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10205 Holburn Drive Huntington Beach, CA 92646

3 Beds 2 Baths 1,254 sqft Built 1964

$549,500

List Price

$2,710

$2.5K - $3K

Rent Est.

PROPERTY INFO

80% chance this property will be sold within the next 20 days HOT INVESTMENT
January 14, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1964
  • Price/Sqft : $438.20
  • 4 Days on Market
  • MLS # : OC21008721
  • Updated Date : 01/14/2021 at 12:49
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,254 sqft
  • Baths : 1 full , 1 half
Listing Agent

Nationwide Real Estate Execs

Listing Agent's Description

Welcome Home... 10205 Holburn is the biggest, and rarest model to just receive a brand new remodel in 2021. These features were just installed for your comfort, New unified stainless steal appliances, new marble counter tops, new shower tiles, new bathtub, new privacy shower tiles, new wide plank vinyl, incredible flowing LED recessed lighting throughout the light and bright open floor plan, in addition to new interior paint, new plumbing/lighting fixtures, and ceiling fans included... SO, l If you crave a centrally located Huntington Beach home, walk with ease to your favorite stores, Wholefoods, Sprouts, Starbucks, Target, everything you want within grasp... By now, you can see this has what you want... Just imagine when you have your friends and family over, and what they'll be saying about your new home. Easily entertain in the front greenbelt/grass area, or your newly painted backyard for those relaxing moments... Schedule your showing today before everyone else does...

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MARKET HIGHLIGHTS

  • 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.
  • 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)

PRICE & RENT TRENDS

Neighborhood: Adams

NeighborhoodNIR Market*CityMarket2010Year20002019200k250k300k350k400k450k500k550k600k650k700k750k800kPrice in $157k831k

* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR

Neighborhood: Adams

NeighborhoodNIR Market*CityMarket2010Year2000 Q22019 Q2140016001800200022002400260028003000320034003600Rent in $13313620

* 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
Isojiro Oka Elementary School Primary Regular 447 18 9
Samuel E. Talbert Middle School Middle Regular 722 29 9
Edison High School High Regular 2,560 107 9

Isojiro Oka Elementary School

  • Education Level: Primary
  • # of students: 447
  • # of teachers: 18
9
GreatSchools Rating

Samuel E. Talbert Middle School

  • Education Level: Middle
  • # of students: 722
  • # of teachers: 29
9
GreatSchools Rating

Edison High School

  • Education Level: High
  • # of students: 2,560
  • # of teachers: 107
9
GreatSchools Rating
 

$494,550$604,450$549,500

PURCHASE PRICE

$2,439$2,981$2,710

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,710
EXPENSES Loan Payment -$1,909
Property Tax -$557
Property Insurance -$57
HOA -$210
Property Management Fees -$133
CASH FLOW
-$156

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.

$549,500

PROJECTED PRICE

$2,710

PROJECTED RENT

0.49%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.24%
Appreciation Year (1-5) 6.1%
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$200k$400k$600k$800k$1.0M$1.2M$1.4M$1.6M

PROJECTED ANNUAL CASH FLOW

11530-$5.0k$0.0$5.0k$10k$15k$20k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M$1.6M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$151,368

INVESTMENT

$151,368

Down Payment
$137,375
Rehab Estimate
$5,750
Closing Costs
$8,243

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 55% down payment or higher enables the proceeds from the asset to cover all costs.

$1,909

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $137,375
Loan Amount $412,125
See What Happens When You Reinvest Cash Flow

4.25

YEARS SAVED

$22,461

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,710

    LIST RENT
  • $2.16

    LIST RENT PER SQFT
  • $2,825

    COMP ESTIMATED VALUE
  • $2.25

    COMP AVG. RENT PER SQFT
Comps Range
$2,400
1$2,4002$2,4953$2,7104$3,2005$3,500
$3,500
RENT COMPS ANALYSIS
  • 10205 Holburn Drive Huntington Beach, CA 3
    • 3 beds 2 baths ∙ 1,254 Sqft ∙ Built 1964 3 beds 2 baths ∙ 1,254 Sqft ∙ Built 1964
    • Rent
    • Rent Per SQFT
    •  
    • $2,710
    • $2.16
    •  
  • 9848 Continental Drive Huntington Beach, CA 1
    • 3 beds 2 baths ∙ 1,100 Sqft ∙ Built 1963 3 beds 2 baths ∙ 1,100 Sqft ∙ Built 1963
    LEASED 12/17/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,400
    • $2.18
    •  
  • 19788 Claremont Lane Huntington Beach, CA 2
    • 3 beds 2 baths ∙ 1,100 Sqft ∙ Built 1964 3 beds 2 baths ∙ 1,100 Sqft ∙ Built 1964
    LEASED 10/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,495
    • $2.27
    •  
  • 10211 Valley Forge Drive Huntington Beach, CA 4
    • 4 beds 2 baths ∙ 1,448 Sqft ∙ Built 1964 4 beds 2 baths ∙ 1,448 Sqft ∙ Built 1964
    LEASED 07/25/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,200
    • $2.21
    •  
  • 19761 Carmania Lane Huntington Beach, CA 5
    • 4 beds 2 baths ∙ 1,489 Sqft ∙ Built 1962 4 beds 2 baths ∙ 1,489 Sqft ∙ Built 1962
    LEASED 08/13/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,500
    • $2.35
    •  
PROPERTY LISTING DETAILS
Alex Vargas
Nationwide Real Estate Execs
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: OC21008721
Last Updated: 01/14/2021
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