqft : $382.07
  • 4 Days on Market
  • MLS # : PW20238346
  • Updated Date : 11/12/2020 at 15:32
CONSTRUCTION
  • Beds : 5
  • Floor Size : 2,353 sqft
  • Baths : 1 full
Listing Agent

Reliance Real Estate Services

Listing Agent's Description

Located on a tree lined street in a pride of ownership neighborhood - this exquisite Sunny Hills home is everything you have been looking for. Starting with the beautiful curb appeal leading you through the custom double front doors which open showcasing the stunning original refinished hardwood floors, abundant natural light flowing through the double pane windows, an excellent floor plan and park-like backyard - this home will go quick. On the downstairs level you will find the fully upgraded kitchen featuring double ovens, custom cabinetry covered with granite countertops, a breakfast bar which opens to both the living, family, and dining rooms. The family room features a central fireplace and sliding glass door to one of the 2 private patios. The HUGE living room features walls of windows and an oversized sliding glass door to your backyard deck allowing you to take in the serenity of this amazingly landscaped paradise. Also on the downstairs level is a nice sized bedroom and bathroom, as well as direct garage access to the oversized and fully finished garage. Upstairs you will find the master suite featuring a large walk-in closet, 3 additional large bedrooms, and a retreat bathroom with both soaking bathtub and separate shower. Walking distance to Sunset Elementary, Parks Jr. High and Sunny Hills High, as well as beautiful walking trails, parks, shopping and easy freeway access - this is a home you don't want to miss.

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
Sunset Lane Elementary School Primary Regular 793 26 8
D. Russell Parks Junior High School Middle Regular 1,050 32 8
Sunny Hills High School High Regular 2,264 78 9

Sunset Lane Elementary School

  • Education Level: Primary
  • # of students: 793
  • # of teachers: 26
8
GreatSchools Rating

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
 

$809,100$988,900$899,000

PURCHASE PRICE

$3,330$4,070$3,700

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,700
EXPENSES Loan Payment -$3,317
Property Tax -$884
Property Insurance -$84
Property Management Fees -$181
CASH FLOW
-$766

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.

$899,000

PROJECTED PRICE

$3,700

PROJECTED RENT

0.41%

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-$15k-$10k-$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$2.5M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$243,985

INVESTMENT

$243,985

Down Payment
$224,750
Rehab Estimate
$5,750
Closing Costs
$13,485

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$3,317

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $224,750
Loan Amount $674,250
See What Happens When You Reinvest Cash Flow

2

YEARS SAVED

$13,767

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,700

    LIST RENT
  • $1.57

    LIST RENT PER SQFT
  • $3,677

    COMP ESTIMATED VALUE
  • $1.56

    COMP AVG. RENT PER SQFT
Comps Range
$3,400
1$3,4002$3,5503$3,5754$3,6505$3,700
$3,700
RENT COMPS ANALYSIS
  • 1848 Sunset Lane Fullerton, CA 5
    • 5 beds 1 baths ∙ 2,353 Sqft ∙ Built 1965 5 beds 1 baths ∙ 2,353 Sqft ∙ Built 1965
    • Rent
    • Rent Per SQFT
    •  
    • $3,700
    • $1.57
    •  
  • 2618 Tarrytown Drive Fullerton, CA 1
    • 4 beds 3 baths ∙ 2,324 Sqft ∙ Built 1977 4 beds 3 baths ∙ 2,324 Sqft ∙ Built 1977
    LEASED 02/27/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,400
    • $1.46
    •  
  • 1725 Clear Creek Drive Fullerton, CA 2
    • 4 beds 2 baths ∙ 2,228 Sqft ∙ Built 1977 4 beds 2 baths ∙ 2,228 Sqft ∙ Built 1977
    LEASED 12/24/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,550
    • $1.59
    •  
  • 2208 El Rancho Fullerton, CA 3
    • 5 beds 1 baths ∙ 2,187 Sqft ∙ Built 1964 5 beds 1 baths ∙ 2,187 Sqft ∙ Built 1964
    LEASED 02/11/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,575
    • $1.63
    •  
  • 1239 Candlewood Drive Fullerton, CA 4
    • 4 beds 3 baths ∙ 2,324 Sqft ∙ Built 1976 4 beds 3 baths ∙ 2,324 Sqft ∙ Built 1976
    LEASED 04/25/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,650
    • $1.57
    •  
PROPERTY LISTING DETAILS
Adam Brett Freilich
Reliance Real Estate Services
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: PW20238346
Last Updated: 11/12/2020
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