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4255 W West Avenue Fullerton, CA 92833

4 Beds 2 Baths 2,084 sqft Built 1979

$749,000

List Price

$3,400

$3.2K - $3.7K

Rent Est.

PROPERTY INFO

December 04, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1979
  • Price/Sqft : $359.40
  • 3 Days on Market
  • MLS # : EV20251256
  • Updated Date : 12/04/2020 at 08:04
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,084 sqft
  • Baths : 2 full
Listing Agent

Gillmore Real Estate

Listing Agent's Description

Welcome home! Come check out this lovely two story, pool home in the city of Fullerton. This home offers 4 bedrooms, 2 bathrooms, fireplace, large family room and leased solar panels. Enter into the living room with vaulted ceilings, wood burning/gas fireplace, and tile floors. Dining area has a garden window and connects to the kitchen that offers lots of cabinet space, granite countertops, garden window to look outside your backyard and mid-size pantry. Master bedroom is located downstairs with a split shared bathroom with shower. Must see to appreciate. Upstairs consists of 3 spacious bedrooms, full bathroom and family room. This home also offers a two car garage, central air, heat, pool, various fruit trees and leased solar panels. What are you waiting for! Come make us an offer we can’t refuse!

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: 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
James A. Whitaker Elementary School Primary Regular 598 23 5
James A. Whitaker Elementary School Middle Regular 598 23 5
Buena Park High School High Regular 1,940 68 5

James A. Whitaker Elementary School

  • Education Level: Primary
  • # of students: 598
  • # of teachers: 23
5
GreatSchools Rating

James A. Whitaker Elementary School

  • Education Level: Middle
  • # of students: 598
  • # of teachers: 23
5
GreatSchools Rating

Buena Park High School

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

$674,100$823,900$749,000

PURCHASE PRICE

$3,060$3,740$3,400

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,400
EXPENSES Loan Payment -$2,763
Property Tax -$753
Property Insurance -$77
Property Management Fees -$167
CASH FLOW
-$360

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.

$749,000

PROJECTED PRICE

$3,400

PROJECTED RENT

0.45%

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$500k$1.0M$1.5M$2.0M

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$204,235

INVESTMENT

$204,235

Down Payment
$187,250
Rehab Estimate
$5,750
Closing Costs
$11,235

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 55% down payment or higher enables the proceeds from the asset to cover all costs.

$2,763

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $187,250
Loan Amount $561,750
See What Happens When You Reinvest Cash Flow

3.67

YEARS SAVED

$29,586

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,400

    LIST RENT
  • $1.63

    LIST RENT PER SQFT
  • $3,459

    COMP ESTIMATED VALUE
  • $1.66

    COMP AVG. RENT PER SQFT
Comps Range
$3,300
1$3,3002$3,3003$3,4004$3,5005$3,950
$3,950
RENT COMPS ANALYSIS
  • 4255 W West Avenue Fullerton, CA 3
    • 4 beds 2 baths ∙ 2,084 Sqft ∙ Built 1979 4 beds 2 baths ∙ 2,084 Sqft ∙ Built 1979
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $3,400
    • $1.63
    •  
  • 941 Northampton Way Fullerton, CA 1
    • 4 beds 3 baths ∙ 2,001 Sqft ∙ Built 1975 4 beds 3 baths ∙ 2,001 Sqft ∙ Built 1975
    property image
    LEASED 07/09/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,300
    • $1.65
    •  
  • 11 Eastwind Drive Buena Park, CA 2
    • 4 beds 4 baths ∙ 1,980 Sqft ∙ Built 1998 4 beds 4 baths ∙ 1,980 Sqft ∙ Built 1998
    property image
    LEASED 01/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,300
    • $1.67
    •  
  • 5650 Rockledge Drive Buena Park, CA 4
    • 3 beds 2 baths ∙ 2,062 Sqft ∙ Built 1959 3 beds 2 baths ∙ 2,062 Sqft ∙ Built 1959
    property image
    LEASED 09/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,500
    • $1.70
    •  
  • 1 Charthouse Buena Park, CA 5
    • 4 beds 3 baths ∙ 2,434 Sqft ∙ Built 1999 4 beds 3 baths ∙ 2,434 Sqft ∙ Built 1999
    property image
    LEASED 11/05/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,950
    • $1.62
    •  
PROPERTY LISTING DETAILS
Olivia Borges
Gillmore Real Estate
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: EV20251256
Last Updated: 12/04/2020
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