PORTER AVENUE VILLAS 1042 W PORTER AVE FULLERTON, CA 92833 Jon Davis, BRE#01885959 Vice President 949.558.0302 jon.davis@svn.com CalDRE #01885959 SVN VANGUARD 120 W. 5TH STREET, SUITE 210, SANTA ANA, CA 92701 OFFERING MEMORANDUM
PROPERTY INFORMATION 3 Property Summary Additional Photos Additional Photos LOCATION INFORMATION 7 Regional Map Location Maps Aerial Map FINANCIAL ANALYSIS 11 Financial Summary Rent Roll Income & Expenses DEMOGRAPHICS 15 Demographics Map Cover Page PORTER AVENUE VILLAS 1042 W PORTER AVE, FULLERTON, CA 92833 OFFERING MEMORANDUM
1 PROPERTY INFORMATION 1042 W Porter Ave Fullerton, CA 92833 PORTER AVENUE VILLAS 1042 W PORTER AVE FULLERTON, CA 92833 SVN Vanguard Page 3
Property Summary OFFERING SUMMARY Sale Price: $1,850,000 Number Of Units: 8 Cap Rate: 4.37% NOI: $80,927 Lot Size: 10,763 SF Year Built: 1958 Building Size: 5,121 SF Zoning: R-3 Market: Orange County Submarket: North Orange County Price / SF: $361.26 PROPERTY OVERVIEW SVN Vanguard is please to bring to market a two story 8 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 1 BD & 1 BA floor plans that are spacious and well designed along with featuring a large outdoor landscaped entertainment area for residence enjoyment. Additionally, there are (2) 2-car garages and (4) 1-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 9 electric meters, 1 gas meter and 1 water meter. Landlord expenses include common expenses which include water, gas and trash services. All tenant specific 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. PORTER AVENUE VILLAS 1042 W PORTER AVE FULLERTON, CA 92833 SVN Vanguard Page 4
Additional Photos PORTER AVENUE VILLAS 1042 W PORTER AVE FULLERTON, CA 92833 SVN Vanguard Page 5
Additional Photos PORTER AVENUE VILLAS 1042 W PORTER AVE FULLERTON, CA 92833 SVN Vanguard Page 6
2 LOCATION INFORMATION 1042 W Porter Ave Fullerton, CA 92833 PORTER AVENUE VILLAS 1042 W PORTER AVE FULLERTON, CA 92833 SVN Vanguard Page 7
Regional Map PORTER AVENUE VILLAS 1042 W PORTER AVE FULLERTON, CA 92833 SVN Vanguard Page 8
Location Maps PORTER AVENUE VILLAS 1042 W PORTER AVE FULLERTON, CA 92833 SVN Vanguard Page 9
Aerial Map PORTER AVENUE VILLAS 1042 W PORTER AVE FULLERTON, CA 92833 SVN Vanguard Page 10
3 FINANCIAL ANALYSIS 1042 W Porter Ave Fullerton, CA 92833 PORTER AVENUE VILLAS 1042 W PORTER AVE FULLERTON, CA 92833 SVN Vanguard Page 11
Financial Summary INVESTMENT OVERVIEW ACTUALS PRO FORMA Price $1,850,000 $1,850,000 Price per Unit $231,250 $231,250 GRM 15.6 13.3 CAP Rate 4.4% 5.4% Cash-on-Cash Return (yr 1) 2.21 % 4.76 % Total Return (yr 1) $35,168 $54,732 Debt Coverage Ratio 1.26 1.57 OPERATING DATA ACTUALS PRO FORMA Gross Scheduled Income $118,800 $139,200 Other Income $1,800 $1,800 Total Scheduled Income $120,600 $141,000 Vacancy Cost $2,376 $2,784 Gross Income $118,224 $138,216 Operating Expenses $37,297 $37,725 Net Operating Income $80,927 $100,491 Pre-Tax Cash Flow $16,876 $36,440 FINANCING DATA ACTUALS PRO FORMA Down Payment $765,000 $765,000 Loan Amount $1,085,000 $1,085,000 Debt Service $64,051 $64,051 Debt Service Monthly $5,337 $5,337 Principal Reduction (yr 1) $18,292 $18,292 PORTER AVENUE VILLAS 1042 W PORTER AVE FULLERTON, CA 92833 SVN Vanguard Page 12
Rent Roll UNIT NUMBER UNIT BED UNIT BATH UNIT SIZE (SF) LEASE START CURRENT RENT CURRENT RENT (PER SF) MARKET RENT MARKET RENT (PER SF) COMMENTS 1 1 1 640 Current $1,250 $1.95 $1,475 $2.30 Month-to-Month 2 1 1 640 Current $1,225 $1.91 $1,425 $2.23 Month-to-Month 3 1 1 640 Current $1,225 $1.91 $1,425 $2.23 Month-to-Month 4 1 1 640 Current $1,250 $1.95 $1,475 $2.30 Month-to-Month 5 1 1 640 Current $1,250 $1.95 $1,475 $2.30 Month-to-Month 6 1 1 640 Current $1,225 $1.91 $1,425 $2.23 Month-to-Month 7 1 1 640 Current $1,225 $1.91 $1,425 $2.23 Month-to-Month 8 1 1 640 Current $1,250 $1.95 $1,475 $2.30 Month-to-Month Totals/Averages 5,120 $9,900 $1.93 $11,600 $2.27 $0 PORTER AVENUE VILLAS 1042 W PORTER AVE FULLERTON, CA 92833 SVN Vanguard Page 13
Income & Expenses INCOME SUMMARY ACTUALS PER SF Gross Income $118,224 $23.09 EXPENSE SUMMARY ACTUALS PER SF New Property Taxes (1.085%) $20,075 $3.92 Property Insurance $1,138 $0.22 Gas $1,988 $0.39 Electricity $420 $0.08 Water $6,536 $1.28 Trash $640 $0.12 Building Repairs / Reserves (5%) $5,900 $1.15 Landscaping $600 $0.12 Gross Expenses $37,297 $7.28 Net Operating Income $80,927 $15.80 PORTER AVENUE VILLAS 1042 W PORTER AVE FULLERTON, CA 92833 SVN Vanguard Page 14
4 DEMOGRAPHICS 1042 W Porter Ave Fullerton, CA 92833 PORTER AVENUE VILLAS 1042 W PORTER AVE FULLERTON, CA 92833 SVN Vanguard Page 15
Demographics Map POPULATION 1 MILE 2 MILES 3 MILES Total population 33,447 114,376 234,053 Median age 32.2 32.0 33.1 Median age (Male) 31.4 31.5 32.1 Median age (Female) 33.5 32.8 34.2 HOUSEHOLDS & INCOME 1 MILE 2 MILES 3 MILES Total households 9,504 34,248 70,508 # of persons per HH 3.5 3.3 3.3 Average HH income $67,856 $70,661 $72,481 Average house value $475,824 $515,930 $545,928 * Demographic data derived from 2010 US Census PORTER AVENUE VILLAS 1042 W PORTER AVE FULLERTON, CA 92833 SVN Vanguard Page 16
PORTER AVENUE VILLAS 1042 W PORTER AVE FULLERTON, CA 92833 SVN VANGUARD 120 W. 5TH STREET, SUITE 210, SANTA ANA, CA 92701 OFFERING MEMORANDUM