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MULTI-FAMILY OPPORTUNITY
510 N Malden Ave, Fullerton, CA 92832
Exclusively Listed By
Richard Bell
714-447-4900 Office
714-309-3549 Cell
www.Bellrealtyca.com
Prime location near Downtown Fullerton
Two Duplexes sit on a large lot of over 12,000 Sq Ft.
All units have inside laundry hookups and individual water heaters.
Many upgrades while keeping the historic charm.
www.Bellrealtyca.com
Price: $1,125,000
Down: $450,000 40%
Loan: $675,000
Interest Rate 5.25%
Loan terms: 30 Years Fixed
Current
Rents
Market
Rents
* Great location near Downtown Fullerton Gross Rent Multiplier: 17.9 14.8
* Neighborhood of mostly Craftsman-style Cap Rate: 3.4% 4.6%
homes show pride of Ownership
* Tenants are eligible to attend great schools Cost Per Unit $281,250 $281,250
* Two duplexes on large 12,000 sq ft lot. Cost Per Square Foot: $366.33 $366.33
* Individual metered gas and electric Cash on Cash Return -1.4% 1.5%
* All units have inside laundry hookups and Rent Per Square Foot 1.70$ 2.07$
individual water heaters
* Water supply lines and most drain lines Year Built 1908/1940's
have been repiped
* Electric Panels have been upgraded to breakers.
* Vinyl windows and recently painted exterior
* Backyard with newer vinyl fencing.
Please do not go on-site without an appointment. Drive by only. Do not disturb the residents.
A complete marketing package is available for those seriously considering the property.
(714) 447-4900 Office or (714) 309-3549 Cell
www.Bellrealtyca.com
For additional Information contact:
Richard Bell
EXCLUSIVELY OFFERS FOR SALE
510 N Malden Ave.
Fullerton, CA 92831
INVESTMENT HIGHLIGHTS FINANCIAL INDICATORS
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PROPERTY SUMMARY
Number of Units 4
Address: 510 N Malden Ave.
City & State Fullerton, CA 92831
Year Built: 1908/1940's
Rentable Sq. Ft.: 3,071
Lot Size 12,215
Parking: 2 Carport spaces, 3 Open spaces
APN: 032-212-03
Cross Street: N/ Chapman Ave, W/ Harbor Blvd.
INVESTMENT SUMMARY PROPOSED FINANCING
PRICE: $1,125,000 New Loan: $675,000
Down Payment $450,000 Rate: 5.25%
Percent Down 40% Term Fixed 30
Price/Unit $281,250
Price/Sq. Ft: $366
FINANCIAL ANALYSIS (ANNUAL) Actual Market ANNUAL OPERATING EXPENSEGross Schedule Income (GSI) $ $62,820 $76,200 Taxes 12,375$
Vacancy Allowance 3.0 % $1,885 $1,885 Insurance 1,200$
Gross Operating Income (GOI) $60,935 $74,315 Utilities 4,200$
Operating Expenses 36.0 % $22,615 $22,615 Maintenance 1,500$
Net Operating Income (NOI) $38,320 $51,700 Pest Control
Loan Payment (P&I) ($44,728) ($44,728) Licenses 350$
Gross Spendable Income (SI) ($6,408) $6,972 Gardener/pool 1,200$
Cap Rate (NOI/LP) 3.4% 4.6% Manager
Gross Multiplier (LP/GSI) 17.9 X Gross 14.8 Professional Mgmt
Cash on Cash Return -1.4% 1.5% Replacement 1,200$
Misc 500$
PRINCIPAL PAYDOWN FOR FIRST YEAR IS : 9,518$ Total 22,525$
AN EXTRA RETURN ON INVESTMENT OF: 2.12%
UNIT MIX & RENT SCHEDULE
Units Bedroom/Baths Actual Rent Monthly Income
Market
Rent
Monthly
Income
1 1 Br / 1 BA $1,150 $1,150 $1,500 $1,500
1 1 Br / 1.5 BA $1,400 $1,400 $1,450 $1,450
1 2 Br / 1 BA $1,210 $1,210 $1,700 $1,700
1 2 Br / 1 BA $1,475 $1,475 $1,700 $1,700
Total Scheduled Rent: $5,235 $6,350
Laundry & Other Income:
Monthly Scheduled Gross Income: $5,235 $6,350
Annual Scheduled Gross Income: 62,820$ $76,200
REMARKS: Prime location near Downtown Fullerton among single family homes consisting of mostly Craftsman Style historic homes.
Two Duplexes sit on a large lot of over 12,000 Sq Ft. All units have access to nice back yards and onsite parking.
Many upgrades while keeping the historic charm.
Please do not disturb manager or tenants. Drive by only.
To Show Contact Call Agent Office 714-447-4900 Owner/Manager On File
Listing Office Bell Realty Group Cell 714-309-3549 E-mail [email protected]
Sales Person RICHARD BELL Fax 714-447-4906All information is from sources believed reliable, but is not guaranteed. Information is confidential and for licenced agents use only--not for public distribution.
PROPERTY FINANCIAL ANALYSIS
510 N Malden Ave.
Fullerton, CA 92831
4 Units
Rent Schedule
APARTMENT
NUMBER
# BED
ROOMS
# BATH
ROOMS
EST.
SQUARE
FEET
MONTHLY
RENT
RENT PER
SQUARE
FOOT
EST.
MARKET
RENT
MARKET
RENT
SQUARE
FOOT VARIANCE
PERCENT
VARIANCE
1 1 1 715 $1,150 $1.61 $1,500 2.10 $350 30%
2 1 1.5 615 $1,400 $2.28 $1,450 2.36 $50 4%
3 2 1 830 $1,210 $1.46 $1,700 2.05 $490 40%
4 2 1 830 $1,475 $1.78 $1,700 2.05 $225 15%
MONTHLY INCOME $5,235 $6,350
LAUNDRY $0 $0
OTHER INCOME $0 $0
MONTHLY TOTAL $5,235 $6,350 VARIANCE
ANNUAL TOTAL $62,820 $76,200 $13,380 22%
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Property Photos
Arial Map
Plat Map
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Property Photos
Street Map
Location Map
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