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237 Valverde Avenue Brea, CA 92821

4 Beds 3 Baths 1,968 sqft Built 1971

$849,999

List Price

$3,300

$3.1K - $3.6K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
FACTS
  • Single Family
  • Built In 1971
  • Price/Sqft : $431.91
  • 13 Days on Market
  • MLS # : PW21143080
  • Updated Date : 07/08/2021 at 09:14
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,968 sqft
  • Baths : 2 full , 1 half
Listing Agent

Exp Realty Of California Inc

Listing Agent's Description

Just a few blocks away from the mall, this lovely 4 bedroom home is nestled in one of the most highly coveted neighborhoods in Brea. This large lot and modern open floor plan is the perfect setting to entertain. Add an extra dose of sunshine to your morning with coffee by the kitchen bay window and breakfast on the center island. Warm up your winters mixing cocktails at the wet bar to sip on by the living room fireplace. The spacious master bedroom with a fully renovated bathroom is the perfect retreat. With a grassy backyard and 3-car garage it really does check every box. Don't miss this rare opportunity to make this home yours!

SEE MORE

MARKET HIGHLIGHTS

  • 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.
  • 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]

PRICE & RENT TRENDS

Zip Code: 92821

ZipNIR Market*CityMarket2010Year20002019250k300k350k400k450k500k550k600k650k700kPrice in $243k742k

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

Zip Code: 92821

ZipNIR Market*CityMarket2010Year2000 Q22019 Q22000220024002600280030003200Rent in $18443345

* 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
Brea Junior High School Middle Regular 891 32 8
Brea-olinda High School High Regular 1,895 68 9

Brea Junior High School

  • Education Level: Middle
  • # of students: 891
  • # of teachers: 32
8
GreatSchools Rating

Brea-olinda High School

  • Education Level: High
  • # of students: 1,895
  • # of teachers: 68
9
GreatSchools Rating
 

$764,999$934,999$849,999

PURCHASE PRICE

$2,970$3,630$3,300

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,300
EXPENSES Loan Payment -$2,952
Property Tax -$853
Property Insurance -$75
HOA -$60
Property Management Fees -$162
CASH FLOW
-$802

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.

$849,999

PROJECTED PRICE

$3,300

PROJECTED RENT

0.39%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.24%
Appreciation Year (1-5) 4.7%
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

PROJECTED ANNUAL CASH FLOW

11530-$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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$231,000

INVESTMENT

$231,000

Down Payment
$212,500
Rehab Estimate
$5,750
Closing Costs
$12,750

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,952

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $212,500
Loan Amount $637,499
See What Happens When You Reinvest Cash Flow

1.33

YEARS SAVED

$5,589

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,300

    LIST RENT
  • $1.68

    LIST RENT PER SQFT
  • $3,483

    COMP ESTIMATED VALUE
  • $1.77

    COMP AVG. RENT PER SQFT
Comps Range
$3,100
1$3,1002$3,3003$3,5604$3,6005$4,000
$4,000
RENT COMPS ANALYSIS
  • 237 Valverde Avenue Brea, CA 2
    • 4 beds 3 baths ∙ 1,968 Sqft ∙ Built 1971 4 beds 3 baths ∙ 1,968 Sqft ∙ Built 1971
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $3,300
    • $1.68
    •  
  • 3035 Greenview Place Fullerton, CA 1
    • 4 beds 2 baths ∙ 1,909 Sqft ∙ Built 1977 4 beds 2 baths ∙ 1,909 Sqft ∙ Built 1977
    property image
    LEASED 02/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,100
    • $1.62
    •  
  • 346 Hilltop Lane Brea, CA 3
    • 4 beds 3 baths ∙ 2,020 Sqft ∙ Built 1976 4 beds 3 baths ∙ 2,020 Sqft ∙ Built 1976
    property image
    LEASED 03/01/21
    • Rent
    • Rent Per SQFT
    •  
    • $3,560
    • $1.76
    •  
  • 405 Greenbriar Lane Brea, CA 4
    • 4 beds 3 baths ∙ 2,000 Sqft ∙ Built 1967 4 beds 3 baths ∙ 2,000 Sqft ∙ Built 1967
    property image
    LEASED 02/13/21
    • Rent
    • Rent Per SQFT
    •  
    • $3,600
    • $1.80
    •  
  • 1761 E Eucalyptus Street Brea, CA 5
    • 4 beds 3 baths ∙ 2,105 Sqft ∙ Built 1971 4 beds 3 baths ∙ 2,105 Sqft ∙ Built 1971
    property image
    LEASED 09/03/20
    • Rent
    • Rent Per SQFT
    •  
    • $4,000
    • $1.90
    •  
PROPERTY LISTING DETAILS
Adriana Andreas
Exp Realty Of California Inc
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: PW21143080
Last Updated: 07/08/2021
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