SVN | Vanguard | 120 W. 5th Street, Suite 210, Santa Ana, CA 92701 SALE BROCHURE
PORTER AVENUEVILLAS1107 W PORTER AVE
FULLERTON, CA 92833
Cameron Irons, BRE#01176224Managing Director
714.446.0600 x112
BRE #01176224
Jon Davis, BRE#01885959Vice President
714.446.0600 x121
BRE #01885959
PORTER AVENUE VILLAS | 1107 W PORTER AVE, FULLERTON, CA 92833 SVN | Vanguard | Page 2
OFFERING SUMMAROFFERING SUMMARYY
Sale Price: $1,550,000
Number Of Units: 6
Cap Rate: 4.12%
NOI: $63,814
Lot Size: 0.19 Acres
Year Built: 1960
Building Size: 4,736
Zoning: R-3
Market: Orange County
Submarket: North Orange County
Price / SF: $327.28
SVN Vanguard is please to bring to market a two story 6 unit apartment building in a highly desirable Fullerton
neighborhood. The Porter Avenue Villas in located in a beautifully manicured culd-de-sac and is 100% occupied with a
mixture of long term and new tenants, all of which are on month-to-month agreements providing an investor the
opportunity to increase rents and immediately increase return.
All featured units are composed of 2 BD & 1BA Loor plans that are spacious and well designed with the ground Loor units
boasting outdoor patios. The current owner has installed a circulation pump for the hot water heater to assist in
distributing the hot water to all tenants in a timely manner. Additionally, there are (3) 2-car garages accessible by the
alley. Onsite leased laundry provides residence a low cost option to complete laundry onsite along with providing owner
additional income. This building is located within an excellent rental location and boasts historically low vacancy rates
with ability to drastically increase rents.
The Porter Avenue Villas have 7 electric meters, 1 water and 1 gas meter. Landlord expenses include common expenses
and include water, gas and trash services. All tenant speciKc units are separately metered for electricity.
The Porter Avenue Villas are located near the cross streets of Euclid Street and Orangethorpe Avenue and within walking
distance to multiple retail shopping center destinations, the 91 Freeway onramp and close proximity to Downtown
Fullerton and all its amenities. Coupled with its close proximity to many Southern California's family destinations such as
Disneyland, Los Angeles Angels of Anaheim Stadium, Honda Center, Knott's Berry Farm and many more.
PROPERPROPERTTY OY OVERVERVIEWVIEW
PROPERPROPERTTY HIGHLIGHTSY HIGHLIGHTS
• All featured units are composed of 2 BD & 1BA Loor plans that are spacious and well designed with the ground Loor
units boasting outdoor patios. The current owner has installed a circulation pump for the hot water heater to assist in
distributing the hot water to all tenants in a timely manner. Additionally, there are (3) 2-car garages accessible by the
alley. This building is located within an excellent rental location and boasts historically low vacancy rates with ability to
drastically increase rents.
• The Porter Avenue Villas have 7 electric meters, 1 water and 1 gas meter. Landlord expenses include common expenses
and include water, gas and trash services. All tenant speciKc units are separately metered for electricity.
• The Porter Avenue Villas are located near the cross streets of Euclid Street and Orangethorpe Avenue and within
walking distance to multiple retail shopping center destinations, the 91 Freeway onramp and close proximity to
Downtown Fullerton and all its amenities. Coupled with its close proximity to many Southern California's family
destinations such as Disneyland, Los Angeles Angels of Anaheim Stadium, Honda Center, Knott's Berry Farm and many
more.
