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PROPERTY INFO
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.
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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
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Zip Code: 92833
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
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
| 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
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$257,235
LOAN DETAILS
$3,501
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $237,250 |
| Loan Amount | $711,750 |
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
-
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
Century 21 Award
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
MLS #: PW20233218
Last Updated: 11/06/2020
