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  • SVN | Vanguard | 120 W. 5th Street, Suite 210, Santa Ana, CA 92701 SALE BROCHURE

    PORTER AVENUE VILLAS 1107 W PORTER AVE

    FULLERTON, CA 92833

    Cameron Irons, BRE#01176224 Managing Director

    714.446.0600 x112

    cirons@svn.com

    BRE #01176224

    Jon Davis, BRE#01885959 Vice President

    714.446.0600 x121

    jon.davis@svn.com

    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: $1,550,000.00 Scenario 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 Capital email: info@incomcapital.com T: 800-882-0849 F: 800-580-4916 CONFIDENTIALITY NOTICE: This spreadsheet is for the sole use of the intended recipient(s) and contains confidential and BRE 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 AVENUE VILLAS 1107 W PORTER AVE

    FULLERTON, CA 92833

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