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2082 Hessen Street Fullerton, CA 92833

3 Beds 3 Baths 2,155 sqft Built 2003

$979,000

List Price

$3,450

$3.2K - $3.7K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 20, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2003
  • Price/Sqft : $454.29
  • 4 Days on Market
  • MLS # : PW21057411
  • Updated Date : 03/20/2021 at 05:10
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,155 sqft
  • Baths : 2 full , 1 half
Listing Agent

New Star Realty & Investment

Listing Agent's Description

SUPERBLY UPGRADED MODEL-LIKE HOME WITH PARK VIEW IN PRESTIGIOUS AMERIGE HEIGHTS COMMUNITY. SAGEWOOD PLAN HOME WITH BRIGHT, AIRY AND OPEN FLOOR PLAN. WOOD LOOKING PORCELAIN FLOORING DOWNSTAIRS AND LAMINATED FLOORING UPSTAIRS, PLANTATION SHUTTERS FOR WINDOWS AND RECESSED LIGHTING. UPGREADED BATHROOMS. GOURMET KITCHEN WITH CABINETRY BUILT UP TO CEILING, QUARTZ COUNTERTOP AND CENTER ISLAND, STAINLESS STEEL APPLIANCES INCLUDING REFRIGERATOR. MASTER BEDROOM WITH WALK-IN CLOSET & PRIVATE BATH. PRIVATE BACKYARD AND SIDE PATIO FOR ENTERTAINING. 2 CAR ATTACHED GARAGE WITH DIRECT ACCESS. COMMUNITY AMENITIES INCLUDE HIGH SPEED INTERNET, TENNIS COURTS, AND PARKS WITH PLAYGROUNDS. WALKING DISTANCE TO AWARD WINNING SCHOOLS: ROBERT C FISLER ELEMENTARY AND JR. HIGH SCHOOL, SUNNY HILLS HIGH SCHOOL AND MONTESSORI & EDUCATION CENTER, CLOSE TO TOWN CENTER FOR SHOPPING, GYM, BOOKSTORE, AND RESTAURANTS.

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • 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)

PRICE & RENT TRENDS

Neighborhood: Amerige Heights

ZipNIR Market*CityMarket2010Year20002019250k300k350k400k450k500k550k600k650k700k750k800k850k900kPrice in $230k922k

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

Neighborhood: Amerige Heights

ZipNIR Market*CityMarket2010Year2000 Q22019 Q2160018002000220024002600280030003200340036003800Rent in $15703818

* 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
Sunny Hills High School High Regular 2,264 78 9

Sunny Hills High School

  • Education Level: High
  • # of students: 2,264
  • # of teachers: 78
9
GreatSchools Rating
 

$881,100$1,076,900$979,000

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 -$3,400
Property Tax -$963
Property Insurance -$79
HOA -$158
Property Management Fees -$169
CASH FLOW
-$1,319

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 14% of earned rent to cover both maintenance and periods of vacancy.

$979,000

PROJECTED PRICE

$3,450

PROJECTED RENT

0.35%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.08%
Appreciation Year (1-5) 5.4%
Maintenance Year (1-5) 8.00%
Vacancy 5.81%
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-$25k-$20k-$15k-$10k-$5.0k$0.0$5.0k$10k

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$265,185

INVESTMENT

$265,185

Down Payment
$244,750
Rehab Estimate
$5,750
Closing Costs
$14,685

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 70% down payment or higher enables the proceeds from the asset to cover all costs.

$3,400

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $244,750
Loan Amount $734,250
See What Happens When You Reinvest Cash Flow

0.17

YEARS SAVED

$180

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
  • $1.6

    LIST RENT PER SQFT
  • $3,631

    COMP ESTIMATED VALUE
  • $1.69

    COMP AVG. RENT PER SQFT
Comps Range
$3,450
1$3,4502$3,6003$3,6004$3,6805$3,800
$3,800
RENT COMPS ANALYSIS
  • 2082 Hessen Street Fullerton, CA 1
    • 3 beds 3 baths ∙ 2,155 Sqft ∙ Built 2003 3 beds 3 baths ∙ 2,155 Sqft ∙ Built 2003
    • Rent
    • Rent Per SQFT
    •  
    • $3,450
    • $1.60
    •  
  • 2055 Hessen Street Fullerton, CA 2
    • 3 beds 3 baths ∙ 2,155 Sqft ∙ Built 2003 3 beds 3 baths ∙ 2,155 Sqft ∙ Built 2003
    LEASED 07/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,600
    • $1.67
    •  
  • 1828 Booth Court Fullerton, CA 3
    • 4 beds 3 baths ∙ 2,111 Sqft ∙ Built 2003 4 beds 3 baths ∙ 2,111 Sqft ∙ Built 2003
    LEASED 03/04/21
    • Rent
    • Rent Per SQFT
    •  
    • $3,600
    • $1.71
    •  
  • 1832 Chambers Court Fullerton, CA 4
    • 3 beds 3 baths ∙ 2,111 Sqft ∙ Built 2003 3 beds 3 baths ∙ 2,111 Sqft ∙ Built 2003
    LEASED 12/09/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,680
    • $1.74
    •  
  • 1139 Livingston Lane Fullerton, CA 5
    • 3 beds 4 baths ∙ 2,346 Sqft ∙ Built 2015 3 beds 4 baths ∙ 2,346 Sqft ∙ Built 2015
    LEASED 09/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,800
    • $1.62
    •  
PROPERTY LISTING DETAILS
Alex Jang
New Star Realty & Investment
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: PW21057411
Last Updated: 03/20/2021
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