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2505 W Ash Avenue Fullerton, CA 92833

3 Beds 2 Baths 1,532 sqft Built 1953

$625,000

List Price

$2,940

$2.7K - $3.2K

Rent Est.

PROPERTY INFO

December 19, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1953
  • Price/Sqft : $407.96
  • 3 Days on Market
  • MLS # : 20659568
  • Updated Date : 12/19/2020 at 14:59
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,532 sqft
  • Baths : 2 full
Listing Agent

Flw Realty Inc

Listing Agent's Description

Orange County living at a great place! This Charming home in a quiet neighborhood with a very open concept features 3 Bedroom and 2 Baths with lots of space to entertain both inside and out. Updated Kitchen, New Roof, New Windows and Central air with "Nest" Digital thermostat with ability to control from your phone, shed with electrical and work station, gas line to patio and home security alarm. Beautiful Landscaping front and back with automatic sprinklers. Central to everything Orange County has to offer. Southern Californias Angels Stadium, the Honda Center, Disneyland, Knott's Berry Farm, Downtown Fullerton, The Brea Mall, and various outdoor shopping venues.

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

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
Valencia Park Elementary School Primary Regular 665 31 5
Valencia Park Elementary School Middle Regular 665 31 5
Buena Park High School High Regular 1,940 68 5

Valencia Park Elementary School

  • Education Level: Primary
  • # of students: 665
  • # of teachers: 31
5
GreatSchools Rating

Valencia Park Elementary School

  • Education Level: Middle
  • # of students: 665
  • # of teachers: 31
5
GreatSchools Rating

Buena Park High School

  • Education Level: High
  • # of students: 1,940
  • # of teachers: 68
5
GreatSchools Rating
 

$562,500$687,500$625,000

PURCHASE PRICE

$2,646$3,234$2,940

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,940
EXPENSES Loan Payment -$2,306
Property Tax -$615
Property Insurance -$64
Property Management Fees -$144
CASH FLOW
-$189

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.

$625,000

PROJECTED PRICE

$2,940

PROJECTED RENT

0.47%

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$200k$400k$600k$800k$1.0M$1.2M$1.4M$1.6M$1.8M

PROJECTED ANNUAL CASH FLOW

11530-$5.0k$0.0$5.0k$10k$15k$20k$25k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M$1.6M$1.8M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$171,375

INVESTMENT

$171,375

Down Payment
$156,250
Rehab Estimate
$5,750
Closing Costs
$9,375

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 50% down payment or higher enables the proceeds from the asset to cover all costs.

$2,306

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $156,250
Loan Amount $468,750
See What Happens When You Reinvest Cash Flow

4.58

YEARS SAVED

$34,599

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,940

    LIST RENT
  • $1.92

    LIST RENT PER SQFT
  • $3,095

    COMP ESTIMATED VALUE
  • $2.02

    COMP AVG. RENT PER SQFT
Comps Range
$2,850
1$2,8502$2,9403$2,9504$3,0005$3,000
$3,000
RENT COMPS ANALYSIS
  • 2505 W Ash Avenue Fullerton, CA 2
    • 3 beds 2 baths ∙ 1,532 Sqft ∙ Built 1953 3 beds 2 baths ∙ 1,532 Sqft ∙ Built 1953
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,940
    • $1.92
    •  
  • 2455 W Cherry Avenue Fullerton, CA 1
    • 3 beds 2 baths ∙ 1,325 Sqft ∙ Built 1955 3 beds 2 baths ∙ 1,325 Sqft ∙ Built 1955
    property image
    LEASED 12/17/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,850
    • $2.15
    •  
  • 1639 W Walnut Avenue Fullerton, CA 3
    • 3 beds 2 baths ∙ 1,471 Sqft ∙ Built 1955 3 beds 2 baths ∙ 1,471 Sqft ∙ Built 1955
    property image
    LEASED 10/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,950
    • $2.01
    •  
  • 1637 W Woodcrest Avenue Fullerton, CA 4
    • 4 beds 2 baths ∙ 1,380 Sqft ∙ Built 1954 4 beds 2 baths ∙ 1,380 Sqft ∙ Built 1954
    property image
    LEASED 01/08/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,000
    • $2.17
    •  
  • 2019 W Roberta Avenue Fullerton, CA 5
    • 3 beds 2 baths ∙ 1,712 Sqft ∙ Built 1956 3 beds 2 baths ∙ 1,712 Sqft ∙ Built 1956
    property image
    LEASED 06/04/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,000
    • $1.75
    •  
PROPERTY LISTING DETAILS
Francisco Williams
Flw Realty Inc
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: 20659568
Last Updated: 12/19/2020
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