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607 S Brookhurst Road 
Fullerton, CA
92833
4 Beds 2 Baths 1,418 sqft
Built 1950
INVESTimate
$599,900
List Price
$164,724
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PROPERTY INFO
FACTS
- Built In 1950
- Price/Sqft : $423.06
- 3 Days on Market
- MLS # : OC20174050
- Updated Date : 08/24/2020 at 17:59
CONSTRUCTION
- Beds : 4
- Floor Size : 1,418 sqft
- Baths : 2 full
Listing Agent
Seven Gables Real Estate
Listing Agent's Description
Single story 4 bedroom 2 bathroom in beautiful Fullerton. Huge lot! Close to shopping and Cal State Fullerton. Bring your imagination and make this your next investment. Location! Location! Location! Don't miss it! Priced to sell!
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MARKET HIGHLIGHTS
- 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 area contributes to 55.3% of California state economy i.e. Gross State Product (USMayors.org, 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)
- As part of Southern California area, Orange County market inherits all the benefits from the area.
- 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)
PRICE & RENT TRENDS
Zip Code: 92833
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Zip Code: 92833
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
PROJECTED ACCUMULATED WEALTH
30 YEAR PROJECTION
- Cash Flow
- Appreciation
- Principal
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $2,890 |
| EXPENSES | Loan Payment | -$2,213 |
| Property Tax | -$590 | |
| Property Insurance | -$61 | |
| Property Management Fees | -$142 | |
|
CASH FLOW
-$116
|
||
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.
$599,900
PROJECTED PRICE
$2,890
PROJECTED RENT
0.48%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 4.24% |
| Appreciation Year (1-5) | 5.38% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 5.38% |
| Length of Stay Years | 2 |
TOTAL CASH OUT OF POCKET
INVESTMENT
$164,724
LOAN DETAILS
$2,213
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $149,975 |
| Loan Amount | $449,925 |
5.33
YEARS SAVED
$39,519
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$2,890
LIST RENT -
$2.04
LIST RENT PER SQFT
-
$2,871
COMP ESTIMATED VALUE -
$2.03
COMP AVG. RENT PER SQFT
Comps Range
-
607 S Brookhurst Road Fullerton, 2
- 4 beds 2 baths ∙ 1,418 Sqft ∙ Built 1950 4 beds 2 baths ∙ 1,418 Sqft ∙ Built 1950
![property image]()
- Rent
- Rent Per SQFT
- $2,890
- $2.04
-
1345 N Ferndale Street Anaheim, 1
- 4 beds 2 baths ∙ 1,307 Sqft ∙ Built 1954 4 beds 2 baths ∙ 1,307 Sqft ∙ Built 1954
![property image]()
LEASED 04/24/20- Rent
- Rent Per SQFT
- $2,500
- $1.91
-
1520 W Olive Avenue Fullerton, 3
- 3 beds 2 baths ∙ 1,453 Sqft ∙ Built 1954 3 beds 2 baths ∙ 1,453 Sqft ∙ Built 1954
![property image]()
LEASED 03/05/20- Rent
- Rent Per SQFT
- $2,900
- $2.00
-
1461 W Ash Avenue Fullerton, 4
- 4 beds 2 baths ∙ 1,485 Sqft ∙ Built 1955 4 beds 2 baths ∙ 1,485 Sqft ∙ Built 1955
![property image]()
LEASED 08/30/19- Rent
- Rent Per SQFT
- $2,995
- $2.02
-
1637 W Woodcrest Avenue Fullerton, 5
- 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
PROPERTY LISTING DETAILS
Seven Gables Real Estate
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
MLS #: OC20174050
Last Updated: 08/24/2020
