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336 Catalpa Avenue Brea, CA 92821

3 Beds 2 Baths 2,000 sqft Built 1955

$720,000

List Price

$2,870

$2.6K - $3.1K

Rent Est.

PROPERTY INFO

February 13, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1955
  • Price/Sqft : $360.00
  • 2 Days on Market
  • MLS # : OC21030468
  • Updated Date : 02/13/2021 at 10:22
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,000 sqft
  • Baths : 1 full , 1 half
Listing Agent

Midas Realty Group

Listing Agent's Description

Location, location, location! First time on the market spacious 3 bedroom plus office or can easily be 4th bedroom. Walking distance to Arovista Elementary School, minutes to Brea Mall, Downtown dining and shopping, and the 57 Freeway. Close to transportation and easy commuting to Los Angeles, South Orange County, or Riverside. Stone fireplace in living room, galley kitchen with plenty of storage and counter space, cozy living room, and already set up with a home office. Plenty of natural light, central heating and air, charming patio area to relax and entertain. Buyer to very square footage and permits. Property sold as is. Call today for your private showing

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • 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.

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
 

$648,000$792,000$720,000

PURCHASE PRICE

$2,583$3,157$2,870

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,870
EXPENSES Loan Payment -$2,501
Property Tax -$706
Property Insurance -$75
Property Management Fees -$141
CASH FLOW
-$553

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.

$720,000

PROJECTED PRICE

$2,870

PROJECTED RENT

0.40%

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

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$196,550

INVESTMENT

$196,550

Down Payment
$180,000
Rehab Estimate
$5,750
Closing Costs
$10,800

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 60% down payment or higher enables the proceeds from the asset to cover all costs.

$2,501

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $180,000
Loan Amount $540,000
See What Happens When You Reinvest Cash Flow

2.08

YEARS SAVED

$9,719

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,870

    LIST RENT
  • $1.44

    LIST RENT PER SQFT
  • $3,380

    COMP ESTIMATED VALUE
  • $1.69

    COMP AVG. RENT PER SQFT
Comps Range
$2,870
1$2,8702$2,8753$3,2004$3,2005$3,300
$3,300
RENT COMPS ANALYSIS
  • 336 Catalpa Avenue Brea, CA 1
    • 3 beds 2 baths ∙ 2,000 Sqft ∙ Built 1955 3 beds 2 baths ∙ 2,000 Sqft ∙ Built 1955
    • Rent
    • Rent Per SQFT
    •  
    • $2,870
    • $1.44
    •  
  • 435 S Walnut Avenue Brea, CA 2
    • 3 beds 3 baths ∙ 1,694 Sqft ∙ Built 1945 3 beds 3 baths ∙ 1,694 Sqft ∙ Built 1945
    LEASED 12/22/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,875
    • $1.70
    •  
  • 3813 Tunales Drive Fullerton, CA 3
    • 3 beds 3 baths ∙ 2,000 Sqft ∙ Built 1954 3 beds 3 baths ∙ 2,000 Sqft ∙ Built 1954
    LEASED 04/22/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,200
    • $1.60
    •  
  • 829 Bernard Drive Fullerton, CA 4
    • 4 beds 3 baths ∙ 1,937 Sqft ∙ Built 1964 4 beds 3 baths ∙ 1,937 Sqft ∙ Built 1964
    LEASED 11/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,200
    • $1.65
    •  
  • 747 Arroues Drive Fullerton, CA 5
    • 4 beds 2 baths ∙ 1,822 Sqft ∙ Built 1975 4 beds 2 baths ∙ 1,822 Sqft ∙ Built 1975
    LEASED 04/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,300
    • $1.81
    •  
PROPERTY LISTING DETAILS
Dawn Anderson
Midas Realty Group
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: OC21030468
Last Updated: 02/13/2021
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