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627 W Maplewood Avenue Fullerton, CA 92832

3 Beds 1 Baths 1,452 sqft Built 1955

$674,888

List Price

$2,910

$2.7K - $3.2K

Rent Est.

PROPERTY INFO

November 20, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1955
  • Price/Sqft : $464.80
  • 5 Days on Market
  • MLS # : PW20242223
  • Updated Date : 11/19/2020 at 09:19
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,452 sqft
  • Baths : 1 full
Listing Agent

The Brokeredge

Listing Agent's Description

Welcome to the Fullerton Forever Home Midcentury Modern tract in West Fullerton. This single level home has been tastefully remodeled in so many ways and has everything you need including 3 bedrooms, 2 baths, an office, Tesla solar panels and a spacious backyard. Enter the home in the foyer, you can choose to walk into the open concept living space or to the laundry room or direct garage access from here. The living room features a wood-burning fireplace, recessed lighting and access to the backyard. The backyard has an Alumawood covered patio with ceiling fan & a grassy landscape. The kitchen also has direct access to the yard and has been remodeled with granite countertops with bar seating, stainless steel appliances & range hood, wood shaker cabinets with soft-close drawers & a custom walk-in pantry. Head down the hallway where you’ll find extra storage and all the bedrooms, office & bathrooms. Head into the master retreat, which has been upgraded with an en-suite bath featuring an oversized tiled shower with glass enclosure, dual sinks with quartz countertops, tile flooring and custom barn door. The master bedroom has a custom walk-in closet (a rare find in this neighborhood), ceiling fan and is large enough to house a king size bed. The two spacious secondary bedrooms share a full bath in the hallway with granite countertops & tiled tub/shower. This home was recently painted and also features recessed lighting throughout, newer dual pane windows and Tesla Solar Energy.

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: 92832

ZipNIR Market*CityMarket2010Year20002019200k250k300k350k400k450k500k550k600k650k700kPrice in $200k742k

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

Zip Code: 92832

ZipNIR Market*CityMarket2010Year2000 Q22019 Q21400160018002000220024002600280030003200Rent in $13863345

* 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
Richman Elementary School Primary Regular 781 27 6
Richman Elementary School Middle Regular 781 27 6
Fullerton Union High School High Regular 2,155 74 7

Richman Elementary School

  • Education Level: Primary
  • # of students: 781
  • # of teachers: 27
6
GreatSchools Rating

Richman Elementary School

  • Education Level: Middle
  • # of students: 781
  • # of teachers: 27
6
GreatSchools Rating

Fullerton Union High School

  • Education Level: High
  • # of students: 2,155
  • # of teachers: 74
7
GreatSchools Rating
 

$607,399$742,377$674,888

PURCHASE PRICE

$2,619$3,201$2,910

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,910
EXPENSES Loan Payment -$2,490
Property Tax -$677
Property Insurance -$62
Property Management Fees -$143
CASH FLOW
-$462

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 12% of earned rent to cover both maintenance and periods of vacancy.

$674,888

PROJECTED PRICE

$2,910

PROJECTED RENT

0.43%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.42%
Appreciation Year (1-5) 7.9%
Maintenance Year (1-5) 8.00%
Vacancy 4.35%
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$184,595

INVESTMENT

$184,595

Down Payment
$168,722
Rehab Estimate
$5,750
Closing Costs
$10,123

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,490

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $168,722
Loan Amount $506,166
See What Happens When You Reinvest Cash Flow

3.17

YEARS SAVED

$20,073

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,910

    LIST RENT
  • $2

    LIST RENT PER SQFT
  • $2,937

    COMP ESTIMATED VALUE
  • $2.02

    COMP AVG. RENT PER SQFT
Comps Range
$2,910
1$2,9102$2,9503$3,0004$3,0005$3,000
$3,000
RENT COMPS ANALYSIS
  • 627 W Maplewood Avenue Fullerton, CA 1
    • 3 beds 1 baths ∙ 1,452 Sqft ∙ Built 1955 3 beds 1 baths ∙ 1,452 Sqft ∙ Built 1955
    • Rent
    • Rent Per SQFT
    •  
    • $2,910
    • $2.00
    •  
  • 509 S Woods Avenue Fullerton, CA 2
    • 3 beds 2 baths ∙ 1,428 Sqft ∙ Built 1956 3 beds 2 baths ∙ 1,428 Sqft ∙ Built 1956
    LEASED 06/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,950
    • $2.07
    •  
  • 636 W Ash Avenue Fullerton, CA 3
    • 4 beds 1 baths ∙ 1,452 Sqft ∙ Built 1953 4 beds 1 baths ∙ 1,452 Sqft ∙ Built 1953
    LEASED 09/05/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,000
    • $2.07
    •  
  • 846 W Glenwood Circle Fullerton, CA 4
    • 3 beds 2 baths ∙ 1,560 Sqft ∙ Built 1973 3 beds 2 baths ∙ 1,560 Sqft ∙ Built 1973
    LEASED 01/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,000
    • $1.92
    •  
  • 635 W Elm Avenue Fullerton, CA 5
    • 3 beds 1 baths ∙ 1,476 Sqft ∙ Built 1953 3 beds 1 baths ∙ 1,476 Sqft ∙ Built 1953
    LEASED 11/04/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,000
    • $2.03
    •  
PROPERTY LISTING DETAILS
Monica Villalobos
The Brokeredge
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: PW20242223
Last Updated: 11/19/2020
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