Property Summary
PORTER AVENUE VILLAS | 1107 W PORTER AVE, FULLERTON, CA 92833 SVN | Vanguard | Page 3
Additional Photos
PORTER AVENUE VILLAS | 1107 W PORTER AVE, FULLERTON, CA 92833 SVN | Vanguard | Page 4
UNITUNIT
NUMBERNUMBER
UNITUNIT
BEDBED
UNITUNIT
BBAATHTH
UNITUNIT
SIZE (SIZE (SF)SF)
LEALEASESE
SSTTARARTT
LEALEASESE
ENDEND
LEALEASESE
SSTTARARTT
CURRENTCURRENT
RENT (RENT (PER SF)PER SF)
MARKETMARKET
RENTRENT
MARKETMARKET
RENTRENT/SF/SF
SESECURITCURITYY
DEPOSITDEPOSIT
CURRENTCURRENT
RENTRENT
RERECCOOVERVERYY
TTYPEYPE CCOMMENTSOMMENTS
1 2 1 790 3/1/2017 MTM Current $1.77 $1,525 $1.93 $1,395
1 2 1 790 9/1/2006 MTM Current $1.77 $1,525 $1.93 $1,395
1 2 1 790 7/1/2011 MTM Current $1.77 $1,525 $1.93 $1,395
1 2 1 790 7/1/2017 MTM Current $1.73 $1,525 $1.93 $1,365
1 2 1 790 11/1/2013 MTM Current $1.73 $1,525 $1.93 $1,365
1 2 1 790 10/1/2010 MTM Current $1.73 $1,525 $1.93 $1,365
TTootals/Atals/Avvereragesages 4,4,774040 $1.$1.7575 $9$9,,150150 $1.$1.9933 $0$0 $8,280$8,280 $0$0 $0$0
Rent Roll
Financing Analysis: Loan Scenarios
Property Address: Property Type: Prepared For:
1107 Porter Avenue Multi-Family Jon Davis
Fullerton, CA SVN Vanguard
Scenario 1: Scenario 2:
Purchase Price/Value: $1,550,000.00 Purchase Price/Value: $1,550,000.00
Down Payment/Equity: $620,000.00 Down Payment/Equity: $620,000.00
Maximum Loan Amount: $930,000.00 Maximum Loan Amount: $930,000.00
Loan to Value: 60% Loan to Value: 60%
Interest Rate: 4.16% Interest Rate: 4.31%
Amortization: 30 Amortization: 30
Monthly P&I Payment: $4,526.17 Monthly P&I Payment: $4,607.77
Annual Debt Service: $54,314.09 Annual Debt Service: $55,293.20
Scenario 3: Notes:
Purchase Price/Value: $1,550,000.00Scenario 1: 60% LTV |3 Year Adjustable | 30 Year Amortization
Down Payment/Equity: $387,500.00
Maximum Loan Amount: $1,162,500.00 Scenario 2: 60% LTV | 7 Year Adjustable | 30 Year Amortization
Loan to Value: 75%Scenario 3: 75% LTV |3 Year Adjustable | 30 Year Amortization
Interest Rate: 4.41%
Amortization: 30
Monthly P&I Payment: $5,828.21*Estimates do not include loan costs or taxes and insurance
Annual Debt Service: $69,938.57 **All financing scenarios are subject to change and final approval(s)
Incom Capitalemail: [email protected]: 800-882-0849 F: 800-580-4916 CONFIDENTIALITY NOTICE: This spreadsheet is for the sole use of the intended recipient(s) and contains confidential andBRE license #01520651 privileged information. If you are not the intended recipient, you may NOT use, disclose, copy or disseminate this information.
Page 1 of 1PORTER AVENUE VILLAS | 1107 W PORTER AVE, FULLERTON, CA 92833 SVN | Vanguard | Page 5
PDF With Header/Footer
INVESINVESTMENT OTMENT OVERVERVIEWVIEW AACTUCTUALSALS PROFPROFORMAORMA
Price $1,550,000 $1,550,000
Price per Unit $258,333 $258,333
GRM 15.6 14.4
CAP Rate 4.1% 4.7%
Total Return (yr 1) $19,948 $28,329
Debt Coverage Ratio 1.1 1.24
OPERAOPERATING DTING DAATTAA AACTUCTUALSALS PROFPROFORMAORMA
Gross Scheduled Income $99,360 $108,000
Other Income $900 $900
Total Scheduled Income $100,260 $108,900
Vacancy Cost $3,007 $3,267
Gross Income $97,252 $105,633
Operating Expenses $33,438 $33,438
Net Operating Income $63,814 $72,195
PORTER AVENUE VILLAS | 1107 W PORTER AVE, FULLERTON, CA 92833 SVN | Vanguard | Page 6
Financial Summary
INCINCOME SUMMAROME SUMMARYY AACTUCTUALSALS PER SFPER SF
Annual Current Income $99,360 $20.98
Laundry Income $900 $0.19
Proforma Annual Current Income - -
GrGross Ioss Incncomeome $100$100,260,260 $21.$21.1717
EXPENSE SUMMAREXPENSE SUMMARYY AACTUCTUALSALS PER SFPER SF
New Property Taxes (1.125%) $17,438 $3.68
Insurance $2,200 $0.46
Gas $1,500 $0.32
Electricity $500 $0.11
Water $5,000 $1.06
Trash $600 $0.13
Building Repairs / Reserves (5%) $5,000 $1.06
Landscaping $1,200 $0.25
GrGross Expensesoss Expenses $33,438$33,438 $7$7..0606
NNeet Opert Operaating Iting Incncomeome $63,814$63,814 $13.47$13.47
PORTER AVENUE VILLAS | 1107 W PORTER AVE, FULLERTON, CA 92833 SVN | Vanguard | Page 7
Income & Expenses
PORTER AVENUE VILLAS | 1107 W PORTER AVE, FULLERTON, CA 92833 SVN | Vanguard | Page 8
Retailer Map
SVN | Vanguard | 120 W. 5th Street, Suite 210, Santa Ana, CA 92701 SALE BROCHURE
PORTER AVENUEVILLAS1107 W PORTER AVE
FULLERTON, CA 92833
