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13 Beechwood #4 Irvine, CA 92604

3 Beds 3 Baths 1,653 sqft Built 1980

$839,900

List Price

$3,210

$3K - $3.5K

Rent Est.

PROPERTY INFO

FACTS
  • Single Family
  • Built In 1980
  • Price/Sqft : $508.11
  • 14 Days on Market
  • MLS # : OC20244898
  • Updated Date : 12/05/2020 at 13:35
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,653 sqft
  • Baths : 2 full , 1 half
Listing Agent

First Team Real Estate

Listing Agent's Description

Freshly painted and carpeted, remodeled 3 bedroom town home with dual master suites which is located inside the prestigious Woodbridge loop. Nice open floor plan with eat in granite kitchen, formal dining room, and spacious living room. This home also includes a main floor bedroom which can be used for an at home office. This home also boast a cozy fireplace, recessed lighting, skylight and central air conditioning. On the second level you have the master suite that includes mirrored wardrobes, ceiling fan, plantation shutters and a spa tub. The second bedroom includes it own walk-in closet and private bathroom, shower and vanity area. The private front entry is gated to add more privacy. The brick lined rear patio has plenty of room for entertaining, barbecuing or enjoying the peaceful location. This home has a 2 car attached garage, automatic garage door opener, storage cabinets and the laundry hook ups. The Woodbridge Association Lake and beach are close by, Other association amenities include tennis, swimming pools and many parks. Take a walk across the walking bridge for a beautiful view of the lake. Take the many trails to the local shopping area or to one of the many restaurants.

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • 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.

PRICE & RENT TRENDS

Neighborhood: Hollygrove West

NeighborhoodNIR Market*CityMarket2010Year20002019250k300k350k400k450k500k550k600k650k700k750k800k850k900kPrice in $239k943k

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

Neighborhood: Hollygrove West

ZipNIR Market*CityMarket2010Year2000 Q22019 Q22000220024002600280030003200340036003800Rent in $18443809

* 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
Eastshore Elementary School Primary Regular 635 21 8
Lakeside Middle School Middle Regular 650 21 10
Woodbridge High School High Regular 2,480 82 10

Eastshore Elementary School

  • Education Level: Primary
  • # of students: 635
  • # of teachers: 21
8
GreatSchools Rating

Lakeside Middle School

  • Education Level: Middle
  • # of students: 650
  • # of teachers: 21
10
GreatSchools Rating

Woodbridge High School

  • Education Level: High
  • # of students: 2,480
  • # of teachers: 82
10
GreatSchools Rating
 

$755,910$923,890$839,900

PURCHASE PRICE

$2,889$3,531$3,210

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,210
EXPENSES Loan Payment -$3,099
Property Tax -$765
Property Insurance -$67
HOA -$105
Property Management Fees -$157
CASH FLOW
-$983

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.

$839,900

PROJECTED PRICE

$3,210

PROJECTED RENT

0.38%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.24%
Appreciation Year (1-5) 4.5%
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$500k$1.0M$1.5M$2.0M

PROJECTED ANNUAL CASH FLOW

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$500k$1.0M$1.5M$2.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$228,324

INVESTMENT

$228,324

Down Payment
$209,975
Rehab Estimate
$5,750
Closing Costs
$12,599

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 65% down payment or higher enables the proceeds from the asset to cover all costs.

$3,099

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $209,975
Loan Amount $629,925
See What Happens When You Reinvest Cash Flow

0.67

YEARS SAVED

$2,744

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,210

    LIST RENT
  • $1.94

    LIST RENT PER SQFT
  • $3,203

    COMP ESTIMATED VALUE
  • $1.94

    COMP AVG. RENT PER SQFT
Comps Range
$3,100
1$3,1002$3,1503$3,2104$3,2505$3,250
$3,250
RENT COMPS ANALYSIS
  • 13 Beechwood Irvine, CA 3
    • 3 beds 3 baths ∙ 1,653 Sqft ∙ Built 1980 3 beds 3 baths ∙ 1,653 Sqft ∙ Built 1980
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $3,210
    • $1.94
    •  
  • 4 Windwood Irvine, CA 1
    • 3 beds 3 baths ∙ 1,596 Sqft ∙ Built 1977 3 beds 3 baths ∙ 1,596 Sqft ∙ Built 1977
    property image
    LEASED 11/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,100
    • $1.94
    •  
  • 5 Driftwood Irvine, CA 2
    • 3 beds 3 baths ∙ 1,646 Sqft ∙ Built 1976 3 beds 3 baths ∙ 1,646 Sqft ∙ Built 1976
    property image
    LEASED 07/19/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,150
    • $1.91
    •  
  • 7 Fernbank Irvine, CA 4
    • 3 beds 3 baths ∙ 1,653 Sqft ∙ Built 1980 3 beds 3 baths ∙ 1,653 Sqft ∙ Built 1980
    property image
    LEASED 01/31/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,250
    • $1.97
    •  
  • 3 Clove Blossom Irvine, CA 5
    • 3 beds 3 baths ∙ 1,681 Sqft ∙ Built 1978 3 beds 3 baths ∙ 1,681 Sqft ∙ Built 1978
    property image
    LEASED 09/03/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,250
    • $1.93
    •  
PROPERTY LISTING DETAILS
Kevin Tolan
First Team Real Estate
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: OC20244898
Last Updated: 12/05/2020
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