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2032 Victoria Drive Fullerton, CA 92831

4 Beds 1 Baths 2,374 sqft Built 2010

$899,990

List Price

$3,370

$3.1K - $3.6K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 23, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2010
  • Price/Sqft : $379.10
  • 7 Days on Market
  • MLS # : TR21059152
  • Updated Date : 03/22/2021 at 15:23
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,374 sqft
  • Baths : 1 full
Listing Agent

Uniwide Realty

Listing Agent's Description

Great opportunity to own a single story home built from the grounds up in 2010 in this sought after neighborhood of Fullerton, walk 1 minute to Troy High School, 3 minutes to Acacia Elementary and 5 minutes to Cal State Fullerton. This home features 4 bedroom plus a bonus room, 4 bath and 2 car garage with plenty of parking in front of the house. Master suite has full bath and walk-in closet. 2 of the bedrooms have private bath. Double pane windows, 3 double paned sliders, vaulted ceilings. Ceiling fans throughout the house, central air & heat, copper plumbing, solar system, new water heater, motion sensor outdoor lights, dust to dawn light in the front entry. Relaxing backyard with plenty of fruit trees to enjoy - pomelo, fig, apple, orange and more, and goji berry too. Ideal for owner use or as investment property.

SEE MORE

MARKET HIGHLIGHTS

  • 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.
  • 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)

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
Ladera Vista Junior High School Middle Magnet 823 34 6
Troy High School High Magnet 2,764 102 10

Ladera Vista Junior High School

  • Education Level: Middle
  • # of students: 823
  • # of teachers: 34
6
GreatSchools Rating

Troy High School

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

$809,991$989,989$899,990

PURCHASE PRICE

$3,033$3,707$3,370

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,370
EXPENSES Loan Payment -$3,126
Property Tax -$870
Property Insurance -$84
Property Management Fees -$165
CASH FLOW
-$876

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.

$899,990

PROJECTED PRICE

$3,370

PROJECTED RENT

0.37%

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$244,247

INVESTMENT

$244,247

Down Payment
$224,998
Rehab Estimate
$5,750
Closing Costs
$13,500

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$3,126

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $224,998
Loan Amount $674,993
See What Happens When You Reinvest Cash Flow

1.25

YEARS SAVED

$5,390

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,370

    LIST RENT
  • $1.42

    LIST RENT PER SQFT
  • $3,608

    COMP ESTIMATED VALUE
  • $1.52

    COMP AVG. RENT PER SQFT
Comps Range
$3,300
1$3,3002$3,3003$3,3704$3,4005$3,800
$3,800
RENT COMPS ANALYSIS
  • 2032 Victoria Drive Fullerton, CA 3
    • 4 beds 1 baths ∙ 2,374 Sqft ∙ Built 2010 4 beds 1 baths ∙ 2,374 Sqft ∙ Built 2010
    • Rent
    • Rent Per SQFT
    •  
    • $3,370
    • $1.42
    •  
  • 2105 Palmetto Terrace Fullerton, CA 1
    • 3 beds 3 baths ∙ 2,271 Sqft ∙ Built 1996 3 beds 3 baths ∙ 2,271 Sqft ∙ Built 1996
    LEASED 04/29/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,300
    • $1.45
    •  
  • 1918 Annandale Way Fullerton, CA 2
    • 3 beds 3 baths ∙ 2,170 Sqft ∙ Built 1996 3 beds 3 baths ∙ 2,170 Sqft ∙ Built 1996
    LEASED 12/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,300
    • $1.52
    •  
  • 1933 Edinburgh Way Fullerton, CA 4
    • 3 beds 3 baths ∙ 2,271 Sqft ∙ Built 1996 3 beds 3 baths ∙ 2,271 Sqft ∙ Built 1996
    LEASED 01/19/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,400
    • $1.50
    •  
  • 1332 Canterbury Lane Fullerton, CA 5
    • 4 beds 1 baths ∙ 2,357 Sqft ∙ Built 1997 4 beds 1 baths ∙ 2,357 Sqft ∙ Built 1997
    LEASED 02/23/21
    • Rent
    • Rent Per SQFT
    •  
    • $3,800
    • $1.61
    •  
PROPERTY LISTING DETAILS
Helen Lim
Uniwide Realty
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: TR21059152
Last Updated: 03/22/2021
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