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9770 La Esperanza Avenue Fountain Valley, CA 92708

4 Beds 3 Baths 2,268 sqft Built 1972

$1,189,000

List Price

$3,910

$3.7K - $4.2K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 12, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1972
  • Price/Sqft : $524.25
  • 4 Days on Market
  • MLS # : OC21047445
  • Updated Date : 03/12/2021 at 14:15
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,268 sqft
  • Baths : 2 full , 1 half
Listing Agent

First Team Real Estate

Listing Agent's Description

Luxurious Resort-Style Living in the Heart of FV in this HIGHLY Upgraded 4 BD, 2.5 BA Parkside Estates Pool Home w/Finished 3 Car Garage (New Frosted Glass Doors). Over $200K was Recently Spent to Upgrade this Home Even MORE!! It Features: A/C, Paid-Solar, 2 Tesla Powerwall Batteries, Alkaline Water Purification + Softener System, Ring Security, LED Recessed Lighting, Dual Pane Windows/Sliders, Plantation Shutters, Remote Blinds, Crown Molding & Wood Laminate Floors. Gorgeous Curb Appeal w/Stacked Stone Siding, Stamped Concrete Driveway & Backyard Decking, Gated Tranquil Japanese "Zen" Courtyard Entry, New Double Beveled Glass Entry Doors, Travertine Foyer, Formal Living Rm w/New Marble Fireplace & New Bay Window. Formal Dining, w/Custom Mirrored Wall. Remodeled Granite Kitchen w/Travertine Backsplash, Stainless Appliances, White Shaker Soft-Close Cabinetry w/Pull Outs, Breakfast Nook Open to Inviting Family Rm. Luxurious Master Suite Boasts Retreat w/Fireplace, Organized Walk-In Closet + 2nd Closet, Remodeled Bathrm w/Dual Sinks & Sit-Down Make-Up Station. Inside Laundry Rm. All Baths Beautifully Upgraded w/Extensive Use of Marble, Designer Tile, New Glass Enclosures & Japanese Bidet Toilets. The Backyard is Absolute Paradise w/Sparkling Re-Plastered Saltwater Pool & Spa, Covered Patio, Stacked Stone Raised Planters, Professional Landscaping, & Block Wall Fencing w/Foliage. Steps to La Capilla Neighborhood Park & Close to Mile Square Park, Beach, and Top-Rated Schools.

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
 

$1,070,100$1,307,900$1,189,000

PURCHASE PRICE

$3,519$4,301$3,910

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,910
EXPENSES Loan Payment -$4,130
Property Tax -$1,169
Property Insurance -$82
Property Management Fees -$192
CASH FLOW
-$1,663

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.

$1,189,000

PROJECTED PRICE

$3,910

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-$25k-$20k-$15k-$10k-$5.0k$0.0$5.0k$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$320,835

INVESTMENT

$320,835

Down Payment
$297,250
Rehab Estimate
$5,750
Closing Costs
$17,835

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$4,130

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $297,250
Loan Amount $891,750
See What Happens When You Reinvest Cash Flow

0.17

YEARS SAVED

$227

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,910

    LIST RENT
  • $1.72

    LIST RENT PER SQFT
  • $4,122

    COMP ESTIMATED VALUE
  • $1.82

    COMP AVG. RENT PER SQFT
Comps Range
$3,700
1$3,7002$3,9003$3,9104$3,9955$4,000
$4,000
RENT COMPS ANALYSIS
  • 9770 La Esperanza Avenue Fountain Valley, CA 3
    • 4 beds 3 baths ∙ 2,268 Sqft ∙ Built 1972 4 beds 3 baths ∙ 2,268 Sqft ∙ Built 1972
    • Rent
    • Rent Per SQFT
    •  
    • $3,910
    • $1.72
    •  
  • 10463 El Monte Avenue Fountain Valley, CA 1
    • 4 beds 2 baths ∙ 2,084 Sqft ∙ Built 1967 4 beds 2 baths ∙ 2,084 Sqft ∙ Built 1967
    LEASED 05/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,700
    • $1.78
    •  
  • 9735 El Durango Circle Fountain Valley, CA 2
    • 4 beds 3 baths ∙ 2,268 Sqft ∙ Built 1972 4 beds 3 baths ∙ 2,268 Sqft ∙ Built 1972
    LEASED 06/27/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,900
    • $1.72
    •  
  • 17353 Elm Street Fountain Valley, CA 4
    • 4 beds 3 baths ∙ 2,079 Sqft ∙ Built 1964 4 beds 3 baths ∙ 2,079 Sqft ∙ Built 1964
    LEASED 07/23/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,995
    • $1.92
    •  
  • 17973 Mount Coulter Street Fountain Valley, CA 5
    • 4 beds 2 baths ∙ 2,164 Sqft ∙ Built 1976 4 beds 2 baths ∙ 2,164 Sqft ∙ Built 1976
    LEASED 09/03/20
    • Rent
    • Rent Per SQFT
    •  
    • $4,000
    • $1.85
    •  
PROPERTY LISTING DETAILS
Lily Campbell
First Team Real Estate
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: OC21047445
Last Updated: 03/12/2021
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