Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more

3407 Puente Street Fullerton, CA 92835

4 Beds 1 Baths 2,192 sqft Built 1956

$875,000

List Price

$3,580

$3.3K - $3.8K

Rent Est.

PROPERTY INFO

February 14, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1956
  • Price/Sqft : $399.18
  • 2 Days on Market
  • MLS # : DW20253253
  • Updated Date : 02/13/2021 at 21:48
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,192 sqft
  • Baths : 1 full
Listing Agent

Realty World Allensworth

Listing Agent's Description

Welcome to 3407 Puente St in Fullerton! Come and see this move-in ready, fantastic, single level 4 bedroom 3 bath home in one of Fullerton's finest neighborhoods! Hardwood floors have been refinished throughout, all new baseboards, interior paint and new master bedroom carpet. Master bedroom is large and has an en suite 3/4 bathroom, and double closets. Family room has fireplace, built in bookshelves and view to backyard and covered patio area. Living room is light and bright with views of front yard. Big ticket items are done at this house!: New electrical panel, new a/c condenser, new attic fan, new furnace, new smart thermostat. Individual laundry room and powder bath off kitchen in service porch area with new water heater and smart washing machine. 2 car garage offers a pass-through door at rear, and opens to backyard, with cement slab behind. Perfect for projects!

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: 92835

ZipNIR Market*CityMarket2010Year20002019250k300k350k400k450k500k550k600k650k700k750k800k850k900kPrice in $249k922k

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

Zip Code: 92835

ZipNIR Market*CityMarket2010Year2000 Q22019 Q218002000220024002600280030003200340036003800Rent in $16393818

* 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
Ladera Vista Junior High School Middle Magnet 823 34 6
Sonora High School High Regular 1,924 67 9

Ladera Vista Junior High School

  • Education Level: Middle
  • # of students: 823
  • # of teachers: 34
6
GreatSchools Rating

Sonora High School

  • Education Level: High
  • # of students: 1,924
  • # of teachers: 67
9
GreatSchools Rating
 

$787,500$962,500$875,000

PURCHASE PRICE

$3,222$3,938$3,580

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,580
EXPENSES Loan Payment -$3,039
Property Tax -$854
Property Insurance -$80
Property Management Fees -$175
CASH FLOW
-$569

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 14% of earned rent to cover both maintenance and periods of vacancy.

$875,000

PROJECTED PRICE

$3,580

PROJECTED RENT

0.41%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.08%
Appreciation Year (1-5) 5.2%
Maintenance Year (1-5) 8.00%
Vacancy 5.81%
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-$10k-$5.0k$0.0$5.0k$10k$15k$20k$25k

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$237,625

INVESTMENT

$237,625

Down Payment
$218,750
Rehab Estimate
$5,750
Closing Costs
$13,125

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$3,039

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $218,750
Loan Amount $656,250
See What Happens When You Reinvest Cash Flow

2.33

YEARS SAVED

$15,420

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,580

    LIST RENT
  • $1.63

    LIST RENT PER SQFT
  • $3,606

    COMP ESTIMATED VALUE
  • $1.65

    COMP AVG. RENT PER SQFT
Comps Range
$3,200
1$3,2002$3,3003$3,3954$3,5805$3,700
$3,700
RENT COMPS ANALYSIS
  • 3407 Puente Street Fullerton, CA 4
    • 4 beds 1 baths ∙ 2,192 Sqft ∙ Built 1956 4 beds 1 baths ∙ 2,192 Sqft ∙ Built 1956
    • Rent
    • Rent Per SQFT
    •  
    • $3,580
    • $1.63
    •  
  • 829 Bernard Drive Fullerton, CA 1
    • 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
    •  
  • 2725 Firethorne Avenue Fullerton, CA 2
    • 4 beds 2 baths ∙ 2,167 Sqft ∙ Built 1966 4 beds 2 baths ∙ 2,167 Sqft ∙ Built 1966
    LEASED 10/16/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,300
    • $1.52
    •  
  • 416 W Sunny Hills Road Fullerton, CA 3
    • 3 beds 2 baths ∙ 1,985 Sqft ∙ Built 1961 3 beds 2 baths ∙ 1,985 Sqft ∙ Built 1961
    LEASED 08/27/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,395
    • $1.71
    •  
  • 1709 Beechwood Avenue Fullerton, CA 5
    • 5 beds 3 baths ∙ 2,176 Sqft ∙ Built 1971 5 beds 3 baths ∙ 2,176 Sqft ∙ Built 1971
    LEASED 07/18/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,700
    • $1.70
    •  
PROPERTY LISTING DETAILS
Marina Allensworth
Realty World Allensworth
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: DW20253253
Last Updated: 02/13/2021
BESbswy