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2319 Leggett Lane Fullerton, CA 92833

4 Beds 3 Baths 2,511 sqft Built 1996

$949,000

List Price

$3,390

$3.1K - $3.6K

Rent Est.

PROPERTY INFO

November 06, 2020 RECENTLY ADDED
FACTS
  • Built In 1996
  • Price/Sqft : $377.94
  • 3 Days on Market
  • MLS # : PW20233218
  • Updated Date : 11/06/2020 at 09:11
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,511 sqft
  • Baths : 3 full
Listing Agent

Century 21 Award

Listing Agent's Description

FIRST TIME ON THE MARKET - ORIGINAL OWNERS! Luxury living! Absolutely stunning property located in the Sunny Hills area, one of Fullerton's best neighborhoods and exclusive area, near Los Coyotes Country Club Golf Course and adjacent to the 105-acre Clark Regional Park! A true pride of ownership! Five bedrooms & 3 full bathrooms (one bedroom and one full bath downstairs); tremendous cul-de-sac location with fantastic curb appeal! Double door entry, fabulous open floor plan and wonderful layout with dramatic cathedral ceilings. Beautiful dark color laminate flooring throughout. Recessed lighting, crown molding, plantation shutters. Impressive living and dining rooms, upscale family room with fireplace is the perfect spot for enjoying family & friends. Gorgeously remodeled kitchen with granite countertops, upgraded cabinets, tile backsplash, center island & casual eating area. Breathtaking master suite with vaulted ceiling, resort style bathroom with tile countertops, dual sinks, tub, separate shower, and walk-in closet. Handy inside laundry room downstairs. Nicely landscaped grounds, a rose garden, an awesome huge rear yard (8100 sq. ft. lot) with more plants than you can count, and a private enclosed patio (with permits), for perfect outdoor entertaining. 3 car garage. Award winning school district (Sunset Lane Elementary, Parks Junior & Sunny Hills High). Close to Amerige Heights Shopping Center, grocery markets, parks & golf courses. No Association dues or Mello-Roos.

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: 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
 

$854,100$1,043,900$949,000

PURCHASE PRICE

$3,051$3,729$3,390

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,390
EXPENSES Loan Payment -$3,501
Property Tax -$933
Property Insurance -$88
Property Management Fees -$166
CASH FLOW
-$1,299

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.

$949,000

PROJECTED PRICE

$3,390

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$257,235

INVESTMENT

$257,235

Down Payment
$237,250
Rehab Estimate
$5,750
Closing Costs
$14,235

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$3,501

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $237,250
Loan Amount $711,750
See What Happens When You Reinvest Cash Flow

0.33

YEARS SAVED

$646

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,390

    LIST RENT
  • $1.35

    LIST RENT PER SQFT
  • $3,710

    COMP ESTIMATED VALUE
  • $1.48

    COMP AVG. RENT PER SQFT
Comps Range
$3,390
1$3,3902$3,4003$3,5004$3,6005$3,650
$3,650
RENT COMPS ANALYSIS
  • 2319 Leggett Lane Fullerton, CA 1
    • 4 beds 3 baths ∙ 2,511 Sqft ∙ Built 1996 4 beds 3 baths ∙ 2,511 Sqft ∙ Built 1996
    • Rent
    • Rent Per SQFT
    •  
    • $3,390
    • $1.35
    •  
  • 2618 Tarrytown Drive Fullerton, CA 2
    • 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
    •  
  • 1830 Fairgreen Drive Fullerton, CA 3
    • 4 beds 4 baths ∙ 2,565 Sqft ∙ Built 1978 4 beds 4 baths ∙ 2,565 Sqft ∙ Built 1978
    LEASED 12/27/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,500
    • $1.36
    •  
  • 1240 Starbuck Street Fullerton, CA 4
    • 3 beds 3 baths ∙ 2,368 Sqft ∙ Built 2003 3 beds 3 baths ∙ 2,368 Sqft ∙ Built 2003
    LEASED 09/04/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,600
    • $1.52
    •  
  • 1239 Candlewood Drive Fullerton, CA 5
    • 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
Linda Suk
Century 21 Award
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: PW20233218
Last Updated: 11/06/2020
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