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9674 La Capilla Avenue Fountain Valley, CA 92708

4 Beds 3 Baths 2,900 sqft Built 1967

$1,199,000

List Price

$4,020

$3.8K - $4.3K

Rent Est.

PROPERTY INFO

February 06, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1967
  • Price/Sqft : $413.45
  • 2 Days on Market
  • MLS # : PW21025186
  • Updated Date : 02/06/2021 at 14:20
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,900 sqft
  • Baths : 3 full
Listing Agent

Triple Crown Real Estate

Listing Agent's Description

First time on the market! This beautiful home boasts over 2700sf of living space and is situated on a good-sized interior lot that is just steps to La Capilla Park. It has been lovingly maintained and is ready for you to come and put your own personal touches on. There is an expansive master suite complete with a separate retreat area and walk-in closet. Both upstairs secondary bedrooms open onto a deck that spans the length of the 3 car garage. There are many windows making the space light and airy. The kitchen sits in the center of the living area and looks off onto the gardens in the backyard. The living room has lovely vaulted open beamed ceilings and there’s a dining room just above. The family room is a cozy, downstairs spot with a fireplace and a slider out to the garden. It has an oversized bedroom and a bathroom downstairs, making it an ideal spot for multigenerational living. There’s an expansive 3 car garage that is extra deep allowing for extra storage or a workshop. The ceilings have been scraped and there is a brand new patio cover to enjoy outside. It is centrally located to all amenities including Mile Square Park, golfing, medical facilities, and the finest Fountain Valley Schools. It is rare that these homes come on the market. Come see what makes this home so special today!

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
 

$1,079,100$1,318,900$1,199,000

PURCHASE PRICE

$3,618$4,422$4,020

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $4,020
EXPENSES Loan Payment -$4,165
Property Tax -$1,179
Property Insurance -$93
Property Management Fees -$197
CASH FLOW
-$1,614

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.

$1,199,000

PROJECTED PRICE

$4,020

PROJECTED RENT

0.34%

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-$25k-$20k-$15k-$10k-$5.0k$0.0$5.0k$10k$15k

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$323,485

INVESTMENT

$323,485

Down Payment
$299,750
Rehab Estimate
$5,750
Closing Costs
$17,985

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$4,165

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $299,750
Loan Amount $899,250
See What Happens When You Reinvest Cash Flow

0.25

YEARS SAVED

$412

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $4,020

    LIST RENT
  • $1.47

    LIST RENT PER SQFT
  • $4,024

    COMP ESTIMATED VALUE
  • $1.47

    COMP AVG. RENT PER SQFT
Comps Range
$3,900
1$3,9002$3,9853$4,0004$4,0205$4,100
$4,100
RENT COMPS ANALYSIS
  • 9674 La Capilla Avenue Fountain Valley, CA 4
    • 4 beds 3 baths ∙ 2,728 Sqft ∙ Built 1967 4 beds 3 baths ∙ 2,728 Sqft ∙ Built 1967
    • Rent
    • Rent Per SQFT
    •  
    • $4,020
    • $1.47
    •  
  • 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
    •  
  • 9322 Flicker Avenue Fountain Valley, CA 3
    • 4 beds 3 baths ∙ 2,606 Sqft ∙ Built 1971 4 beds 3 baths ∙ 2,606 Sqft ∙ Built 1971
    LEASED 11/03/20
    • Rent
    • Rent Per SQFT
    •  
    • $4,000
    • $1.53
    •  
  • 18378 Mount Cherie Circle Fountain Valley, CA 5
    • 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
    •  
PROPERTY LISTING DETAILS
Sharon Kaak
Triple Crown Real Estate
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: PW21025186
Last Updated: 02/06/2021
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