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9610 La Granada Avenue Fountain Valley, CA 92708

4 Beds 3 Baths 2,966 sqft Built 1966

$1,299,900

List Price

$4,240

$4K - $4.5K

Rent Est.

PROPERTY INFO

February 06, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1966
  • Price/Sqft : $438.27
  • 3 Days on Market
  • MLS # : OC21025129
  • Updated Date : 02/06/2021 at 13:17
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,966 sqft
  • Baths : 3 full
Listing Agent

Realty One Group West

Listing Agent's Description

STUNNING REMODEL! Come see this expansive 4 bedroom / 3 bath home in the highly desirable, family-friendly neighborhood. This interior tract, turnkey home offers 2 master bedrooms, one of which is downstairs. A possible 5th bedroom also located downstairs, currently used as an office. All bedrooms are extra large, great for a large family! Enjoy cooking in this gourmet kitchen with a 6 burners 36" range, an extra large island with prep sink and seating, a large peninsula with beverage cooler and room for another 5 seats, pot filler, and built-in microwave. The amazing private backyard features a large patio area overlooking the pool and grass area. Steps away from amazing schools, restaurants, shopping, and minutes to the beach. A must see!!!

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

Neighborhood: Fountain Valley

NeighborhoodNIR Market*CityMarket2010Year20002019250k300k350k400k450k500k550k600k650k700k750k800kPrice in $243k816k

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

Neighborhood: Fountain Valley

NeighborhoodNIR Market*CityMarket2010Year2000 Q22019 Q2180020002200240026002800300032003400Rent in $17723435

* 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
Urbain H. Plavan Elementary School Primary Regular 533 19 8
Kazuo Masuda Middle School Middle Regular 778 31 9
Fountain Valley High School High Regular 3,704 127 9

Urbain H. Plavan Elementary School

  • Education Level: Primary
  • # of students: 533
  • # of teachers: 19
8
GreatSchools Rating

Kazuo Masuda Middle School

  • Education Level: Middle
  • # of students: 778
  • # of teachers: 31
9
GreatSchools Rating

Fountain Valley High School

  • Education Level: High
  • # of students: 3,704
  • # of teachers: 127
9
GreatSchools Rating
 

$1,169,910$1,429,890$1,299,900

PURCHASE PRICE

$3,816$4,664$4,240

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $4,240
EXPENSES Loan Payment -$4,515
Property Tax -$1,278
Property Insurance -$99
Property Management Fees -$208
CASH FLOW
-$1,860

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.

$1,299,900

PROJECTED PRICE

$4,240

PROJECTED RENT

0.33%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.24%
Appreciation Year (1-5) 5.7%
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$2.5M$3.0M$3.5M

PROJECTED ANNUAL CASH FLOW

11530-$30k-$20k-$10k$0.0$10k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$500k$1.0M$1.5M$2.0M$2.5M$3.0M$3.5M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$350,224

INVESTMENT

$350,224

Down Payment
$324,975
Rehab Estimate
$5,750
Closing Costs
$19,499

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 70% down payment or higher enables the proceeds from the asset to cover all costs.

$4,515

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $324,975
Loan Amount $974,925
See What Happens When You Reinvest Cash Flow

0.17

YEARS SAVED

$195

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $4,240

    LIST RENT
  • $1.43

    LIST RENT PER SQFT
  • $4,479

    COMP ESTIMATED VALUE
  • $1.51

    COMP AVG. RENT PER SQFT
Comps Range
$3,900
1$3,9002$3,9853$4,1004$4,2405$4,650
$4,650
RENT COMPS ANALYSIS
  • 9610 La Granada Avenue Fountain Valley, CA 4
    • 4 beds 3 baths ∙ 2,966 Sqft ∙ Built 1966 4 beds 3 baths ∙ 2,966 Sqft ∙ Built 1966
    • Rent
    • Rent Per SQFT
    •  
    • $4,240
    • $1.43
    •  
  • 10468 Apache River Avenue Fountain Valley, CA 1
    • 4 beds 3 baths ∙ 2,710 Sqft ∙ Built 1971 4 beds 3 baths ∙ 2,710 Sqft ∙ Built 1971
    LEASED 12/21/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,900
    • $1.44
    •  
  • 18114 Santa Arabella Street Fountain Valley, CA 2
    • 5 beds 3 baths ∙ 2,620 Sqft ∙ Built 1970 5 beds 3 baths ∙ 2,620 Sqft ∙ Built 1970
    LEASED 07/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,985
    • $1.52
    •  
  • 18378 Mount Cherie Circle Fountain Valley, CA 3
    • 4 beds 3 baths ∙ 2,912 Sqft ∙ Built 1977 4 beds 3 baths ∙ 2,912 Sqft ∙ Built 1977
    LEASED 10/26/19
    • Rent
    • Rent Per SQFT
    •  
    • $4,100
    • $1.41
    •  
  • 18232 Santa Sophia Circle Fountain Valley, CA 5
    • 5 beds 3 baths ∙ 2,780 Sqft ∙ Built 1970 5 beds 3 baths ∙ 2,780 Sqft ∙ Built 1970
    LEASED 08/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $4,650
    • $1.67
    •  
PROPERTY LISTING DETAILS
Ken Tran
Realty One Group West
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: OC21025129
Last Updated: 02/06/2021
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